Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Investment in real estate:    
Land $ 42,701 $ 17,786
Building 384,338 179,253
Site improvements 4,808 1,465
Tenant improvements 8,010 1,186
Acquired lease intangible assets 31,650 7,187
Real Estate Investment Property, at Cost, Total 471,507 206,877
Less: accumulated depreciation and amortization (13,594) (3,367)
Investment in real estate, net 457,913 203,510
Cash and cash equivalents 5,109 19,671
Restricted cash 2,005 941
Tenant receivables 704 212
Escrow deposits 1,638 1,212
Deferred assets 3,993 705
Deferred financing costs, net 2,750 927
Other assets 459 141
Total assets 474,571 227,319
Liabilities:    
Revolving credit facility 164,900 27,700
Notes payable, net of unamortized discount of $930 and $1,062 at December 31, 2017 and 2016, respectively 38,545 38,413
Notes payable to related parties 0 421
Accounts payable and accrued expenses 2,020 574
Dividends payable 5,638 3,604
Security deposits and other 2,128 720
Due to related parties, net 1,036 581
Acquired lease intangible liability, net 1,291 278
Total liabilities 215,558 72,291
Stockholders' equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 and no shares issued and outstanding at December 31, 2017 and 2016, respectively (liquidation preference of $77,625 and $0, respectively) 74,959 0
Common stock, $0.001 par value, 500,000 shares authorized; 21,631 shares and 17,606 shares issued and outstanding at December 31, 2017 and 2016, respectively 22 18
Additional paid-in capital 205,788 171,997
Accumulated deficit (34,434) (16,987)
Total Global Medical REIT Inc. stockholders' equity 246,335 155,028
Noncontrolling interest 12,678 0
Total equity 259,013 155,028
Total liabilities and stockholders' equity $ 474,571 $ 227,319