Global Healthcare REIT, Inc.

Symbol: GBCS
CIK: 727346
Exchange: OTCMKTS
Founded: 1978 (41 years)
HQ: Niwot, CO, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Health Care

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See GBCS on SEC.gov

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Overall Score: 3.9

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Dividend History [Dividends Currently Suspended]


Below are the most recent cash dividends paid by GBCS. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 799,183 1,628,868 614,639 1,307,207
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 162,006
Long-term Investments 19,861 13,044 12,134 100
Property, Plant & Equipment Net 36,782,009 36,703,856 36,524,474 35,885,145
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 901,560 1,082,240 902,400 774,730
Net Tangible Assets 1,594,533 1,338,796 1,390,101 1,182,776
Total Assets 40,262,511 39,953,223 38,489,309 38,295,887
Accounts Payable 0 0 0 0
Liabilities (Other) 804,870 771,080 682,470 714,950
Current Liabilities (Other) 7,500 7,500 7,500 7,500
Total Current Liabilities 0 0 0 0
Current Long-term Debt 19,603,962 19,616,517 19,659,755 19,681,716
Long-term Debt 18,464,559 18,431,019 16,959,302 16,914,625
Total Liabilities 38,873,391 38,818,619 37,301,531 37,311,293
Minority Interest -1,221 -1,869 -4,141 3,122
Common Stock 27,441,040 1,367,507 1,353,870 1,340,234
Retained Earnings -10,912,983 -11,089,565 -10,913,810 -11,070,606
Treasury Stock 0 0 0 0
Capital Surplus 10,359,464 10,284,854 10,174,041 10,137,148
Shareholder Equity 1,594,533 1,338,796 1,390,101 1,182,776

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 1,989,103 1,614,424 1,276,148 1,024,167
Cost of Revenue 1,027,799 866,757 672,113 661,490
Gross Profit 961,304 747,667 604,035 362,677
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 1,347,994 1,244,114 865,592 1,073,020
Operating Income 641,140 372,970 410,660 -48,850
Income Expense Net (Other) -458,279 -543,094 -250,505 -832,039
EBIT 641,140 372,970 410,660 -48,850
Interest Income 524,503 544,625 526,235 354,591
Pretax Income 182,861 -170,124 160,155 -880,889
Income Tax 0 0 0 0
Minority Interest -1,221 -1,869 -4,141 3,122
Net Income 184,082 -168,255 164,296 -884,011
Net Income Basic 176,582 -175,755 156,796 -891,511

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 184,082 -168,255 164,296 -884,011
Depreciation 323,983 322,926 322,925 316,776
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -829,685 1,014,229 -692,568 488,659
Cash Flow 354,272 134,700 266,139 -295,855
Capital Expenditures -402,136 -502,308 -962,254 -198,222
Investments -6,817 -910 151,041 338,842
Investing Activity (Other) -750,000 0 -143,666 -106,334
Total Investing Cash Flows -1,158,953 -503,218 -954,879 34,286
Dividends Paid -7,500 -7,500 -7,500 -7,500
Net Borrowings -17,504 1,390,247 3,672 890,523
Cash Flow Financing -25,004 1,382,747 -3,828 750,228
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Global Healthcare REIT, Inc.


Global Healthcare REIT owns healthcare properties and leases them to proven facility operators in the senior care industry. Portfolio consists of triple net leases generating predictable, recurring revenue streams across Southwest and South Atlantic with 1,100+ beds. Targeting acquisition of skilled nursing homes and assisted living facilities.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.4
0 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
Rating AFFO & Efficiency Section Avg. Rating
6 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.9
Rating Leverage Section Avg. Rating
1 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 4.9
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
5 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
3 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
7 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
3.9 Overall REITRating™ Score 6.5

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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