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Global Medical REIT discloses share sales in H2'18

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Global Medical REIT discloses share sales in H2'18

Global Medical REIT Inc. said it issued 662,415 common shares at an average price of $9.41 per share during the second half of 2018 through its at-the-market program, raising about $6.2 million of gross proceeds.

On Dec. 26, 2018, the healthcare-focused real estate investment trust issued 151,394 additional common shares and raised approximately $1.4 million from the partial exercise the underwriters' overallotment option under a public offering of 3.5 million shares of the company's common stock.

Stifel Nicolaus & Co. Inc. and BMO Capital Markets Corp. served as joint book-running managers for the offering.