Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Investment in real estate:    
Land $ 63,710 $ 42,701
Building 518,451 384,338
Site improvements 6,880 4,808
Tenant improvements 15,357 8,010
Acquired lease intangible assets 43,152 31,650
Real Estate Investment Property, at Cost, Total 647,550 471,507
Less: accumulated depreciation and amortization (30,625) (13,594)
Investment in real estate, net 616,925 457,913
Cash and cash equivalents 3,631 5,109
Restricted cash 1,212 2,005
Tenant receivables 2,905 704
Escrow deposits 1,752 1,638
Deferred assets 9,352 3,993
Other assets 322 459
Total assets 636,099 471,821
Liabilities:    
Revolving credit facility, net of unamortized discount of $3,922 and $2,750 at December 31, 2018 and 2017, respectively 276,353 162,150
Notes payable, net of unamortized discount of $799 and $930 at December 31, 2018 and 2017, respectively 38,654 38,545
Accounts payable and accrued expenses 3,664 2,020
Dividends payable 6,981 5,638
Security deposits and other 4,152 2,128
Due to related parties, net 1,030 1,036
Derivative liability 3,487 0
Acquired lease intangible liability, net 2,028 1,291
Total liabilities 336,349 212,808
Stockholders' equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at December 31, 2018 and 2017, respectively (liquidation preference of $77,625 at December 31, 2018 and 2017, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 25,944 shares and 21,631 shares issued and outstanding at December 31, 2018 and 2017, respectively 26 22
Additional paid-in capital 243,038 205,788
Accumulated deficit (45,007) (34,434)
Accumulated other comprehensive loss (3,721) 0
Total Global Medical REIT Inc. stockholders' equity 269,295 246,335
Noncontrolling interest 30,455 12,678
Total stockholders' equity 299,750 259,013
Total liabilities and stockholders' equity $ 636,099 $ 471,821