$GMRE
Global Medical REIT Inc

2021 Q1 Form 10-Q Financial Statement

#000155837021006497 Filed on May 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $27.35M $21.65M
YoY Change 26.33% 42.43%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.380M $4.350M
YoY Change 0.69% 47.96%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.848M $5.836M
YoY Change 34.48% 50.92%
% of Gross Profit
Operating Expenses $24.03M $18.83M
YoY Change 27.58% 43.13%
Operating Profit
YoY Change
Interest Expense $5.037M $4.378M
YoY Change 15.05% 8.77%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.320M $2.820M
YoY Change 17.73% 38.24%
Income Tax
% Of Pretax Income
Net Earnings $3.323M $2.817M
YoY Change 17.96% 37.89%
Net Earnings / Revenue 12.15% 13.01%
Basic Earnings Per Share $0.03
Diluted Earnings Per Share $0.03 $61.34K
COMMON SHARES
Basic Shares Outstanding 52.67M
Diluted Shares Outstanding 52.67M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.300M $11.30M
YoY Change -53.1% 527.78%
Cash & Equivalents $5.304M $11.34M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $11.10M $17.10M
YoY Change -35.09% 216.67%
LONG-TERM ASSETS
Property, Plant & Equipment $1.009B $850.1M
YoY Change 18.73% 41.75%
Goodwill $5.903M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.530M $25.50M
YoY Change -78.31% 747.46%
Total Long-Term Assets $1.125B $939.1M
YoY Change 19.82% 44.19%
TOTAL ASSETS
Total Short-Term Assets $11.10M $17.10M
Total Long-Term Assets $1.125B $939.1M
Total Assets $1.136B $956.2M
YoY Change 18.84% 45.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.200M $7.100M
YoY Change 1.41% 108.82%
Accrued Expenses $6.800M $2.400M
YoY Change 183.33% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.80M $28.90M
YoY Change 13.49% 44.5%
LONG-TERM LIABILITIES
Long-Term Debt $485.0M $464.5M
YoY Change 4.41% 79.62%
Other Long-Term Liabilities $22.60M $23.90M
YoY Change -5.44% 218.67%
Total Long-Term Liabilities $507.6M $488.4M
YoY Change 3.93% 83.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.80M $28.90M
Total Long-Term Liabilities $507.6M $488.4M
Total Liabilities $540.5M $540.6M
YoY Change -0.02% 88.94%
SHAREHOLDERS EQUITY
Retained Earnings -$127.5M
YoY Change
Common Stock $61.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $581.9M $415.6M
YoY Change
Total Liabilities & Shareholders Equity $1.136B $956.2M
YoY Change 18.84% 45.61%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $3.323M $2.817M
YoY Change 17.96% 37.89%
Depreciation, Depletion And Amortization $7.848M $5.836M
YoY Change 34.48% 50.92%
Cash From Operating Activities $15.29M $12.26M
YoY Change 24.69% 99.41%
INVESTING ACTIVITIES
Capital Expenditures -$43.75M -$68.77M
YoY Change -36.38% 208.11%
Acquisitions
YoY Change
Other Investing Activities $170.0K $10.00K
YoY Change 1600.0% -103.03%
Cash From Investing Activities -$43.57M -$68.76M
YoY Change -36.63% 203.52%
FINANCING ACTIVITIES
Cash Dividend Paid $1.455M $2.911M
YoY Change -50.02% 100.07%
Common Stock Issuance & Retirement, Net $144.3M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 28.93M 66.19M
YoY Change -56.29% 342.12%
NET CHANGE
Cash From Operating Activities 15.29M 12.26M
Cash From Investing Activities -43.57M -68.76M
Cash From Financing Activities 28.93M 66.19M
Net Change In Cash 647.0K 9.691M
YoY Change -93.32% -731.34%
FREE CASH FLOW
Cash From Operating Activities $15.29M $12.26M
Capital Expenditures -$43.75M -$68.77M
Free Cash Flow $59.04M $81.03M
YoY Change -27.14% 184.64%

Facts In Submission

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CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1629000
CY2021Q1 us-gaap Increase Decrease In Other Current Assets
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-551000
CY2020Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-28000
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-287000
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2051000
CY2021Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
27000
CY2020Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
195000
CY2020Q1 us-gaap Increase Decrease In Due To Related Parties
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275000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15287000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12260000
CY2021Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
43348000
CY2020Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
68457000
CY2021Q1 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
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CY2020Q1 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
100000
CY2021Q1 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-127000
CY2020Q1 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
5000
CY2021Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
397000
CY2020Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
211000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
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144312000
CY2020Q1 us-gaap Payment Of Financing And Stock Issuance Costs
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269000
CY2021Q1 us-gaap Payments For Deposits Applied To Debt Retirements
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646000
CY2020Q1 us-gaap Payments For Deposits Applied To Debt Retirements
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72000
CY2021Q1 us-gaap Repayments Of Notes Payable
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190000
CY2020Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
35000
CY2021Q1 us-gaap Proceeds From Long Term Lines Of Credit
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50100000
CY2020Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
81700000
CY2021Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
151800000
CY2020Q1 us-gaap Repayments Of Long Term Lines Of Credit
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3600000
CY2021Q1 gmre Payments Of Debt Issuance Cost
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74000
CY2020Q1 gmre Payments Of Debt Issuance Cost
PaymentsOfDebtIssuanceCost
44000
CY2021Q1 gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
11315000
CY2020Q1 gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
10031000
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1455000
CY2020Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1455000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
28932000
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
66194000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
647000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9691000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10753000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7185000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11400000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16876000
CY2021Q1 us-gaap Interest Paid Net
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4602000
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
3823000
CY2021Q1 us-gaap Liabilities Assumed1
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14482000
CY2020Q1 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
10949000
CY2021Q1 gmre Change In Fair Value Of Interest Rate Swap Recognized In Other Comprehensive Income Loss Non Cash Or Partial Non Cash Transaction
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CY2020Q1 gmre Change In Fair Value Of Interest Rate Swap Recognized In Other Comprehensive Income Loss Non Cash Or Partial Non Cash Transaction
ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction
13958000
CY2021Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
5585000
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
5596000
CY2021Q1 gmre Receivables Earned But Not Paid Relating To Tenant Rent
ReceivablesEarnedButNotPaidRelatingToTenantRent
1863000
CY2021Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
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1190000
CY2021Q1 gmre Tenant Reimbursement Amount
TenantReimbursementAmount
2532000
CY2020Q1 gmre Units Converted To Common Stock
UnitsConvertedToCommonStock
6890000
CY2021Q1 gmre Accrued Common Stock Offering Costs
AccruedCommonStockOfferingCosts
220000
CY2021Q1 us-gaap Use Of Estimates
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<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>
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5304000
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11340000
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6096000
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5536000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11400000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16876000
CY2020Q4 gmre Receivables Earned But Not Paid Relating To Tenant Rent
ReceivablesEarnedButNotPaidRelatingToTenantRent
1817000
CY2020Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
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1200000
CY2020 gmre Tenant Reimbursement Amount
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2579000
CY2021Q1 us-gaap Contract With Customer Liability
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450000
CY2021Q1 us-gaap Escrow Deposit
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5163000
CY2020Q4 us-gaap Escrow Deposit
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4817000
CY2021Q1 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
21676000
CY2020Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
20272000
CY2021Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
21596000
CY2021Q1 us-gaap Other Deferred Costs Net
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80000
CY2020Q4 us-gaap Deferred Rent Receivables Net
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20192000
CY2020Q4 us-gaap Other Deferred Costs Net
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80000
CY2021Q1 us-gaap Other Assets
OtherAssets
5530000
CY2020Q4 us-gaap Other Assets
OtherAssets
5019000
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3525000
CY2021Q1 gmre Capitalized Pre Acquisition Costs
CapitalizedPreAcquisitionCosts
939000
CY2021Q1 us-gaap Prepaid Expense And Other Assets
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738000
CY2021Q1 us-gaap Capitalized Computer Software Net
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328000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3598000
CY2020Q4 gmre Capitalized Pre Acquisition Costs
CapitalizedPreAcquisitionCosts
484000
CY2020Q4 us-gaap Prepaid Expense And Other Assets
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588000
CY2020Q4 us-gaap Capitalized Computer Software Net
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349000
CY2021Q1 us-gaap Goodwill
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5903000
CY2020Q4 us-gaap Goodwill
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5903000
CY2020Q4 us-gaap Property Plant And Equipment Gross
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1142905000
CY2021Q1 us-gaap Accumulated Capitalized Interest Costs
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134000
CY2021Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
43570000
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1186475000
CY2021Q1 us-gaap Depreciation
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7848000
CY2020Q1 us-gaap Depreciation
Depreciation
5836000
CY2021Q1 gmre Tenant Improvement Allowances Receivable
TenantImprovementAllowancesReceivable
29500000
CY2021Q1 us-gaap Finance Lease Liability Noncurrent
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18900000
CY2020 us-gaap Number Of Businesses Acquired
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18
CY2019Q4 us-gaap Property Plant And Equipment Gross
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905529000
CY2020Q4 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
1799000
CY2020 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
237376000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1142905000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
8515000
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
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103269000
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
28374000
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
74895000
CY2021Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
10279000
CY2021Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
2281000
CY2021Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
7998000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
98234000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24899000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
73335000
CY2020Q4 us-gaap Below Market Lease Gross
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10072000
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1850000
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
8222000
CY2021Q1 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
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205000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
8633000
CY2021Q1 us-gaap Below Market Lease Amortization Income Next Twelve Months
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290000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
11294000
CY2021Q1 us-gaap Below Market Lease Amortization Income Year Two
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324000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10332000
CY2021Q1 us-gaap Below Market Lease Amortization Income Year Three
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104000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8939000
CY2021Q1 us-gaap Below Market Lease Amortization Income Year Four
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438000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5919000
CY2021Q1 us-gaap Below Market Lease Amortization Income After Year Five
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1484000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
18935000
CY2021Q1 gmre Below Market Lease Net1
BelowMarketLeaseNet1
2845000
CY2021Q1 gmre Finite Lived Intangible Assets Net1
FiniteLivedIntangibleAssetsNet1
64052000
CY2021Q1 us-gaap Other Operating Activities Cash Flow Statement
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50100000
CY2021Q1 us-gaap Repayments Of Lines Of Credit
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151800000
CY2020Q1 us-gaap Other Operating Activities Cash Flow Statement
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81700000
CY2020Q1 us-gaap Repayments Of Lines Of Credit
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3600000
CY2021Q1 us-gaap Line Of Credit
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420216000
CY2020Q4 us-gaap Line Of Credit
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521641000
CY2021Q1 gmre Line Of Credit Cash Paid Other
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74000
CY2020Q1 gmre Line Of Credit Cash Paid Other
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44000
CY2021Q1 us-gaap Debt Instrument Carrying Amount
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66349000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
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66349000
CY2021Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
772000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
835000
CY2021Q1 us-gaap Debt Instrument Annual Principal Payment
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767000
CY2020Q4 us-gaap Debt Instrument Annual Principal Payment
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577000
CY2021Q1 us-gaap Notes Payable
NotesPayable
64810000
CY2020Q4 us-gaap Notes Payable
NotesPayable
64937000
CY2021Q1 us-gaap Amortization Of Financing Costs
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63000
CY2020Q1 us-gaap Amortization Of Financing Costs
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33000
CY2021Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
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-2082000
CY2020Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
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14466000
CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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1549000
CY2020Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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508000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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3631000
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021Q1 gmre Additional Interest Expense
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6173000
CY2021Q1 us-gaap Interest Expense
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5037000
CY2021Q1 us-gaap Debt Weighted Average Interest Rate
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0.0366
CY2021Q1 us-gaap Debt Instrument Term
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P2Y6M29D
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
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0.0317
CY2020 us-gaap Debt Instrument Term
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P2Y9M14D
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2021Q1 us-gaap Preferred Stock Shares Authorized
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10000000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2021Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2021Q1 gmre Dividend Accrued
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970000
CY2020Q1 us-gaap Payments Of Dividends
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1455000
CY2021Q1 us-gaap Payments Of Dividends
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1455000
CY2021Q1 us-gaap Common Stock Shares Authorized
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500000000
CY2020Q4 us-gaap Common Stock Shares Authorized
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500000000
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
60794000
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49461000
CY2021Q1 gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
11315000
CY2020 gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
10031000
CY2021Q1 us-gaap Partners Capital Account Units Treasury
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0
CY2020 us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
1379000
CY2020 us-gaap Partners Capital Account Treasury Units Purchases
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17882000
CY2021Q1 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
1764000
CY2020Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
1764000
CY2021Q1 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
9999000
CY2020Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
9999000
CY2020Q1 gmre Management Fee Expense Incurred
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2002000
CY2020Q1 us-gaap Incentive Fee Expense
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0
CY2021Q1 us-gaap Due From Related Parties Current
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229000
CY2020Q4 us-gaap Due From Related Parties Current
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103000
CY2021Q1 us-gaap Due To Related Parties Current And Noncurrent
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0
CY2020Q4 us-gaap Due To Related Parties Current And Noncurrent
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0
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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91097000
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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83921000
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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72268000
CY2021Q1 us-gaap Operating Lease Payments
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30000
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
36000
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
16000
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
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1288000
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
838000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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2126000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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320000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.000
CY2021Q1 us-gaap Share Based Compensation
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1715000
CY2020Q1 us-gaap Share Based Compensation
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922000
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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8500
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y3M18D
CY2021Q1 gmre Operating Lease Average Remaining Lease Term
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P10Y
CY2021Q1 us-gaap Operating Lease Lease Income
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27325000
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
21533000
CY2021Q1 us-gaap Variable Lease Payment
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1374000
CY2020Q1 us-gaap Variable Lease Payment
VariableLeasePayment
1484000
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
70193000
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
93549000
CY2020Q1 us-gaap Operating Lease Expense
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42000
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
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388529000
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received
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799557000
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.075
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
290000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
409000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
174000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
129000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
129000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4498000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5629000
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2733000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2896000
CY2021Q1 gmre Number Of Tenants
NumberOfTenants
117
CY2021Q1 gmre Number Of Facilities Leased
NumberOfFacilitiesLeased
90
CY2021Q1 us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
During this period there were no tenants with rental revenue that exceeded 10% of the Company’s rental revenue.

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