$GMRE
Global Medical REIT Inc.

2019 Q2 Form 10-Q Financial Statement

#000114420419024875 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q4
Revenue $16.88M $15.20M $14.38M
YoY Change 27.41% 31.44% 45.59%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.220M $2.940M $2.510M
YoY Change 12.59% 40.67% 17.84%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.608M $3.867M $4.650M
YoY Change 33.76% 33.07% 40.91%
% of Gross Profit
Operating Expenses $14.42M $13.16M $12.55M
YoY Change 21.52% 36.16% 45.47%
Operating Profit
YoY Change
Interest Expense $4.132M $4.025M -$4.290M
YoY Change 4.82% 49.96% 97.7%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.460M $2.040M $9.500M
YoY Change 78.26% 7.37% 660.0%
Income Tax
% Of Pretax Income
Net Earnings $2.462M $2.043M $9.504M
YoY Change 77.89% 7.47% 660.93%
Net Earnings / Revenue 14.59% 13.44% 66.11%
Basic Earnings Per Share
Diluted Earnings Per Share $68.29K $72.32K $372.0K
COMMON SHARES
Basic Shares Outstanding 34.56M 26.30M 22.03M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.200M $1.800M $3.600M
YoY Change -33.33% -47.06% -29.41%
Cash & Equivalents $3.216M $1.844M $3.631M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $7.100M $5.400M $6.500M
YoY Change 16.39% 14.89% 12.07%
LONG-TERM ASSETS
Property, Plant & Equipment $679.8M $599.7M $616.9M
YoY Change 17.21% 15.35% 34.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.20M $3.009M $322.0K
YoY Change 697.2% 470.97% -29.85%
Total Long-Term Assets $743.6M $651.3M $629.6M
YoY Change 24.78% 21.7% 35.1%
TOTAL ASSETS
Total Short-Term Assets $7.100M $5.400M $6.500M
Total Long-Term Assets $743.6M $651.3M $629.6M
Total Assets $750.7M $656.7M $636.1M
YoY Change 24.7% 21.64% 34.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.200M $3.400M
YoY Change
Accrued Expenses $2.400M $2.400M $3.700M
YoY Change -56.36% -41.46% 85.0%
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 $22.90M $20.00M $15.90M
YoY Change 30.86% 25.79% 47.22%
LONG-TERM LIABILITIES
Long-Term Debt $354.3M $258.6M $315.0M
YoY Change 8.35% -3.4% 56.95%
Other Long-Term Liabilities $11.90M $7.500M $5.500M
YoY Change 466.67% 400.0% 323.08%
Total Long-Term Liabilities $366.2M $266.1M $320.5M
YoY Change 11.27% -1.15% 58.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.90M $20.00M $15.90M
Total Long-Term Liabilities $366.2M $266.1M $320.5M
Total Liabilities $419.5M $286.1M $336.3M
YoY Change 21.06% 0.36% 58.05%
SHAREHOLDERS EQUITY
Retained Earnings -$51.39M -$45.01M
YoY Change 30.71%
Common Stock $35.00K $26.00K
YoY Change 59.09% 18.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $331.2M $340.2M $269.3M
YoY Change
Total Liabilities & Shareholders Equity $750.7M $656.7M $636.1M
YoY Change 24.7% 21.64% 34.82%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q4
OPERATING ACTIVITIES
Net Income $2.462M $2.043M $9.504M
YoY Change 77.89% 7.47% 660.93%
Depreciation, Depletion And Amortization $4.608M $3.867M $4.650M
YoY Change 33.76% 33.07% 40.91%
Cash From Operating Activities $10.51M $6.148M $5.730M
YoY Change 87.01% -33.86% 37.08%
INVESTING ACTIVITIES
Capital Expenditures -$94.97M -$22.32M -$47.50M
YoY Change 60.67% -66.44% 22.8%
Acquisitions
YoY Change
Other Investing Activities $140.0K -$330.0K $32.32M
YoY Change -166.67% -232.0% -7126.09%
Cash From Investing Activities -$94.81M -$22.66M -$15.19M
YoY Change 59.83% -65.8% -61.19%
FINANCING ACTIVITIES
Cash Dividend Paid $1.455M
YoY Change 0.0%
Common Stock Issuance & Retirement, Net $75.92M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 86.87M 14.97M 10.47M
YoY Change 65.53% -73.84% -68.53%
NET CHANGE
Cash From Operating Activities 10.51M 6.148M 5.730M
Cash From Investing Activities -94.81M -22.66M -15.19M
Cash From Financing Activities 86.87M 14.97M 10.47M
Net Change In Cash 2.570M -1.535M 1.010M
YoY Change -310.66% -634.84% -159.76%
FREE CASH FLOW
Cash From Operating Activities $10.51M $6.148M $5.730M
Capital Expenditures -$94.97M -$22.32M -$47.50M
Free Cash Flow $105.5M $28.47M $53.23M
YoY Change 62.95% -62.44% 24.2%

Facts In Submission

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CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2918000
CY2019Q1 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
726000
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3873000
CY2019Q1 us-gaap Below Market Lease Amortization Income Year Three
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729000
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3258000
CY2019Q1 us-gaap Below Market Lease Amortization Income Year Four
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730000
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2949000
CY2019Q1 us-gaap Below Market Lease Amortization Income Year Five
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708000
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2668000
CY2019Q1 us-gaap Below Market Lease Amortization Income After Year Five
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1979000
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
12745000
CY2019Q1 gmre Below Market Lease Net1
BelowMarketLeaseNet1
5429000
CY2019Q1 gmre Finite Lived Intangible Assets Net1
FiniteLivedIntangibleAssetsNet1
28411000
CY2019Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
39453000
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
39475000
CY2019Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
766000
CY2018Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
799000
CY2019Q1 us-gaap Notes Payable
NotesPayable
38652000
CY2018Q4 us-gaap Notes Payable
NotesPayable
38654000
CY2019Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
33000
CY2018Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
32000
CY2019Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0472
CY2018Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0464
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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259013000
CY2019Q1 us-gaap Other Operating Activities Cash Flow Statement
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6200000
CY2019Q1 us-gaap Repayments Of Lines Of Credit
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62800000
CY2018Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
68750000
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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-22655000
CY2018Q1 us-gaap Repayments Of Lines Of Credit
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4500000
CY2018Q1 us-gaap Net Income Loss
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1901000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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182000
CY2018Q1 us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
158000
CY2018Q1 us-gaap Dividends Common Stock
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4326000
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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254743000
CY2018Q1 us-gaap Dividends Preferred Stock
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1455000
CY2018Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
414000
CY2016Q1 us-gaap Debt Instrument Description
DebtInstrumentDescription
Prepayment can only occur within four months prior to the maturity date, except that after the earlier of (a) two years after the loan is placed in a securitized mortgage pool, or (b) May 6, 2020, the Cantor Loan can be fully or partially defeased upon payment of amounts due under the Cantor Loan and payment of a defeasance amount that is sufficient to purchase U.S. government securities equal to the scheduled payments of principal, interest, fees, and any other amounts due related to a full or partial defeasance under the Cantor Loan. The Company secured the payment of the Cantor Loan with the assets, including property, facilities, and rents, held by the GMR Loan Subsidiaries and has agreed to guarantee certain customary recourse obligations, including findings of fraud, gross negligence, or breach of environmental covenants by the GMR Loan Subsidiaries. The GMR Loan Subsidiaries are required to maintain an aggregate monthly debt service coverage ratio of 1.35:1.00 for all of the collateral properties.
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
299750000
CY2019Q1 us-gaap Net Income Loss
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2043000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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771000
CY2019Q1 us-gaap Dividends Common Stock
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6911000
CY2019Q1 us-gaap Dividends Preferred Stock
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1455000
CY2019Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
874000
CY2019Q1 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
34000
CY2019Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
20841000
CY2019Q1 gmre Tenant Improvement Allowances Receivable
TenantImprovementAllowancesReceivable
20825000
CY2019Q1 us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
12790000
CY2019Q1 us-gaap Debt Instrument Term
DebtInstrumentTerm
P4Y1M20D
CY2018 us-gaap Debt Instrument Term
DebtInstrumentTerm
P4Y2M26D
CY2019Q1 us-gaap Net Income Loss
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2043000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
1901000
CY2019Q1 us-gaap Amortization Of Leased Asset
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1002000
CY2018Q1 us-gaap Amortization Of Leased Asset
AmortizationOfLeasedAsset
765000
CY2019Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
219000
CY2018Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
113000
CY2019Q1 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
313000
CY2018Q1 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
430000
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
771000
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
182000
CY2019Q1 us-gaap Increase Decrease In Other Receivables
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654000
CY2018Q1 us-gaap Increase Decrease In Other Receivables
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549000
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1006000
CY2018Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1178000
CY2019Q1 us-gaap Increase Decrease In Other Current Assets
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-32000
CY2018Q1 us-gaap Increase Decrease In Other Current Assets
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-86000
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-634000
CY2018Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1834000
CY2019Q1 us-gaap Increase Decrease In Security Deposits
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-30000
CY2018Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
2784000
CY2019Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
192000
CY2018Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
17000
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6148000
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9295000
CY2019Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
20841000
CY2018Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
65565000
CY2019Q1 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
1472000
CY2018Q1 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
798000
CY2019Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
211000
CY2018Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-246000
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-66250000
CY2019Q1 us-gaap Payments For Deposits Applied To Debt Retirements
PaymentsForDepositsAppliedToDebtRetirements
72000
CY2018Q1 us-gaap Payments For Deposits Applied To Debt Retirements
PaymentsForDepositsAppliedToDebtRetirements
72000
CY2019Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
6200000
CY2018Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
68750000
CY2019Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0
CY2018Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
158000
CY2019Q1 gmre Payments Of Dividens Common Stock Op And Ltip Units
PaymentsOfDividensCommonStockOpAndLtipUnits
-5781000
CY2018Q1 gmre Payments Of Dividens Common Stock Op And Ltip Units
PaymentsOfDividensCommonStockOpAndLtipUnits
-4552000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14972000
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
57242000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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4843000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7114000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3308000
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7401000
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
3714000
CY2018Q1 us-gaap Interest Paid Net
InterestPaidNet
2245000
CY2019Q1 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
8985000
CY2018Q1 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
5710000
CY2019Q1 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-122000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1535000
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
287000
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2019Q1 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25.00
CY2019Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1455000
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2019Q1 us-gaap Common Stock Shares Outstanding
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34555000
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25944000
CY2018Q4 us-gaap Limited Partners Capital Account Units Issued
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1899000
CY2019Q1 us-gaap Management Fee Expense
ManagementFeeExpense
1334000
CY2019Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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1142000
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
463000
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
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1.00
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
771000
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
182000
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
5000
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y11M4D
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5743000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3721000
CY2019Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
5520000
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
3487000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
2043000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
1901000
CY2019Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
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-2022000
CY2018Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
0
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2022000
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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0
CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
21000
CY2018Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1901000
CY2019Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1455000
CY2018Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1455000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-142000
CY2018Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
35000
CY2019Q1 us-gaap Limited Partners Capital Account
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27881000
CY2019Q1 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1100000
CY2018Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
27894000
CY2018Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1030000
CY2019Q1 gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
-1292000
CY2018Q1 gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
411000
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
78944000
CY2018Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
CY2019Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
506000
CY2018Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0
CY2018Q1 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
0
CY2019Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
62800000
CY2018Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
4500000
CY2019Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1455000
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1455000
CY2019Q1 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
35000
CY2018Q4 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
22000
CY2019Q1 us-gaap Line Of Credit
LineOfCredit
219993000
CY2018Q4 us-gaap Line Of Credit
LineOfCredit
276353000
CY2019Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
2204000
CY2018Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
0
CY2019Q1 us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
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182000
CY2018Q1 us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
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0
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2022000
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0
CY2019Q1 gmre Additional Interest Expense
AdditionalInterestExpense
928000
CY2019Q1 gmre Line Of Credit Cash Paid Other
LineOfCreditCashPaidOther
29000
CY2018Q1 gmre Line Of Credit Cash Paid Other
LineOfCreditCashPaidOther
753000
CY2019Q1 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-122000
CY2019Q1 gmre Additional Earn Up Rate For Grantee
AdditionalEarnUpRateForGrantee
1.50
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
110000
CY2019Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
766000
CY2018Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
799000
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2337000
CY2019Q1 gmre Sharebased Compensation Arrangement By Sharebased Payment Award Employee Subscription Rate After Performance Period
SharebasedCompensationArrangementBySharebasedPaymentAwardEmployeeSubscriptionRateAfterPerformancePeriod
The number of LTIP Units earned under the Long-Term Awards will be determined as soon as reasonably practicable following the end of the applicable three-year performance period (2020, 2021, or 2022 depending on the program) based on the Company&#8217;s TSR on an absolute basis (as to 75% of the Long-Term Award) and relative to the SNL Healthcare REIT Index (as to 25% of the Long-Term Award).
CY2019Q1 gmre Performance Goals For Awards
PerformanceGoalsForAwards
As of March 31, 2019, management estimated that the Performance Goals would be met at a 100% level, and accordingly, applied 100% to the net target 2019 program Annual Awards to estimate the 2019 program Annual Awards expected to be earned at the end of the performance period.
CY2019Q1 us-gaap Management Fee Expense
ManagementFeeExpense
1334000
CY2019Q1 us-gaap Partners Capital Account Units Sale Of Units
PartnersCapitalAccountUnitsSaleOfUnits
49000
CY2019Q1 gmre Common Stock Issued During Period Value New Issues
CommonStockIssuedDuringPeriodValueNewIssues
78754000
CY2019Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0
CY2019Q1 gmre Other Comprehensive Income Loss Change In Fair Value Of Interest Rate Swap
OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwap
-2022000
CY2019Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
506000
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
370562000
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
75918000
CY2019Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
80269000
CY2019Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
3108000
CY2019Q1 us-gaap Shares Issued Price Per Share
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9.68
CY2019Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
9.75
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
311000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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774000
CY2019Q1 us-gaap Interest Expense
InterestExpense
4025000
CY2019Q1 us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
33000
CY2018Q1 us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
4000
CY2019Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0
CY2018Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-18000
CY2019Q1 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
35000
CY2018Q1 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0
CY2018Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
753000
CY2019Q1 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
9000
CY2018Q1 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
133000
CY2019Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
29000
CY2018Q3 gmre Stock To Be Issued During Period Value Atm Offering
StockToBeIssuedDuringPeriodValueATMOffering
50000000
CY2019Q1 us-gaap Other Liabilities
OtherLiabilities
2367000
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
0
CY2019Q1 gmre Initial Recognition Of Lease Liability Related To Right Of Use Asset
InitialRecognitionOfLeaseLiabilityRelatedToRightOfUseAsset
2346000
CY2018Q1 gmre Initial Recognition Of Lease Liability Related To Right Of Use Asset
InitialRecognitionOfLeaseLiabilityRelatedToRightOfUseAsset
0
CY2019Q1 gmre Accrued Common Stock Offering Costs
AccruedCommonStockOfferingCosts
190000
CY2018Q1 gmre Accrued Common Stock Offering Costs
AccruedCommonStockOfferingCosts
0
CY2019Q1 gmre Units Converted To Common Stock
UnitsConvertedToCommonStock
576000
CY2018Q1 gmre Units Converted To Common Stock
UnitsConvertedToCommonStock
0
CY2019Q1 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
0
CY2018Q1 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
271000
CY2019Q1 us-gaap Professional Fees
ProfessionalFees
4013000
CY2019Q1 gmre Initial Public Offering Expense
InitialPublicOfferingExpense
338000
CY2019Q1 gmre Initial Public Offering Expense
InitialPublicOfferingExpense
82000
CY2019Q1 gmre Stock To Be Issued During Period Value Atm Offering
StockToBeIssuedDuringPeriodValueATMOffering
3143000
CY2018 gmre Stock To Be Issued During Period Value Atm Offering
StockToBeIssuedDuringPeriodValueATMOffering
3145000
CY2019Q1 us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
51000
CY2019Q1 us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
519000
CY2019Q1 gmre Operating Lease Average Remaining Lease Term
OperatingLeaseAverageRemainingLeaseTerm
P10Y
CY2019Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
15100000
CY2019Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1300000
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P24Y
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0442
CY2019Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
51000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
421
CY2019Q1 gmre Dividend Accrued
DividendAccrued
970000
CY2019Q1 gmre Percentage Of Management Fees Attributable To Shareholders
PercentageOfManagementFeesAttributableToShareholders
0.015
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
83000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
116000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
116000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
116000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
120000
CY2019Q1 gmre Operating Leases Future Minimum Payments Due In Six Years
OperatingLeasesFutureMinimumPaymentsDueInSixYears
4473000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
5024000
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2657000
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2367000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
39378000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
53430000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
51951000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
50927000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
49785000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
346029000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
591500000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
50527000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
51450000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
49926000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
48862000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
47743000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
330180000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
578688000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
109000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
109000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
109000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
109000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
113000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2121000
CY2018Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2670000
CY2019Q1 gmre Increase In Operating Lease Liabilities
IncreaseInOperatingLeaseLiabilities
100
CY2019Q1 gmre Increase In Operating Lease Right Of Use Assets
IncreaseInOperatingLeaseRightOfUseAssets
100

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