Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Investment in real estate:    
Land $ 36,839,127 $ 17,785,001
Building 349,041,480 179,253,398
Site improvements 3,992,974 1,465,273
Tenant improvements 5,095,651 1,186,014
Acquired lease intangible assets 27,308,632 7,187,041
Real Estate Investment Property, at Cost, Total 422,277,864 206,876,727
Less: accumulated depreciation and amortization (10,142,823) (3,366,680)
Investment in real estate, net 412,135,041 203,510,047
Cash 6,776,501 19,671,131
Restricted cash 2,040,026 941,344
Tenant receivables 616,741 212,435
Escrow deposits 1,297,665 1,212,177
Deferred assets 2,923,494 704,537
Deferred financing costs, net 2,977,981 927,085
Other assets 160,214 140,374
Total assets 428,927,663 227,319,130
Liabilities:    
Revolving credit facility 126,100,000 27,700,000
Notes payable, net of unamortized discount of $963,184 and $1,061,602 at September 30, 2017 and December 31, 2016, respectively 38,511,716 38,413,298
Notes payable to related parties 0 421,000
Accounts payable and accrued expenses 2,433,549 573,997
Dividends payable 4,767,037 3,604,037
Security deposits and other 2,206,145 719,592
Due to related parties, net 802,286 580,911
Acquired lease intangible liability, net 1,080,123 277,917
Total liabilities 175,900,856 72,290,752
Stockholders' equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; 3,105,000 and no shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively (liquidation preference of $77,625,000 and $0, respectively) 74,959,003 0
Common stock, $0.001 par value, 500,000,000 shares authorized; 21,630,675 and 17,605,675 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 21,631 17,606
Additional paid-in capital 207,268,720 171,997,396
Accumulated deficit (29,914,472) (16,986,624)
Total Global Medical REIT Inc. stockholders' equity 252,334,882 155,028,378
Noncontrolling interest 691,925 0
Total equity 253,026,807 155,028,378
Total liabilities and stockholders' equity $ 428,927,663 $ 227,319,130