$GMRE
Global Medical REIT Inc.

2023 Q2 Form 10-Q Financial Statement

#000155837023008304 Filed on May 05, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $36.35M $36.23M
YoY Change 7.88% 13.66%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.462M $3.804M
YoY Change 2.91% -9.36%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.47M $10.49M
YoY Change 5.76% 11.61%
% of Gross Profit
Operating Expenses $34.96M $34.54M
YoY Change 17.07% 25.2%
Operating Profit
YoY Change
Interest Expense $8.468M $8.271M
YoY Change 56.79% 72.28%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $14.18M $2.173M
YoY Change 269.77% -49.3%
Income Tax
% Of Pretax Income
Net Earnings $14.18M $2.173M
YoY Change 269.77% -49.3%
Net Earnings / Revenue 39.0% 6.0%
Basic Earnings Per Share $0.18 $0.01
Diluted Earnings Per Share $0.18 $0.01
COMMON SHARES
Basic Shares Outstanding 65.53M 65.53M
Diluted Shares Outstanding 65.54M 65.53M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.460M $4.603M
YoY Change -58.11% 148.27%
Cash & Equivalents $2.460M $4.603M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $10.23M $12.33M
YoY Change -17.48% 40.36%
LONG-TERM ASSETS
Property, Plant & Equipment $1.145B $1.268B
YoY Change -2.92% 12.31%
Goodwill $5.903M $5.903M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.30M $7.473M
YoY Change 103.14% 17.78%
Total Long-Term Assets $1.311B $1.357B
YoY Change -2.55% 6.27%
TOTAL ASSETS
Total Short-Term Assets $10.23M $12.33M
Total Long-Term Assets $1.311B $1.357B
Total Assets $1.321B $1.369B
YoY Change -2.69% 6.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.46M $12.60M
YoY Change 29.65% 35.94%
Accrued Expenses $7.543M $12.60M
YoY Change 142.38% 296.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $43.26M $33.15M
YoY Change 19.29% 0.78%
LONG-TERM LIABILITIES
Long-Term Debt $625.1M $692.2M
YoY Change -5.24% 18.11%
Other Long-Term Liabilities $11.04M $15.25M
YoY Change -9.67% 9.45%
Total Long-Term Liabilities $636.1M $707.4M
YoY Change -5.32% 17.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.26M $33.15M
Total Long-Term Liabilities $636.1M $707.4M
Total Liabilities $679.4M $740.6M
YoY Change -4.06% 17.02%
SHAREHOLDERS EQUITY
Retained Earnings -$213.7M -$211.8M
YoY Change 19.0% 26.0%
Common Stock $66.00K $66.00K
YoY Change 0.0% 1.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $619.6M $612.8M
YoY Change
Total Liabilities & Shareholders Equity $1.321B $1.369B
YoY Change -2.69% 6.5%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $14.18M $2.173M
YoY Change 269.77% -49.3%
Depreciation, Depletion And Amortization $10.47M $10.49M
YoY Change 5.76% 11.61%
Cash From Operating Activities $17.88M $15.77M
YoY Change -23.87% -4.05%
INVESTING ACTIVITIES
Capital Expenditures $1.813M $962.0K
YoY Change -102.39% -103.66%
Acquisitions
YoY Change
Other Investing Activities $63.79M $4.054M
YoY Change 55853.51% -1507.64%
Cash From Investing Activities $61.97M $3.092M
YoY Change -181.76% -111.63%
FINANCING ACTIVITIES
Cash Dividend Paid $1.455M
YoY Change 0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -84.05M -19.34M
YoY Change -244.1% -445.86%
NET CHANGE
Cash From Operating Activities 17.88M 15.77M
Cash From Investing Activities 61.97M 3.092M
Cash From Financing Activities -84.05M -19.34M
Net Change In Cash -4.196M -474.0K
YoY Change -169.82% -89.63%
FREE CASH FLOW
Cash From Operating Activities $17.88M $15.77M
Capital Expenditures $1.813M $962.0K
Free Cash Flow $16.07M $14.81M
YoY Change -83.84% -65.35%

Facts In Submission

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AmortizationOfAboveAndBelowMarketLeases
291000
CY2022Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
199000
CY2023Q1 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
601000
CY2022Q1 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
515000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
688000
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1287000
CY2023Q1 us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
15000
CY2022Q1 us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
153000
CY2023Q1 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
485000
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-29000
CY2023Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-638000
CY2022Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
407000
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
811000
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1297000
CY2023Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
210000
CY2022Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
532000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1223000
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1030000
CY2023Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-773000
CY2022Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
76000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15771000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16436000
CY2022Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
24468000
CY2023Q1 gmre Proceeds From Sale Of Investment Property
ProceedsFromSaleOfInvestmentProperty
4175000
CY2023Q1 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
153000
CY2022Q1 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
1284000
CY2023Q1 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-121000
CY2022Q1 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-288000
CY2023Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
809000
CY2022Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
556000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3092000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-26596000
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8210000
CY2023Q1 us-gaap Payments For Deposits Applied To Debt Retirements
PaymentsForDepositsAppliedToDebtRetirements
639000
CY2022Q1 us-gaap Payments For Deposits Applied To Debt Retirements
PaymentsForDepositsAppliedToDebtRetirements
456000
CY2023Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
344000
CY2022Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
282000
CY2023Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
12600000
CY2022Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
14100000
CY2023Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
14800000
CY2023Q1 gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
14699000
CY2022Q1 gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
14526000
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1455000
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1455000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19337000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5591000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-474000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4569000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14455000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12759000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13981000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8190000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
8139000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
4258000
CY2023Q1 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
15854000
CY2022Q1 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
15823000
CY2023Q1 gmre Change In Fair Value Of Interest Rate Swap Recognized In Other Comprehensive Income Loss Non Cash Or Partial Non Cash Transaction
ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction
7264000
CY2022Q1 gmre Change In Fair Value Of Interest Rate Swap Recognized In Other Comprehensive Income Loss Non Cash Or Partial Non Cash Transaction
ChangeInFairValueOfInterestRateSwapRecognizedInOtherComprehensiveIncomeLossNonCashOrPartialNonCashTransaction
-17393000
CY2023Q1 gmre Units Converted To Common Stock
UnitsConvertedToCommonStock
122000
CY2022Q1 gmre Units Converted To Common Stock
UnitsConvertedToCommonStock
682000
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
778000
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1841000
CY2023Q1 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>
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
7402000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4603000
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1854000
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9378000
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6336000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13981000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8190000
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
8040000
CY2023Q1 gmre Receivables Earned But Not Paid Relating To Tenant Rent
ReceivablesEarnedButNotPaidRelatingToTenantRent
1879000
CY2023Q1 gmre Tenant Reimbursement Amount
TenantReimbursementAmount
4913000
CY2023Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
140000
CY2023Q1 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
470000
CY2022Q4 gmre Receivables Earned But Not Paid Relating To Tenant Rent
ReceivablesEarnedButNotPaidRelatingToTenantRent
1348000
CY2022 gmre Tenant Reimbursement Amount
TenantReimbursementAmount
5520000
CY2022Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
143000
CY2022Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
1029000
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
350000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
350000
CY2023Q1 us-gaap Escrow Deposit
EscrowDeposit
8625000
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
7833000
CY2023Q1 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
30322000
CY2022Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
29616000
CY2023Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
30125000
CY2023Q1 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
197000
CY2022Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
29467000
CY2022Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
149000
CY2023Q1 us-gaap Other Assets
OtherAssets
7473000
CY2022Q4 us-gaap Other Assets
OtherAssets
6550000
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3416000
CY2023Q1 gmre Capitalized Pre Acquisition Costs
CapitalizedPreAcquisitionCosts
1407000
CY2023Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
2411000
CY2023Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
239000
CY2022Q4 gmre Receivables To Be Collected To Pay Specific Tenant Expenses
ReceivablesToBeCollectedToPaySpecificTenantExpenses
3480000
CY2022Q4 gmre Capitalized Pre Acquisition Costs
CapitalizedPreAcquisitionCosts
1552000
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
1380000
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
138000
CY2023Q1 us-gaap Derivative Assets
DerivativeAssets
27428000
CY2023Q1 us-gaap Goodwill
Goodwill
5903000
CY2022Q4 us-gaap Goodwill
Goodwill
5903000
CY2023Q1 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
CY2023Q1 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0
CY2022Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0
CY2023Q1 us-gaap Other Liabilities
OtherLiabilities
8226000
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
7363000
CY2023Q1 gmre Right Of Use Liabilities
RightOfUseLiabilities
2858000
CY2023Q1 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
5368000
CY2022Q4 gmre Right Of Use Liabilities
RightOfUseLiabilities
2922000
CY2022Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
4441000
CY2023Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1484177000
CY2023Q1 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
946000
CY2023Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
946000
CY2023Q1 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
3850000
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1481273000
CY2023Q1 us-gaap Depreciation
Depreciation
10494000
CY2022Q1 us-gaap Depreciation
Depreciation
9402000
CY2023Q1 us-gaap Contractual Obligation
ContractualObligation
29170000
CY2023Q1 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
9289000
CY2022 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
14
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1343003000
CY2022Q4 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
3413000
CY2022 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
157114000
CY2022 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
15940000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1484177000
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
148249000
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
62151000
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
86098000
CY2023Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
13595000
CY2023Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
6567000
CY2023Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
7028000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
148077000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
56902000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
91175000
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
13595000
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
5982000
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
7613000
CY2023Q1 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
816000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
12669000
CY2023Q1 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
1289000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14882000
CY2023Q1 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
1825000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
11205000
CY2023Q1 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
1872000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9189000
CY2023Q1 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
1416000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6463000
CY2023Q1 gmre Below Market Lease Amortization Income After Year Four
BelowMarketLeaseAmortizationIncomeAfterYearFour
3611000
CY2023Q1 gmre Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
13833000
CY2023Q1 gmre Below Market Lease Net1
BelowMarketLeaseNet1
10829000
CY2023Q1 gmre Finite Lived Intangible Assets Net1
FiniteLivedIntangibleAssetsNet1
68241000
CY2023Q1 us-gaap Line Of Credit
LineOfCredit
634796000
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
636447000
CY2023Q1 gmre Number Of Loans
NumberOfLoans
4
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
57780000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
58124000
CY2023Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
413000
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
452000
CY2023Q1 us-gaap Notes Payable
NotesPayable
57367000
CY2022Q4 us-gaap Notes Payable
NotesPayable
57672000
CY2023Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
-4157000
CY2022Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
15878000
CY2023Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3107000
CY2022Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1515000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7264000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
17393000
CY2023Q1 gmre Additional Interest Expense
AdditionalInterestExpense
13340000
CY2023Q1 us-gaap Interest Expense
InterestExpense
8271000
CY2023Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0428
CY2023Q1 us-gaap Debt Instrument Term
DebtInstrumentTerm
P3Y8M4D
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0420
CY2022 us-gaap Debt Instrument Term
DebtInstrumentTerm
P3Y11M4D
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q1 gmre Dividend Accrued
DividendAccrued
970000
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1455000
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1455000
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
65530000
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
65518000
CY2023Q1 gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
14699000
CY2022Q1 gmre Payment Of Dividends Common Stock Op And Ltip Units
PaymentOfDividendsCommonStockOpAndLtipUnits
14526000
CY2023Q1 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
0
CY2022Q4 gmre Number Of Unit Holders Who Redeemed Units In Period
NumberOfUnitHoldersWhoRedeemedUnitsInPeriod
1
CY2022 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
35
CY2022 us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
600000
CY2023Q1 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
1667000
CY2023Q1 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
8480000
CY2023Q1 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
321000
CY2022Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
200000
CY2023Q1 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
2154000
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
583000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
2737000
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
65000
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
55000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
688000
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1287000
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
6600000
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2023Q1 gmre Operating Lease Average Remaining Lease Term
OperatingLeaseAverageRemainingLeaseTerm
P10Y
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
36199000
CY2022Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
31852000
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2003000
CY2022Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1947000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
88891000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
109666000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
96381000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
87228000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
74435000
CY2023Q1 gmre Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
325086000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
781687000
CY2023Q1 gmre Buildings Located On Land That Is Subject To Operating Ground Leases
BuildingsLocatedOnLandThatIsSubjectToOperatingGroundLeases
7
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P43Y
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.075
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
42000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
28000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
116000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
162000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
163000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
165000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
165000
CY2023Q1 gmre Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
5877000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6648000
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3790000
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2858000
CY2023Q1 gmre Number Of Tenants
NumberOfTenants
274
CY2023Q1 gmre Number Of Facilities Leased
NumberOfFacilitiesLeased
188
CY2023Q1 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.    

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
gmre-20230331_def.xml Edgar Link unprocessable
gmre-20230331_lab.xml Edgar Link unprocessable
0001558370-23-008304-index-headers.html Edgar Link pending
0001558370-23-008304-index.html Edgar Link pending
0001558370-23-008304.txt Edgar Link pending
0001558370-23-008304-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gmre-20230331.xsd Edgar Link pending
gmre-20230331x10q.htm Edgar Link pending
gmre-20230331xex10d1.htm Edgar Link pending
gmre-20230331xex10d2.htm Edgar Link pending
gmre-20230331xex31d1.htm Edgar Link pending
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gmre-20230331_cal.xml Edgar Link unprocessable
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gmre-20230331x10q_htm.xml Edgar Link completed
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