Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Investment in real estate:    
Land $ 133,040 $ 128,857
Building 883,901 851,427
Site improvements 15,669 15,183
Tenant improvements 50,596 49,204
Acquired lease intangible assets 103,269 98,234
Investment in real estate, Total 1,186,475 1,142,905
Less: accumulated depreciation and amortization (105,779) (94,462)
Investment in real estate, net 1,080,696 1,048,443
Cash and cash equivalents 5,304 5,507
Restricted cash 6,096 5,246
Tenant receivables, net 5,585 5,596
Due from related parties 229 103
Escrow deposits 5,163 4,817
Deferred assets 21,676 20,272
Derivative asset 136  
Goodwill 5,903 5,903
Other assets 5,530 5,019
Total assets 1,136,318 1,100,906
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $3,284 and $3,559 at March 31, 2021 and December 31, 2020, respectively 420,216 521,641
Notes payable, net of unamortized debt issuance costs of $772 and $835 at March 31, 2021 and December 31, 2020, respectively 64,810 64,937
Accounts payable and accrued expenses 7,230 7,279
Dividends payable 14,482 12,470
Security deposits and other 4,367 4,340
Due to related party 0 0
Derivative liability 14,603 18,086
Other liability 6,793 6,171
Acquired lease intangible liability, net 7,998 8,222
Total liabilities 540,499 643,146
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at March 31, 2021 and December 31, 2020, respectively (liquidation preference of $77,625 at March 31, 2021 and December 31, 2020, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 60,794 shares and 49,461 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 61 49
Additional paid-in capital 648,949 504,789
Accumulated deficit (127,480) (116,773)
Accumulated other comprehensive loss (14,588) (18,219)
Total Global Medical REIT Inc. stockholders' equity 581,901 444,805
Noncontrolling interest 13,918 12,955
Total equity 595,819 457,760
Total liabilities and equity $ 1,136,318 $ 1,100,906