Global Medical REIT invested $253.5 million in 18 high-quality, medical facility acquisitions during 2019. Rental revenue for the fourth quarter of 2019 increased 42.1% period-over-period to $20.4 million.
Invested $253.5 million in 18 high-quality, medical facility acquisitions, that position the company for long-term growth.
Achieved a weighted average cap rate of 7.5% for acquisitions.
Grew enterprise value to $1.1 billion with stockholders’ equity of more than $500 million.
Portfolio was 99.8% occupied and comprised of 2.8 million leasable square feet with an annual base rent of $70.4 million as of December 31, 2019.
The company is excited about its prospects as it looks ahead, with a large and active pipeline.
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