Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Investment in real estate:    
Land $ 86,878 $ 63,710
Building 637,505 518,451
Site improvements 9,100 6,880
Tenant improvements 31,465 15,357
Acquired lease intangible assets 65,498 43,152
Real Estate Investment Property, at Cost, Total 830,446 647,550
Less: accumulated depreciation and amortization (48,731) (30,625)
Investment in real estate, net 781,715 616,925
Cash and cash equivalents 2,815 3,631
Restricted cash 3,011 1,212
Tenant receivables 4,167 2,905
Due from Related Parties 75  
Escrow deposits 2,865 1,752
Deferred assets 13,307 9,352
Other assets 4,363 322
Total assets 812,318 636,099
Liabilities:    
Credit facility, net of unamortized discount of $3,983 and $3,922 at September 30, 2019 and December 31, 2018, respectively 363,242 276,353
Notes payable, net of unamortized discount of $701 and $799 at September 30, 2019 and December 31, 2018, respectively 38,651 38,654
Accounts payable and accrued expenses 5,501 3,664
Dividends payable 9,470 6,981
Security deposits and other 6,362 4,152
Due to related parties, net 1,584 1,030
Derivative liability 10,399 3,487
Other liability 2,379  
Acquired lease intangible liability, net 3,287 2,028
Total liabilities 440,875 336,349
Commitments and contingencies
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at September 30, 2019 and December 31, 2018, respectively (liquidation preference of $77,625 at September 30, 2019 and December 31, 2018, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 36,290 shares and 25,944 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively 36 26
Additional paid-in capital 340,435 243,038
Accumulated deficit (63,846) (45,007)
Accumulated other comprehensive loss (10,596) (3,721)
Total Global Medical REIT Inc. stockholders' equity 340,988 269,295
Noncontrolling interest 30,455 30,455
Total equity 371,443 299,750
Total liabilities and equity $ 812,318 $ 636,099