v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Investment in real estate:    
Land $ 173,123,000 $ 174,300,000
Building 1,095,324,000 1,044,019,000
Site improvements 24,966,000 23,973,000
Tenant improvements 80,019,000 69,679,000
Acquired lease intangible assets 147,376,000 138,945,000
Investment in real estate, Total 1,520,808,000 1,450,916,000
Less: accumulated depreciation and amortization (316,649,000) (288,921,000)
Investment in real estate, net 1,204,159,000 1,161,995,000
Cash and cash equivalents 6,580,000 6,815,000
Restricted cash 2,646,000 2,127,000
Tenant receivables, net 7,826,000 7,424,000
Escrow deposits 556,000 711,000
Deferred assets 28,672,000 28,208,000
Derivative asset 10,396,000 18,613,000
Goodwill 5,903,000 5,903,000
Investment in unconsolidated joint venture 1,917,000 2,066,000
Other Assets 27,843,000 22,354,000
Total assets 1,296,959,000 1,256,486,000
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $3,768 and $4,868 at June 30, 2025 and December 31, 2024, respectively 698,832,000 631,732,000
Notes payable, net of unamortized debt issuance costs of $4 and $22 at June 30, 2025 and December 31, 2024, respectively 14,153,000 14,399,000
Accounts payable and accrued expenses 19,006,000 16,468,000
Dividends payable 11,985,000 16,520,000
Security deposits 3,407,000 3,324,000
Other liabilities 18,438,000 14,191,000
Acquired lease intangible liability, net 6,117,000 3,936,000
Total liabilities 771,938,000 700,570,000
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at June 30, 2025 and December 31, 2024, respectively (liquidation preference of $77,625 at June 30, 2025 and December 31, 2024, respectively) 74,959,000 74,959,000
Common stock, $0.001 par value, 500,000 shares authorized; 66,879 shares and 66,871 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 67,000 67,000
Additional paid-in capital 734,290,000 734,223,000
Accumulated deficit (316,510,000) (293,736,000)
Accumulated other comprehensive income (loss) 10,396,000 18,613,000
Total Global Medical REIT Inc. stockholders' equity 503,202,000 534,126,000
Noncontrolling interest 21,819,000 21,790,000
Total equity 525,021,000 555,916,000
Total liabilities and equity 1,296,959,000 1,256,486,000
Related Party [Member]    
Investment in real estate:    
Due from related parties 461,000 270,000
Liabilities:    
Other liabilities $ 0 $ 0

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