Company: GMRE
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001104659-25-112543
Chunk: 110

Company: Global Medical REIT Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 110
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 operate in a manner so as to remain qualified as a REIT. This section discusses the laws governing the U.S.
federal income tax treatment of a REIT and its stockholders. These laws are highly technical and complex.

In the opinion of Vinson & Elkins L.L.P.,
we qualified to be taxed as a REIT under the U.S. federal income tax laws for our taxable years ended December 31, 2016 through December
31, 2022, and our organization and current and proposed method of operations will enable us to continue to qualify as a REIT for our taxable
years ending December 31, 2023, and thereafter. Investors should be aware that Vinson & Elkins L.L.P.’s opinion is based upon
various customary assumptions relating to our organization and operation, and is conditioned upon certain representations and covenants
made by our management as to factual matters, including representations regarding our organization, the nature of our assets and income,
and the conduct of our business operations. Vinson & Elkins L.L.P.’s opinion is not binding upon the IRS or any court and speaks
as of the date issued. In addition, Vinson & Elkins L.L.P.’s opinion is based on existing U.S. federal income tax law governing
qualification as a REIT, which is subject to change either prospectively or retroactively.

Moreover, our qualification and taxation as a
REIT depends upon our ability to meet, on a continuing basis, through actual annual operating results, certain qualification tests set
forth in the U.S. federal income tax laws. Those qualification tests involve the percentage of income that we earn from specified sources,
the percentage of our assets that fall within specified categories, the diversity of ownership of our stock, and the percentage of our
earnings that we distribute. Vinson & Elkins L.L.P. will not review our compliance with those tests on a continuing basis. Accordingly,
no assurance can be given that our actual results of operations for any particular taxable year will satisfy such requirements. While
we intend to operate so that we will continue to qualify as a REIT, given the highly complex nature of the rules governing REITs, the
ongoing importance of factual determinations, and the possibility of future changes in our circumstances, no assurance can be given by
tax counsel or by us that we will qualify as a REIT for any particular year. Vinson & Elkins L.L.P.’s opinion does not foreclose
the