Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Investment in real estate:    
Land $ 168,110 $ 164,315
Building 1,041,006 1,035,705
Site improvements 22,946 21,974
Tenant improvements 66,933 66,358
Acquired lease intangible assets 137,886 138,617
Investment in real estate, Total 1,436,881 1,426,969
Less: accumulated depreciation and amortization (283,941) (247,503)
Investment in real estate, net 1,152,940 1,179,466
Cash and cash equivalents 5,723 1,278
Restricted cash 2,066 5,446
Tenant receivables, net 8,122 6,762
Escrow deposits 1,694 673
Deferred assets 27,685 27,132
Derivative asset 14,967 25,125
Goodwill 5,903 5,903
Other Assets 23,091 15,722
Total assets 1,242,595 1,267,700
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $5,418 and $7,067 at September 30, 2024 and December 31, 2023, respectively 614,382 585,333
Notes payable, net of unamortized debt issuance costs of $31 and $66 at September 30, 2024 and December 31, 2023, respectively 14,493 25,899
Accounts payable and accrued expenses 13,350 12,781
Dividends payable 16,534 16,134
Security deposits 3,222 3,688
Other liabilities 12,370 12,770
Acquired lease intangible liability, net 3,638 5,281
Total liabilities 677,989 661,886
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at September 30, 2024 and December 31, 2023, respectively (liquidation preference of $77,625 at September 30, 2024 and December 31, 2023, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 66,803 shares and 65,565 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 67 66
Additional paid-in capital 733,626 722,418
Accumulated deficit (281,067) (238,984)
Accumulated other comprehensive income (loss) 14,967 25,125
Total Global Medical REIT Inc. stockholders' equity 542,552 583,584
Noncontrolling interest 22,054 22,230
Total equity 564,606 605,814
Total liabilities and equity 1,242,595 1,267,700
Related Party [Member]    
Investment in real estate:    
Due from related parties 404 193
Liabilities:    
Other liabilities $ 0 $ 0