Global medical reit inc. (GMRE)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Aug'11
Assets
Investment in real estate:
Land

101,715

95,381

86,878

76,831

68,326

63,710

56,839

55,330

52,301

42,701

36,839

25,822

23,130

17,786

11,733

7,043

7,043

4,563

1,859

572

-

572

-

-

-

-

-

-

-

-

-

-

-

-

-

Building

745,649

693,533

637,505

597,029

533,430

518,451

493,503

486,766

436,185

384,338

349,041

306,198

270,401

179,253

113,094

87,040

87,040

51,574

-

-

-

23,801

-

21,867

-

-

-

-

-

-

-

-

-

-

-

Site improvements

11,303

9,912

9,100

7,672

6,982

6,880

6,714

6,562

5,590

4,808

3,992

3,115

2,686

1,465

-

-

-

0

34,123

23,801

24,373

-

24,373

-

-

-

-

-

-

-

-

-

-

-

-

Tenant improvements

37,044

33,909

31,465

27,371

16,206

15,357

14,328

12,189

9,201

8,010

5,095

2,996

2,552

1,186

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquired lease intangible assets

78,977

72,794

65,498

54,698

43,987

43,152

41,653

41,162

34,034

31,650

27,308

-

-

7,187

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in real estate, Total

974,688

905,529

830,446

763,601

668,931

647,550

613,037

602,009

537,311

471,507

422,277

338,133

298,770

206,877

124,828

94,084

94,084

56,138

-

-

-

24,373

-

21,867

-

-

-

-

-

-

-

-

-

-

-

Total Investment in Real Estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,982

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Investment in Real Estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,373

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: accumulated depreciation and amortization

64,635

56,503

48,731

41,882

35,771

30,625

26,839

22,026

17,420

13,594

10,142

6,520

4,669

3,367

2,517

1,932

1,388

989

-776

-622

-481

329

-278

129

-

-

-

-

-

-

-

-

-

-

-

Investment in real estate, net

910,053

849,026

781,715

721,719

633,160

616,925

586,198

579,983

519,891

457,913

412,135

331,612

294,100

203,510

122,311

92,152

92,696

55,148

35,206

23,750

23,891

24,044

24,094

21,737

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

11,340

2,765

2,815

3,216

1,844

3,631

3,005

4,755

3,351

5,109

6,776

12,033

8,356

19,671

81,347

2,574

-

9,184

-

-

-

-

-

-

-

-

-

-

-

9

11

-

27

-

47

Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

507

-

300

341

369

88

332

25

-

3

3

3

5

-

-

12

-

47

-

Restricted cash

5,536

4,420

3,011

2,656

1,464

1,212

817

1,432

4,050

2,005

2,040

2,291

1,773

941

805

977

1,277

447

-

-

-

197

-

137

-

-

-

-

-

-

-

-

-

-

-

Tenant receivables

5,708

4,957

4,167

3,935

3,559

2,905

1,744

1,339

1,253

704

616

534

347

212

177

-

261

0

-

-

0

2

2

-

-

-

-

-

-

-

-

-

-

-

-

Investment in real estate:

70

50

75

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Escrow deposits

3,589

3,417

2,865

3,518

3,296

1,752

2,628

2,080

2,508

1,638

1,297

979

2,528

1,212

903

945

889

454

-

-

-

14

-

14

-

-

-

-

-

-

-

-

-

-

-

Acquired lease intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

17,218

15,991

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Escrow deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

-

7,775

-

-

-

-

-

-

-

-

-

-

Deferred assets

16,141

14,512

13,307

11,831

10,358

9,352

8,590

7,200

5,171

3,993

2,923

1,867

1,087

705

245

1,735

436

93

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative asset

-

2,194

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

-

-

-

-

-

0

19

-

-

-

-

-

-

-

-

-

-

-

Tenant receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent receivable and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expense and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs, net

-

-

-

-

-

-

-

2,955

3,105

-

2,977

2,770

1,570

927

-

-

-

0

339

232

261

-

301

309

-

-

-

-

-

-

-

-

-

-

-

Other assets

3,731

3,593

4,363

3,847

3,009

322

1,109

2,283

527

459

160

88

11

141

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

956,168

884,934

812,318

750,722

656,690

636,099

604,091

602,027

539,856

471,821

428,927

369,395

325,768

227,319

205,791

98,385

96,096

65,328

35,872

24,349

24,523

24,348

24,746

22,244

7,775

-

-

3

-

-

-

-

-

-

-

Prepaid expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

-

-

-

-

-

0

-

7

Prepaid Expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Total Current Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

3

-

5

9

11

12

27

47

54

Liabilities and Equity
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

363,242

315,691

219,993

276,353

293,273

288,350

229,150

162,150

126,100

144,500

128,900

27,700

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

38,651

38,652

38,652

38,654

38,643

38,610

38,577

38,545

38,511

38,478

38,446

38,413

39,920

54,458

54,488

23,485

-

-

-

16,468

-

15,060

-

-

-

-

-

-

-

-

-

-

-

Convertible debenture, due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

25,030

25,030

40,030

-

-

-

5,446

-

4,536

-

-

-

-

-

-

-

-

-

-

-

Note payable to majority stockholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

421

421

-

-

-

-

38

-

38

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

315

138

113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to related parties, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

580

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to related party, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

506

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

306

-

42

20

21

19

13

10

9

7

6

-

0

Due to related parties, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

420

-

300

-

-

23

5

0

0

0

0

0

0

-

0

Convertible debenture, due to majority shareholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,991

5,446

5,446

-

5,446

-

-

-

-

-

-

-

-

-

-

-

-

Note payable to majority stockholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

388

388

388

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable to related parties

-

-

-

-

-

-

-

-

-

-

0

0

421

421

421

450

450

421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

7,144

5,069

5,501

4,224

3,385

3,664

4,420

5,494

4,125

2,020

2,433

2,216

1,932

574

416

3,078

1,568

683

-

-

-

338

-

176

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

10,949

11,091

9,470

9,081

8,985

6,981

6,109

5,940

5,826

5,638

4,767

3,700

3,651

3,604

3,592

-

-

0

-

-

-

-

21

-

-

-

-

-

-

-

-

-

-

-

-

Security deposits and other

6,546

6,351

6,362

5,881

4,122

4,152

3,928

5,052

4,912

2,128

2,206

2,444

2,099

720

597

319

319

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to related party

-

-

-

-

-

1,030

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to related party

1,948

1,648

1,584

1,358

1,100

-

1,028

987

1,035

1,036

802

638

586

581

1,135

2,493

1,068

847

-

-

-

330

-

213

-

-

-

-

-

-

-

-

-

-

-

Derivative liability

20,461

8,685

10,399

9,083

5,520

3,487

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liability

2,414

2,405

2,379

2,371

2,367

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquired lease intangible liability, net

3,425

3,164

3,287

2,778

2,004

2,028

2,034

2,081

1,488

1,291

1,080

1,112

475

278

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable related to acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,880

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable to shareholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

-

7,776

-

-

-

-

-

-

-

-

-

-

Notes payable related to acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,592

-

-

16,760

-

-

-

-

-

-

-

-

-

-

-

-

Note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,681

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

517,378

424,581

440,875

389,119

286,128

336,349

349,435

346,514

285,113

212,808

175,900

193,092

176,513

72,291

46,083

86,250

83,346

65,467

35,157

23,071

23,049

22,622

22,872

20,023

7,819

-

-

19

-

-

-

-

-

-

-

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

74,959

74,959

74,959

74,959

74,959

74,959

74,959

74,959

74,959

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Due to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Total Current Liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

27

-

13

10

9

7

6

0

0

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

36

35

35

26

22

22

22

22

21

21

17

18

17

1

1

0

0

0

0

0

0

0

8

8

8

8

8

8

8

5

5

5

5

Additional paid-in capital

440,220

433,330

340,435

322,872

322,359

243,038

208,938

205,788

205,788

205,788

207,268

202,513

172,417

171,997

171,143

18,010

18,010

3,011

3,011

3,011

3,011

3,011

3,011

3,011

72

72

72

72

72

72

72

49

49

49

49

Accumulated deficit

-78,990

-71,389

-63,846

-57,397

-51,390

-45,007

-46,855

-

-

-34,434

-

-

-

-

-

-

-

-

-2,296

-1,734

-1,538

-

-1,137

-

-124

-

-

-95

-

-

-

-

-

-

-

Accumulated other comprehensive loss

-20,632

-6,674

-10,596

-9,293

-5,743

-3,721

-109

-42,739

-38,349

0

-29,914

-26,231

-23,179

-16,987

-11,452

-5,877

-5,261

-3,150

-

-

-

-1,285

-

-790

-

-

-

-

-

-

-

-

-

-

-

Deficit accumulated during the development stage

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-117

-103

-

-88

-81

-78

-50

-33

-8

-0

Total Global Medical REIT Inc. stockholders' equity

415,601

430,270

340,988

331,176

340,220

269,295

236,955

238,030

242,420

246,335

252,334

176,302

149,254

155,028

159,708

12,134

12,750

-138

715

1,277

1,473

1,726

1,874

2,221

-44

-37

-23

-15

-8

-1

1

4

21

46

54

Noncontrolling interest

23,189

30,083

30,455

30,427

30,342

30,455

17,701

17,483

12,323

12,678

691

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

438,790

460,353

371,443

361,603

370,562

299,750

254,656

255,513

254,743

259,013

253,026

-

-

155,028

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity

956,168

884,934

812,318

750,722

656,690

636,099

604,091

602,027

539,856

471,821

428,927

369,395

325,768

227,319

205,791

98,385

96,096

65,328

35,872

24,349

24,523

24,348

24,746

22,244

7,775

7

3

3

5

9

11

12

27

47

54