Global Healthcare REIT Inc (PK:GBCS)

Business Focus: Casinos

Sector:  Consumer Cyclicals Industry:  Casinos & Gaming
See Regulatory Filings on SEC
Company Contact
Address: 6800 N 79th St Ste 200
NIWOT CO 80503-8978
Tel: N/A
IR: See website
Key People
Zvi Michael Rhine
President, Chief Financial Officer, Director
Lance Jason Baller
Chief Executive Officer, Director
Jacob Taylor
Controller, Secretary
Business Overview
Global Healthcare REIT, Inc. operates as a real estate investment trust (REIT) for the purpose of investing in real estate and other assets related to the healthcare industry. The Company acquires, develops, leases, manages and disposes of healthcare real estate, and provides financing to healthcare providers. The Company owns approximately nine healthcare properties, which are leased to third-party operators under triple-net operating terms. The Company's approximately nine assisted-living facilities include Middle GA Nursing Home; Warrenton Nursing Home (Warrenton); Southern Hills Retirement Center; Goodwill Nursing Home; Edwards Redeemer Health & Rehab; Providence of Sparta Nursing Home; Providence of Greene Point Healthcare Center; Meadowview Healthcare Center, and Golden Years Manor Nursing Home. The Company's Southern Hills Retirement Center consists of an Assisted Living facility (ALF), an Independent Living facility (ILF) and a Skilled Nursing facility (SNF).
Financial Overview
For the nine months ended 30 September 2017, Global Healthcare REIT Inc revenues remained flat at $2.3M. Net loss applicable to common stockholders increased from $319K to $1.4M. Revenues reflect market conditions. Higher net loss reflects Gain on Extinguishment of Debt decrease of 97% to $36K (income), Gain on Sale of Property and Equipment decrease from $981K (income) to $0K, Property Taxes, Insurance.
Employees: 38 as of Jun 30, 2013
Reporting Currency: U.S. Dollars
Enterprise value: $45.52M as of Dec 31, 2017
Annual revenue (TTM): $2.85M as of Dec 31, 2017
EBITDA (TTM): $1.27M as of Dec 31, 2017
Net annual income (TTM): -$2.24M as of Dec 31, 2017
Free cash flow (TTM): -$0.65M as of Dec 31, 2017
Net Debt Last Fiscal Year: $34.49M as of Dec 31, 2017
Shares outstanding: 26,300,317 as of Nov 20, 2017
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization