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Global Medical REIT Inc.
Q12023
5/4/2023
John Smith
Chief Executive Officer
the Fed really stops, you know, raising. Each time the Fed literally, there was a feeling that the Fed's going to stop raising and possibly bring it down. Our stock shot up several times. It happened historically, in the recent historically, shot up in towards the 11s and even towards the 12s not that long ago. So I think when we come back to a normal number, which will be there, we could get back into the buying, growing. But right now I want to reduce debt, reduce the floating debt, get our leverage in order. And when we start buying again, I like to buy for more equity than debt to keep us very focused on reducing our debt in the company going forward. So I want to have deals that are mostly equity out there and with some debt, but mostly equity at a higher percentage to keep Keep reducing the debt.
Rob Thompson
Sell‐Side Analyst
Okay. That's helpful. And then, Bob, if I'm looking at it and doing my math correctly, I think your line's at SOFR plus 150. So call it six and a quarter, six and a half, depending on the day, which is roughly in line where the expected disposition proceeds are being. So there shouldn't be really any sort of earnings impact from the dispositions at this point?
Bob Johnson
Chief Financial Officer
That's fair, Rob. Yes.
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