Company: GMRE
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001104659-25-110926
Chunk: 122

Company: Global Medical REIT Inc.
Filing Date: 2025-11-13
Form: 424B5
Chunk 122
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 received on a lease that is
respected as a true lease will qualify as “rents from real property” only if each of the following conditions is met:

| · | First, the rent must not be based, in whole or in part, on the income or profits of any person, but may be based on a fixed percentage 
 or percentages of receipts or sales.                                                                                                   |

| · | Second, neither we nor a direct or indirect owner of 10% or more of our stock may own, actually or constructively, 10% or more of 
 a tenant from whom we receive rent, other than a TRS.                                                                             |

| · | Third, if the rent attributable to personal property leased in connection with a lease of real property is 15% or less of the total     
 rent received under the lease, then the rent attributable to personal property will qualify as rents from real property. The allocation 
 of rent between real and personal property is based on the relative fair market values of the real and personal property. However, if   
 the 15% threshold is exceeded, the rent attributable to personal property will not qualify as rents from real property.                 |

| · | Fourth, we generally must not operate or manage our real property or furnish or render services to our tenants, other than through        
 an “independent contractor” who is adequately compensated and from whom we do not derive revenue. However, we need not provide            
 services through an “independent contractor,” but instead may provide services directly to our tenants, if the services are               
 “usually or customarily rendered” in connection with the rental of space for occupancy only and are not considered to be provided         
 for the tenants’ convenience. In addition, we may provide a minimal amount of “non-customary” services to the tenants                     
 of a property, other than through an independent contractor, as long as our income from the services (valued at not less than 150% of     
 our direct cost of performing such services) does not exceed 1% of our income from the related property. Furthermore, we may own up to    
 100% of the shares of a TRS which may provide customary and non-customary services to our tenants without tainting our rental income from 
 the related properties.                                                                                                                   |

| 45 |

If a portion of the rent that we receive from
a property does not qualify as “rents from real property” because the rent attributable to personal property exceeds 15% of
the total rent for a taxable year