Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Investment in real estate:    
Land $ 155,529 $ 152,060
Building 1,002,087 985,091
Site improvements 19,596 19,021
Tenant improvements 60,154 58,900
Acquired lease intangible assets 130,790 127,931
Investment in real estate, Total 1,368,156 1,343,003
Less: accumulated depreciation and amortization (157,132) (143,255)
Investment in real estate, net 1,211,024 1,199,748
Cash and cash equivalents 1,854 7,213
Restricted cash 6,336 5,546
Tenant receivables, net 6,477 6,070
Due from related parties 451 163
Escrow deposits 7,697 5,957
Deferred assets 26,714 25,417
Derivative asset 12,692 1,236
Goodwill 5,903 5,903
Other assets 6,345 6,232
Total assets 1,285,493 1,263,485
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $7,570 and $8,033 at March 31, 2022 and December 31, 2021, respectively 529,130 514,567
Notes payable, net of unamortized debt issuance costs of $568 and $607 at March 31, 2022 and December 31, 2021, respectively 56,919 57,162
Accounts payable and accrued expenses 9,272 10,344
Dividends payable 15,823 15,668
Security deposits 4,616 4,540
Derivative liability 1,865 7,790
Other liabilities 7,090 7,709
Acquired lease intangible liability, net 8,161 8,128
Total liabilities 632,876 625,908
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at March 31, 2022 and December 31, 2021, respectively (liquidation preference of $77,625 at March 31, 2022 and December 31, 2021, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 65,400 shares and 64,880 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 65 65
Additional paid-in capital 720,306 711,414
Accumulated deficit (168,089) (157,017)
Accumulated other comprehensive income (loss) 10,757 (6,636)
Total Global Medical REIT Inc. stockholders' equity 637,998 622,785
Noncontrolling interest 14,619 14,792
Total equity 652,617 637,577
Total liabilities and equity $ 1,285,493 $ 1,263,485