Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v3.20.4
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Investment in real estate:    
Land $ 128,857 $ 95,381
Building 851,427 693,533
Site improvements 15,183 9,912
Tenant improvements 49,204 33,909
Acquired lease intangible assets 98,234 72,794
Investment in real estate, Total 1,142,905 905,529
Less: accumulated depreciation and amortization (94,462) (56,503)
Investment in real estate, net 1,048,443 849,026
Cash and cash equivalents 5,507 2,765
Restricted cash 5,246 4,420
Tenant receivables, net 5,596 4,957
Due from related parties 103 50
Escrow deposits 4,817 3,417
Deferred assets 20,272 14,512
Derivative asset 0 2,194
Goodwill 5,903 0
Other assets 5,019 3,593
Total assets 1,100,906 884,934
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $3,559 and $3,832 at December 31, 2020 and December 31, 2019, respectively 521,641 347,518
Notes payable, net of unamortized debt issuance costs of $835 and $667 at December 31, 2020 and December 31, 2019, respectively 64,937 38,650
Accounts payable and accrued expenses 7,279 5,069
Dividends payable 12,470 11,091
Security deposits and other 4,340 6,351
Due to related party 0 1,648
Derivative liability 18,086 8,685
Other liability 6,171 2,405
Acquired lease intangible liability, net 8,222 3,164
Total liabilities 643,146 424,581
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at December 31, 2020 and December 31, 2019, respectively (liquidation preference of $77,625 at December 31, 2020 and December 31, 2019, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 49,461 shares and 43,806 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively 49 44
Additional paid-in capital 504,789 433,330
Accumulated deficit (116,773) (71,389)
Accumulated other comprehensive loss (18,219) (6,674)
Total Global Medical REIT Inc. stockholders' equity 444,805 430,270
Noncontrolling interest 12,955 30,083
Total equity 457,760 460,353
Total liabilities and equity $ 1,100,906 $ 884,934