Selectis Health Q1 FY26 returns to profit, posts net income $6.53 million
GLOBAL HEALTHCARE REIT INC
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- Selectis Health posted net income of $6.53 million, swinging from a net loss, as a $8.9 million gain on asset sales offset an operating loss that widened to $1.26 million.
- Revenue fell 32% to $7.29 million, due to the mid-January sale of two Georgia facilities; management fee revenue was $107,441 versus no revenue a year earlier.
- Interest expense rose 70% to $923,784 on higher rates and debt payoff-related fees, while income tax expense was $409,735 tied to the asset-sale gain.
- Gross proceeds from the two Georgia facility sales were $13.2 million during the quarter, with an additional $15.7 million received on May 1, 2026 from selling two more Georgia facilities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Selectis Health Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-024987), on May 22, 2026, and is solely responsible for the information contained therein.
