Global Medical Announces $50M Preferred Stock Offering at $25.00 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2025
0mins
Source: SeekingAlpha
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."
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
