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10-K Filing

GLOBAL MEDICAL REIT INC. CIK: 1533615 FY 2020
Filing Information
Form Type 10-K
Accession Number 0001558370-21-002560
Period End Date 20201231
Filing Date 20210308
Fiscal Year 2020
Fiscal Period FY
XBRL Instance gmre-20201231x10k_htm.xml
Balance Sheet 96 line items
Line Item Tag Value Unit Period
Land Land $128.86M USD Point-in-time
Land Land $95.38M USD Point-in-time
Building InvestmentBuildingAndBuildingImprovements $693.53M USD Point-in-time
Building InvestmentBuildingAndBuildingImprovements $851.43M USD Point-in-time
Site improvements BuildingsAndImprovementsGross $15.18M 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 $49.20M USD Point-in-time
Acquired lease intangible assets FiniteLivedIntangibleAssetAcquiredInPlaceLeases $72.79M USD Point-in-time
Acquired lease intangible assets FiniteLivedIntangibleAssetAcquiredInPlaceLeases $98.23M USD Point-in-time
Unamortized debt issuance costs UnamortizedDebtIssuanceExpense $835.00K USD Point-in-time
Investment in real estate, Total RealEstateInvestmentPropertyAtCost $1.14B USD Point-in-time
Unamortized debt issuance costs UnamortizedDebtIssuanceExpense $667.00K USD Point-in-time
Investment in real estate, Total RealEstateInvestmentPropertyAtCost $905.53M 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
Less: accumulated depreciation and amortization RealEstateInvestmentPropertyAccumulatedDepreciation $94.46M USD Point-in-time
Less: accumulated depreciation and amortization RealEstateInvestmentPropertyAccumulatedDepreciation $56.50M USD Point-in-time
Investment in real estate, net RealEstateInvestmentPropertyNet $1.05B USD Point-in-time
Investment in real estate, net RealEstateInvestmentPropertyNet $849.03M 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
Preferred stock, shares issued PreferredStockSharesIssued 3.10M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $5.51M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.77M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 3.10M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $4.42M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $5.25M 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
Preferred stock, liquidation preference PreferredStockLiquidationPreferenceValue $77.62M USD Point-in-time
Tenant receivables, net AccountsReceivableNet $4.96M USD Point-in-time
Tenant receivables, net AccountsReceivableNet $5.60M USD Point-in-time
Preferred stock, liquidation preference PreferredStockLiquidationPreferenceValue $77.62M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Due from related parties DueFromRelatedParties $50.00K USD Point-in-time
Due from related parties DueFromRelatedParties $103.00K USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Escrow deposits DepositsAssets $3.42M USD Point-in-time
Escrow deposits DepositsAssets $4.82M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 49.46M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 43.81M shares Point-in-time
Deferred assets DeferredCostsAndOtherAssets $20.27M USD Point-in-time
Deferred assets DeferredCostsAndOtherAssets $14.51M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 49.46M shares Point-in-time
Derivative asset DerivativeAssets $2.19M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 43.81M shares Point-in-time
Derivative asset DerivativeAssets - USD Point-in-time
Goodwill Goodwill $5.90M USD Point-in-time
Goodwill Goodwill - USD Point-in-time
Other assets OtherAssetsNoncurrent $3.59M USD Point-in-time
Other assets OtherAssetsNoncurrent $5.02M USD Point-in-time
Total assets Assets $884.93M USD Point-in-time
Total assets Assets $1.10B USD Point-in-time
Credit Facility, net of unamortized debt issuance costs of $3,559 and $3,832 at December 31, 2020 and December 31, 2019, respectively LineOfCredit $521.64M USD Point-in-time
Credit Facility, net of unamortized debt issuance costs of $3,559 and $3,832 at December 31, 2020 and December 31, 2019, respectively LineOfCredit $347.52M USD Point-in-time
Notes payable, net of unamortized debt issuance costs of $835 and $667 at December 31, 2020 and December 31, 2019, respectively NotesPayable $64.94M USD Point-in-time
Notes payable, net of unamortized debt issuance costs of $835 and $667 at December 31, 2020 and December 31, 2019, respectively NotesPayable $38.65M USD Point-in-time
Accounts payable and accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $7.28M USD Point-in-time
Accounts payable and accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $5.07M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $11.09M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $12.47M USD Point-in-time
Security deposits and other SecurityDepositLiability $6.35M USD Point-in-time
Security deposits and other SecurityDepositLiability $4.34M USD Point-in-time
Due to related party DueToRelatedPartiesCurrentAndNoncurrent - 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 $18.09M USD Point-in-time
Other liability OtherLiabilities $6.17M USD Point-in-time
Other liability OtherLiabilities $2.40M USD Point-in-time
Acquired lease intangible liability, net BelowMarketLeaseNet $8.22M USD Point-in-time
Acquired lease intangible liability, net BelowMarketLeaseNet $3.16M USD Point-in-time
Total liabilities Liabilities $643.15M USD Point-in-time
Total liabilities Liabilities $424.58M USD Point-in-time
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at December 31, 2020 and December 31, 2019, respectively (liquidation preference of $77,625 at December 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 December 31, 2020 and December 31, 2019, respectively (liquidation preference of $77,625 at December 31, 2020 and December 31, 2019, respectively) PreferredStockValue $74.96M USD Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 49,461 shares and 43,806 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively CommonStockValue $49.00K USD Point-in-time
Common stock, $0.001 par value, 500,000 shares authorized; 49,461 shares and 43,806 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively CommonStockValue $44.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $433.33M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $504.79M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-71.39M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-116.77M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-18.22M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-6.67M USD Point-in-time
Total Global Medical REIT Inc. stockholders' equity StockholdersEquity $430.27M USD Point-in-time
Total Global Medical REIT Inc. stockholders' equity StockholdersEquity $444.81M USD Point-in-time
Noncontrolling interest MinorityInterest $30.08M USD Point-in-time
Noncontrolling interest MinorityInterest $12.96M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $457.76M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $259.01M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $299.75M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $460.35M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $884.93M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.10B USD Point-in-time
Income Statement 124 line items
Line Item Tag Value Unit Period
Rental revenue OperatingLeaseLeaseIncome $93.52M USD Annual
Rental revenue OperatingLeaseLeaseIncome $70.52M USD Annual
Rental revenue OperatingLeaseLeaseIncome $53.14M USD Annual
Other income RevenueFromContractWithCustomerIncludingAssessedTax $54.00K USD Annual
Other income RevenueFromContractWithCustomerIncludingAssessedTax $211.00K USD Annual
Other income RevenueFromContractWithCustomerIncludingAssessedTax $212.00K USD Annual
Total revenue Revenues $22.05M USD 1 Quarter
Total revenue Revenues $21.65M USD 1 Quarter
Total revenue Revenues $70.73M USD Annual
Total revenue Revenues $25.10M USD 1 Quarter
Total revenue Revenues $20.45M USD 1 Quarter
Total revenue Revenues $24.93M USD 1 Quarter
Total revenue Revenues $93.73M USD Annual
Total revenue Revenues $16.88M USD 1 Quarter
Total revenue Revenues $15.20M USD 1 Quarter
Total revenue Revenues $18.20M USD 1 Quarter
Total revenue Revenues $53.19M USD Annual
General and administrative GeneralAndAdministrativeExpense $5.54M USD Annual
General and administrative GeneralAndAdministrativeExpense $6.54M USD Annual
General and administrative GeneralAndAdministrativeExpense $11.94M USD Annual
Operating expenses OtherGeneralExpense $10.87M USD Annual
Operating expenses OtherGeneralExpense $3.72M USD Annual
Operating expenses OtherGeneralExpense $5.96M USD Annual
Management fees - related party ManagementFeeExpense $6.27M USD Annual
Management fees - related party ManagementFeeExpense $4.42M USD Annual
Management fees - related party ManagementFeeExpense $4.02M USD Annual
Depreciation expense Depreciation $26.75M USD Annual
Depreciation expense Depreciation $13.64M USD Annual
Depreciation expense Depreciation $19.07M USD Annual
Amortization expense AdjustmentForAmortization $3.62M USD Annual
Amortization expense AdjustmentForAmortization $5.57M USD Annual
Amortization expense AdjustmentForAmortization $9.61M USD Annual
Interest expense InterestExpense $14.97M USD Annual
Interest expense InterestExpense $18.68M USD Annual
Interest expense InterestExpense $17.47M USD Annual
Management internalization expense ManagementInternalizationExpense - USD Annual
Management internalization expense ManagementInternalizationExpense - USD Annual
Management internalization expense ManagementInternalizationExpense $14.01M USD Annual
Preacquisition expense BusinessCombinationAcquisitionRelatedCosts $271.00K USD Annual
Preacquisition expense BusinessCombinationAcquisitionRelatedCosts $365.00K USD Annual
Preacquisition expense BusinessCombinationAcquisitionRelatedCosts $383.00K USD Annual
Total expenses OperatingExpenses $61.14M USD Annual
Total expenses OperatingExpenses $34.68M USD 1 Quarter
Total expenses OperatingExpenses $15.89M USD 1 Quarter
Total expenses OperatingExpenses $13.16M USD 1 Quarter
Total expenses OperatingExpenses $22.34M USD 1 Quarter
Total expenses OperatingExpenses $96.23M USD Annual
Total expenses OperatingExpenses $17.68M USD 1 Quarter
Total expenses OperatingExpenses $14.42M USD 1 Quarter
Total expenses OperatingExpenses $46.31M USD Annual
Total expenses OperatingExpenses $20.38M USD 1 Quarter
Total expenses OperatingExpenses $18.83M USD 1 Quarter
(Loss) income before gain on sale of investment property IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges $9.59M USD Annual
(Loss) income before gain on sale of investment property IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges $6.89M USD Annual
(Loss) income before gain on sale of investment property IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges $-2.50M USD Annual
Gain on sale of investment property GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes - USD Annual
Gain on sale of investment property GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes - USD Annual
Gain on sale of investment property GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes $7.67M USD Annual
Net (loss) income NetIncomeLoss $14.56M USD Annual
Net (loss) income NetIncomeLoss $2.77M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.46M USD 1 Quarter
Net (loss) income NetIncomeLoss $-2.50M USD Annual
Net (loss) income NetIncomeLoss $1.67M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.82M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.04M USD 1 Quarter
Net (loss) income NetIncomeLoss $-9.58M USD 1 Quarter
Net (loss) income NetIncomeLoss $9.59M USD Annual
Net (loss) income NetIncomeLoss $2.31M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.59M USD 1 Quarter
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $5.82M USD Annual
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $5.82M USD Annual
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $1.46M USD 1 Quarter
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $1.46M USD 1 Quarter
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $5.82M USD Annual
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $1.46M USD 1 Quarter
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $1.46M USD 1 Quarter
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $1.46M USD 1 Quarter
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $1.46M 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 loss (income) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $13.00K USD 1 Quarter
Less: Net loss (income) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.07M USD Annual
Less: Net loss (income) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $83.00K USD 1 Quarter
Less: Net loss (income) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $108.00K USD 1 Quarter
Less: Net loss (income) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $107.00K USD 1 Quarter
Less: Net loss (income) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $74.00K USD 1 Quarter
Less: Net loss (income) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-574.00K USD Annual
Less: Net loss (income) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-767.00K USD 1 Quarter
Less: Net loss (income) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $60.00K USD 1 Quarter
Less: Net loss (income) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $354.00K USD Annual
Less: Net loss (income) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $103.00K USD 1 Quarter
Net (loss) income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $7.67M USD Annual
Net (loss) income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $-7.75M USD Annual
Net (loss) income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $1.25M USD 1 Quarter
Net (loss) income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $204.00K USD 1 Quarter
Net (loss) income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $904.00K USD 1 Quarter
Net (loss) income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $1.21M USD 1 Quarter
Net (loss) income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $1.06M USD 1 Quarter
Net (loss) income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $3.41M USD Annual
Net (loss) income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $-10.27M USD 1 Quarter
Net (loss) income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $770.00K USD 1 Quarter
Net (loss) income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $528.00K USD 1 Quarter
Net (loss) income attributable to common stockholders per share - basic and diluted EarningsPerShareBasicAndDiluted $0.02 USD 1 Quarter
Net (loss) income attributable to common stockholders per share - basic and diluted EarningsPerShareBasicAndDiluted $0.02 USD 1 Quarter
Net (loss) income attributable to common stockholders per share - basic and diluted EarningsPerShareBasicAndDiluted $0.10 USD Annual
Net (loss) income attributable to common stockholders per share - basic and diluted EarningsPerShareBasicAndDiluted - USD 1 Quarter
Net (loss) income attributable to common stockholders per share - basic and diluted EarningsPerShareBasicAndDiluted $0.02 USD 1 Quarter
Net (loss) income attributable to common stockholders per share - basic and diluted EarningsPerShareBasicAndDiluted $0.03 USD 1 Quarter
Net (loss) income attributable to common stockholders per share - basic and diluted EarningsPerShareBasicAndDiluted $0.03 USD 1 Quarter
Net (loss) income attributable to common stockholders per share - basic and diluted EarningsPerShareBasicAndDiluted $-0.22 USD 1 Quarter
Net (loss) income attributable to common stockholders per share - basic and diluted EarningsPerShareBasicAndDiluted $0.03 USD 1 Quarter
Net (loss) income attributable to common stockholders per share - basic and diluted EarningsPerShareBasicAndDiluted $0.35 USD Annual
Net (loss) income attributable to common stockholders per share - basic and diluted EarningsPerShareBasicAndDiluted $-0.17 USD Annual
Weighted average shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 44.18M shares 1 Quarter
Weighted average shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 48.50M shares 1 Quarter
Weighted average shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 35.51M shares 1 Quarter
Weighted average shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 45.40M shares 1 Quarter
Weighted average shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 33.87M shares Annual
Weighted average shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 37.88M shares 1 Quarter
Weighted average shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 27.38M shares 1 Quarter
Weighted average shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 34.56M shares 1 Quarter
Weighted average shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 46.26M shares Annual
Weighted average shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 46.91M shares 1 Quarter
Weighted average shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 21.97M shares Annual
Cash Flow Statement 155 line items
Line Item Tag Value Unit Period
Cash acquired CashAcquiredFromAcquisition $559.00K USD Annual
Net (loss) income NetIncomeLoss $14.56M USD Annual
Net (loss) income NetIncomeLoss $2.77M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.46M USD 1 Quarter
Net (loss) income NetIncomeLoss $-2.50M USD Annual
Net (loss) income NetIncomeLoss $1.67M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.82M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.04M USD 1 Quarter
Net (loss) income NetIncomeLoss $-9.58M USD 1 Quarter
Net (loss) income NetIncomeLoss $9.59M USD Annual
Net (loss) income NetIncomeLoss $2.31M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.59M USD 1 Quarter
Depreciation expense Depreciation $26.75M USD Annual
Depreciation expense Depreciation $13.64M USD Annual
Depreciation expense Depreciation $19.07M USD Annual
Amortization of acquired lease intangible assets FinanceLeaseRightOfUseAssetAmortization $3.62M USD Annual
Amortization of acquired lease intangible assets FinanceLeaseRightOfUseAssetAmortization $5.57M USD Annual
Amortization of acquired lease intangible assets FinanceLeaseRightOfUseAssetAmortization $9.57M USD Annual
Amortization of above market leases, net AmortizationOfAboveAndBelowMarketLeases $504.00K USD Annual
Amortization of above market leases, net AmortizationOfAboveAndBelowMarketLeases $881.00K USD Annual
Amortization of above market leases, net AmortizationOfAboveAndBelowMarketLeases $688.00K USD Annual
Amortization of debt issuance costs and other OtherAmortizationOfDeferredCharges $1.45M USD Annual
Amortization of debt issuance costs and other OtherAmortizationOfDeferredCharges $1.31M USD Annual
Amortization of debt issuance costs and other OtherAmortizationOfDeferredCharges $1.64M USD Annual
Stock-based compensation expense ShareBasedCompensation $5.32M USD Annual
Stock-based compensation expense ShareBasedCompensation $3.34M USD Annual
Stock-based compensation expense ShareBasedCompensation $2.67M USD Annual
Capitalized preacquisition costs charged to expense NoncashMergerRelatedCosts $131.00K USD Annual
Capitalized preacquisition costs charged to expense NoncashMergerRelatedCosts $110.00K USD Annual
Capitalized preacquisition costs charged to expense NoncashMergerRelatedCosts $231.00K USD Annual
Noncash lease expense NoncashLeaseExpense - USD Annual
Noncash lease expense NoncashLeaseExpense $111.00K USD Annual
Noncash lease expense NoncashLeaseExpense - USD Annual
Reserve for uncollectible receivables ReserveForUncollectibleReceivables - USD Annual
Reserve for uncollectible receivables ReserveForUncollectibleReceivables $963.00K USD Annual
Reserve for uncollectible receivables ReserveForUncollectibleReceivables - USD Annual
Gain on sale of investment property GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes - USD Annual
Gain on sale of investment property GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes - USD Annual
Gain on sale of investment property GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes $7.67M USD Annual
Other OtherNoncashIncomeExpense - USD Annual
Other OtherNoncashIncomeExpense $-105.00K USD Annual
Other OtherNoncashIncomeExpense $16.00K USD Annual
Tenant receivables IncreaseDecreaseInOtherReceivables $2.20M USD Annual
Tenant receivables IncreaseDecreaseInOtherReceivables $1.60M USD Annual
Tenant receivables IncreaseDecreaseInOtherReceivables $2.14M USD Annual
Deferred assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.81M USD Annual
Deferred assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.16M USD Annual
Deferred assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.76M USD Annual
Other assets IncreaseDecreaseInOtherCurrentAssets $247.00K USD Annual
Other assets IncreaseDecreaseInOtherCurrentAssets $40.00K USD Annual
Other assets IncreaseDecreaseInOtherCurrentAssets $110.00K USD Annual
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $1.52M USD Annual
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $857.00K USD Annual
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $1.56M USD Annual
Security deposits and other IncreaseDecreaseInSecurityDeposits $129.00K USD Annual
Security deposits and other IncreaseDecreaseInSecurityDeposits $2.20M USD Annual
Security deposits and other IncreaseDecreaseInSecurityDeposits $2.02M USD Annual
Accrued management fees due to related party IncreaseDecreaseInDueToRelatedParties $-1.73M USD Annual
Accrued management fees due to related party IncreaseDecreaseInDueToRelatedParties $79.00K USD Annual
Accrued management fees due to related party IncreaseDecreaseInDueToRelatedParties $584.00K USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $24.83M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $34.52M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $36.43M USD Annual
Purchase of land, buildings, and other tangible and intangible assets and liabilities PaymentsForProceedsFromProductiveAssets $180.84M USD Annual
Purchase of land, buildings, and other tangible and intangible assets and liabilities PaymentsForProceedsFromProductiveAssets $254.99M USD Annual
Purchase of land, buildings, and other tangible and intangible assets and liabilities PaymentsForProceedsFromProductiveAssets $217.68M USD Annual
Internalization - cash paid for acquisition of Former Advisor, net of cash acquired of $559 PaymentsToAcquireBusinessesNetOfCashAcquired $5.09M USD Annual
Internalization - cash paid for acquisition of Former Advisor, net of cash acquired of $559 PaymentsToAcquireBusinessesNetOfCashAcquired - USD Annual
Internalization - cash paid for acquisition of Former Advisor, net of cash acquired of $559 PaymentsToAcquireBusinessesNetOfCashAcquired - USD Annual
Net proceeds from sale of investment property ProceedsFromSaleOfInvestmentProperty - USD Annual
Net proceeds from sale of investment property ProceedsFromSaleOfInvestmentProperty - USD Annual
Net proceeds from sale of investment property ProceedsFromSaleOfInvestmentProperty $31.63M USD Annual
Escrow deposits for purchase of properties PaymentsForProceedsFromOtherDeposits $-180.00K USD Annual
Escrow deposits for purchase of properties PaymentsForProceedsFromOtherDeposits $1.37M USD Annual
Escrow deposits for purchase of properties PaymentsForProceedsFromOtherDeposits $-174.00K USD Annual
Loan repayments from (made to) related parties ProceedsFromPaymentsForLongTermLoansForRelatedParties $-16.00K USD Annual
Loan repayments from (made to) related parties ProceedsFromPaymentsForLongTermLoansForRelatedParties $-85.00K USD Annual
Loan repayments from (made to) related parties ProceedsFromPaymentsForLongTermLoansForRelatedParties $28.00K USD Annual
Capital expenditures on existing real estate investments PaymentsForProceedsFromInvestments $1.11M USD Annual
Capital expenditures on existing real estate investments PaymentsForProceedsFromInvestments $1.82M USD Annual
Capital expenditures on existing real estate investments PaymentsForProceedsFromInvestments $2.54M USD Annual
Preacquisition costs PaymentsForProceedsFromDepositsOnRealEstateAcquisitions $-36.00K USD Annual
Preacquisition costs PaymentsForProceedsFromDepositsOnRealEstateAcquisitions - USD Annual
Preacquisition costs PaymentsForProceedsFromDepositsOnRealEstateAcquisitions - USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-223.67M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-258.20M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-151.62M USD Annual
Net proceeds received from common equity offerings ProceedsFromIssuanceOfCommonStock $37.31M USD Annual
Net proceeds received from common equity offerings ProceedsFromIssuanceOfCommonStock $189.50M USD Annual
Net proceeds received from common equity offerings ProceedsFromIssuanceOfCommonStock $53.09M USD Annual
Escrow deposits required by third party lenders PaymentsForDepositsAppliedToDebtRetirements $1.54M USD Annual
Escrow deposits required by third party lenders PaymentsForDepositsAppliedToDebtRetirements $293.00K USD Annual
Escrow deposits required by third party lenders PaymentsForDepositsAppliedToDebtRetirements $288.00K USD Annual
Proceeds from note payable ProceedsFromNotesPayable $14.80M USD Annual
Proceeds from note payable ProceedsFromNotesPayable - USD Annual
Proceeds from note payable ProceedsFromNotesPayable - USD Annual
Repayment of note payable PaymentsOnNotesPayableFromAcquisitions $419.00K USD Annual
Repayment of note payable PaymentsOnNotesPayableFromAcquisitions $136.00K USD Annual
Repayment of note payable PaymentsOnNotesPayableFromAcquisitions $22.00K USD Annual
Proceeds from Credit Facility ProceedsFromLongTermLinesOfCredit $186.10M USD Annual
Proceeds from Credit Facility ProceedsFromLongTermLinesOfCredit $244.25M USD Annual
Proceeds from Credit Facility ProceedsFromLongTermLinesOfCredit $238.40M USD Annual
Repayment of Credit Facility RepaymentsOfLongTermLinesOfCredit $173.18M USD Annual
Repayment of Credit Facility RepaymentsOfLongTermLinesOfCredit $70.72M USD Annual
Repayment of Credit Facility RepaymentsOfLongTermLinesOfCredit $64.55M USD Annual
Payment of debt issuance costs PaymentsOfDebtIssuanceCost $1.29M USD Annual
Payment of debt issuance costs PaymentsOfDebtIssuanceCost $2.81M USD Annual
Payment of debt issuance costs PaymentsOfDebtIssuanceCost $1.04M USD Annual
Redemption of LTIP Units PaymentsToMinorityShareholders - USD Annual
Redemption of LTIP Units PaymentsToMinorityShareholders $263.00K USD Annual
Redemption of LTIP Units PaymentsToMinorityShareholders - USD Annual
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders PaymentOfDividendsCommonStockOpAndLtipUnits $18.96M USD Annual
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders PaymentOfDividendsCommonStockOpAndLtipUnits $29.17M USD Annual
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders PaymentOfDividendsCommonStockOpAndLtipUnits $39.94M USD Annual
Dividends paid to preferred stockholders PaymentsOfDividends $5.82M USD Annual
Dividends paid to preferred stockholders PaymentsOfDividends $5.82M USD Annual
Dividends paid to preferred stockholders PaymentsOfDividends $5.82M USD Annual
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $124.51M USD Annual
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $224.11M USD Annual
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $192.72M USD Annual
Net increase in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $3.57M USD Annual
Net increase in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $2.34M USD Annual
Net increase in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-2.27M USD Annual
Cash and cash equivalents and restricted cash-beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $7.11M USD Point-in-time
Cash and cash equivalents and restricted cash-beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $10.75M USD Point-in-time
Cash and cash equivalents and restricted cash-beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $7.18M USD Point-in-time
Cash and cash equivalents and restricted cash-beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.84M USD Point-in-time
Cash and cash equivalents and restricted cash-end of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $7.11M USD Point-in-time
Cash and cash equivalents and restricted cash-end of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $10.75M USD Point-in-time
Cash and cash equivalents and restricted cash-end of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $7.18M USD Point-in-time
Cash and cash equivalents and restricted cash-end of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.84M USD Point-in-time
Cash payments for interest InterestPaidNet $16.28M USD Annual
Cash payments for interest InterestPaidNet $16.91M USD Annual
Cash payments for interest InterestPaidNet $13.08M USD Annual
Accrued dividends payable LiabilitiesAssumed1 $6.98M USD Annual
Accrued dividends payable LiabilitiesAssumed1 $11.09M USD Annual
Accrued dividends payable LiabilitiesAssumed1 $12.47M USD Annual
Interest rate swap agreements fair value change recognized in other comprehensive loss ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction $3.72M USD Annual
Interest rate swap agreements fair value change recognized in other comprehensive loss ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction $2.95M USD Annual
Interest rate swap agreements fair value change recognized in other comprehensive loss ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction $11.54M USD Annual
OP Units and LTIP Units redeemed for common stock UnitsConvertedToCommonStock $18.19M USD Annual
OP Units and LTIP Units redeemed for common stock UnitsConvertedToCommonStock - USD Annual
OP Units and LTIP Units redeemed for common stock UnitsConvertedToCommonStock $1.08M USD Annual
CMBS loan assumed in connection with a facility acquisition LoansAssumed1 - USD Annual
CMBS loan assumed in connection with a facility acquisition LoansAssumed1 $12.07M USD Annual
CMBS loan assumed in connection with a facility acquisition LoansAssumed1 - USD Annual
Accrued common stock offering costs AccruedCommonStockOfferingCosts $80.00K USD Annual
Accrued common stock offering costs AccruedCommonStockOfferingCosts $269.00K USD Annual
Accrued common stock offering costs AccruedCommonStockOfferingCosts - USD Annual
OP Units issued for property acquisition CapitalExpendituresIncurredButNotYetPaid $16.36M USD Annual
OP Units issued for property acquisition CapitalExpendituresIncurredButNotYetPaid - USD Annual
OP Units issued for property acquisition CapitalExpendituresIncurredButNotYetPaid $506.00K USD Annual
Initial recognition of lease liability related to right of use asset InitialRecognitionOfLeaseLiabilityRelatedToRightOfUseAsset - USD Annual
Initial recognition of lease liability related to right of use asset InitialRecognitionOfLeaseLiabilityRelatedToRightOfUseAsset $3.14M USD Annual
Initial recognition of lease liability related to right of use asset InitialRecognitionOfLeaseLiabilityRelatedToRightOfUseAsset - USD Annual
Stockholders Equity 49 line items
Line Item Tag Value Unit Period
Dividends to common stockholders CommonStockDividendsPerShareDeclared $0.80 USD Annual
Dividends to common stockholders CommonStockDividendsPerShareDeclared $0.80 USD Annual
Dividends to common stockholders CommonStockDividendsPerShareDeclared $0.80 USD Annual
Dividends to preferred stockholders PreferredStockDividendsPerShareDeclared $1.88 USD Annual
Dividends to preferred stockholders PreferredStockDividendsPerShareDeclared $1.88 USD Annual
Dividends to preferred stockholders PreferredStockDividendsPerShareDeclared $1.88 USD Annual
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $457.76M USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $259.01M USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $299.75M USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $460.35M USD Point-in-time
Net (loss) income NetIncomeLoss $14.56M USD Annual
Net (loss) income NetIncomeLoss $2.77M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.46M USD 1 Quarter
Net (loss) income NetIncomeLoss $-2.50M USD Annual
Net (loss) income NetIncomeLoss $1.67M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.82M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.04M USD 1 Quarter
Net (loss) income NetIncomeLoss $-9.58M USD 1 Quarter
Net (loss) income NetIncomeLoss $9.59M USD Annual
Net (loss) income NetIncomeLoss $2.31M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.59M USD 1 Quarter
Issuance of shares of common stock, net CommonStockIssuedDuringPeriodValueNewIssues $189.23M USD Annual
Issuance of shares of common stock, net CommonStockIssuedDuringPeriodValueNewIssues $53.28M USD Annual
Issuance of shares of common stock, net CommonStockIssuedDuringPeriodValueNewIssues $37.83M USD Annual
LTIP Units and OP Units redeemed for common stock StockIssuedDuringPeriodValueConversionOfConvertibleSecurities - USD Annual
Change in fair value of interest rate swap agreements GmreOtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap $-11.54M USD Annual
Change in fair value of interest rate swap agreements GmreOtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap $-3.72M USD Annual
Change in fair value of interest rate swap agreements GmreOtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap $-2.95M USD Annual
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.34M USD Annual
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.67M USD Annual
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $5.32M USD Annual
Reclassification of deferred common stock offering costs AdjustmentsToAdditionalPaidInCapitalCommonStockIssuedIssuanceCosts - USD Annual
Reclassification of deferred common stock offering costs AdjustmentsToAdditionalPaidInCapitalCommonStockIssuedIssuanceCosts $-573.00K USD Annual
Dividends to common stockholders DividendsCommonStock $18.24M USD Annual
Dividends to common stockholders DividendsCommonStock $37.64M USD Annual
Dividends to common stockholders DividendsCommonStock $29.79M USD Annual
Dividends to preferred stockholders DividendsPreferredStock $5.82M USD Annual
Dividends to preferred stockholders DividendsPreferredStock $5.82M USD Annual
Dividends to preferred stockholders DividendsPreferredStock $5.82M USD Annual
Dividends to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $3.49M USD Annual
Dividends to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $3.69M USD Annual
Dividends to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $2.06M USD Annual
OP Units issued to third parties NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $16.36M USD Annual
LTIP Units redeemed in cash NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable $263.00K USD Annual
LTIP Units redeemed in cash NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable $-506.00K USD Annual
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $457.76M USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $259.01M USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $299.75M USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $460.35M USD Point-in-time
Comprehensive Income 37 line items
Line Item Tag Value Unit Period
Net (loss) income NetIncomeLoss $14.56M USD Annual
Net (loss) income NetIncomeLoss $2.77M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.46M USD 1 Quarter
Net (loss) income NetIncomeLoss $-2.50M USD Annual
Net (loss) income NetIncomeLoss $1.67M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.82M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.04M USD 1 Quarter
Net (loss) income NetIncomeLoss $-9.58M USD 1 Quarter
Net (loss) income NetIncomeLoss $9.59M USD Annual
Net (loss) income NetIncomeLoss $2.31M USD 1 Quarter
Net (loss) income NetIncomeLoss $2.59M USD 1 Quarter
Increase (decrease) in fair value of interest rate swap agreements OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax $-3.72M USD Annual
Increase (decrease) in fair value of interest rate swap agreements OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax $-2.95M USD Annual
Increase (decrease) in fair value of interest rate swap agreements OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax $-11.54M USD Annual
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-11.54M USD Annual
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-2.95M USD Annual
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-3.72M USD Annual
Comprehensive (loss) income ComprehensiveIncomeNetOfTax $10.84M USD Annual
Comprehensive (loss) income ComprehensiveIncomeNetOfTax $-14.04M USD Annual
Comprehensive (loss) income ComprehensiveIncomeNetOfTax $6.63M USD Annual
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $5.82M USD Annual
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $5.82M USD Annual
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $1.46M USD 1 Quarter
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $1.46M USD 1 Quarter
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $5.82M USD Annual
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $1.46M USD 1 Quarter
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $1.46M USD 1 Quarter
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $1.46M USD 1 Quarter
Less: Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $1.46M 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 $74.00K USD Annual
Less: Comprehensive loss attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-1.36M USD Annual
Less: Comprehensive loss attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $625.00K USD Annual
Comprehensive (loss) income attributable to common stockholders ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders $739.00K USD Annual
Comprehensive (loss) income attributable to common stockholders ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders $-18.50M USD Annual
Comprehensive (loss) income attributable to common stockholders ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders $4.39M USD Annual

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

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