Global Medical REIT Inc. (GMREPA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
7373 WISCONSIN AVENUE BETHESDA, MD 20814 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,278 | 4,016 | 7,213 | 5,507 | 2,765 | 3,631 | |||
| Cash and cash equivalent | 1,278 | 4,016 | 7,213 | 5,507 | 2,765 | 3,631 | |||
| Receivables | 200 | 163 | |||||||
| Total current assets: | 1,278 | 4,216 | 7,376 | 5,507 | 2,765 | 3,631 | |||
| Noncurrent Assets | |||||||||
| Long-term investments and receivables | |||||||||
| Long-term investments | |||||||||
| Intangible assets, net (including goodwill) | 5,903 | 5,903 | 5,903 | 5,903 | |||||
| Goodwill | 5,903 | 5,903 | 5,903 | 5,903 | |||||
| Other noncurrent assets | 6,550 | 6,232 | 5,019 | 3,593 | 322 | ||||
| Total noncurrent assets: | 5,903 | 12,453 | 12,135 | 10,922 | 3,593 | 322 | |||
| Other undisclosed assets | 1,260,519 | 1,376,592 | 1,243,974 | 1,084,477 | 878,576 | 632,146 | |||
| TOTAL ASSETS: | 1,267,700 | 1,393,261 | 1,263,485 | 1,100,906 | 884,934 | 636,099 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | |||||||||
| Accrued liabilities | |||||||||
| Total current liabilities: | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 19,434 | 11,000 | |||||||
| Finance lease, liability | 19,434 | 11,000 | ✕ | ||||||
| Liabilities, other than long-term debt | 1,383 | ||||||||
| Lease deposit liability | 1,383 | ✕ | |||||||
| Total noncurrent liabilities: | 19,434 | 12,383 | |||||||
| Other undisclosed liabilities | 661,886 | 744,196 | 625,908 | 623,712 | 412,198 | 336,349 | |||
| Total liabilities: | 661,886 | 744,196 | 625,908 | 643,146 | 424,581 | 336,349 | |||
| Equity | |||||||||
| Equity, attributable to parent | 583,584 | 632,984 | 622,785 | 444,805 | 430,270 | 269,295 | |||
| Preferred stock | 74,959 | 74,959 | 74,959 | 74,959 | 74,959 | 74,959 | |||
| Common stock | 66 | 66 | 65 | 49 | 44 | 26 | |||
| Additional paid in capital | 722,418 | 721,991 | 711,414 | 504,789 | 433,330 | 243,038 | |||
| Accumulated other comprehensive income (loss) | 25,125 | 34,674 | (6,636) | (18,219) | (6,674) | (3,721) | |||
| Accumulated deficit | (238,984) | (198,706) | (157,017) | (116,773) | (71,389) | (45,007) | |||
| Equity, attributable to noncontrolling interest | 22,230 | 16,081 | 14,792 | 12,955 | 30,083 | 30,455 | |||
| Total equity: | 605,814 | 649,065 | 637,577 | 457,760 | 460,353 | 299,750 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,267,700 | 1,393,261 | 1,263,485 | 1,100,906 | 884,934 | 636,099 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Other undisclosed income before gain (loss) on sale of properties | ✕ | ✕ | ✕ | ✕ | 18,680 | 17,472 | 14,975 | |
| Revenues | 141,049 | 137,283 | 115,936 | 93,730 | 70,726 | 53,192 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 49,565 | |
| Operating lease, lease income | 140,934 | 137,167 | 115,804 | 93,518 | 70,515 | ✕ | ||
| Gross profit: | 141,049 | 137,283 | 115,936 | 93,730 | 70,726 | 53,192 | ||
| Operating expenses | (134,007) | (124,040) | (98,663) | (96,229) | (61,138) | (46,306) | ||
| Operating income (loss): | 7,042 | 13,243 | 17,273 | (2,499) | 9,588 | 6,886 | ||
| Interest and debt expense | (868) | (25,230) | (19,696) | (18,680) | (17,472) | (14,975) | ||
| Income (loss) from continuing operations before income taxes: | 6,174 | (11,987) | (2,423) | (21,179) | (7,884) | (8,089) | ||
| Other undisclosed income (loss) from continuing operations | 868 | 25,230 | 19,696 | |||||
| Income (loss) from continuing operations: | 7,042 | 13,243 | 17,273 | (21,179) | (7,884) | (8,089) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 17,273 | (2,499) | 9,588 | 6,886 | |
| Gain on sale of properties, net of applicable income taxes | ✕ | ✕ | ✕ | ✕ | ✕ | 7,675 | ||
| Other undisclosed net income | 14,692 | 6,753 | ||||||
| Net income (loss): | 21,734 | 19,996 | 17,273 | (2,499) | 9,588 | 14,561 | ||
| Net loss attributable to noncontrolling interest | (1,122) | (854) | ||||||
| Other undisclosed net income attributable to parent | 1,069 | |||||||
| Net income (loss) attributable to parent: | 20,612 | 19,142 | 18,342 | (2,499) | 9,588 | 14,561 | ||
| Preferred stock dividends and other adjustments | (5,822) | (5,822) | (5,822) | (5,822) | (5,822) | (5,822) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (720) | 574 | (354) | (1,071) | ||||
| Net income (loss) available to common stockholders, diluted: | 14,790 | 13,320 | 11,800 | (7,747) | 3,412 | 7,668 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 21,734 | 19,996 | 17,273 | (2,499) | 9,588 | 14,561 | ||
| Other comprehensive income | 41,310 | |||||||
| Other undisclosed comprehensive loss | (9,549) | |||||||
| Comprehensive income (loss): | 12,185 | 61,306 | 17,273 | (2,499) | 9,588 | 14,561 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (464) | (3,342) | (1,390) | 1,365 | (74) | (625) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 14,042 | (12,910) | (2,879) | (3,096) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 11,721 | 57,964 | 29,925 | (14,044) | 6,635 | 10,840 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.