Global Medical Announces $50M Preferred Stock Offering at $25.00 per Share
Public Offering Announcement: Global Medical REIT (GMRE) has priced an underwritten public offering of 2 million shares of its 8.00% Series B Cumulative Redeemable Preferred Stock, aiming to raise approximately $50 million before expenses.
Use of Proceeds: The net proceeds from the offering will be used for general corporate purposes, including funding new acquisitions and repaying existing debt.
Closing Date: The transaction is expected to close on November 20, 2025, with underwriters granted a 30-day option to purchase an additional 300,000 shares.
Stock Exchange Listing: GMRE plans to apply for the new Series B Preferred Stock to be listed on the New York Stock Exchange under the ticker symbol "GMRE PrB."
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Insider Buying Update for Tuesday, December 9: GMRE, PODD
CEO Purchase at Global Medical REIT: Mark Okey Decker Jr., CEO of Global Medical REIT, bought 10,000 shares at $32.51 each, totaling $325,100, and is currently up 7.3% based on recent trading highs.
Previous Investments by CEO: Decker Jr. has previously invested $1.58 million in GMRE over the past year, purchasing shares at an average price of $7.87.
Director Purchase at Insulet: Timothy C. Stonesifer, a director at Insulet, purchased 962 shares for $299,884 at $311.73 each, marking his first purchase in the last year.
Current Trading Status: Insulet shares are currently trading lower than Stonesifer's purchase price, with a recent low of $297.63, which is 4.5% below his buying price.
Global Medical REIT Announces $0.75 Dividend Payment
Quarterly Dividend Announcement: Global Medical REIT (GMRE) has declared a quarterly dividend of $0.75 per share, with a forward yield of 9.19%.
Dividend Payment Details: The dividend is payable on January 9, for shareholders of record on December 19, with an ex-dividend date also set for December 19.
Preferred Stock Offering: GMRE has priced a new preferred stock offering at $50 million, with shares priced at $25.00 each.
Market Activity: AEW Capital has exited six REITs in Q3 and initiated a position in American Tower, indicating shifts in investment strategies within the REIT sector.
