Global Medical REIT Inc. Board Declares 2023 Fourth Quarter Common and Preferred Dividends

Rhea-AI Summary

Global Medical REIT Inc. (NYSE: GMRE) declares 2023 fourth quarter dividends. $0.21 per share for common stock and unit, $0.46875 per share for Series A Preferred Stock.

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 healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems, announced today that its Board of Directors (“Board”) has declared the Company’s 2023 fourth quarter common and preferred dividends.

Common Dividend

The Board has declared the Company’s 2023 fourth quarter cash dividend of $0.21 per share of common stock and unit, which will be paid January 9, 2024 to common stockholders and unitholders of record as of December 27, 2023.

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 January 31, 2024, to Series A Preferred stockholders of record as of January 15, 2024. This represents the Company’s quarterly dividend on its Series A Preferred Stock for the period from October 31, 2023 through January 30, 2024.

About Global Medical REIT Inc.

Global Medical REIT Inc. is a net-lease medical office REIT that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems. Additional information on GMRE can be obtained on its website at www.globalmedicalreit.com.

Forward-Looking Statements

Certain statements contained herein may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and it is the Company’s intent that any such statements be protected by the safe harbor created thereby. These forward-looking statements are identified by their use of terms and phrases such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "plan," "predict," "project," "will," "continue" and other similar terms and phrases, including references to assumptions and forecasts of future results. Except for historical information, the statements set forth herein including, but not limited to, any statements regarding our earnings, our liquidity, our tenants’ ability to pay rent to us, expected financial performance (including future cash flows associated with new tenants or the expansion of current properties), future dividends or other financial items; any other statements concerning our plans, strategies, objectives and expectations for future operations and future portfolio occupancy rates, our pipeline of acquisition opportunities and expected acquisition activity, including the timing and/or successful completion of any acquisitions and expected rent receipts on these properties, our expected disposition activity, including the timing and/or successful completion of any dispositions and the expected use of proceeds therefrom, and any statements regarding future economic conditions or performance are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although the Company believes that the expectations, estimates and assumptions reflected in its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of the Company’s forward-looking statements. Additional information concerning us and our business, including additional factors that could materially and adversely affect our financial results, include, without limitation, the risks described under Part I, Item 1A - Risk Factors, in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, and in our other filings with the SEC. You are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and undertakes no obligation, to update any forward-looking statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231212799261/en/

Investors:

Stephen Swett

Stephen.swett@icrinc.com

(203) 682-8377

Source: Global Medical REIT Inc.

FAQ

What is the ticker symbol for Global Medical REIT Inc.?

The ticker symbol for Global Medical REIT Inc. is GMRE.

What dividends were declared for Global Medical REIT Inc. in the 2023 fourth quarter?

The Company declared a $0.21 per share dividend for common stock and unit, and a $0.46875 per share dividend for Series A Preferred Stock.

When will the dividends be paid for Global Medical REIT Inc.?

The common stock and unit dividends will be paid on January 9, 2024, and the Series A Preferred Stock dividends will be paid on January 31, 2024.

Who is the Board of Directors for Global Medical REIT Inc.?

The Board of Directors for Global Medical REIT Inc. declared the 2023 fourth quarter dividends.

What type of company is Global Medical REIT Inc.?

Global Medical REIT Inc. is a net-lease medical office real estate investment trust (REIT) that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems.