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: 5.0

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. Learn More


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Dividend History [Dividends Currently Suspended]


Below are the most recent cash dividends paid by GBCS, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


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 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 1,628,868 614,639 1,307,207 0
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 0 162,006 0
Long-term Investments 13,044 12,134 100 307,895
Property, Plant & Equipment Net 36,703,856 36,524,474 35,885,145 36,003,699
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 1,082,240 902,400 774,730 640,160
Net Tangible Assets 1,338,796 1,390,101 1,182,776 1,685,791
Total Assets 39,953,223 38,489,309 38,295,887 37,863,493
Accounts Payable 0 0 0 0
Liabilities (Other) 771,080 682,470 714,950 1,101,590
Current Liabilities (Other) 7,500 7,500 7,500 7,500
Total Current Liabilities 0 0 0 0
Current Long-term Debt 19,616,517 19,659,755 19,681,716 24,644,948
Long-term Debt 18,431,019 16,959,302 16,914,625 10,632,468
Total Liabilities 38,818,619 37,301,531 37,311,293 36,379,006
Minority Interest -1,869 -4,141 3,122 948
Common Stock 1,367,507 1,353,870 1,340,234 1,363,141
Retained Earnings -11,089,565 -10,913,810 -11,070,606 -10,179,095
Treasury Stock 0 0 0 0
Capital Surplus 10,284,854 10,174,041 10,137,148 9,725,745
Shareholder Equity 1,338,796 1,390,101 1,182,776 1,685,791

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 1,614,424 1,276,148 1,024,167 885,013
Cost of Revenue 866,757 672,113 661,490 541,124
Gross Profit 747,667 604,035 362,677 343,889
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 1,244,114 865,592 1,073,020 728,159
Operating Income 372,970 410,660 -48,850 172,820
Income Expense Net (Other) -543,094 -250,505 -832,039 -590,860
EBIT 372,970 410,660 -48,850 172,820
Interest Income 544,625 526,235 354,591 590,514
Pretax Income -170,124 160,155 -880,889 -418,040
Income Tax 0 0 0 0
Minority Interest -1,869 -4,141 3,122 948
Net Income -168,255 164,296 -884,011 -418,988
Net Income Basic -175,755 156,796 -891,511 -426,488

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income -168,255 164,296 -884,011 -418,988
Depreciation 322,926 322,925 316,776 322,986
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 1,014,229 -692,568 488,659 -16,923
Cash Flow 134,700 266,139 -295,855 130,444
Capital Expenditures -502,308 -962,254 -198,222 -2,030
Investments -910 151,041 338,842 0
Investing Activity (Other) 0 -143,666 -106,334 0
Total Investing Cash Flows -503,218 -954,879 34,286 -2,030
Dividends Paid -7,500 -7,500 -7,500 -7,500
Net Borrowings 1,390,247 3,672 890,523 -137,837
Cash Flow Financing 1,382,747 -3,828 750,228 -145,337
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. 5.3
6 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
Rating Leverage Section Avg. Rating
5 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
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. 7.0
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.2
Rating Properties Section Avg. Rating
5.0 Overall REITRating™ Score 6.6

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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