Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity

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Condensed Consolidated Statements of Equity - USD ($)
shares in Thousands, $ in Thousands
Common Stock [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Loss [Member]
Global Medial REIT Inc. Stockholders' Equity [Member]
Noncontrolling Interest [Member]
Total
Balances at Dec. 31, 2022 $ 66 $ 74,959 $ 721,991 $ (198,706) $ 34,674 $ 632,984 $ 16,081 $ 649,065
Balance (in shares) at Dec. 31, 2022 65,518 3,105            
Net income       15,403   15,403 947 16,350
LTIP Units and OP Units redeemed for common stock     427     427 (427)  
LTIP Units and OP Units redeemed for common stock (in shares) 47              
OP Units issued for property acquisitions             5,482 5,482
Change in fair value of interest rate swap agreements         1,185 1,185   1,185
Stock-based compensation expense             1,835 1,835
Dividends to common stockholders       (27,530)   (27,530)   (27,530)
Dividends to preferred stockholders       (2,911)   (2,911)   (2,911)
Dividends to noncontrolling interest             (2,084) (2,084)
Balances at Jun. 30, 2023 $ 66 $ 74,959 722,418 (213,744) 35,859 619,558 21,834 641,392
Balances (in shares) at Jun. 30, 2023 65,565 3,105            
Balances at Dec. 31, 2022 $ 66 $ 74,959 721,991 (198,706) 34,674 632,984 16,081 649,065
Balance (in shares) at Dec. 31, 2022 65,518 3,105            
Balances at Dec. 31, 2023 $ 66 $ 74,959 722,418 (238,984) 25,125 583,584 22,230 605,814
Balances (in shares) at Dec. 31, 2023 65,565 3,105            
Balances at Mar. 31, 2023 $ 66 $ 74,959 722,113 (211,794) 27,410 612,754 15,721 628,475
Balance (in shares) at Mar. 31, 2023 65,530 3,105            
Net income       13,275   13,275 902 14,177
LTIP Units and OP Units redeemed for common stock     305     305 (305)  
LTIP Units and OP Units redeemed for common stock (in shares) 35              
OP Units issued for property acquisitions             5,482 5,482
Change in fair value of interest rate swap agreements         8,449 8,449   8,449
Stock-based compensation expense             1,147 1,147
Dividends to common stockholders       (13,769)   (13,769)   (13,769)
Dividends to preferred stockholders       (1,456)   (1,456)   (1,456)
Dividends to noncontrolling interest             (1,113) (1,113)
Balances at Jun. 30, 2023 $ 66 $ 74,959 722,418 (213,744) 35,859 619,558 21,834 641,392
Balances (in shares) at Jun. 30, 2023 65,565 3,105            
Balances at Dec. 31, 2023 $ 66 $ 74,959 722,418 (238,984) 25,125 583,584 22,230 605,814
Balance (in shares) at Dec. 31, 2023 65,565 3,105            
Net income       557   557 (195) 362
LTIP Units and OP Units redeemed for common stock     209     209 (209)  
LTIP Units and OP Units redeemed for common stock (in shares) 23              
Change in fair value of interest rate swap agreements         2,547 2,547   2,547
Stock-based compensation expense             2,552 2,552
Dividends to common stockholders       (27,547)   (27,547)   (27,547)
Dividends to preferred stockholders       (2,911)   (2,911)   (2,911)
Dividends to noncontrolling interest             (2,445) (2,445)
Balances at Jun. 30, 2024 $ 66 $ 74,959 722,627 (268,885) 27,672 556,439 21,933 578,372
Balances (in shares) at Jun. 30, 2024 65,588 3,105            
Balances at Mar. 31, 2024 $ 66 $ 74,959 722,623 (251,963) 29,285 574,970 22,128 597,098
Balance (in shares) at Mar. 31, 2024 65,587 3,105            
Net income       (1,692)   (1,692) (260) (1,952)
LTIP Units and OP Units redeemed for common stock     4     4 (4)  
LTIP Units and OP Units redeemed for common stock (in shares) 1              
Change in fair value of interest rate swap agreements         (1,613) (1,613)   (1,613)
Stock-based compensation expense             1,319 1,319
Dividends to common stockholders       (13,774)   (13,774)   (13,774)
Dividends to preferred stockholders       (1,456)   (1,456)   (1,456)
Dividends to noncontrolling interest             (1,250) (1,250)
Balances at Jun. 30, 2024 $ 66 $ 74,959 $ 722,627 $ (268,885) $ 27,672 $ 556,439 $ 21,933 $ 578,372
Balances (in shares) at Jun. 30, 2024 65,588 3,105