Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Investment in real estate:    
Land $ 165,242 $ 168,308
Building 1,038,464 1,079,781
Site improvements 21,404 22,024
Tenant improvements 66,544 65,987
Acquired lease intangible assets 139,715 148,077
Investment in real estate, Total 1,431,369 1,484,177
Less: accumulated depreciation and amortization (218,109) (198,218)
Investment in real estate, net 1,213,260 1,285,959
Cash and cash equivalents 2,460 4,016
Restricted cash 7,325 10,439
Tenant receivables, net 7,381 8,040
Escrow deposits 9,725 7,833
Deferred assets 26,189 29,616
Derivative asset 35,864 34,705
Goodwill 5,903 5,903
Other assets 12,302 6,550
Total assets 1,320,800 1,393,261
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $8,155 and $9,253 at June 30, 2023 and December 31, 2022, respectively 567,988 636,447
Notes payable, net of unamortized debt issuance costs of $375 and $452 at June 30, 2023 and December 31, 2022, respectively 57,121 57,672
Accounts payable and accrued expenses 15,457 13,819
Dividends payable 16,048 15,821
Security deposits 4,213 5,461
Other liabilities 12,137 7,363
Acquired lease intangible liability, net 6,444 7,613
Total liabilities 679,408 744,196
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at June 30, 2023 and December 31, 2022, respectively (liquidation preference of $77,625 at June 30, 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 June 30, 2023 and December 31, 2022, respectively 66 66
Additional paid-in capital 722,418 721,991
Accumulated deficit (213,744) (198,706)
Accumulated other comprehensive income (loss) 35,859 34,674
Total Global Medical REIT Inc. stockholders' equity 619,558 632,984
Noncontrolling interest 21,834 16,081
Total equity 641,392 649,065
Total liabilities and equity 1,320,800 1,393,261
Related Party [Member]    
Investment in real estate:    
Due from related parties 391 200
Liabilities:    
Other liabilities $ 0 $ 0