Global Medical REIT Inc. (NYSE:GMRE) Q1 2024 Earnings Call Transcript

So, on that second part of the question, a little hard of the gauge. I will say, though, that the facility is premier surgical facility in Beaumont. I mean it’s really arguably probably one of the best ones in town. And despite its age, I mean when you walk it, it feels brand-new. I mean it’s — it was a really nicely done project. So, not clear exactly what changes would need to be made, but that’s something that we’re in the process of trying to evaluate.

Wes Golladay: Okay. And then maybe one for Bob. There’s a — look at the sequential change in revenue, there was a $2 million uptick, was this largely due to variable rent?

Robert Kiernan: The sequential increase in rent. That would like yes, it would have been probably expense related versus anything from a base rent perspective. There really wasn’t any material change relative to base rent quarter-over-quarter.

Wes Golladay: Okay. Thanks for the time guys.

Operator: And ladies and gentlemen, this concludes today’s question-and-answer session and thus concludes today’s call. We thank you for joining Global Medical REIT’s first quarter 2024 earnings conference call. You may now disconnect. Take care.