Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Investment in real estate:    
Land $ 101,715 $ 95,381
Building 745,649 693,533
Site improvements 11,303 9,912
Tenant improvements 37,044 33,909
Acquired lease intangible assets 78,977 72,794
Investment in real estate, Total 974,688 905,529
Less: accumulated depreciation and amortization (64,635) (56,503)
Investment in real estate, net 910,053 849,026
Cash and cash equivalents 11,340 2,765
Restricted cash 5,536 4,420
Tenant receivables 5,708 4,957
Investment in real estate: 70 50
Escrow deposits 3,589 3,417
Deferred assets 16,141 14,512
Derivative asset   2,194
Other assets 3,731 3,593
Total assets 956,168 884,934
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $3,607 and $3,832 at March 31,2020 and December 31, 2019, respectively 425,843 347,518
Notes payable, net of unamortized debt issuance costs of $634 and $667 at March 31,2020 and December 31, 2019, respectively 38,648 38,650
Accounts payable and accrued expenses 7,144 5,069
Dividends payable 10,949 11,091
Security deposits and other 6,546 6,351
Due to related party 1,948 1,648
Derivative liability 20,461 8,685
Other liability 2,414 2,405
Acquired lease intangible liability, net 3,425 3,164
Total liabilities 517,378 424,581
Commitments and Contingencies
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at March 31, 2020 and December 31, 2019, respectively (liquidation preference of $77,625 at March 31, 2020 and December 31, 2019, respectively) 74,959 74,959
Common stock, $0.001 par value, 500,000 shares authorized; 44,278 shares and 43,806 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 44 44
Additional paid-in capital 440,220 433,330
Accumulated deficit (78,990) (71,389)
Accumulated other comprehensive loss (20,632) (6,674)
Total Global Medical REIT Inc. stockholders' equity 415,601 430,270
Noncontrolling interest 23,189 30,083
Total equity 438,790 460,353
Total liabilities and equity $ 956,168 $ 884,934