$GMRE
Global Medical REIT Inc

2021 Q3 Form 10-Q Financial Statement

#000155837021010815 Filed on August 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $29.98M $28.26M $22.06M
YoY Change 19.47% 28.14% 30.66%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.852M $4.285M $4.580M
YoY Change -76.81% -6.44% 42.24%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.639M $8.292M $6.593M
YoY Change 24.23% 25.77% 43.08%
% of Gross Profit
Operating Expenses $24.62M $24.10M $20.38M
YoY Change -29.02% 18.22% 41.37%
Operating Profit
YoY Change
Interest Expense $4.801M $5.020M $4.375M
YoY Change -1.3% 14.74% 5.88%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $5.368M $4.164M $1.670M
YoY Change -156.03% 149.34% -32.11%
Income Tax
% Of Pretax Income
Net Earnings $5.368M $4.164M $1.672M
YoY Change -156.03% 149.04% -32.09%
Net Earnings / Revenue 17.9% 14.73% 7.58%
Basic Earnings Per Share $0.06 $0.04
Diluted Earnings Per Share $80.12K $0.04 $36.56K
COMMON SHARES
Basic Shares Outstanding 64.20M 61.19M
Diluted Shares Outstanding 64.20M 61.19M

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.030M $5.821M $8.400M
YoY Change 187.14% -30.7% 162.5%
Cash & Equivalents $6.030M $5.821M $8.392M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $11.43M $10.97M $14.40M
YoY Change 28.44% -23.81% 102.82%
LONG-TERM ASSETS
Property, Plant & Equipment $1.097B $1.146B $861.4M
YoY Change 20.38% 33.05% 26.71%
Goodwill $5.903M $5.903M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.297M $5.219M $3.587M
YoY Change 54.91% 45.5% -80.29%
Total Long-Term Assets $1.232B $1.189B $952.2M
YoY Change 21.17% 24.87% 28.05%
TOTAL ASSETS
Total Short-Term Assets $11.43M $10.97M $14.40M
Total Long-Term Assets $1.232B $1.189B $952.2M
Total Assets $1.243B $1.200B $966.6M
YoY Change 21.23% 24.15% 28.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.07M $8.080M $8.800M
YoY Change 33.31% -8.18% 109.52%
Accrued Expenses $3.284M $2.832M $2.400M
YoY Change 5.94% 18.0% 0.0%
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 $34.26M $30.55M $30.30M
YoY Change 18.95% 0.82% 32.31%
LONG-TERM LIABILITIES
Long-Term Debt $554.6M $506.8M $466.5M
YoY Change 6.78% 8.63% 31.67%
Other Long-Term Liabilities $24.22M $25.40M $27.10M
YoY Change -13.8% -6.27% 127.73%
Total Long-Term Liabilities $578.8M $532.2M $493.6M
YoY Change 5.72% 7.81% 34.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.26M $30.55M $30.30M
Total Long-Term Liabilities $578.8M $532.2M $493.6M
Total Liabilities $613.1M $562.7M $523.9M
YoY Change 6.37% 7.42% 24.88%
SHAREHOLDERS EQUITY
Retained Earnings -$147.6M -$138.1M -$88.04M
YoY Change 36.7% 56.85%
Common Stock $64.00K $64.00K $46.00K
YoY Change 33.33% 39.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $615.7M $623.2M $427.9M
YoY Change
Total Liabilities & Shareholders Equity $1.243B $1.200B $966.6M
YoY Change 21.23% 24.15% 28.76%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $5.368M $4.164M $1.672M
YoY Change -156.03% 149.04% -32.09%
Depreciation, Depletion And Amortization $8.639M $8.292M $6.593M
YoY Change 24.23% 25.77% 43.08%
Cash From Operating Activities $18.61M $17.79M $11.61M
YoY Change -439.56% 53.2% 10.47%
INVESTING ACTIVITIES
Capital Expenditures -$50.53M -$73.08M -$7.630M
YoY Change -23.34% 857.79% -91.97%
Acquisitions
YoY Change
Other Investing Activities -$235.0K $688.0K $430.0K
YoY Change -187.04% 60.0% 207.14%
Cash From Investing Activities -$50.77M -$72.40M -$7.200M
YoY Change -22.67% 905.57% -92.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 31.66M 55.58M -7.950M
YoY Change -51.34% -799.14% -109.15%
NET CHANGE
Cash From Operating Activities 18.61M 17.79M 11.61M
Cash From Investing Activities -50.77M -72.40M -7.200M
Cash From Financing Activities 31.66M 55.58M -7.950M
Net Change In Cash -501.0K 967.0K -3.540M
YoY Change -91.75% -127.32% -237.74%
FREE CASH FLOW
Cash From Operating Activities $18.61M $17.79M $11.61M
Capital Expenditures -$50.53M -$73.08M -$7.630M
Free Cash Flow $69.14M $90.87M $19.24M
YoY Change 14.4% 372.27% -81.76%

Facts In Submission

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CY2020Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-50000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
529000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-928000
CY2021Q2 gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
3311000
CY2020Q2 gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
-755000
gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
8482000
gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
-12474000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
457760000
us-gaap Net Income Loss
NetIncomeLoss
7487000
gmre Common Stock Issued During Period Value New Issues
CommonStockIssuedDuringPeriodValueNewIssues
194513000
gmre Other Comprehensive Income Loss Change In Fair Value Of Interest Rate Swap Agreement
OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement
4435000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3327000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.41
us-gaap Dividends Common Stock
DividendsCommonStock
25623000
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
1733000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
637255000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
595819000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
4164000
CY2021Q2 gmre Common Stock Issued During Period Value New Issues
CommonStockIssuedDuringPeriodValueNewIssues
50341000
CY2021Q2 gmre Other Comprehensive Income Loss Change In Fair Value Of Interest Rate Swap Agreement
OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement
804000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1612000
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.205
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
13160000
CY2021Q2 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.46875
CY2021Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1456000
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
869000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
637255000
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
gmre Other Comprehensive Income Loss Change In Fair Value Of Interest Rate Swap Agreement
OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement
-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 gmre Other Comprehensive Income Loss Change In Fair Value Of Interest Rate Swap Agreement
OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement
-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
us-gaap Net Income Loss
NetIncomeLoss
7487000
us-gaap Net Income Loss
NetIncomeLoss
4489000
us-gaap Depreciation
Depreciation
16140000
us-gaap Depreciation
Depreciation
12429000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6097000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4269000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
145000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
403000
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
930000
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
634000
us-gaap Share Based Compensation
ShareBasedCompensation
3327000
us-gaap Share Based Compensation
ShareBasedCompensation
1819000
us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
84000
us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
135000
gmre Reserve For Uncollectible Receivables
ReserveForUncollectibleReceivables
-100000
gmre Reserve For Uncollectible Receivables
ReserveForUncollectibleReceivables
627000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-22000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-46000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-810000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1558000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2778000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2921000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-5000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-117000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
862000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3620000
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
45000
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-536000
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
295000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
33076000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23868000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
115545000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
76057000
us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
-1020000
us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
-500000
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-162000
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-61000
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
1284000
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
341000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-115971000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-75959000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
194455000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13605000
us-gaap Payments For Deposits Applied To Debt Retirements
PaymentsForDepositsAppliedToDebtRetirements
1734000
us-gaap Payments For Deposits Applied To Debt Retirements
PaymentsForDepositsAppliedToDebtRetirements
385000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
446000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
113000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
133100000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
88700000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
207200000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
20850000
gmre Payments Of Debt Issuance Cost
PaymentsOfDebtIssuanceCost
6177000
gmre Payments Of Debt Issuance Cost
PaymentsOfDebtIssuanceCost
128000
gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
24575000
gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
19675000
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
84512000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
58243000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1617000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6152000
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
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12370000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13337000
us-gaap Interest Paid Net
InterestPaidNet
9182000
us-gaap Interest Paid Net
InterestPaidNet
7916000
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
15251000
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
11281000
gmre Change In Fair Value Of Interest Rate Swap Recognized In Other Comprehensive Income Loss Non Cash Or Partial Non Cash Transaction
ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction
-4435000
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 Units Converted To Common Stock
UnitsConvertedToCommonStock
751000
gmre Units Converted To Common Stock
UnitsConvertedToCommonStock
15475000
us-gaap Loans Assumed1
LoansAssumed1
12074000
gmre Accrued Common Stock Offering Costs
AccruedCommonStockOfferingCosts
22000
gmre Accrued Common Stock Offering Costs
AccruedCommonStockOfferingCosts
70000
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>
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5821000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8392000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6549000
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4945000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12370000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13337000
CY2021Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
4886000
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
5596000
CY2021Q2 gmre Receivables Earned But Not Paid Relating To Tenant Rent
ReceivablesEarnedButNotPaidRelatingToTenantRent
1350000
CY2021Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1179000
gmre Tenant Reimbursement Amount
TenantReimbursementAmount
2357000
CY2020Q4 gmre Receivables Earned But Not Paid Relating To Tenant Rent
ReceivablesEarnedButNotPaidRelatingToTenantRent
1066000
CY2020Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1200000
CY2020 gmre Tenant Reimbursement Amount
TenantReimbursementAmount
3330000
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
350000
CY2021Q2 us-gaap Escrow Deposit
EscrowDeposit
5531000
CY2020Q4 us-gaap Escrow Deposit
EscrowDeposit
4817000
CY2021Q2 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
23050000
CY2020Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
20272000
CY2021Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
22970000
CY2021Q2 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
80000
CY2020Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
20192000
CY2020Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
80000
CY2021Q2 us-gaap Other Assets
OtherAssets
5219000
CY2020Q4 us-gaap Other Assets
OtherAssets
5019000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3451000
CY2021Q2 gmre Capitalized Pre Acquisition Costs
CapitalizedPreAcquisitionCosts
911000
CY2021Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
555000
CY2021Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
302000
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
PrepaidExpenseAndOtherAssets
588000
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
349000
CY2021Q2 us-gaap Goodwill
Goodwill
5903000
CY2020Q4 us-gaap Goodwill
Goodwill
5903000
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
11
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1142905000
CY2021Q2 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
872000
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
117419000
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1260324000
CY2021Q2 us-gaap Depreciation
Depreciation
8292000
us-gaap Depreciation
Depreciation
16140000
CY2020Q2 us-gaap Depreciation
Depreciation
6593000
us-gaap Depreciation
Depreciation
12429000
CY2021Q2 gmre Tenant Improvement Allowances Receivable
TenantImprovementAllowancesReceivable
28400000
CY2021Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
18000000
CY2021Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
17400000
CY2020 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
18
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
8515000
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
112649000
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
32029000
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
80620000
CY2021Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
11175000
CY2021Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
2738000
CY2021Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
8437000
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
BelowMarketLeaseGross
10072000
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1850000
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
8222000
CY2021Q2 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
184000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
6450000
CY2021Q2 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
385000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12745000
CY2021Q2 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
419000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
11782000
CY2021Q2 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
199000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
10358000
CY2021Q2 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
561000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7170000
CY2021Q2 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
1534000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
20396000
CY2021Q2 gmre Below Market Lease Net1
BelowMarketLeaseNet1
3282000
CY2021Q2 gmre Finite Lived Intangible Assets Net1
FiniteLivedIntangibleAssetsNet1
68901000
CY2021Q2 us-gaap Line Of Credit
LineOfCredit
442140000
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
521641000
gmre Line Of Credit Cash Paid Other
LineOfCreditCashPaidOther
6177000
gmre Line Of Credit Cash Paid Other
LineOfCreditCashPaidOther
59000
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
427000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
776000
CY2020Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
272000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
541000
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
66349000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
66349000
CY2021Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
706000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
835000
CY2021Q2 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
1023000
CY2020Q4 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
577000
CY2021Q2 us-gaap Notes Payable
NotesPayable
64620000
CY2020Q4 us-gaap Notes Payable
NotesPayable
64937000
CY2021Q2 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
786000
CY2020Q2 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
2298000
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
-1296000
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
16765000
CY2021Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1590000
CY2020Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1276000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3139000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1785000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
804000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1022000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4435000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-14980000
gmre Additional Interest Expense
AdditionalInterestExpense
6206000
CY2021Q2 us-gaap Interest Expense
InterestExpense
5020000
us-gaap Interest Expense
InterestExpense
10057000
CY2021Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0309
us-gaap Debt Instrument Term
DebtInstrumentTerm
P4Y8M15D
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0317
CY2020 us-gaap Debt Instrument Term
DebtInstrumentTerm
P2Y9M14D
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q2 gmre Dividend Accrued
DividendAccrued
970000
CY2020Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
2911000
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
2911000
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
64197000
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49461000
gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
24575000
CY2020 gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
19675000
us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
51000
us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
751000
CY2020 us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
1379000
CY2020 us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
17882000
CY2021Q2 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
1713000
CY2020Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
1764000
CY2021Q2 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
9248000
CY2020Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
9999000
CY2021Q2 gmre Management Fee Expense Incurred
ManagementFeeExpenseIncurred
2021000
gmre Management Fee Expense Incurred
ManagementFeeExpenseIncurred
4024000
us-gaap Incentive Fee Expense
IncentiveFeeExpense
0
CY2020Q2 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0
CY2021Q2 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
265000
CY2020Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
103000
CY2021Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0
CY2020Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
1295000
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
912000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
2207000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
320000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1612000
us-gaap Share Based Compensation
ShareBasedCompensation
3327000
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
897000
us-gaap Share Based Compensation
ShareBasedCompensation
1819000
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
7600
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
gmre Operating Lease Average Remaining Lease Term
OperatingLeaseAverageRemainingLeaseTerm
P10Y
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
28200000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
55525000
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
22036000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
43569000
CY2021Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1534000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2908000
CY2020Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1125000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2602000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
49602000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
99141000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
96766000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
89408000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
77167000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
397462000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
809546000
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P41Y
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.075
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
39000
us-gaap Operating Lease Expense
OperatingLeaseExpense
75000
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
31000
us-gaap Operating Lease Payments
OperatingLeasePayments
61000
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
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
193000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
409000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
174000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
129000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
129000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4498000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5532000
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2700000
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2832000
gmre Number Of Tenants
NumberOfTenants
126
gmre Number Of Facilities Leased
NumberOfFacilitiesLeased
97
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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