Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Investment in real estate:    
Land $ 164,315 $ 168,308
Building 1,034,822 1,079,781
Site improvements 21,480 22,024
Tenant improvements 65,772 65,987
Acquired lease intangible assets 138,617 148,077
Investment in real estate, Total 1,425,006 1,484,177
Less: accumulated depreciation and amortization (232,518) (198,218)
Investment in real estate, net 1,192,488 1,285,959
Cash and cash equivalents 1,281 4,016
Restricted cash 6,331 10,439
Tenant receivables, net 7,527 8,040
Escrow deposits 9,861 7,833
Deferred assets 26,748 29,616
Derivative asset 38,379 34,705
Goodwill 5,903 5,903
Other assets 13,713 6,550
Total assets 1,302,520 1,393,261
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $7,617 and $9,253 at September 30, 2023 and December 31, 2022, respectively 560,783 636,447
Notes payable, net of unamortized debt issuance costs of $337 and $452 at September 30, 2023 and December 31, 2022, respectively 56,823 57,672
Accounts payable and accrued expenses 13,300 13,819
Dividends payable 16,055 15,821
Security deposits 3,913 5,461
Other liabilities 12,138 7,363
Acquired lease intangible liability, net 5,860 7,613
Total liabilities 668,872 744,196
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at September 30, 2023 and December 31, 2022, respectively (liquidation preference of $77,625 at September 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 September 30, 2023 and December 31, 2022, respectively 66 66
Additional paid-in capital 722,418 721,991
Accumulated deficit (224,375) (198,706)
Accumulated other comprehensive income (loss) 38,379 34,674
Total Global Medical REIT Inc. stockholders' equity 611,447 632,984
Noncontrolling interest 22,201 16,081
Total equity 633,648 649,065
Total liabilities and equity 1,302,520 1,393,261
Related Party [Member]    
Investment in real estate:    
Due from related parties 289 200
Liabilities:    
Other liabilities $ 0 $ 0