Global Medical REIT reports 4Q results

BETHESDA, Md. (AP) _ Global Medical REIT Inc. (GMRE) on Wednesday reported a key measure of profitability in its fourth quarter, after reporting a loss in the same period a year earlier.

The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $3.4 million, or 15 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $193,000, or 1 cent per share.

The real estate investment trust posted revenue of $9.9 million in the period.

For the year, the company reported funds from operations of $11 million, swinging to a profit in the period. Revenue was reported as $30.3 million.

The company's shares have decreased 17 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.80, a drop of 17 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GMRE at https://www.zacks.com/ap/GMRE