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GBCS Global Healthcare Reit

Global Healthcare REIT Inc. (“Global” or “we” or the “Company”) was organized for the purpose of investing in real estate related to the long-term care industry. Prior to the Company changing its name to Global Healthcare REIT Inc. on September 30, 2013, the Company was known as Global Casinos Inc. Global Casinos Inc. operated two gaming casinos which were split-off and sold on September 30, 2013. Simultaneous with the split-off and sale of the gaming operations, the Company acquired West Paces Ferry Healthcare REIT Inc. (WPF). WPF was merged into the Company in 2019.

Company profile

Ticker
GBCS
Exchange
CEO
Lance Jason Baller
Employees
Incorporated
Location
Fiscal year end
Sector
Former names
GLOBAL CASINOS INC
SEC CIK
IRS number
870340206

GBCS stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

31 Mar 21
21 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.98M 3.98M 3.98M 3.98M 3.98M 3.98M
Cash burn (monthly) 259.05K (positive/no burn) (positive/no burn) (positive/no burn) 57.69K (positive/no burn)
Cash used (since last report) 958.96K n/a n/a n/a 213.56K n/a
Cash remaining 3.02M n/a n/a n/a 3.76M n/a
Runway (months of cash) 11.7 n/a n/a n/a 65.3 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Dec 19 Neuman Clifford L Esq Common Stock Gift Dispose G No No 0 90,000 0 862,974

Financial report summary

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Management Discussion
  • Rental revenue for the year ended December 31, 2020 totaled $2,112,459, compared to $3,267,644 for the year ended December 31, 2019, a decrease of $1,155,185. The Company also had Healthcare revenue of $18,816,239 for the year end December 31, 2020, an increase of $15,153,895, compared to $3,662,344 for the year ended December 31, 2019. Factors that contributed to the decrease in rental revenue included the appointment of a receivership at Eastman as well as the closure of Edwards Redeemer. Also, the Southern Tulsa facility is operated directly by the Company as of December 1, 2019, increasing healthcare revenues but decreasing rental revenues. The acquisitions of the Higher Call Nursing Center on March 2, 2020 along with the Company assuming direct operation of the Eastman facility as of July 1, 2020 also increased healthcare revenues. The acquisition of the Fairland Family Care Center on December 31, 2020 did not contribute to revenues in 2020. Looking forward, we anticipate growing the rental revenue at the Southern Hills ILF facility in 2021 and beyond, but the shift toward healthcare revenue will continue as we operate more facilities directly.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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