Global Medical REIT Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Credit Facility, Notes Payable and Derivative Instruments (Details)

Credit Facility, Notes Payable and Derivative Instruments (Details) $ in Thousands				3 Months Ended		12 Months Ended
	Jul. 31, 2020 USD ($)	Apr. 27, 2020 USD ($)	Mar. 31, 2016 USD ($)	Mar. 31, 2023 USD ($) contract	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($) contract	Dec. 31, 2022 USD ($)	Jul. 08, 2022 USD ($)
Notes Payable and Revolving Credit Facility
Increase (Decrease) in Security Deposits				$ (773)	$ 76
Debt Instrument, Term				3 years 8 months 4 days			3 years 11 months 4 days
Number of loans \| contract				4		4
Note balance				$ 57,780		$ 57,780	$ 58,124
Additional Interest Expense				13,340
Derivative asset				27,428		$ 27,428	$ 34,705
Interest expense				$ 8,271	4,801
Weighted average interest rate basis				4.28%		4.28%	4.20%
Interest Rate Swap [Member]
Notes Payable and Revolving Credit Facility
Number of interest rate swaps entered \| contract				10		10
Derivative asset				$ 27,428		$ 27,428
Derivative liability							$ 34,705
Forward Starting Interest Rate Swaps [Member]
Notes Payable and Revolving Credit Facility
Number of interest rate swaps entered \| contract				5		5
Credit Facility [Member]
Notes Payable and Revolving Credit Facility
Credit Facility maximum borrowing capacity				$ 900,000		$ 900,000
Credit facility extension option period				6 months
Maximum consolidated leverage ratio under financial covenants				60		60
Maximum consolidated secured recourse leverage ratio under financial covenant				10.00%		10.00%
Minimum fixed charge coverage ratio under financial covenants				1.50		1.50
Minimum unsecured interest coverage ratio under financial covenant				1.50		1.50
Maximum consolidated secured leverage ratio under financial covenants				30.00%		30.00%
Maximum consolidated unsecured leverage ratio under financial covenants				60.00%		60.00%
Covenant compliance				As of March 31, 2023, management believed it complied with all of the financial and non-financial covenants contained in the Credit Facility.
Proceeds from Credit Facility				$ 12,600	14,100
Repayments of Lines of Credit				14,800
Proceeds from (Repayments of) Credit Facility				2,200	(14,100)
Interest expense				6,988	3,614
Minimum Net Worth Required for Compliance				$ 573,000		$ 573,000
Net Proceeds raised Through Equity Offerings, Percent						75.00%
Debt instrument extensions \| contract				2
Revolving Credit Facility [Member]
Notes Payable and Revolving Credit Facility
Credit Facility maximum borrowing capacity				$ 400,000		$ 400,000
Amortization of financing costs				549	463
Term Loan [Member]
Notes Payable and Revolving Credit Facility
Credit Facility maximum borrowing capacity				500,000		500,000
Term Loan A [Member]
Notes Payable and Revolving Credit Facility
Credit Facility maximum borrowing capacity				350,000		350,000
Term Loan A [Member] \| Interest Rate Swap [Member]
Notes Payable and Revolving Credit Facility
Derivative, Notional Amount				$ 350,000		$ 350,000
Number of interest rate swaps entered \| contract				6		6
Term Loan A [Member] \| Interest Rate Swap Agreement One [Member]
Notes Payable and Revolving Credit Facility
Derivative, Notional Amount				$ 150,000		$ 150,000
Term loan interest rate				1.80%		1.80%
Term Loan A [Member] \| Interest Rate Swap Agreement Two [Member]
Notes Payable and Revolving Credit Facility
Derivative, Notional Amount				$ 200,000		$ 200,000
Term loan interest rate				1.50%		1.50%
Term Loan A [Member] \| Interest Rate Swap Agreement Three [Member]
Notes Payable and Revolving Credit Facility
Term loan interest rate				1.36%		1.36%
Term Loan A [Member] \| Forward Starting Interest Rate Swaps [Member]
Notes Payable and Revolving Credit Facility
Number of interest rate swaps entered \| contract				5		5
Term Loan B [Member]
Notes Payable and Revolving Credit Facility
Credit Facility maximum borrowing capacity				$ 150,000		$ 150,000
Term Loan B [Member] \| Forward Starting Interest Rate Swaps [Member]
Notes Payable and Revolving Credit Facility
Derivative fixed rate				2.54%		2.54%
Derivative, Notional Amount				$ 150,000		$ 150,000
Rosedale Loan [Member]
Notes Payable and Revolving Credit Facility
Long term debt	$ 14,800			$ 13,856		13,856	13,954
Debt Instrument, Interest Rate, Stated Percentage	3.85%
Debt Instrument, Maturity Date				Jul. 31, 2025
Interest expense				$ 134	137
Debt Instrument, Term	25 years
Principal payments made				98			95
Dumfries Loan [Member]
Notes Payable and Revolving Credit Facility
Long term debt		$ 12,074		$ 11,260		11,260	11,336
Debt Instrument, Interest Rate, Stated Percentage		4.68%
Debt Instrument, Maturity Date				Jun. 01, 2024
Interest expense				$ 130	133
Debt Instrument, Term		10 years
Principal payments made				76	72
Cantor Loan [Member]
Notes Payable and Revolving Credit Facility
Long term debt			$ 32,097	$ 31,247		31,247	31,368
Debt Instrument, Interest Rate, Stated Percentage			5.22%
Debt Instrument, Maturity Date				Apr. 06, 2026
Prepayment period before maturity date				4 months
Interest expense				$ 409	415
Debt Instrument, Term			30 years
Principal payments made				$ 121	115
Toledo Loan [Member]
Notes Payable and Revolving Credit Facility
Debt Instrument, Interest Rate, Stated Percentage								5.00%
Debt Instrument, Maturity Date				Jul. 30, 2033
Principal payments made				$ 49
Note balance				1,417		1,417	$ 1,466	$ 1,513
Interest expense				22
Accordion [Member] \| Credit Facility [Member]
Notes Payable and Revolving Credit Facility
Credit Facility maximum borrowing capacity				500,000		$ 500,000
Notes Payable [Member]
Notes Payable and Revolving Credit Facility
Amortization of financing costs				$ 39	$ 39