Global Medical REIT Inc. (NYSE:GMRE) Q2 2023 Earnings Call Transcript

Robert Stevenson: All right. That’s helpful. And then last one for me. I think earlier in the Q&A to a response to a question, Jeff said that there might be the capability of going above $90 million of dispositions. When you look at it, how much higher could you go the $90 million within the REIT rules before special dividends and other sort of things start having to factor into the decision? Is there much room above $90 million? How should we be thinking about that?

Robert Kiernan: You need to see how those transactions — from a REIT rule perspective, it would depend on how these transactions were structured relative to how much we could do above the $90 million. But I think in general, there is room. We don’t really foresee any issues from a distribution rule perspective. I think there’s other more narrow rules that we would have to look at. But the — in general, there is room above the $90 million that we would be able to manage, to the extent that we wanted to.

Jeffery Busch: I just want to add to that. My preference is not to sell, I like these assets. We do make a nice profit where we bought them. My preference is to keep assets if we can, and in market — there’s a stop in bad rating or there’s a timetable. You probably think it’s going to come down. We generally think the stock will go up, and we will be able to be buying . And I’d rather be using things like ATM and other and OP units to buy new assets and grow and bring down debt by leveraging less what I buy in the future. So that’s really where I’m looking to go as my preference. But we do have the optionality of selling at a profit.

Operator: Thank you. This concludes the question-and-answer session, and with that the conclusion of today’s call. Ladies and gentlemen, you may disconnect your lines at this time. Thank you for your participation, and have a wonderful day.