10-Q Filing

GLOBAL MEDICAL REIT INC. CIK: 1533615 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001104659-20-058818`
Period End Date	20200331
Filing Date	20200508
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	gmre-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 98 Income Statement 34 Cash Flow Statement 80 Stockholders Equity 28 Comprehensive Income 14

Balance Sheet 98 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$95.38M	USD	Point-in-time
Land	`Land`	$101.72M	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$745.65M	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$693.53M	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$11.30M	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$9.91M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$33.91M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$37.04M	USD	Point-in-time
Net of unamortized debt	`DebtInstrumentUnamortizedDiscount`	$667.00K	USD	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$78.98M	USD	Point-in-time
Net of unamortized debt	`DebtInstrumentUnamortizedDiscount`	$634.00K	USD	Point-in-time
Acquired lease intangible assets	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$72.79M	USD	Point-in-time
Investment in real estate, Total	`RealEstateInvestmentPropertyAtCost`	$974.69M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investment in real estate, Total	`RealEstateInvestmentPropertyAtCost`	$905.53M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$56.50M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$64.64M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$910.05M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3.10M	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$849.03M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3.10M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.84M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3.10M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3.10M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.77M	USD	Point-in-time
Preferred Stock, Liquidation Preference, Value	`PreferredStockLiquidationPreferenceValue`	$77.62M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$5.54M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$4.42M	USD	Point-in-time
Preferred Stock, Liquidation Preference, Value	`PreferredStockLiquidationPreferenceValue`	$77.62M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.46M	USD	Point-in-time
Tenant receivables	`AccountsReceivableNet`	$5.71M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Tenant receivables	`AccountsReceivableNet`	$4.96M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Investment in real estate:	`DueFromRelatedParties`	$70.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Investment in real estate:	`DueFromRelatedParties`	$50.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.28M	shares	Point-in-time
Escrow deposits	`DepositsAssets`	$3.42M	USD	Point-in-time
Escrow deposits	`DepositsAssets`	$3.59M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.81M	shares	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$14.51M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.81M	shares	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$16.14M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.28M	shares	Point-in-time
Derivative asset	`DerivativeAssets`	$2.19M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.59M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.73M	USD	Point-in-time
Total assets	`Assets`	$956.17M	USD	Point-in-time
Total assets	`Assets`	$884.93M	USD	Point-in-time
Credit Facility, net of unamortized debt issuance costs of $3,607 and $3,832 at March 31,2020 and December 31, 2019, respectively	`LineOfCredit`	$425.84M	USD	Point-in-time
Credit Facility, net of unamortized debt issuance costs of $3,607 and $3,832 at March 31,2020 and December 31, 2019, respectively	`LineOfCredit`	$347.52M	USD	Point-in-time
Notes payable, net of unamortized debt issuance costs of $634 and $667 at March 31,2020 and December 31, 2019, respectively	`NotesPayable`	$38.65M	USD	Point-in-time
Notes payable, net of unamortized debt issuance costs of $634 and $667 at March 31,2020 and December 31, 2019, respectively	`NotesPayable`	$38.65M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$7.14M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$5.07M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$10.95M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$11.09M	USD	Point-in-time
Security deposits and other	`SecurityDepositLiability`	$6.55M	USD	Point-in-time
Security deposits and other	`SecurityDepositLiability`	$6.35M	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.95M	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.65M	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$8.69M	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$20.46M	USD	Point-in-time
Other liability	`OtherLiabilities`	$2.40M	USD	Point-in-time
Other liability	`OtherLiabilities`	$2.41M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$3.16M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$3.16M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$3.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$424.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$517.38M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
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)	`PreferredStockValue`	$74.96M	USD	Point-in-time
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)	`PreferredStockValue`	$74.96M	USD	Point-in-time
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	`CommonStockValue`	$44.00K	USD	Point-in-time
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	`CommonStockValue`	$44.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$440.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$433.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-71.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-78.99M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.67M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.63M	USD	Point-in-time
Total Global Medical REIT Inc. stockholders' equity	`StockholdersEquity`	$415.60M	USD	Point-in-time
Total Global Medical REIT Inc. stockholders' equity	`StockholdersEquity`	$430.27M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$23.19M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$30.08M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$438.79M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$299.75M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.56M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$460.35M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$956.17M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$884.93M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`OperatingLeaseLeaseIncome`	$21.53M	USD	1 Quarter
Rental revenue	`OperatingLeaseLeaseIncome`	$15.14M	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$116.00K	USD	1 Quarter
Other income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$59.00K	USD	1 Quarter
Total revenue	`Revenues`	$15.20M	USD	1 Quarter
Total revenue	`Revenues`	$21.65M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.61M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.84M	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$1.32M	USD	1 Quarter
Operating expenses	`OtherGeneralExpense`	$2.30M	USD	1 Quarter
Management fees - related party	`ManagementFeeExpense`	$2.00M	USD	1 Quarter
Management fees - related party	`ManagementFeeExpense`	$1.33M	USD	1 Quarter
Depreciation expense	`Depreciation`	$5.84M	USD	1 Quarter
Depreciation expense	`Depreciation`	$3.87M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$1.00M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$1.92M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.38M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.03M	USD	1 Quarter
Management internalization expense	`ManagementInternalizationExpense`	$504.00K	USD	1 Quarter
Preacquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$49.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$18.83M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$13.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.04M	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$60.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$107.00K	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$528.00K	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.25M	USD	1 Quarter
Net income attributable to common stockholders per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.02	USD	1 Quarter
Net income attributable to common stockholders per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	44.18M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.38M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.04M	USD	1 Quarter
Depreciation expense	`Depreciation`	$5.84M	USD	1 Quarter
Depreciation expense	`Depreciation`	$3.87M	USD	1 Quarter
Amortization of acquired lease intangible assets	`FinanceLeaseRightOfUseAssetAmortization`	$1.92M	USD	1 Quarter
Amortization of acquired lease intangible assets	`FinanceLeaseRightOfUseAssetAmortization`	$1.00M	USD	1 Quarter
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$247.00K	USD	1 Quarter
Amortization of above market leases, net	`AmortizationOfAboveAndBelowMarketLeases`	$219.00K	USD	1 Quarter
Amortization of debt issuance costs and other	`OtherAmortizationOfDeferredCharges`	$315.00K	USD	1 Quarter
Amortization of debt issuance costs and other	`OtherAmortizationOfDeferredCharges`	$313.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$922.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$771.00K	USD	1 Quarter
Capitalized preacquisition costs charged to expense	`NoncashMergerRelatedCosts`	$7.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-33.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-26.00K	USD	1 Quarter
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$654.00K	USD	1 Quarter
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$751.00K	USD	1 Quarter
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.01M	USD	1 Quarter
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.63M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-32.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-28.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-634.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.05M	USD	1 Quarter
Security deposits and other	`IncreaseDecreaseInSecurityDeposits`	$195.00K	USD	1 Quarter
Security deposits and other	`IncreaseDecreaseInSecurityDeposits`	$-30.00K	USD	1 Quarter
Accrued management fees due to related party	`IncreaseDecreaseInDueToRelatedParties`	$192.00K	USD	1 Quarter
Accrued management fees due to related party	`IncreaseDecreaseInDueToRelatedParties`	$275.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.15M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.26M	USD	1 Quarter
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$20.84M	USD	1 Quarter
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$68.46M	USD	1 Quarter
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$100.00K	USD	1 Quarter
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$1.47M	USD	1 Quarter
Loan repayments received from (made to) related party	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-122.00K	USD	1 Quarter
Loan repayments received from (made to) related party	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$5.00K	USD	1 Quarter
Capital expenditures on existing real estate investments	`PaymentsForProceedsFromInvestments`	$211.00K	USD	1 Quarter
Capital expenditures on existing real estate investments	`PaymentsForProceedsFromInvestments`	$9.00K	USD	1 Quarter
Preacquisition costs	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$211.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.66M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-68.76M	USD	1 Quarter
Net proceeds received from common equity offerings	`ProceedsFromIssuanceOfCommonStock`	$78.94M	USD	1 Quarter
Payment of accrued common stock offerin'g costs	`PaymentOfFinancingAndStockIssuanceCosts`	$269.00K	USD	1 Quarter
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$72.00K	USD	1 Quarter
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$72.00K	USD	1 Quarter
Repayment of note payable	`PaymentsOnNotesPayableFromAcquisitions`	$35.00K	USD	1 Quarter
Repayment of note payable	`PaymentsOnNotesPayableFromAcquisitions`	$35.00K	USD	1 Quarter
Proceeds from Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$81.70M	USD	1 Quarter
Proceeds from Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$6.20M	USD	1 Quarter
Repayment of Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$62.80M	USD	1 Quarter
Repayment of Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$3.60M	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCost`	$29.00K	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCost`	$44.00K	USD	1 Quarter
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentOfDividendsCommonStockOpAndLtipUnits`	$10.03M	USD	1 Quarter
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentOfDividendsCommonStockOpAndLtipUnits`	$5.78M	USD	Annual
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	`PaymentOfDividendsCommonStockOpAndLtipUnits`	$5.78M	USD	1 Quarter
Dividends paid to preferred stockholders	`PaymentsOfDividends`	$1.46M	USD	1 Quarter
Dividends paid to preferred stockholders	`PaymentsOfDividends`	$1.46M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$66.19M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.97M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$9.69M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.53M	USD	1 Quarter
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.31M	USD	Point-in-time
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.18M	USD	Point-in-time
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.84M	USD	Point-in-time
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.88M	USD	Point-in-time
Cash and cash equivalents and restricted cash-beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.31M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.31M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.18M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.84M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.88M	USD	Point-in-time
Cash and cash equivalents and restricted cash-end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.31M	USD	Point-in-time
Cash payments for interest	`InterestPaidNet`	$3.71M	USD	1 Quarter
Cash payments for interest	`InterestPaidNet`	$3.82M	USD	1 Quarter
Accrued dividends payable	`LiabilitiesAssumed1`	$10.95M	USD	1 Quarter
Accrued dividends payable	`LiabilitiesAssumed1`	$8.98M	USD	1 Quarter
Initial recognition of lease liability related to right of use asset	`InitialRecognitionOfLeaseLiabilityRelatedToRightOfUseAsset`	$2.35M	USD	1 Quarter
OP Units issued for property acquisition	`CapitalExpendituresIncurredButNotYetPaid`	$506.00K	USD	1 Quarter
Accrued common stock offering costs	`AccruedCommonStockOfferingCosts`	$190.00K	USD	1 Quarter
LTIP Units and OP Units redeemed for common stock	`UnitsConvertedToCommonStock`	$6.89M	USD	1 Quarter
LTIP Units and OP Units redeemed for common stock	`UnitsConvertedToCommonStock`	$576.00K	USD	1 Quarter

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Dividends to common stockholders	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends to common stockholders	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends to preferred stockholders	`PreferredStockDividendsPerShareDeclared`	$0.47	USD	1 Quarter
Dividends to preferred stockholders	`PreferredStockDividendsPerShareDeclared`	$0.47	USD	1 Quarter
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$438.79M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$299.75M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.56M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$460.35M	USD	Point-in-time
Net income	`NetIncomeLoss`	$2.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.04M	USD	1 Quarter
Issuance of shares of common stock, net	`CommonStockIssuedDuringPeriodValueNewIssues`	$78.75M	USD	1 Quarter
LTIP Units and OP Units redeemed for common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
LTIP Units and OP Units redeemed for common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$922.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$771.00K	USD	1 Quarter
Change in fair value of interest rate swap agreements	`GmreOtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap`	$-2.02M	USD	1 Quarter
Change in fair value of interest rate swap agreements	`GmreOtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap`	$-13.96M	USD	1 Quarter
Dividends to common stockholders ($0.20 per share)	`DividendsCommonStock`	$8.86M	USD	1 Quarter
Dividends to common stockholders ($0.20 per share)	`DividendsCommonStock`	$6.91M	USD	1 Quarter
Dividends to preferred stockholders ($0.46875 per share)	`DividendsPreferredStock`	$1.46M	USD	1 Quarter
Dividends to preferred stockholders ($0.46875 per share)	`DividendsPreferredStock`	$1.46M	USD	1 Quarter
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$874.00K	USD	1 Quarter
Dividends to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.03M	USD	1 Quarter
OP Units issued to third parties	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$506.00K	USD	1 Quarter
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$438.79M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$299.75M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.56M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$460.35M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.04M	USD	1 Quarter
Decrease in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-13.96M	USD	1 Quarter
Decrease in fair value of interest rate swap agreements	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-2.02M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-13.96M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.02M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$21.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-11.14M	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	USD	1 Quarter
Less: Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.46M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-986.00K	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-142.00K	USD	1 Quarter
Comprehensive loss attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$-11.61M	USD	1 Quarter
Comprehensive loss attributable to common stockholders	`ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders`	$-1.29M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.