Company: GMRE
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001104659-25-112543
Chunk: 122

Company: Global Medical REIT Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 122
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 an “independent contractor” who is adequately compensated and from whom we do not derive revenue. However, we need not provide            
 services through an “independent contractor,” but instead may provide services directly to our tenants, if the services are               
 “usually or customarily rendered” in connection with the rental of space for occupancy only and are not considered to be provided         
 for the tenants’ convenience. In addition, we may provide a minimal amount of “non-customary” services to the tenants                     
 of a property, other than through an independent contractor, as long as our income from the services (valued at not less than 150% of     
 our direct cost of performing such services) does not exceed 1% of our income from the related property. Furthermore, we may own up to    
 100% of the shares of a TRS which may provide customary and non-customary services to our tenants without tainting our rental income from 
 the related properties.                                                                                                                   |

| 45 |

If a portion of the rent that we receive from
a property does not qualify as “rents from real property” because the rent attributable to personal property exceeds 15% of
the total rent for a taxable year, the portion of the rent that is attributable to personal property will not be qualifying income for
purposes of either the 75% or 95% gross income test. Thus, if such rent attributable to personal property, plus any other income that
is non-qualifying income for purposes of the 95% gross income test, during a taxable year exceeds 5% of our gross income during the year,
we would lose our REIT qualification. If, however, the rent from a particular healthcare facility does not qualify as “rents from
real property” because either (1) the rent is considered based on the income or profits of the related tenant, (2) the tenant either
is a related party tenant or fails to qualify for the exceptions to the related party tenant rule for TRSs or (3) we furnish non-customary
services to the tenant-operators of the healthcare facility in excess of the one percent threshold, or manage or operate the healthcare
facility, other than through a qualifying independent contractor or a TRS, none of the rent from that healthcare facility would qualify
as “rents from real property.”

Currently, we do not lease significant amounts
of personal property pursuant to our leases nor do we lease our properties to related party tenants. None of the rental provisions of