Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v3.24.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investment in real estate:    
Land $ 164,315 $ 168,308
Building 1,035,705 1,079,781
Site improvements 21,974 22,024
Tenant improvements 66,358 65,987
Acquired lease intangible assets 138,617 148,077
Investment in real estate, Total 1,426,969 1,484,177
Less: accumulated depreciation and amortization (247,503) (198,218)
Investment in real estate, net 1,179,466 1,285,959
Cash and cash equivalents 1,278 4,016
Restricted cash 5,446 10,439
Tenant receivables, net 6,762 8,040
Escrow deposits 673 7,833
Deferred assets 27,132 29,616
Derivative asset 25,125 34,705
Goodwill 5,903 5,903
Other Assets 15,722 6,550
Total assets 1,267,700 1,393,261
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $7,067 and $9,253 at December 31, 2023 and December 31, 2022, respectively 585,333 636,447
Notes payable, net of unamortized debt issuance costs of $66 and $452 at December 31, 2023 and December 31, 2022, respectively 25,899 57,672
Accounts payable and accrued expenses 12,781 13,819
Dividends payable 16,134 15,821
Security deposits 3,688 5,461
Other liabilities 12,770 7,363
Acquired lease intangible liability, net 5,281 7,613
Total liabilities 661,886 744,196
Commitments and Contingencies
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at December 31, 2023 and December 31, 2022, respectively (liquidation preference of $77,625 at December 31, 2023 and December 31, 2022, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 65,565 shares and 65,518 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 66 66
Additional paid-in capital 722,418 721,991
Accumulated deficit (238,984) (198,706)
Accumulated other comprehensive income (loss) 25,125 34,674
Total Global Medical REIT Inc. stockholders' equity 583,584 632,984
Noncontrolling interest 22,230 16,081
Total equity 605,814 649,065
Total liabilities and equity 1,267,700 1,393,261
Related Party [Member]    
Investment in real estate:    
Due from related parties 193 200
Liabilities:    
Other liabilities $ 0 $ 0