v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Investment in real estate:    
Land $ 149,249 $ 128,857
Building 964,169 851,427
Site improvements 18,017 15,183
Tenant improvements 56,156 49,204
Acquired lease intangible assets 123,918 98,234
Investment in real estate, Total 1,311,509 1,142,905
Less: accumulated depreciation and amortization (130,284) (94,462)
Investment in real estate, net 1,181,225 1,048,443
Cash and cash equivalents 6,030 5,507
Restricted cash 5,839 5,246
Tenant receivables, net 5,126 5,596
Due from related parties 275 103
Escrow deposits 5,970 4,817
Deferred assets 24,422 20,272
Derivative asset 219  
Goodwill 5,903 5,903
Other assets 8,297 5,019
Total assets 1,243,306 1,100,906
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $8,497 and $3,559 at September 30, 2021 and December 31, 2020, respectively 497,203 521,641
Notes payable, net of unamortized debt issuance costs of $644 and $835 at September 30, 2021 and December 31, 2020, respectively 57,397 64,937
Accounts payable and accrued expenses 11,065 7,279
Dividends payable 15,309 12,470
Security deposits and other 4,600 4,340
Due to related party 0 0
Derivative liability 12,070 18,086
Other liability 7,104 6,171
Acquired lease intangible liability, net 8,333 8,222
Total liabilities 613,081 643,146
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at September 30, 2021 and December 31, 2020, respectively (liquidation preference of $77,625 at September 30, 2021 and December 31, 2020, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 64,208 shares and 49,461 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 64 49
Additional paid-in capital 700,206 504,789
Accumulated deficit (147,562) (116,773)
Accumulated other comprehensive loss (11,946) (18,219)
Total Global Medical REIT Inc. stockholders' equity 615,721 444,805
Noncontrolling interest 14,504 12,955
Total equity 630,225 457,760
Total liabilities and equity $ 1,243,306 $ 1,100,906

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