04:24 AM EST, 11/14/2025 (MT Newswires) -- Global Medical REIT ( GMRE ) said Thursday that it has priced a public offering of 2 million shares of its 8% series B cumulative redeemable preferred stock at an initial liquidation preference of $25.00 per share.

The offering is expected to close on Nov. 20.

The company said it expects to receive gross proceeds of around $50 million.

The company said it has also granted underwriters a 30-day option to purchase up to an additional 300,000 shares.

The company said it plans to use net proceeds for general corporate purposes.