Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Investment in real estate:    
Land $ 68,326 $ 63,710
Building 533,430 518,451
Site improvements 6,982 6,880
Tenant improvements 16,206 15,357
Acquired lease intangible assets 43,987 43,152
Real Estate Investment Property, at Cost, Total 668,931 647,550
Less: accumulated depreciation and amortization (35,771) (30,625)
Investment in real estate, net 633,160 616,925
Cash and cash equivalents 1,844 3,631
Restricted cash 1,464 1,212
Tenant receivables 3,559 2,905
Escrow deposits 3,296 1,752
Deferred assets 10,358 9,352
Other assets 3,009 322
Total assets 656,690 636,099
Liabilities:    
Credit facility, net of unamortized discount of $3,682 and $3,922 at March 31, 2019 and December 31, 2018, respectively 219,993 276,353
Notes payable, net of unamortized discount of $766 and $799 at March 31, 2019 and December 31, 2018, respectively 38,652 38,654
Accounts payable and accrued expenses 3,385 3,664
Dividends payable 8,985 6,981
Security deposits and other 4,122 4,152
Due to related parties, net 1,100 1,030
Derivative liability 5,520 3,487
Other liability 2,367 0
Acquired lease intangible liability, net 2,004 2,028
Total liabilities 286,128 336,349
Stockholders' equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at March 31, 2019 and December 31, 2018, respectively (liquidation preference of $77,625 at March 31, 2019 and December 31, 2018, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 34,555 shares and 25,944 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 35 26
Additional paid-in capital 322,359 243,038
Accumulated deficit (51,390) (45,007)
Accumulated other comprehensive loss (5,743) (3,721)
Total Global Medical REIT Inc. stockholders' equity 340,220 269,295
Noncontrolling interest 30,342 30,455
Total stockholders' equity 370,562 299,750
Total liabilities and stockholders' equity $ 656,690 $ 636,099