Global Medical REIT Inc. Board Declares 2024 Third Quarter Common and Preferred Dividends

Rhea-AI Summary

Global Medical REIT Inc. (NYSE: GMRE), a net-lease medical REIT, has announced its 2024 third quarter dividends. The Board of Directors declared a common stock dividend of $0.21 per share, payable on October 8, 2024, to stockholders of record as of September 20, 2024. Additionally, a quarterly cash dividend of $0.46875 per share was declared on its Series A Cumulative Redeemable Preferred Stock, to be paid on October 31, 2024, to preferred stockholders of record as of October 15, 2024. This preferred dividend covers the period from July 31, 2024, through October 30, 2024.

Positive

• Consistent dividend payments for both common and preferred stockholders
• Maintenance of dividend levels, indicating financial stability

Negative

• None.

BETHESDA, Md.--(BUSINESS WIRE)-- Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical 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 2024 third quarter common and preferred dividends.

Common Dividend

The Board has declared the Company’s 2024 third quarter cash dividend of $0.21 per share of common stock and unit, which will be paid October 8, 2024 to common stockholders and unitholders of record as of September 20, 2024.

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

About Global Medical REIT Inc.

Global Medical REIT Inc. is a net-lease medical 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/20240905751295/en/

Investors:

Stephen Swett

Stephen.swett@icrinc.com

(203) 682-8377

Source: Global Medical REIT Inc.

FAQ

What is the amount of GMRE's 2024 third quarter common stock dividend?

Global Medical REIT Inc. (GMRE) declared a common stock dividend of $0.21 per share for the 2024 third quarter.

When will GMRE pay its 2024 third quarter common dividend?

GMRE will pay its 2024 third quarter common dividend on October 8, 2024, to stockholders of record as of September 20, 2024.

What is the dividend amount for GMRE's Series A Preferred Stock in Q3 2024?

GMRE declared a quarterly cash dividend of $0.46875 per share on its Series A Cumulative Redeemable Preferred Stock for Q3 2024.

When is the payment date for GMRE's Series A Preferred Stock dividend?

The Series A Preferred Stock dividend will be paid on October 31, 2024, to preferred stockholders of record as of October 15, 2024.