v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Investment in real estate:    
Land $ 173,293 $ 174,300
Building 1,064,782 1,044,019
Site improvements 24,266 23,973
Tenant improvements 75,023 69,679
Acquired lease intangible assets 141,828 138,945
Investment in real estate, Total 1,479,192 1,450,916
Less: accumulated depreciation and amortization (301,190) (288,921)
Investment in real estate, net 1,178,002 1,161,995
Cash and cash equivalents 5,412 6,815
Restricted cash 2,176 2,127
Tenant receivables, net 8,104 7,424
Escrow deposits 915 711
Deferred assets 28,251 28,208
Derivative asset 13,713 18,613
Goodwill 5,903 5,903
Investment in unconsolidated joint venture 1,992 2,066
Other Assets 24,667 22,354
Total assets 1,269,555 1,256,486
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $4,318 and $4,868 at March 31, 2025 and December 31, 2024, respectively 662,782 631,732
Notes payable, net of unamortized debt issuance costs of $13 and $22 at March 31, 2025 and December 31, 2024, respectively 14,248 14,399
Accounts payable and accrued expenses 14,519 16,468
Dividends payable 16,597 16,520
Security deposits 3,374 3,324
Other liabilities 16,030 14,191
Acquired lease intangible liability, net 3,902 3,936
Total liabilities 731,452 700,570
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at March 31, 2025 and December 31, 2024, respectively (liquidation preference of $77,625 at March 31, 2025 and December 31, 2024, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 66,879 shares and 66,871 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 67 67
Additional paid-in capital 734,290 734,223
Accumulated deficit (305,677) (293,736)
Accumulated other comprehensive income (loss) 13,713 18,613
Total Global Medical REIT Inc. stockholders' equity 517,352 534,126
Noncontrolling interest 20,751 21,790
Total equity 538,103 555,916
Total liabilities and equity 1,269,555 1,256,486
Related Party [Member]    
Investment in real estate:    
Due from related parties 420 270
Liabilities:    
Other liabilities $ 0 $ 0

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