Global Medical REIT Inc.

Greetings and welcome to the Global Medical REIT fourth quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during today's conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn this conference over to your host, Mr. Steve Sweat, Investor Relations. Thank you, sir. You may begin your presentation.

Thank you. Good morning, everyone, and welcome to Global Medical REIT's fourth quarter and year-end 2021 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. The company intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is making this statement for purpose of complying with those safe harbor provisions. Furthermore, actual results may differ materially from those described in the 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, and its other SEC filings. The company assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, on this call, the company may refer to certain non-GAAP financial measures, such as funds from operations, adjusted funds from operations, EBITRE, and adjusted EBITRE. You can find a tabular reconciliation of these non-GAAP financial measures to the most currently comparable GAAP numbers in the company's earnings release and in filings with the SEC. Additional information may be found on the investor relations page of the company's website at www.globalmedicalreit.com. I would now like to turn the call over to Jeff Bush, Chief Executive Officer of Global Medical Reit. Jeff?

Thank you, Steve. Good morning, and thank you for joining our fourth quarter and year-end 2021 earnings conference call. Joining me today are Alfonso Leon, our Chief Investment Officer, and Bob Kieran, our Chief Financial Officer. GMRE was founded with a vision to create a resilient, high-quality portfolio of medical facilities aligned with strong operators and healthcare systems in their local markets. We expect to generate stable revenues in return for our investors through these properties and are pleased to deliver to you another solid quarter and full year of growth and performance. Looking at the full year, primarily driven by our acquisition activity, we increased our total annual revenue approximately 24% year-over-year to $115.9 million. With respect to earnings, we reported net income attributable to common stockholders of $11.8 million, or $0.19 per share. FFO of $0.90 per share and unit and AFFO of 95 cents per share and unit. After fortifying our balance sheet and liquidity early in the year and reducing our leverage below 45%, we remained disciplined in our approach to identifying acquisition opportunities that met our investment criteria and targeted return requirements. In the fourth quarter, we completed four acquisitions for $25.9 million, bringing our full year acquisition volume to $189 million at a 7.5% weighted average cap rate. In the fourth quarter, we funded a $6.8 million expansion of our Mercy Rehabilitation Hospital property in Oklahoma City that is expected to generate a return of 11.8%. In total, we invested $196 million in revenue generating real estate investments during 2021 at a weighted average cap rate of 7.6%. Alfonso will provide details in a moment, but I want to note that our portfolio exceeds $1.3 billion in total assets and produces over $103 million in total annualized base rent at an average cap rate of approximately 7.8%. In addition to these achievements, we recently issued our first corporate social responsibility report, which details our ESG philosophy and accomplishments. and we look forward to continuing and expanding our ESG efforts in the future. I am proud of the team's dedication and accomplishments during 2021 and would like to thank them for their unwavering efforts throughout the year. I am excited at what lies ahead in 2022 as we focus on the opportunities in front of us to continue our accretive growth into the future. With that, I'd like to turn the call over to Alfonso to discuss our investment activity in more detail. Alfonso?