$GMRE
Global Medical REIT Inc

2022 Q3 Form 10-Q Financial Statement

#000155837022012428 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $35.41M $33.70M $30.34M
YoY Change 18.09% 19.23% 21.71%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.961M $4.336M $3.934M
YoY Change 2.83% 1.19% -11.2%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.13M $9.898M $12.63M
YoY Change 17.24% 19.37% 24.69%
% of Gross Profit
Operating Expenses $32.13M $29.86M $21.11M
YoY Change 30.53% 23.93% -5.49%
Operating Profit
YoY Change
Interest Expense $6.963M $5.401M -$4.809M
YoY Change 45.03% 7.59% -4.96%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $10.03M $3.834M $5.487M
YoY Change 86.83% -7.93% 111.85%
Income Tax
% Of Pretax Income
Net Earnings $10.03M $3.834M $5.259M
YoY Change 86.83% -7.93% 102.89%
Net Earnings / Revenue 28.33% 11.38% 17.33%
Basic Earnings Per Share $0.12 $0.03
Diluted Earnings Per Share $0.12 $0.03 $81.70K
COMMON SHARES
Basic Shares Outstanding 65.52M 65.51M 64.21M
Diluted Shares Outstanding 65.52M 65.51M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.199M $5.873M $7.213M
YoY Change -46.95% 0.89% 31.15%
Cash & Equivalents $3.199M $5.873M $7.213M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $9.918M $12.40M $13.45M
YoY Change -13.24% 13.01% 20.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.300B $1.180B $1.116B
YoY Change 18.51% 2.92% 14.02%
Goodwill $5.903M $5.903M $5.903M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.042M $6.056M $6.232M
YoY Change -15.13% 16.04% 24.17%
Total Long-Term Assets $1.397B $1.345B $1.250B
YoY Change 13.39% 13.11% 14.71%
TOTAL ASSETS
Total Short-Term Assets $9.918M $12.40M $13.45M
Total Long-Term Assets $1.397B $1.345B $1.250B
Total Assets $1.407B $1.357B $1.263B
YoY Change 13.15% 13.11% 14.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.10M $11.92M $10.34M
YoY Change 18.39% 47.55% 41.7%
Accrued Expenses $13.10M $3.112M $4.479M
YoY Change 298.9% 9.89% -27.76%
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 $37.33M $36.26M $35.03M
YoY Change 8.98% 18.71% 15.61%
LONG-TERM LIABILITIES
Long-Term Debt $692.8M $659.7M $571.7M
YoY Change 24.92% 30.17% -2.54%
Other Long-Term Liabilities $15.07M $12.22M $19.15M
YoY Change -37.79% -51.9% -27.19%
Total Long-Term Liabilities $707.9M $671.9M $590.9M
YoY Change 22.3% 26.26% -3.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.33M $36.26M $35.03M
Total Long-Term Liabilities $707.9M $671.9M $590.9M
Total Liabilities $742.2M $708.2M $625.9M
YoY Change 21.05% 25.85% -2.68%
SHAREHOLDERS EQUITY
Retained Earnings -$185.3M -$179.6M -$157.0M
YoY Change 25.59% 30.07% 34.46%
Common Stock $66.00K $66.00K $65.00K
YoY Change 3.13% 3.13% 32.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $648.7M $634.0M $622.8M
YoY Change
Total Liabilities & Shareholders Equity $1.407B $1.357B $1.263B
YoY Change 13.15% 13.11% 14.77%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $10.03M $3.834M $5.259M
YoY Change 86.83% -7.93% 102.89%
Depreciation, Depletion And Amortization $10.13M $9.898M $12.63M
YoY Change 17.24% 19.37% 24.69%
Cash From Operating Activities $18.31M $23.48M $17.28M
YoY Change -1.58% 32.03% 7.15%
INVESTING ACTIVITIES
Capital Expenditures -$52.34M -$75.91M -$34.30M
YoY Change 3.57% 3.88% -57.95%
Acquisitions
YoY Change
Other Investing Activities $18.89M $114.0K $6.372M
YoY Change -8137.87% -83.43% -1374.4%
Cash From Investing Activities -$33.45M -$75.80M -$27.92M
YoY Change -34.12% 4.69% -65.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.53M 58.32M 11.53M
YoY Change -54.11% 4.94% -83.39%
NET CHANGE
Cash From Operating Activities 18.31M 23.48M 17.28M
Cash From Investing Activities -33.45M -75.80M -27.92M
Cash From Financing Activities 14.53M 58.32M 11.53M
Net Change In Cash -605.0K 6.010M 890.0K
YoY Change 20.76% 521.51% -74.5%
FREE CASH FLOW
Cash From Operating Activities $18.31M $23.48M $17.28M
Capital Expenditures -$52.34M -$75.91M -$34.30M
Free Cash Flow $70.65M $99.39M $51.58M
YoY Change 2.18% 9.39% -47.2%

Facts In Submission

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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11922000
CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1455000
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1455000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2911000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2911000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
491000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
202000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1706000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
529000
CY2022Q2 gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
7658000
CY2021Q2 gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
3311000
gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
26665000
gmre Comprehensive Income Loss Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeLossNetOfTaxAttributableToCommonShareholders
8482000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
637577000
us-gaap Net Income Loss
NetIncomeLoss
8119000
gmre Common Stock Issued During Period Value New Issues
CommonStockIssuedDuringPeriodValueNewIssues
9979000
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
gmre Other Comprehensive Income Loss Change In Fair Value Of Interest Rate Swap Agreement
OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement
23163000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2576000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
us-gaap Dividends Common Stock
DividendsCommonStock
27492000
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
1902000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
649109000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
652617000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
3834000
CY2022Q2 gmre Common Stock Issued During Period Value New Issues
CommonStockIssuedDuringPeriodValueNewIssues
1769000
CY2022Q2 gmre Other Comprehensive Income Loss Change In Fair Value Of Interest Rate Swap Agreement
OtherComprehensiveIncomeLossChangeInFairValueOfInterestRateSwapAgreement
5770000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1289000
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
13760000
CY2022Q2 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.46875
CY2022Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1456000
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
954000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
649109000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
457760000
us-gaap Net Income Loss
NetIncomeLoss
7487000
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
us-gaap Net Income Loss
NetIncomeLoss
8119000
us-gaap Net Income Loss
NetIncomeLoss
7487000
us-gaap Depreciation
Depreciation
19300000
us-gaap Depreciation
Depreciation
16140000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7871000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6097000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
514000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
145000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-102394000
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
1029000
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
930000
us-gaap Share Based Compensation
ShareBasedCompensation
2576000
us-gaap Share Based Compensation
ShareBasedCompensation
3327000
us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
190000
us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
84000
gmre Reserve For Uncollectible Receivables
ReserveForUncollectibleReceivables
-100000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-45000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-22000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
119000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-810000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2314000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2778000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-323000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-5000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1621000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
862000
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
764000
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
45000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39919000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
33076000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
99917000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
115545000
us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
794000
us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
-1020000
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-174000
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-162000
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
1509000
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
1284000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-115971000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9979000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
194455000
us-gaap Payments For Deposits Applied To Debt Retirements
PaymentsForDepositsAppliedToDebtRetirements
957000
us-gaap Payments For Deposits Applied To Debt Retirements
PaymentsForDepositsAppliedToDebtRetirements
1734000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
552000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
446000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
92500000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
133100000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
5000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
207200000
gmre Payments Of Debt Issuance Cost
PaymentsOfDebtIssuanceCost
7000
gmre Payments Of Debt Issuance Cost
PaymentsOfDebtIssuanceCost
6177000
gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
29136000
gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
24575000
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
63916000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
84512000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1441000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1617000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12759000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10753000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14200000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12370000
us-gaap Interest Paid Net
InterestPaidNet
9046000
us-gaap Interest Paid Net
InterestPaidNet
9182000
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
15926000
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
15251000
gmre Change In Fair Value Of Interest Rate Swap Recognized In Other Comprehensive Income Loss Non Cash Or Partial Non Cash Transaction
ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction
-23163000
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 Units Converted To Common Stock
UnitsConvertedToCommonStock
682000
gmre Units Converted To Common Stock
UnitsConvertedToCommonStock
751000
gmre Accrued Common Stock Offering Costs
AccruedCommonStockOfferingCosts
22000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1697000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
574000
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>
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5873000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5821000
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8327000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6549000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14200000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12370000
CY2021Q4 gmre Receivables To Be Collected To Pay Specific Tenant Expenses
ReceivablesToBeCollectedToPaySpecificTenantExpenses
3809000
CY2021Q4 gmre Capitalized Pre Acquisition Costs
CapitalizedPreAcquisitionCosts
257000
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
1916000
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
6189000
CY2021Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
6070000
CY2022Q2 gmre Receivables Earned But Not Paid Relating To Tenant Rent
ReceivablesEarnedButNotPaidRelatingToTenantRent
1143000
CY2022Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1149000
gmre Tenant Reimbursement Amount
TenantReimbursementAmount
3897000
CY2021Q4 gmre Receivables Earned But Not Paid Relating To Tenant Rent
ReceivablesEarnedButNotPaidRelatingToTenantRent
1309000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1158000
CY2021 gmre Tenant Reimbursement Amount
TenantReimbursementAmount
3603000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
350000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
350000
CY2022Q2 us-gaap Escrow Deposit
EscrowDeposit
7708000
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
5957000
CY2022Q2 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
27731000
CY2021Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
25417000
CY2022Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
27583000
CY2022Q2 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
148000
CY2021Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
25356000
CY2021Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
61000
CY2022Q2 us-gaap Other Assets
OtherAssets
6056000
CY2021Q4 us-gaap Other Assets
OtherAssets
6232000
CY2022Q2 gmre Receivables To Be Collected To Pay Specific Tenant Expenses
ReceivablesToBeCollectedToPaySpecificTenantExpenses
3647000
CY2022Q2 gmre Capitalized Pre Acquisition Costs
CapitalizedPreAcquisitionCosts
741000
CY2022Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
1474000
CY2022Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
194000
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
250000
CY2022Q2 us-gaap Goodwill
Goodwill
5903000
CY2021Q4 us-gaap Goodwill
Goodwill
5903000
us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
CY2022Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0
CY2021Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0
CY2022Q2 us-gaap Other Liabilities
OtherLiabilities
7428000
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
7709000
CY2022Q2 gmre Right Of Use Liabilities
RightOfUseLiabilities
3112000
CY2022Q2 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
4316000
CY2021Q4 gmre Right Of Use Liabilities
RightOfUseLiabilities
4479000
CY2021Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
3230000
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
9
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1343003000
CY2022Q2 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
775000
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
101562000
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1444565000
CY2022Q2 us-gaap Depreciation
Depreciation
9898000
us-gaap Depreciation
Depreciation
19300000
CY2021Q2 us-gaap Depreciation
Depreciation
8292000
us-gaap Depreciation
Depreciation
16140000
CY2022Q2 gmre Tenant Improvement Allowances Receivable
TenantImprovementAllowancesReceivable
24183000
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
20403000
CY2021 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
20
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1142905000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1343003000
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
146339000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
49708000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
96631000
CY2022Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
12694000
CY2022Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
4791000
CY2022Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
7903000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
127931000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
40246000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
87685000
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
11842000
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
3714000
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
8128000
CY2022Q2 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
742000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
8366000
CY2022Q2 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
1515000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
15823000
CY2022Q2 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
1356000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
13693000
CY2022Q2 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
1745000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
10219000
CY2022Q2 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
1822000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8500000
CY2022Q2 gmre Below Market Lease Amortization Income After Year Four
BelowMarketLeaseAmortizationIncomeAfterYearFour
4980000
CY2022Q2 gmre Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
19967000
CY2022Q2 gmre Below Market Lease Net1
BelowMarketLeaseNet1
12160000
CY2022Q2 gmre Finite Lived Intangible Assets Net1
FiniteLivedIntangibleAssetsNet1
76568000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
87500000
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
602987000
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
514567000
gmre Line Of Credit Cash Paid Other
LineOfCreditCashPaidOther
7000
gmre Line Of Credit Cash Paid Other
LineOfCreditCashPaidOther
6177000
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
57217000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
57769000
CY2022Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
530000
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
607000
CY2022Q2 us-gaap Notes Payable
NotesPayable
56687000
CY2021Q4 us-gaap Notes Payable
NotesPayable
57162000
CY2022Q2 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
-4757000
CY2021Q2 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
786000
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
-20634000
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
-1296000
CY2022Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1013000
CY2021Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1590000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
2529000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3139000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5770000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
804000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
23163000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4435000
gmre Additional Interest Expense
AdditionalInterestExpense
4242000
CY2022Q2 us-gaap Interest Expense
InterestExpense
5401000
us-gaap Interest Expense Debt
InterestExpenseDebt
10202000
CY2022Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0314
us-gaap Debt Instrument Term
DebtInstrumentTerm
P3Y9M14D
CY2021Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0287
CY2021 us-gaap Debt Instrument Term
DebtInstrumentTerm
P4Y3M10D
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 gmre Dividend Accrued
DividendAccrued
970000
us-gaap Payments Of Dividends
PaymentsOfDividends
2911000
us-gaap Payments Of Dividends
PaymentsOfDividends
2911000
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
65518000
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
64880000
gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
29136000
gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
24575000
us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
35
us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
600000
CY2021 us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
62
CY2021 us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
919000
CY2022Q2 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
1667000
CY2021Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
1702000
CY2022Q2 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
8480000
CY2021Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
9080000
CY2022Q2 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
337000
CY2021Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
163000
CY2022Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0
gmre Operating Lease Average Remaining Lease Term
OperatingLeaseAverageRemainingLeaseTerm
P10Y
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
33679000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
1862000
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
677000
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
2539000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
80995000
CY2022Q2 gmre Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
384899000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
829298000
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
337000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1289000
us-gaap Share Based Compensation
ShareBasedCompensation
2576000
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1612000
us-gaap Share Based Compensation
ShareBasedCompensation
3327000
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
6900000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
65530000
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
28200000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
55525000
CY2022Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1920000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
3867000
CY2021Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1534000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2908000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
57922000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
113117000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
102977000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
89388000
CY2022Q2 gmre Buildings Located On Land That Is Subject To Operating Ground Leases
BuildingsLocatedOnLandThatIsSubjectToOperatingGroundLeases
7
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P40Y
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.075
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
55000
us-gaap Operating Lease Expense
OperatingLeaseExpense
110000
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
44000
us-gaap Operating Lease Payments
OperatingLeasePayments
72000
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
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
221000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
206000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
162000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
163000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
165000
CY2022Q2 gmre Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
6041000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6958000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3846000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
3112000
gmre Number Of Tenants
NumberOfTenants
228
gmre Number Of Facilities Leased
NumberOfFacilitiesLeased
114
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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