Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investment in real estate:    
Land $ 168,308 $ 152,060
Building 1,079,781 985,091
Site improvements 22,024 19,021
Tenant improvements 65,987 58,900
Acquired lease intangible assets 148,077 127,931
Investment in real estate, Total 1,484,177 1,343,003
Less: accumulated depreciation and amortization (198,218) (143,255)
Investment in real estate, net 1,285,959 1,199,748
Cash and cash equivalents 4,016 7,213
Restricted cash 10,439 5,546
Tenant receivables, net 8,040 6,070
Due from related parties 200 163
Escrow deposits 7,833 5,957
Deferred assets 29,616 25,417
Derivative asset 34,705 1,236
Goodwill 5,903 5,903
Other assets 6,550 6,232
Total assets 1,393,261 1,263,485
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $9,253 and $8,033 at December 31, 2022 and December 31, 2021, respectively 636,447 514,567
Notes payable, net of unamortized debt issuance costs of $452 and $607 at December 31, 2022 and December 31, 2021, respectively 57,672 57,162
Accounts payable and accrued expenses 13,819 10,344
Dividends payable 15,821 15,668
Security deposits 5,461 4,540
Derivative liability 0 7,790
Other liabilities 7,363 7,709
Acquired lease intangible liability, net 7,613 8,128
Total liabilities 744,196 625,908
Commitments and Contingencies
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at December 31, 2022 and December 31, 2021, respectively (liquidation preference of $77,625 at December 31, 2022 and December 31, 2021, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 65,518 shares and 64,880 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 66 65
Additional paid-in capital 721,991 711,414
Accumulated deficit (198,706) (157,017)
Accumulated other comprehensive income (loss) 34,674 (6,636)
Total Global Medical REIT Inc. stockholders' equity 632,984 622,785
Noncontrolling interest 16,081 14,792
Total equity 649,065 637,577
Total liabilities and equity $ 1,393,261 $ 1,263,485