Company: GMRE
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001104659-25-029872
Chunk: 68

Company: Global Medical REIT Inc.
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 68
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   |     | % Change in Net Income |     |      |     | % Change in AFFO |    |   |
| 2024 |     |                    |  -23 | % |     |                        |  -26 | % |     |                        | -69 | %    |     |                  | -2 | % |
| 2023 |     |                    |   16 | % |     |                        |   13 | % |     |                        |   9 | %    |     |                  | -7 | % |
| 2022 |     |                    | -156 | % |     |                        | -159 | % |     |                        |   9 | %    |     |                  |  3 | % |
| 2021 |     |                    |   90 | % |     |                        |   74 | % |     |                        |  59 | %    |     |                  |  8 | % |
| 2020 |     |                    |    3 | % |     |                        |   13 | % |     |                        |  20 | %(1) |     |                  | 17 | % |

| (1) | For comparative purposes, we added back the one-time management internalization expense of $14,005. Actual Net Income for 2020 was $(2,499). |

The following table provides a list of the most important financial measures that the Company used to measure NEO performance-based compensation for 2024:

| AFFO per share | Occupancy Rate | Debt-to-Assets (Leverage) Ratio |

See “Compensation, Discussion and Analysis—Summary of 2024 Compensation—Elements of Executive Compensation—Annual Incentive Plan,” for a more detailed description of how the financial measures above are used to measure NEO performance-based compensation for 2024.

53 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE OF CONTROL The following section describes potential payments and benefits to the NEOs under the Company’s compensation and benefit plans and arrangements upon termination of employment or a change of control of the Company. The Employment Agreements (with respect to Messrs. Busch, Kiernan and Leon) and Severance Plan (with respect to Mr. Barber and Mrs. Holley) provide for payments and other benefits if the NEO’s employment with us is terminated under circumstances specified in his/her respective Employment Agreement or Severance Plan. An NEO’s rights upon the termination of his