Global Medical REIT Management

Management criteria checks 2/4

Global Medical REIT's CEO is Jeff Busch, appointed in Aug 2015, has a tenure of 9.25 years. total yearly compensation is $2.18M, comprised of 32.1% salary and 67.9% bonuses, including company stock and options. directly owns 0.065% of the company’s shares, worth €364.15K. The average tenure of the management team and the board of directors is 8.7 years and 8.7 years respectively.

Key information

Jeff Busch

Chief executive officer

US$2.2m

Total compensation

CEO salary percentage	32.1%
CEO tenure	9.3yrs
CEO ownership	0.07%
Management average tenure	8.7yrs
Board average tenure	8.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeff Busch's remuneration changed compared to Global Medical REIT's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$1m
Jun 30 2024	n/a	n/a	-US$56k
Mar 31 2024	n/a	n/a	US$15m
Dec 31 2023	US$2m	US$700k	US$15m
Sep 30 2023	n/a	n/a	US$16m
Jun 30 2023	n/a	n/a	US$21m
Mar 31 2023	n/a	n/a	US$11m
Dec 31 2022	US$2m	US$650k	US$13m
Sep 30 2022	n/a	n/a	US$17m
Jun 30 2022	n/a	n/a	US$12m
Mar 31 2022	n/a	n/a	US$13m
Dec 31 2021	US$2m	US$600k	US$12m
Sep 30 2021	n/a	n/a	US$9m
Jun 30 2021	n/a	n/a	-US$5m
Mar 31 2021	n/a	n/a	-US$7m
Dec 31 2020	US$3m	US$298k	-US$8m
Sep 30 2020	n/a	n/a	-US$8m
Jun 30 2020	n/a	n/a	US$3m
Mar 31 2020	n/a	n/a	US$4m
Dec 31 2019	US$455k	n/a	US$3m
Sep 30 2019	n/a	n/a	US$9m
Jun 30 2019	n/a	n/a	US$9m
Mar 31 2019	n/a	n/a	US$8m
Dec 31 2018	US$396k	n/a	US$8m
Sep 30 2018	n/a	n/a	US$440k
Jun 30 2018	n/a	n/a	US$535k
Mar 31 2018	n/a	n/a	-US$23k
Dec 31 2017	US$673k	n/a	-US$2m

Compensation vs Market: Jeff's total compensation ($USD2.18M) is above average for companies of similar size in the German market ($USD1.05M).

Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.

CEO

Jeff Busch (64 yo)

9.3yrs

Tenure

US$2,181,100

Compensation

Mr. Jeffrey M. Busch, also known as Jeff, is Director of IMAC Holdings, Inc. from September 19, 2024. Mr. Busch is Chairman of the Board at Theralink Technologies, Inc. (formerly known as OncBioMune Pharma...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jeffrey Busch	Chairman	9.3yrs	US$2.18m	0.065% € 364.2k
Robert Kiernan	CFO & Treasurer	7.3yrs	US$1.41m	0% € 0
Danica Holley	Chief Operating Officer	8.7yrs	US$935.78k	0.00075% € 4.2k
Alfonzo Leon	Chief Investment Officer	9.3yrs	US$1.34m	0% € 0
Jamie Barber	General Counsel & Corporate Secretary	7.5yrs	US$872.70k	0% € 0
Mary Jensen	Investor Relations Professional	no data	no data	no data

8.7yrs

Average Tenure

51yo

Average Age

Experienced Management: 3UN's management team is seasoned and experienced (8.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jeffrey Busch	Chairman	10.2yrs	US$2.18m	0.065% € 364.2k
Ronald Marston	Independent Director	9.3yrs	US$155.71k	0.012% € 65.6k
Henry Cole	Lead Independent Director	9.3yrs	US$183.21k	0.012% € 64.7k
Paula Crowley	Independent Director	6.4yrs	US$177.77k	0% € 0
Lori Wittman	Independent Director	6.5yrs	US$203.10k	0% € 0
Matthew Cypher	Independent Director	8.7yrs	US$153.48k	0% € 0
Huiqi Zhang	Director	8.7yrs	no data	0% € 0

8.7yrs

Average Tenure

65yo

Average Age

Experienced Board: 3UN's board of directors are considered experienced (8.7 years average tenure).

Global Medical REIT Management

Management criteria checks 2/4

Key information

Recent management updates

Global Medical REIT Inc., Annual General Meeting, May 15, 2024

Global Medical REIT Inc. Announces Retirement of Roscoe Moore, Jr. as Director

Insufficient new directors

Insufficient new directors

Global Medical REIT Inc., Annual General Meeting, May 11, 2022

Recent updates

Third quarter 2024 earnings released: EPS: US$0.027 (vs US$0.048 in 3Q 2023)

Global Medical REIT Inc. to Report Q3, 2024 Results on Nov 06, 2024

Second quarter dividend of US$0.21 announced

Second quarter 2024 earnings released: US$0.048 loss per share (vs US$0.18 profit in 2Q 2023)

Global Medical REIT Inc. to Report Q2, 2024 Results on Aug 06, 2024

First quarter dividend of US$0.21 announced

Global Medical REIT Inc. Declares 2024 Second Quarter Common Dividend, Payable on July 9, 2024

First quarter 2024 earnings released: EPS: US$0.012 (vs US$0.01 in 1Q 2023)

Global Medical REIT Inc. to Report Q1, 2024 Results on May 07, 2024

Upcoming dividend of US$0.21 per share

Fourth quarter dividend of US$0.21 announced

Global Medical REIT Inc. Declares Cash Dividend for the First Quarter 2024, Payable on April 9, 2024

Full year 2023 earnings released: FFO per share: US$0.9 (vs US$0.98 in FY 2022)

Global Medical REIT Inc., Annual General Meeting, May 15, 2024

Global Medical REIT Inc. to Report Q4, 2023 Results on Feb 27, 2024

Global Medical REIT Inc. has filed a Follow-on Equity Offering in the amount of $300 million.

Upcoming dividend of US$0.21 per share at 7.7% yield

Global Medical REIT Inc. Declares 2023 Fourth Quarter Common Stock Dividend, Payable on January 9, 2024

Third quarter 2023 earnings released: EPS: US$0.048 (vs US$0.12 in 3Q 2022)

Global Medical REIT Inc. to Report Q3, 2023 Results on Nov 06, 2023

Upcoming dividend of US$0.21 per share at 8.8% yield

Global Medical Reit Inc. Declares the Cash Dividend for Third Quarter 2023 ,Payable on October 10, 2023

Second quarter 2023 earnings released: EPS: US$0.18 (vs US$0.034 in 2Q 2022)

An unknown buyer acquired Medical office building located in North Charleston, South Carolina from Global Medical REIT Inc. (NYSE:GMRE) for $10.1 million.

Global Medical REIT Inc. to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of US$0.21 per share at 8.9% yield

Global Medical REIT Inc. Announces 2023 Second Quarter Common Dividend, Payable on July 11, 2023

An unknown buyer acquired One medical office building located in Jacksonville, Florida from Global Medical REIT Inc. (NYSE:GMRE) for $4.4 million .

First quarter 2023 earnings released: FFO per share: US$0.2 (vs US$0.25 in 1Q 2022)

Upcoming dividend of US$0.21 per share at 8.9% yield

Full year 2022 earnings released: FFO per share: US$1.0 (vs US$0.96 in FY 2021)

Global Medical REIT Inc. to Report Q4, 2022 Results on Feb 28, 2023

Global Medical REIT Inc. Announces Retirement of Roscoe Moore, Jr. as Director

Upcoming dividend of US$0.21 per share

Global Medical REIT Inc. Declares Fourth Quarter Common Dividends, Payable on January 31, 2023

Insufficient new directors

Third quarter 2022 earnings released: FFO per share: US$0.2 (vs US$0.28 in 3Q 2021)

Global Medical REIT Inc. to Report Q3, 2022 Results on Nov 02, 2022

Upcoming dividend of US$0.21 per share

Global Medical REIT Inc. Board Declares 2022 Third Quarter Common Dividend, to Be Paid October 11, 2022

Second quarter 2022 earnings released: EPS: US$0.034 (vs US$0.042 in 2Q 2021)

An unknown buyer acquired Medical Office Building in Germantown, Tennessee from Global Medical REIT Inc. (NYSE:GMRE).

Global Medical REIT Inc. to Report Q2, 2022 Results on Aug 03, 2022

Upcoming dividend of US$0.21 per share

Investor sentiment deteriorated over the past week

Global Medical REIT Inc Declares Dividend for the Second Quarter of 2022, Payable on July 8, 2022

Global Medical REIT Inc Declares Dividend for the Second Quarter of 2022, Payable on July 8, 2022

Global Medical REIT Inc. (NYSE:GMRE) acquired Prosperity Plaza from The Tomares Companies for $21 million.

First quarter 2022 earnings released: FFO: US$31.9m per share (vs US$0.26 in 1Q 2021)

Insufficient new directors

Global Medical REIT Inc. to Report Q1, 2022 Results on May 04, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Global Medical REIT Inc. (NYSE:GMRE) acquired Sherwood Park MOB for $5.1 million.

Global Medical REIT Inc., Annual General Meeting, May 11, 2022

Global Medical REIT Inc. to Report Q4, 2021 Results on Feb 28, 2022

Upcoming dividend of US$0.20 per share

Third quarter 2021 earnings released: EPS US$0.057 (vs US$0.22 loss in 3Q 2020)

Upcoming dividend of US$0.20 per share

Second quarter 2021 earnings released: EPS US$0.042 (vs US$0.004 in 2Q 2020)

Upcoming dividend of US$0.20 per share

Director Jingguo Zhang has left the company

First quarter 2021 earnings released: EPS US$0.033 (vs US$0.028 in 1Q 2020)

Global Medical REIT Inc. (NYSE:GMRE) acquired 61,995 Square Foot Medical Complex at 605-625 Demers Ave. in East Grand Forks for $9.6 million.

Global Medical REIT Inc. has completed a Follow-on Equity Offering in the amount of $99.75 million.

Upcoming Dividend of US$0.20 Per Share

New 90-day high: €11.68

Full year 2020 earnings released: FFO US$0.60 per share (vs US$0.84 in FY 2019)

Revenue misses expectations

Global Medical REIT Inc. to Report Q4, 2020 Results on Mar 03, 2021

New 90-day low: €10.11