v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Investment in real estate:    
Land $ 104,316 $ 95,381
Building 755,807 693,533
Site improvements 11,593 9,912
Tenant improvements 41,891 33,909
Acquired lease intangible assets 83,269 72,794
Investment in real estate, Total 996,876 905,529
Less: accumulated depreciation and amortization (73,979) (56,503)
Investment in real estate, net 922,897 849,026
Cash and cash equivalents 8,392 2,765
Restricted cash 4,945 4,420
Tenant receivables 5,888 4,957
Due from related parties 124 50
Escrow deposits 3,301 3,417
Deferred assets 17,433 14,512
Derivative asset   2,194
Other assets 3,587 3,593
Total assets 966,567 884,934
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $3,350 and $3,832 at June 30,2020 and December 31, 2019, respectively 415,850 347,518
Notes payable, net of unamortized debt issuance costs of $668 and $667 at June 30,2020 and December 31, 2019, respectively 50,610 38,650
Accounts payable and accrued expenses 8,836 5,069
Dividends payable 11,281 11,091
Security deposits and other 5,814 6,351
Due to related party 1,957 1,648
Derivative liability 21,495 8,685
Other liability 2,417 2,405
Acquired lease intangible liability, net 5,598 3,164
Total liabilities 523,858 424,581
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at June 30, 2020 and December 31, 2019, respectively (liquidation preference of $77,625 at June 30, 2020 and December 31, 2019, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 46,252 shares and 43,806 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 46 44
Additional paid-in capital 462,607 433,330
Accumulated deficit (88,037) (71,389)
Accumulated other comprehensive loss (21,654) (6,674)
Total Global Medical REIT Inc. stockholders' equity 427,921 430,270
Noncontrolling interest 14,788 30,083
Total equity 442,709 460,353
Total liabilities and equity $ 966,567 $ 884,934

Source