Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Investment in real estate:    
Land $ 95,381 $ 63,710
Building 693,533 518,451
Site improvements 9,912 6,880
Tenant improvements 33,909 15,357
Acquired lease intangible assets 72,794 43,152
Real Estate Investment Property, at Cost, Total 905,529 647,550
Less: accumulated depreciation and amortization (56,503) (30,625)
Investment in real estate, net 849,026 616,925
Cash and cash equivalents 2,765 3,631
Restricted cash 4,420 1,212
Tenant receivables 4,957 2,905
Due from Related Parties 50  
Escrow deposits 3,417 1,752
Deferred assets 14,512 9,352
Derivative asset 2,194  
Other assets 3,593 322
Total assets 884,934 636,099
Liabilities:    
Credit facility, net of unamortized discount of $3,983 and $3,922 at September 30, 2019 and December 31, 2018, respectively 347,518 276,353
Notes payable, net of unamortized debt issuance costs of $667 and $799 at December 31, 2019 and 2018, respectively 38,650 38,654
Accounts payable and accrued expenses 5,069 3,664
Dividends payable 11,091 6,981
Security deposits and other 6,351 4,152
Due to related party 1,648 1,030
Derivative liability 8,685 3,487
Other liability 2,405  
Acquired lease intangible liability, net 3,164 2,028
Total liabilities 424,581 336,349
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at December 31, 2019 and 2018, respectively (liquidation preference of $77,625 at December 31, 2019 and 2018, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 43,806 shares and 25,944 shares issued and outstanding at December 31, 2019 and 2018, respectively 44 26
Additional paid-in capital 433,330 243,038
Accumulated deficit (71,389) (45,007)
Accumulated other comprehensive loss (6,674) (3,721)
Total Global Medical REIT Inc. stockholders' equity 430,270 269,295
Noncontrolling interest 30,083 30,455
Total equity 460,353 299,750
Total liabilities and equity $ 884,934 $ 636,099