Company: GMRE
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001104659-25-112543
Chunk: 131

Company: Global Medical REIT Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 131
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 of the value of our total
assets may consist of the securities of one or more TRSs.

Fifth, no more than 25% of the value of our total
assets may consist of the securities of TRSs, other non-TRS taxable subsidiaries, and other assets that are not qualifying assets for
purposes of the 75% asset test (the “25% securities test”).

Sixth, no more than 25% of the value of our total
assets may consist of debt instruments issued by “publicly offered REITs” to the extent not secured by real property or interests
in real property.

For purposes of the 5% asset test, the 10% vote
test and the 10% value test, the term “securities” does not include shares in another REIT, debt of “publicly offered
REITs”, equity or debt securities of a qualified REIT subsidiary or a TRS, mortgage loans that constitute real estate assets, or
equity interests in a partnership. The term “securities,” however, generally includes debt securities issued by a partnership
or another REIT (other than a “publicly offered REIT”), except that for purposes of the 10% value test, the term “securities”
does not include:

| · | “Straight debt” securities, which is defined as a written unconditional promise to pay on demand or on a specified date                
 a sum certain in money if (1) the debt is not convertible, directly or indirectly, into equity, and (2) the interest rate and interest 
 payment dates are not contingent on profits, the borrower’s discretion, or similar factors. “Straight debt” securities                 
 do not include any securities issued by a partnership or a corporation in which we or any controlled TRS (i.e., a TRS in which we own  
 directly or indirectly more than 50% of the voting power or value of the shares) hold non-“straight debt” securities that              
 have an aggregate value of more than 1% of the issuer’s outstanding securities. However, “straight debt” securities                    
 include debt subject to the following contingencies:                                                                                   |

| · | a contingency relating to the time of payment of interest or principal, as long as either (1) there is no change to the effective          
 yield of the debt obligation, other than a change to the annual yield that does not exceed the greater of 0.25% or 5% of the annual yield,