Company: GMRE
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001104659-25-110926
Chunk: 125

Company: Global Medical REIT Inc.
Filing Date: 2025-11-13
Form: 424B5
Chunk 125
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 gross receipts or sales; and |

| · | an amount that is based on the income or profits of a debtor, as long as the debtor derives substantially all of its income from the  
 real property securing the debt by leasing substantially all of its interest in the property, and only to the extent that the amounts 
 received by the debtor would be qualifying “rents from real property” if received directly by a REIT.                                 |

If a loan contains a provision that entitles a
REIT to a percentage of the borrower’s gain upon the sale of the real property securing the loan or a percentage of the appreciation
in the property’s value as of a specific date, income attributable to that loan provision will be treated as gain from the sale
of the property securing the loan, which generally is qualifying income for purposes of both gross income tests.

Interest on debt secured by a mortgage on real
property or on interests in real property generally is qualifying income for purposes of the 75% gross income test. Other than to the
extent described below, if a loan is secured by real property and other property and the highest principal amount of a loan outstanding
during a taxable year exceeds the fair market value of the real property securing the loan as of the date the REIT agreed to originate
or acquire the loan (or, if the loan has experienced a “significant modification” since its origination or acquisition by
the REIT, then as of the date of that “significant modification”), a portion of the interest income from such loan will not
be qualifying income for purposes of the 75% gross income test, but will be qualifying income for purposes of the 95% gross income test.
The portion of the interest income that will not be qualifying income for purposes of the 75% gross income test will be equal to the interest
income attributable to the portion of the principal amount of the loan that is not secured by real property, that is, the amount by which
the loan exceeds the value of the real estate that is security for the loan. However, in the case of a loan that is secured by both real
property and personal property, if the fair market value of such personal property does not exceed 15% of the total fair market value
of all property securing the loan, then the personal property securing the loan will be treated as real property for purposes of determining
the interest on such loan is qualifying income for purposes of the 75% gross income test.

Dividends. Our share of any dividends received