Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Investment in real estate:    
Land $ 174,300 $ 164,315
Building 1,044,019 1,035,705
Site improvements 23,973 21,974
Tenant improvements 69,679 66,358
Acquired lease intangible assets 138,945 138,617
Investment in real estate, Total 1,450,916 1,426,969
Less: accumulated depreciation and amortization (288,921) (247,503)
Investment in real estate, net 1,161,995 1,179,466
Cash and cash equivalents 6,815 1,278
Restricted cash 2,127 5,446
Tenant receivables, net 7,424 6,762
Escrow deposits 711 673
Deferred assets 28,208 27,132
Derivative asset 18,613 25,125
Goodwill 5,903 5,903
Investment in unconsolidated joint venture 2,066  
Other Assets 22,354 15,722
Total assets 1,256,486 1,267,700
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $4,868 and $7,067 at December 31, 2024 and December 31, 2023, respectively 631,732 585,333
Notes payable, net of unamortized debt issuance costs of $22 and $66 at December 31, 2024 and December 31, 2023, respectively 14,399 25,899
Accounts payable and accrued expenses 16,468 12,781
Dividends payable 16,520 16,134
Security deposits 3,324 3,688
Other liabilities 14,191 12,770
Acquired lease intangible liability, net 3,936 5,281
Total liabilities 700,570 661,886
Commitments and Contingencies
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at December 31, 2024 and December 31, 2023, respectively (liquidation preference of $77,625 at December 31, 2024 and December 31, 2023, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 66,871 shares and 65,565 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 67 66
Additional paid-in capital 734,223 722,418
Accumulated deficit (293,736) (238,984)
Accumulated other comprehensive income (loss) 18,613 25,125
Total Global Medical REIT Inc. stockholders' equity 534,126 583,584
Noncontrolling interest 21,790 22,230
Total equity 555,916 605,814
Total liabilities and equity 1,256,486 1,267,700
Related Party [Member]    
Investment in real estate:    
Due from related parties 270 193
Liabilities:    
Other liabilities $ 0 $ 0