v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Investment in real estate:    
Land $ 145,424 $ 128,857
Building 931,510 851,427
Site improvements 17,011 15,183
Tenant improvements 53,730 49,204
Acquired lease intangible assets 112,649 98,234
Investment in real estate, Total 1,260,324 1,142,905
Less: accumulated depreciation and amortization (117,720) (94,462)
Investment in real estate, net 1,142,604 1,048,443
Cash and cash equivalents 5,821 5,507
Restricted cash 6,549 5,246
Tenant receivables, net 4,886 5,596
Due from related parties 265 103
Escrow deposits 5,531 4,817
Deferred assets 23,050 20,272
Derivative asset 137  
Goodwill 5,903 5,903
Other assets 5,219 5,019
Total assets 1,199,965 1,100,906
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $8,960 and $3,559 at June 30, 2021 and December 31, 2020, respectively 442,140 521,641
Notes payable, net of unamortized debt issuance costs of $706 and $835 at June 30, 2021 and December 31, 2020, respectively 64,620 64,937
Accounts payable and accrued expenses 8,080 7,279
Dividends payable 15,251 12,470
Security deposits and other 4,385 4,340
Due to related party 0 0
Derivative liability 13,814 18,086
Other liability 5,983 6,171
Acquired lease intangible liability, net 8,437 8,222
Total liabilities 562,710 643,146
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at June 30, 2021 and December 31, 2020, respectively (liquidation preference of $77,625 at June 30, 2021 and December 31, 2020, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 64,197 shares and 49,461 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 64 49
Additional paid-in capital 700,038 504,789
Accumulated deficit (138,088) (116,773)
Accumulated other comprehensive loss (13,784) (18,219)
Total Global Medical REIT Inc. stockholders' equity 623,189 444,805
Noncontrolling interest 14,066 12,955
Total equity 637,255 457,760
Total liabilities and equity $ 1,199,965 $ 1,100,906

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