Company: GMRE
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001104659-25-112543
Chunk: 120

Company: Global Medical REIT Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 120
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 U.S. federal income tax purposes. Such belief is based, in part, on the following facts:

| · | we and the tenants intend for each relationship between them to be that of a lessor and lessee and such relationship will be documented 
 by lease agreements;                                                                                                                    |

| · | the tenants have the right to exclusive possession and use and quiet enjoyment of the property during the term of the leases; |

| · | the tenants bear the cost of, and are responsible for, day-to-day maintenance and repair of the property, and will dictate how the 
 properties are operated, maintained and improved;                                                                                  |

| · | the tenants bear all of the costs and expenses of operating the healthcare facilities during the terms of the leases; |

| 44 |

| · | the tenants benefit from any savings in the costs of operating the property during the terms of the leases; |

| · | the tenants generally are required to indemnify us against all liabilities imposed on us during the term of the leases by reason of       
 (a) injury to persons or damage to property occurring at the property, or (b) the use, management, maintenance or repair of the property; |

| · | the tenants are obligated to pay rent for the period of use of the property; |

| · | the tenants stand to reap substantial gains (or incur substantial losses) depending on how successfully they operate the property; |

| · | the useful lives of the property are significantly longer than the terms of the leases; and |

| · | we will receive the benefit of increases in value, and will bear the risk of decreases in value, of the properties during the terms 
 of the leases.                                                                                                                      |

If the IRS were to challenge successfully the
characterization of our leases as true leases, we would not be treated as the owner of the healthcare facility in question for U.S. federal
income tax purposes. There are no controlling Treasury regulations, published rulings, or judicial decisions involving leases with terms
substantially similar to those contained in our leases that address whether such leases constitute true leases for U.S. federal income
tax purposes. If our leases are recharacterized as partnership agreements, rather than true leases, part or all of the payments that we
receive from the tenant-operators may not be considered rent or may not otherwise be treated as qualifying income. In that case, we likely
would not be able to satisfy either the 75% or 95% gross income tests and, as a result, could lose REIT