Company: GMRE
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001104659-25-110926
Chunk: 129

Company: Global Medical REIT Inc.
Filing Date: 2025-11-13
Form: 424B5
Chunk 129
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 · | on which any construction takes place on the property, other than completion of a building or any other improvement where more than 
 10% of the construction was completed before default became imminent; or                                                            |

| · | which is more than 90 days after the day on which the REIT acquired the property and the property is used in a trade or business which 
 is conducted by the REIT, other than through an independent contractor from whom the REIT itself does not derive or receive any income 
 or a TRS.                                                                                                                              |

Hedging Transactions. From time to time,
we or our Operating Partnership may enter into hedging transactions with respect to one or more of our assets or liabilities. Our hedging
activities may include entering into interest rate swaps, caps, and floors, options to purchase such items, and futures and forward contracts.
Income and gain from “hedging transactions” will be excluded from gross income for purposes of both the 75% and 95% gross
income tests provided we satisfy the identification requirements discussed below. A “hedging transaction” means either (1)
any transaction entered into in the normal course of our or our Operating Partnership’s trade or business primarily to manage the
risk of interest rate, price changes, or currency fluctuations with respect to borrowings made or to be made, or ordinary obligations
incurred or to be incurred, to acquire or carry real estate assets, (2) any transaction entered into primarily to manage the risk of currency
fluctuations with respect to any item of income or gain that would be qualifying income under the 75% or 95% gross income test (or any
property which generates such income or gain), and (3) any transaction entered into to “offset” transactions described in
(1) or (2) if a portion of the hedged indebtedness is extinguished or the related property disposed of. We are required to clearly identify
any such hedging transaction before the close of the day on which it was acquired, originated, or entered into and to satisfy other identification
requirements. We intend to structure any hedging transactions in a manner that does not jeopardize our qualification as a REIT.

Foreign Currency Gain. Certain foreign
currency gains will be excluded from gross income for purposes of one or both of the gross income tests. “Real estate foreign exchange
gain” will be excluded from gross income for purposes of the 75% and 95% gross income tests. Real estate foreign exchange gain generally
includes foreign currency