Company: GMRE
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001104659-25-112543
Chunk: 118

Company: Global Medical REIT Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 118
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 living facility, congregate care facility, qualified continuing care facility, or other licensed
facility which extends medical or nursing or ancillary services to patients and which is operated by a provider of such services which
is eligible for participation in the Medicare program with respect to such facility. We do not currently intend to lease our healthcare
facilities to a TRS. However, we may lease healthcare facilities that we currently own or acquire to a TRS in the future, to the extent
such healthcare facilities qualify as “qualified health care properties.”

Gross Income Tests

We must satisfy two gross income tests annually
to maintain our qualification as a REIT. First, at least 75% of our gross income for each taxable year must consist of defined types of
income that we derive, directly or indirectly, from investments relating to real property or mortgages on real property or qualified temporary
investment income. Qualifying income for purposes of the 75% gross income test generally includes:

| · | rents from real property; |

| · | interest on debt secured by mortgages on real property, or on interests in real property; |

| · | dividends or other distributions on, and gain from the sale of, shares in other REITs; |

| · | gain from the sale of real estate assets, other than: |

| · | property held primarily for sale to customers in the ordinary course of business; and |

| · | debt instruments issued by “publicly offered REITs” (i.e., REITs that are required to file annual and periodic reports        
 with the SEC under the Exchange Act), unless the debt instrument is secured by real property or an interest in real property; |

| · | income derived from the operation, and gain from the sale, of Foreclosure Property; |

| · | amounts (other than amounts the determination of which depends in whole or in part on the income or profits of any person) received        
 or accrued as consideration for entering into agreements to make loans secured by mortgages on real property or interests in real property 
 or to purchase or lease real property (including interests in real property and interests in mortgages on real property); and              |

| 43 |

Second, in general, at least 95% of our gross
income for each taxable year must consist of income that is qualifying income for purposes of the 75% gross income test, other types of
interest and dividends, gain from the sale or disposition of shares or securities, or any combination of these. Cancellation of indebtedness