Global Medical REIT Inc. (GMRE) Financial Statements (2024 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)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,0167,2135,5072,7653,6315,109
Cash and cash equivalents4,0167,2135,5072,7653,6315,109
Receivables 200163    
Total current assets:4,2167,3765,5072,7653,6315,109
Noncurrent Assets
Intangible assets, net (including goodwill)5,9035,9035,903   
Goodwill5,9035,9035,903   
Other noncurrent assets 6,5506,2325,0193,593322459
Total noncurrent assets:12,45312,13510,9223,593322459
Other undisclosed assets1,376,5921,243,9741,084,477878,576632,146469,003
TOTAL ASSETS:1,393,2611,263,4851,100,906884,934636,099474,571
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation   19,43411,000  
Finance lease, liability   19,43411,000
Liabilities, other than long-term debt    1,383  
Lease deposit liability    1,383
Total noncurrent liabilities:   19,43412,383  
Other undisclosed liabilities744,196625,908623,712412,198336,349215,558
Total liabilities:744,196625,908643,146424,581336,349215,558
Equity
Equity, attributable to parent632,984622,785444,805430,270269,295246,335
Preferred stock74,95974,95974,95974,95974,95974,959
Common stock666549442622
Additional paid in capital721,991711,414504,789433,330243,038205,788
Accumulated other comprehensive income (loss)34,674(6,636)(18,219)(6,674)(3,721)(34,434)
Accumulated deficit(198,706)(157,017)(116,773)(71,389)(45,007) 
Equity, attributable to noncontrolling interest16,08114,79212,95530,08330,45512,678
Total equity:649,065637,577457,760460,353299,750259,013
TOTAL LIABILITIES AND EQUITY:1,393,2611,263,4851,100,906884,934636,099474,571

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Other undisclosed income before gain (loss) on sale of properties18,68017,47214,975 
Revenues137,283115,93693,73070,72653,19230,344
Operating leases, income statement, lease revenue49,565
Revenue, net30,344
Operating lease, lease income137,167115,80493,51870,515
Gross profit:137,283115,93693,73070,72653,19230,344
Operating expenses(124,040)(98,663)(96,229)(61,138)(46,306)(30,431)
Operating income (loss):13,24317,273(2,499)9,5886,886(87)
Interest and debt expense(25,230)(19,696)(18,680)(17,472)(14,975)(7,435)
Income (loss) from continuing operations before income taxes:(11,987)(2,423)(21,179)(7,884)(8,089)(7,522)
Other undisclosed income from continuing operations25,23019,696    
Income (loss) from continuing operations:13,24317,273(21,179)(7,884)(8,089)(7,522)
Income (loss) before gain (loss) on sale of properties:17,273(2,499)9,5886,886(7,522)
Gain on sale of properties, net of applicable income taxes 7,675 
Other undisclosed net income6,753     
Net income (loss):19,99617,273(2,499)9,58814,561(7,522)
Net income (loss) attributable to noncontrolling interest(854)    49
Other undisclosed net income attributable to parent  1,069   7,386
Net income (loss) attributable to parent:19,14218,342(2,499)9,58814,561(87)
Preferred stock dividends and other adjustments(5,822)(5,822)(5,822)(5,822)(5,822)(1,714)
Other undisclosed net income (loss) available to common stockholders, basic  (720)574(354)(1,071)49
Net income (loss) available to common stockholders, diluted:13,32011,800(7,747)3,4127,668(1,752)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):19,99617,273(2,499)9,58814,561(7,522)
Other comprehensive income 41,310     
Other undisclosed comprehensive loss      
Comprehensive income (loss):61,30617,273(2,499)9,58814,561(7,522)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3,342)(1,390)1,365(74)(625)49
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:57,96429,925(14,044)6,63510,840(7,473)

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.

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