Company: GMRE
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001104659-25-110926
Chunk: 120

Company: Global Medical REIT Inc.
Filing Date: 2025-11-13
Form: 424B5
Chunk 120
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 ground lease payments. Rents under
our leases will constitute “rents from real property” only if the leases are treated as “true leases” for U.S.
federal income tax purposes and are not treated as service contracts, joint ventures, financing arrangements or some other type of arrangement.
The determination of whether a lease is a true lease depends on an analysis of all surrounding facts and circumstances. In making such
a determination, courts have considered a variety of factors, including the following:

| · | the intent of the parties; |

| · | the form of the agreement; |

| · | the degree of control over the property that is retained by the property owner (e.g., whether the tenant has substantial control over            
 the operation of the property or whether the tenant was required simply to use its best efforts to perform its obligations under the agreement); |

| · | the extent to which the property owner retains the risk of loss with respect to the operation of the property (e.g., whether the tenant 
 bears the risk of increases in operating expenses or the risk of damage to the property); and                                           |

| · | the extent to which the property owner retains the burdens and benefits of ownership of the property. |

We believe that each of our leases will be treated
as a “true lease” for 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