Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Investment in real estate:    
Land $ 167,285 $ 168,308
Building 1,077,340 1,079,781
Site improvements 22,024 22,024
Tenant improvements 66,375 65,987
Acquired lease intangible assets 148,249 148,077
Investment in real estate, Total 1,481,273 1,484,177
Less: accumulated depreciation and amortization (213,690) (198,218)
Investment in real estate, net 1,267,583 1,285,959
Cash and cash equivalents 4,603 4,016
Restricted cash 9,378 10,439
Tenant receivables, net 7,402 8,040
Due from related parties 321 200
Escrow deposits 8,625 7,833
Deferred assets 30,322 29,616
Derivative asset 27,428 34,705
Goodwill 5,903 5,903
Other assets 7,473 6,550
Total assets 1,369,038 1,393,261
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $8,704 and $9,253 at March 31, 2023 and December 31, 2022, respectively 634,796 636,447
Notes payable, net of unamortized debt issuance costs of $413 and $452 at March 31, 2023 and December 31, 2022, respectively 57,367 57,672
Accounts payable and accrued expenses 12,604 13,819
Dividends payable 15,854 15,821
Security deposits 4,688 5,461
Other liabilities 8,226 7,363
Acquired lease intangible liability, net 7,028 7,613
Total liabilities 740,563 744,196
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at March 31, 2023 and December 31, 2022, respectively (liquidation preference of $77,625 at March 31, 2023 and December 31, 2022, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 65,530 shares and 65,518 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 66 66
Additional paid-in capital 722,113 721,991
Accumulated deficit (211,794) (198,706)
Accumulated other comprehensive income (loss) 27,410 34,674
Total Global Medical REIT Inc. stockholders' equity 612,754 632,984
Noncontrolling interest 15,721 16,081
Total equity 628,475 649,065
Total liabilities and equity $ 1,369,038 $ 1,393,261