Global Medical REIT, Inc. Announces Initial Cash Dividend of $0.20 Per Share

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BETHESDA, Md.--(BUSINESS WIRE)-- Global Medical REIT, Inc. (NYSE:GMRE) (“GMR” or “the Company”), a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to leading clinical operators with dominant market share, today announced that its Board of Directors authorized a $0.20 per share cash dividend to stockholders of record as of September 27, 2016, to be paid on or about October 11, 2016.

Commenting on the announcement, CEO David Young said, “Our initial quarterly dividend represents GMR’s first dividend since the closing of our IPO in July. Initiating a quarterly dividend was a top priority for the Company. We look forward to growing our portfolio of properties and passing the economic benefits on to our stockholders through future quarterly dividends.”

This dividend represents the Company’s third quarter 2016 dividend payment to its stockholders.

About Global Medical REIT Inc.
Global Medical REIT Inc. is a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to leading clinical operators with dominant market share. The Company intends to produce increasing, reliable rental revenue by expanding its portfolio, and leasing each of its healthcare facilities to a single market-leading operator under a long-term triple-net lease. The Company’s management team has significant healthcare, real estate and public real estate investment trust, or REIT, experience and has long-established relationships with a wide range of healthcare providers. The Company intends to elect to be taxed as a REIT for U.S. federal income tax purposes, commencing with our taxable year ended December 31, 2016.

Investor Relations Counsel
The Equity Group Inc.
Jeremy Hellman, 212-836-9626
Senior Associate
jhellman@equityny.com
or
Adam Prior, 212-836-9606
Senior Vice President
aprior@equityny.com

Source: Global Medical REIT, Inc.

Released September 14, 2016