$GMRE
Global Medical REIT Inc

2020 Q3 Form 10-Q Financial Statement

#000110465920091995 Filed on August 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2020 Q2 2019 Q2
Revenue $25.10M $22.06M $16.88M
YoY Change 37.93% 30.66% 27.41%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $16.61M $4.580M $3.220M
YoY Change 403.33% 42.24% 12.59%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.954M $6.593M $4.608M
YoY Change 38.91% 43.08% 33.76%
% of Gross Profit
Operating Expenses $34.68M $20.38M $14.42M
YoY Change 118.27% 41.37% 21.52%
Operating Profit
YoY Change
Interest Expense $4.864M $4.375M $4.132M
YoY Change 6.92% 5.88% 4.82%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$9.580M $1.670M $2.460M
YoY Change -514.72% -32.11% 78.26%
Income Tax
% Of Pretax Income
Net Earnings -$9.580M $1.672M $2.462M
YoY Change -515.08% -32.09% 77.89%
Net Earnings / Revenue -38.17% 7.58% 14.59%
Basic Earnings Per Share
Diluted Earnings Per Share -$187.8K $36.56K $68.29K
COMMON SHARES
Basic Shares Outstanding 46.25M 34.56M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q3 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.100M $8.400M $3.200M
YoY Change -25.0% 162.5% -33.33%
Cash & Equivalents $2.052M $8.392M $3.216M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $8.900M $14.40M $7.100M
YoY Change 27.14% 102.82% 16.39%
LONG-TERM ASSETS
Property, Plant & Equipment $911.4M $861.4M $679.8M
YoY Change 24.71% 26.71% 17.21%
Goodwill $5.903M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.356M $3.587M $18.20M
YoY Change -72.53% -80.29% 697.2%
Total Long-Term Assets $1.017B $952.2M $743.6M
YoY Change 26.25% 28.05% 24.78%
TOTAL ASSETS
Total Short-Term Assets $8.900M $14.40M $7.100M
Total Long-Term Assets $1.017B $952.2M $743.6M
Total Assets $1.026B $966.6M $750.7M
YoY Change 26.25% 28.76% 24.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.300M $8.800M $4.200M
YoY Change 50.91% 109.52%
Accrued Expenses $3.100M $2.400M $2.400M
YoY Change 29.17% 0.0% -56.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.80M $30.30M $22.90M
YoY Change 13.83% 32.31% 30.86%
LONG-TERM LIABILITIES
Long-Term Debt $519.4M $466.5M $354.3M
YoY Change 29.24% 31.67% 8.35%
Other Long-Term Liabilities $28.10M $27.10M $11.90M
YoY Change 105.11% 127.73% 466.67%
Total Long-Term Liabilities $547.5M $493.6M $366.2M
YoY Change 31.74% 34.79% 11.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.80M $30.30M $22.90M
Total Long-Term Liabilities $547.5M $493.6M $366.2M
Total Liabilities $576.3M $523.9M $419.5M
YoY Change 22.29% 24.88% 21.06%
SHAREHOLDERS EQUITY
Retained Earnings -$107.9M -$88.04M
YoY Change
Common Stock $48.00K $46.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $434.5M $427.9M $331.2M
YoY Change
Total Liabilities & Shareholders Equity $1.026B $966.6M $750.7M
YoY Change 26.25% 28.76% 24.7%

Cashflow Statement

Concept 2020 Q3 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$9.580M $1.672M $2.462M
YoY Change -515.08% -32.09% 77.89%
Depreciation, Depletion And Amortization $6.954M $6.593M $4.608M
YoY Change 38.91% 43.08% 33.76%
Cash From Operating Activities -$5.480M $11.61M $10.51M
YoY Change -154.69% 10.47% 87.01%
INVESTING ACTIVITIES
Capital Expenditures -$65.92M -$7.630M -$94.97M
YoY Change 0.83% -91.97% 60.67%
Acquisitions
YoY Change
Other Investing Activities $270.0K $430.0K $140.0K
YoY Change 42.11% 207.14% -166.67%
Cash From Investing Activities -$65.65M -$7.200M -$94.81M
YoY Change 0.69% -92.41% 59.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 65.06M -7.950M 86.87M
YoY Change 17.99% -109.15% 65.53%
NET CHANGE
Cash From Operating Activities -5.480M 11.61M 10.51M
Cash From Investing Activities -65.65M -7.200M -94.81M
Cash From Financing Activities 65.06M -7.950M 86.87M
Net Change In Cash -6.070M -3.540M 2.570M
YoY Change 15075.0% -237.74% -310.66%
FREE CASH FLOW
Cash From Operating Activities -$5.480M $11.61M $10.51M
Capital Expenditures -$65.92M -$7.630M -$94.97M
Free Cash Flow $60.44M $19.24M $105.5M
YoY Change -19.84% -81.76% 62.95%

Facts In Submission

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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-402000
CY2020Q2 gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
-755000
CY2019Q2 gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
-2283000
gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
-12474000
gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
-3576000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
460353000
us-gaap Net Income Loss
NetIncomeLoss
4489000
gmre Common Stock Issued During Period Value New Issues
CommonStockIssuedDuringPeriodValueNewIssues
13804000
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0
gmre Gmre Other Comprehensive Income Loss Change In Fair Value Of Interest Rate Swap
GmreOtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap
-14980000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1819000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
us-gaap Dividends Common Stock
DividendsCommonStock
18106000
us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.9375
us-gaap Dividends Preferred Stock
DividendsPreferredStock
2911000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1759000
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
442709000
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
438790000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
1672000
CY2020Q2 gmre Common Stock Issued During Period Value New Issues
CommonStockIssuedDuringPeriodValueNewIssues
13804000
CY2020Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0
CY2020Q2 gmre Gmre Other Comprehensive Income Loss Change In Fair Value Of Interest Rate Swap
GmreOtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap
-1022000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
897000
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2020Q2 us-gaap Dividends Common Stock
DividendsCommonStock
9250000
CY2020Q2 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.46875
CY2020Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1456000
CY2020Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
726000
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
442709000
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
299750000
us-gaap Net Income Loss
NetIncomeLoss
4505000
gmre Common Stock Issued During Period Value New Issues
CommonStockIssuedDuringPeriodValueNewIssues
79267000
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0
gmre Gmre Other Comprehensive Income Loss Change In Fair Value Of Interest Rate Swap
GmreOtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap
-5572000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1625000
us-gaap Dividends Common Stock
DividendsCommonStock
13822000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
2911000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1745000
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
506000
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
361603000
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
370562000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
2462000
CY2019Q2 gmre Common Stock Issued During Period Value New Issues
CommonStockIssuedDuringPeriodValueNewIssues
513000
CY2019Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0
CY2019Q2 gmre Gmre Other Comprehensive Income Loss Change In Fair Value Of Interest Rate Swap
GmreOtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap
-3550000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
854000
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
6911000
CY2019Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1455000
CY2019Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
872000
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
361603000
us-gaap Net Income Loss
NetIncomeLoss
4489000
us-gaap Net Income Loss
NetIncomeLoss
4505000
us-gaap Depreciation
Depreciation
12429000
us-gaap Depreciation
Depreciation
8475000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4269000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2257000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
403000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
405000
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
634000
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
651000
us-gaap Share Based Compensation
ShareBasedCompensation
1819000
us-gaap Share Based Compensation
ShareBasedCompensation
1625000
us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
135000
gmre Reserve Fro Uncollectible Receivables
ReserveFroUncollectibleReceivables
627000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-46000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-70000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1558000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1030000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2921000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2479000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-117000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-37000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3620000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-22000
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-536000
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
1729000
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
295000
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
441000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23868000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16664000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
76057000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
115472000
us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
-500000
us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
1622000
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-61000
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-113000
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
341000
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
193000
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
74000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-75959000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-117474000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13605000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
79651000
us-gaap Payments For Deposits Applied To Debt Retirements
PaymentsForDepositsAppliedToDebtRetirements
385000
us-gaap Payments For Deposits Applied To Debt Retirements
PaymentsForDepositsAppliedToDebtRetirements
144000
gmre Payments On Notes Payable From Acquisitions
PaymentsOnNotesPayableFromAcquisitions
113000
gmre Payments On Notes Payable From Acquisitions
PaymentsOnNotesPayableFromAcquisitions
68000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
88700000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
103800000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
20850000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
64600000
gmre Payments Of Debt Issuance Cost
PaymentsOfDebtIssuanceCost
128000
gmre Payments Of Debt Issuance Cost
PaymentsOfDebtIssuanceCost
422000
gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
19675000
gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
13467000
us-gaap Payments Of Dividends
PaymentsOfDividends
2911000
us-gaap Payments Of Dividends
PaymentsOfDividends
2911000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
58243000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
101839000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6152000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1029000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7185000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4843000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13337000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5872000
us-gaap Interest Paid Net
InterestPaidNet
7916000
us-gaap Interest Paid Net
InterestPaidNet
7521000
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
11281000
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
9081000
gmre Change In Fair Value Of Interest Rate Swap Recognized In Other Comprehensive Income Loss Non Cash Or Partial Non Cash Transaction
ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction
14980000
gmre Change In Fair Value Of Interest Rate Swap Recognized In Other Comprehensive Income Loss Non Cash Or Partial Non Cash Transaction
ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction
5572000
gmre Units Converted To Common Stock
UnitsConvertedToCommonStock
15475000
gmre Units Converted To Common Stock
UnitsConvertedToCommonStock
576000
us-gaap Loans Assumed1
LoansAssumed1
12074000
gmre Initial Recognition Of Lease Liability Related To Right Of Use Asset
InitialRecognitionOfLeaseLiabilityRelatedToRightOfUseAsset
3143000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
506000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8392000
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3216000
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4945000
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2656000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13337000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5872000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of the condensed consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and footnotes. Actual results could differ from those estimates.</p>
CY2020Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
5888000
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
4957000
CY2020Q2 gmre Receivables Earned But Not Paid Relating To Tenant Rent
ReceivablesEarnedButNotPaidRelatingToTenantRent
2272000
gmre Tenant Reimbursement Amount
TenantReimbursementAmount
2371000
CY2020Q2 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
24000
CY2019Q4 gmre Receivables Earned But Not Paid Relating To Tenant Rent
ReceivablesEarnedButNotPaidRelatingToTenantRent
1428000
CY2019 gmre Tenant Reimbursement Amount
TenantReimbursementAmount
2342000
CY2019Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
125000
CY2020Q2 us-gaap Escrow Deposit
EscrowDeposit
3301000
CY2019Q4 us-gaap Escrow Deposit
EscrowDeposit
3417000
CY2020Q2 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
17433000
CY2019Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
14512000
CY2020Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
17328000
CY2020Q2 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
105000
CY2019Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
14204000
CY2019Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
308000
CY2020Q2 us-gaap Other Assets
OtherAssets
3587000
CY2019Q4 us-gaap Other Assets
OtherAssets
3593000
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3044000
CY2020Q2 gmre Capitalized Pre Acquisition Costs
CapitalizedPreAcquisitionCosts
365000
CY2020Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
178000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3077000
CY2019Q4 gmre Capitalized Pre Acquisition Costs
CapitalizedPreAcquisitionCosts
223000
CY2019Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
293000
CY2020Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
5814000
CY2019Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
6351000
CY2020Q2 us-gaap Lease Deposit Liability
LeaseDepositLiability
1281000
CY2019Q4 us-gaap Lease Deposit Liability
LeaseDepositLiability
1383000
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
5
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
905529000
CY2020Q2 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
460000
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
91347000
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
996876000
CY2020Q2 us-gaap Depreciation
Depreciation
6593000
us-gaap Depreciation
Depreciation
12429000
CY2019Q2 us-gaap Depreciation
Depreciation
4608000
us-gaap Depreciation
Depreciation
8475000
CY2020Q2 gmre Tenant Improvement Allowances Receivable
TenantImprovementAllowancesReceivable
19400000
CY2020Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
7300000
CY2019 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
18
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
647550000
CY2019Q4 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
1860000
CY2019 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
257979000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
905529000
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
83269000
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
18722000
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
64547000
CY2020Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
6670000
CY2020Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1072000
CY2020Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
5598000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
72794000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13675000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
59119000
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
3861000
CY2019Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
697000
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
3164000
CY2020Q2 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
220000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4848000
CY2020Q2 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
444000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9077000
CY2020Q2 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
462000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8654000
CY2020Q2 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
496000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7740000
CY2020Q2 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
302000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6444000
CY2020Q2 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
2266000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
17996000
CY2020Q2 gmre Below Market Lease Net1
BelowMarketLeaseNet1
4190000
CY2020Q2 gmre Finite Lived Intangible Assets Net1
FiniteLivedIntangibleAssetsNet1
54759000
gmre Debt Instrument Extension Option Period
DebtInstrumentExtensionOptionPeriod
P1Y
CY2018Q1 us-gaap Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
203800000
CY2018Q1 gmre Net Proceeds Raised Through Equity Offerings Percent
NetProceedsRaisedThroughEquityOfferingsPercent
0.75
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
88700000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
20850000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
103800000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
64600000
CY2020Q2 us-gaap Line Of Credit
LineOfCredit
415850000
CY2019Q4 us-gaap Line Of Credit
LineOfCredit
347518000
gmre Line Of Credit Cash Paid Other
LineOfCreditCashPaidOther
59000
gmre Line Of Credit Cash Paid Other
LineOfCreditCashPaidOther
422000
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
51549000
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
39475000
CY2020Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
668000
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
667000
CY2020Q2 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
271000
CY2019Q4 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
158000
CY2020Q2 us-gaap Notes Payable
NotesPayable
50610000
CY2019Q4 us-gaap Notes Payable
NotesPayable
38650000
CY2020Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
35000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
68000
CY2019Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
33000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
66000
CY2020Q2 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
2298000
CY2019Q2 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
3752000
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
16765000
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
5956000
CY2020Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1276000
CY2019Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
202000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1785000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
384000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1022000
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3550000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-14980000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5572000
gmre Additional Interest Expense
AdditionalInterestExpense
6153000
CY2020Q2 us-gaap Interest Expense
InterestExpense
4375000
us-gaap Interest Expense
InterestExpense
8752000
CY2020Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0346
us-gaap Debt Instrument Term
DebtInstrumentTerm
P3Y3M7D
CY2019Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0390
CY2019 us-gaap Debt Instrument Term
DebtInstrumentTerm
P3Y9M3D
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020Q2 gmre Dividend Accrued
DividendAccrued
970000
us-gaap Payments Of Dividends
PaymentsOfDividends
2911000
us-gaap Payments Of Dividends
PaymentsOfDividends
2911000
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
46252000
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
43806000
gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
19675000
CY2019 gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
13467000
us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
1185000
us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
15245000
CY2019Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
49000
CY2019 us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
51000
CY2019 us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
519000
us-gaap Partners Capital Account Units Sale Of Units
PartnersCapitalAccountUnitsSaleOfUnits
1958000
CY2019 us-gaap Partners Capital Account Units Sale Of Units
PartnersCapitalAccountUnitsSaleOfUnits
3143000
CY2020Q2 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
12636000
CY2019Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
27881000
gmre Percentage Of Management Fees Attributable To Shareholders
PercentageOfManagementFeesAttributableToShareholders
0.015
CY2019Q4 gmre Due To Related Party
DueToRelatedParty
1648000
gmre Management Fee Expense Incurred
ManagementFeeExpenseIncurred
4024000
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
3730000
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
15000
CY2020Q2 gmre Due To Related Party
DueToRelatedParty
-1957000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
805000
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
290000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
1095000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
469
gmre Performance Goals For Awards
PerformanceGoalsForAwards
100%
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
1
gmre Additional Earn Up Rate For Grantee
AdditionalEarnUpRateForGrantee
1.50
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
897000
us-gaap Share Based Compensation
ShareBasedCompensation
1819000
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
854000
us-gaap Share Based Compensation
ShareBasedCompensation
1625000
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
4300
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M6D
gmre Operating Lease Average Remaining Lease Term
OperatingLeaseAverageRemainingLeaseTerm
P10Y
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
22036000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
43569000
CY2020Q2 us-gaap Variable Lease Payment
VariableLeasePayment
1125000
us-gaap Variable Lease Payment
VariableLeasePayment
2602000
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
39302000
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
76642000
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
75216000
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
72568000
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
66745000
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
373051000
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
703524000
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P24Y
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2020Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
39000
us-gaap Operating Lease Expense
OperatingLeaseExpense
81000
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
18000
us-gaap Operating Lease Payments
OperatingLeasePayments
34000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
58000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
116000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
116000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
120000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
125000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4351000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4886000
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2469000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2417000
CY2020Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
CY2019Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1

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