Company: GMRE
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001104659-25-112543
Chunk: 146

Company: Global Medical REIT Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 146
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 income
that it receives from us would constitute UBTI pursuant to the “debt-financed property” rules. Moreover, social clubs, voluntary
employee benefit associations, supplemental unemployment benefit trusts and qualified group legal services plans that are exempt from
taxation under special provisions of the U.S. federal income tax laws are subject to different UBTI rules, which generally will require
them to characterize distributions that they receive from us as UBTI. Finally, in certain circumstances, a qualified employee pension
or profit sharing trust that owns more than 10% of our shares of stock must treat a percentage of the dividends that it receives from
us as UBTI. Such percentage is equal to the gross income we derive from an unrelated trade or business, determined as if we were a pension
trust, divided by our total gross income for the year in which we pay the dividends. That rule applies to a pension trust holding more
than 10% of our shares of stock only if:

| · | the percentage of our dividends that the tax-exempt trust must treat as UBTI is at least 5%; |

| · | we qualify as a REIT by reason of the modification of the rule requiring that no more than 50% of our shares of stock be owned by       
 five or fewer individuals that allows the beneficiaries of the pension trust to be treated as holding our shares of stock in proportion 
 to their actuarial interests in the pension trust; and                                                                                  |

| · | either: |

| · | one pension trust owns more than 25% of the value of our shares of stock; or |

| · | a group of pension trusts individually holding more than 10% of the value of our shares of stock collectively owns more than 50% of 
 the value of our shares of stock.                                                                                                   |

Taxation of Non-U.S. Stockholders

This section is a summary of the rules governing
the U.S. federal income taxation of non-U.S. stockholders. The term “non-U.S. stockholder” means a beneficial owner of our
stock that is not a U.S. stockholder, a partnership (or entity treated as a partnership for U.S. federal income tax purposes) or a tax-exempt
stockholder. The rules governing U.S. federal income taxation of nonresident alien individuals, foreign corporations, foreign partnerships,
and other foreign stockholders are complex, and this summary is for general information only. We urge non-U.S. stockholders to consult their