Company: GMRE
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001104659-25-110926
Chunk: 128

Company: Global Medical REIT Inc.
Filing Date: 2025-11-13
Form: 424B5
Chunk 128
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 which includes certain
foreign currency gains and related deductions, other than income that otherwise would be qualifying income for purposes of the 75% gross
income test, less expenses directly connected with the production of that income. However, gross income from Foreclosure Property will
qualify under the 75% and 95% gross income tests. Foreclosure Property is any real property, including interests in real property, and
any personal property incident to such real property:

| · | that is acquired by a REIT as the result of the REIT having bid on such property at foreclosure, or having otherwise reduced such     
 property to ownership or possession by agreement or process of law, after there was a default or when default was imminent on a lease 
 of such property or on indebtedness that such property secured;                                                                       |

| · | for which the related loan was acquired by the REIT at a time when the default was not imminent or anticipated; and |

| · | for which the REIT makes a proper election to treat the property as Foreclosure Property. |

Foreclosure Property also includes certain “qualified
health care properties” (as defined above under “—Taxable REIT Subsidiaries”) acquired by a REIT as a result of
the termination or expiration of a lease of such property (other than by reason of a default, or the imminence of a default, on the lease).

| 48 |

A REIT will not be considered to have foreclosed
on a property where the REIT takes control of the property as a mortgagee-in-possession and cannot receive any profit or sustain any loss
except as a creditor of the mortgagor. Property generally ceases to be Foreclosure Property at the end of the third taxable year (or,
with respect to qualified health care property, the second taxable year) following the taxable year in which the REIT acquired the property,
or longer if an extension is granted by the Secretary of the Treasury. However, this grace period terminates and Foreclosure Property
ceases to be Foreclosure Property on the first day:

| · | on which a lease is entered into for the property that, by its terms, will give rise to income that does not qualify for purposes        
 of the 75% gross income test, or any amount is received or accrued, directly or indirectly, pursuant to a lease entered into on or after 
 such day that will give rise to income that does not qualify for purposes of the 75% gross income test;                                  |

|