Global Medical - GMRE STOCK NEWS

Global Medical REIT Inc. (NYSE: GMRE) recently updated its shareholders on the federal income tax treatment of the dividends paid in 2022. The relevant information has been made available on the Company's website. Shareholders are advised to review their 2022 Forms 1099 and consult with tax advisors regarding their specific tax implications. GMRE is a net-lease medical office REIT that focuses on acquiring specialized healthcare facilities and leasing them to major healthcare systems and physician groups.

Global Medical REIT (NYSE: GMRE) announced that Pipeline Health will assume its leases at the White Rock Medical Center in Dallas as part of its bankruptcy reorganization. The new lease structure will not affect cash rents, rental rates per square foot, or lease terms. Proposed amendments allow GMRE to provide up to $3.8 million for capital expenditures, with $3.1 million expected to increase future rents. Pipeline must also pay any pre-petition rents owed as of October 2022. The outcome of this bankruptcy process is seen as favorable for GMRE, reinforcing its investment strategy in the Dallas market.

Global Medical REIT Inc. (NYSE: GMRE) announced its fourth-quarter 2022 dividends, declaring a cash dividend of $0.21 per common share, payable on January 9, 2023, to shareholders of record as of December 22, 2022. Additionally, a quarterly cash dividend of $0.46875 per share on its Series A Preferred Stock will be paid on January 31, 2023, to preferred stockholders of record as of January 15, 2023. This announcement signals the company's ongoing commitment to returning value to its shareholders.

Global Medical REIT Inc. (NYSE: GMRE) invested $51 million in medical real estate during Q3 2022, raising its total investments to $149 million for the year. The company achieved a net income of $8.1 million ($0.12 per diluted share), up from $3.7 million ($0.06) YoY. Revenue increased 18.1% to $35.4 million, driven by acquisitions. The company secured a $150 million term loan, locking in 80% of its debt at fixed rates. Occupancy stands at 97%, reflecting portfolio strength. Dividends for the third quarter were declared at $0.21 per share.

Global Medical REIT Inc. (NYSE: GMRE) announced it will release its third quarter 2022 financial results on November 2, 2022, after the market closes. A conference call to discuss these results is scheduled for November 3, 2022, at 9:00 a.m. Eastern Time. The call will feature key executives including Jeffrey Busch, Robert Kiernan, and Alfonzo Leon. Investors can access the call via a live webcast or by dialing in. Replay options will be available post-call.

Global Medical REIT (NYSE: GMRE) has declared its 2022 third quarter cash dividend of $0.21 per share for common stock, payable on October 11, 2022. The ex-dividend date is September 23, 2022. Additionally, a cash dividend of $0.46875 per share on its Series A Preferred Stock is scheduled for payment on October 31, 2022, with a record date of October 15, 2022. GMRE focuses on acquiring specialized healthcare facilities and leasing them to prominent healthcare systems.

Global Medical REIT (NYSE: GMRE) reported a net income of $2.2 million or $0.03 per diluted share for Q2 2022, down from $2.6 million or $0.04 per diluted share year-on-year. Funds from Operations (FFO) rose to $16.4 million ($0.24/share), up from $14.1 million ($0.22/share) in Q2 2021. Total revenue increased by 19.2% to $33.7 million due to acquisition activity. The company acquired properties worth $74 million and amended its credit facility to add a $150 million term loan. As of June 30, 2022, portfolio occupancy stood at 96.5%. The company declared a dividend of $0.21 per share for Q2 2022.

Global Medical REIT Inc. (NYSE: GMRE) plans to release its Q2 2022 financial results after market close on August 3, 2022. A conference call to discuss the results will occur on August 4, 2022, at 9:00 a.m. ET. Key executives including Chairman Jeffrey Busch and CFO Robert Kiernan will host the call. Interested parties can access the call via webcast or through a dial-in number. A replay will be available starting at 12:00 p.m. ET on August 4 until midnight on August 18, 2022.

Global Medical REIT (NYSE: GMRE) announced the declaration of its second-quarter dividends for 2022. Shareholders will receive a cash dividend of $0.21 per share of common stock on July 8, 2022, with a record date of June 24, 2022. The Series A Preferred Dividend is set at $0.46875 per share, payable on August 1, 2022, with a record date of July 15, 2022. This reflects the company's ongoing commitment to reward its investors.