Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Investment in real estate:    
Land $ 162,391 $ 164,315
Building 1,028,539 1,035,705
Site improvements 21,960 21,974
Tenant improvements 66,004 66,358
Acquired lease intangible assets 136,394 138,617
Investment in real estate, Total 1,415,288 1,426,969
Less: accumulated depreciation and amortization (271,764) (247,503)
Investment in real estate, net 1,143,524 1,179,466
Cash and cash equivalents 4,978 1,278
Restricted cash 2,840 5,446
Tenant receivables, net 8,073 6,762
Escrow deposits 925 673
Deferred assets 28,360 27,132
Derivative asset 27,672 25,125
Goodwill 5,903 5,903
Other Assets 18,530 15,722
Total assets 1,241,215 1,267,700
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $5,968 and $7,067 at June 30, 2024 and December 31, 2023, respectively 599,032 585,333
Notes payable, net of unamortized debt issuance costs of $40 and $66 at June 30, 2024 and December 31, 2023, respectively 14,638 25,899
Accounts payable and accrued expenses 11,962 12,781
Dividends payable 16,280 16,134
Security deposits 3,973 3,688
Other liabilities 12,809 12,770
Acquired lease intangible liability, net 4,149 5,281
Total liabilities 662,843 661,886
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at June 30, 2024 and December 31, 2023, respectively (liquidation preference of $77,625 at June 30, 2024 and December 31, 2023, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 65,588 shares and 65,565 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 66 66
Additional paid-in capital 722,627 722,418
Accumulated deficit (268,885) (238,984)
Accumulated other comprehensive income (loss) 27,672 25,125
Total Global Medical REIT Inc. stockholders' equity 556,439 583,584
Noncontrolling interest 21,933 22,230
Total equity 578,372 605,814
Total liabilities and equity 1,241,215 1,267,700
Related Party [Member]    
Investment in real estate:    
Due from related parties 410 193
Liabilities:    
Other liabilities $ 0 $ 0