Global Medical REIT Inc. Board Declares 2022 First Quarter Common and Preferred Dividends

Rhea-AI Summary

Global Medical REIT (NYSE: GMRE) has announced its first quarter 2022 cash dividends for common and preferred stock. The common dividend is set at $0.21 per share, payable on April 8, 2022 to stockholders of record by March 25, 2022. Additionally, a quarterly dividend of $0.46875 per share will be paid on Series A Preferred Stock on May 2, 2022, for stockholders recorded by April 15, 2022. GMRE focuses on acquiring and leasing medical office facilities to leading healthcare providers.

Positive

• Declaring a common dividend of $0.21 per share indicates confidence in financial stability.
• The preferred dividend of $0.46875 shows solid cash flow for preferred stockholders.

Negative

• None.

BETHESDA, Md.--(BUSINESS WIRE)-- Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical office real estate investment trust (REIT) that acquires purpose-built healthcare facilities and leases those facilities to strong healthcare systems and physician groups with leading market share, announced today that its Board of Directors (“Board”) has declared the Company’s 2022 first quarter common and preferred dividends.

Common Dividend

The Board has declared the Company’s 2022 first quarter cash dividend of $0.21 per share of common stock and unit, which will be paid April 8, 2022 to common stockholders and unitholders of record as of March 25, 2022.

Series A Preferred Dividend

The Board has also declared a quarterly cash dividend of $0.46875 per share on its Series A Cumulative Redeemable Preferred Stock, $0.001 par value per share (the “Series A Preferred Stock”), which will be paid on May 2, 2022, to Series A Preferred stockholders of record as of April 15, 2022. This represents the Company’s quarterly dividend on its Series A Preferred Stock for the period from January 31, 2022 through April 29, 2022.

About Global Medical REIT Inc.

Global Medical REIT is a net-lease medical office REIT that acquires purpose-built specialized healthcare facilities and leases those facilities to strong healthcare systems and physician groups with leading market share. Additional information on GMRE can be obtained on its website at www.globalmedicalreit.com.

Forward-Looking Statements

This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company’s control, which could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties are described in greater detail in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the SEC on March 1, 2022, and elsewhere in the reports the Company has filed with the SEC. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The Company undertakes no obligation to update these statements after the date of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220311005123/en/

Investors:

Stephen Swett

Stephen.swett@icrinc.com

(203) 682-8377

Source: Global Medical REIT Inc.

FAQ

What is the dividend for GMRE for the first quarter of 2022?

GMRE declared a cash dividend of $0.21 per share for common stockholders and $0.46875 for Series A Preferred Stock.

When will GMRE's common dividend be paid?

The common dividend will be paid on April 8, 2022, to stockholders of record as of March 25, 2022.

When is the Series A Preferred dividend payment for GMRE?

The Series A Preferred dividend will be paid on May 2, 2022, to stockholders of record as of April 15, 2022.

How often does GMRE pay dividends?

GMRE typically pays dividends quarterly, as indicated by their recent announcements.

What does GMRE focus on as a business?

GMRE specializes in acquiring and leasing purpose-built medical office facilities to strong healthcare providers.