Global Medical REIT Inc.

Greetings. Welcome to the Global Medical REIT fourth quarter 2020 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Evelyn Inferna. You may begin.

Thank you, operator. Good morning, everyone, and welcome to Global Medical REIT. fourth quarter and year-end 2020 earnings conference call. On the call today, we have Jeff Bush, Chief Executive Officer, Alfonso Leon, Chief Investment Officer, and Bob Kiernan, Chief Financial Officer. Please note the use of forward-looking statements by the company on this conference call. Statements made on this call may include statements which are not historical facts and are considered forward-looking, including statements related to the COVID-19 pandemic, and its effect on our tenants' business. The company intends these forward-looking statements to be covered by safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is making the statement for the purpose of complying with those safe harbor provisions. Furthermore, actual results may differ materially from those described in forward-looking statements and will be affected by a variety of risks and factors that are beyond the company's control, including without limitation those contained in the company's 10-K for the year-ended December 31, 2020, which will be filed on or about March 8, 2021, and its other Security and Exchange Commission filings. The company assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, on this conference call, the company may refer to non-GAAP financial measures, such as funds from operations and adjusted funds from operations. You can find a tabular reconciliation of these non-GAAP financial measures to most currently comparable GAAP numbers in the company's earnings release and its filings with the Securities and Exchange Commission. Additional information may be found on the investor relations page of the company's website at www.globalmedicalread.com. I'd like to turn the call over to Jeff Bush, Chief Executive Officer of Global Medical Read. Go ahead, Jeff.

Thank you, Evelyn. Good morning, and thank you for joining our fourth quarter and year-end 2020 earnings call. Joining me today are Alfonso Leone, our Chief Investment Officer, and Bob Kiernan, our Chief Financial Officer. We hope that everyone continues to stay healthy and is doing well. 2020 was a challenging year in many ways, but our company fared very well. GMRE was founded with a vision to create a resilient, high-quality portfolio of medical facilities aligned with the strongest operators and health care systems in their local markets, with the expectation that these properties would generate stable revenue in return for our investors. The challenge of 2020 tested our investment thesis, and we are pleased that our portfolio delivered another quarter and another full year of solid performance. During the year, we completed our management internalization, 226 million of acquisitions at a 7.8% weighted average cap rate and reached a milestone of over $1 billion in real estate investments. With respect to earnings, year over year, we grew our quarterly AFFO per share by by 14.3% to 24 cents, and our annual AFFO per share by 17% to 88 cents. Finally, based in part on our AFFO growth, yesterday our Board of Directors approved a half-cent increase in our first quarter dividend, which is the first increase in our dividend since our IPO. Overall, we could not be more pleased with the performance of our portfolio and the resiliency of our tenant base and the dedication of the GMRE team. I would like to thank our entire team for their hard work and focus in helping us reach the milestone we did in 2020. We are proud of what we accomplished in a particularly challenging year, and we look forward to the continued success of executing on our growth plan in 2021. With that, I'd like to turn the call over to Alfonso to discuss our acquisition activity.