Global Medical REIT Inc. Announces Proposed Public Offering of Series B Preferred Stock

Core Points - Global Medical REIT Inc. has announced a public offering of its Series B Cumulative Redeemable Preferred Stock, subject to market conditions [1][2] - The company plans to use the net proceeds from this offering for general corporate purposes, which may include funding new acquisitions and repaying existing debt [1] - The Series B Preferred Stock is expected to be listed on the New York Stock Exchange under the ticker symbol "GMRE-PrB" [2] Offering Details - The offering is being conducted under the company's shelf registration statement, which was declared effective by the SEC on April 4, 2024 [3] - The underwriters will have a 30-day option to purchase additional shares to cover over-allotments [1] - Book-running managers for the offering include Raymond James, BMO Capital Markets, Stifel, and Baird [2] Company Overview - Global Medical REIT Inc. operates as a net-lease medical REIT, acquiring healthcare facilities and leasing them to physician groups and healthcare systems [5]