Company: GMRE
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001104659-25-112543
Chunk: 9

Company: Global Medical REIT Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 9
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 our Operating Partnership and, as of September 30, 2025, we owned 92.14% of the outstanding
common operating partnership units (“OP Units”) of our Operating Partnership, with an aggregate of 7.86% of the Operating
Partnership owned by holders of long-term incentive plan units and third-party limited partners who contributed properties or services
to the Operating Partnership in exchange for OP Units.

Our revenues are derived from the rental and operating
expense reimbursement payments we receive from our tenants, and most of our leases are medium-to-long-term triple net leases with contractual
rent escalation provisions. Our primary expenses are depreciation, interest, and general and administrative expenses. We finance our acquisitions
with a mixture of debt and equity primarily from our cash from operations, borrowings under our credit facility (our “Credit Facility”),
and stock issuances.

Our Properties

As of September 30, 2025, we had gross investments
of approximately $1.5 billion in real estate, consisting of 191 buildings with an aggregate of approximately 5.2 million leasable square
feet and approximately $118.4 million of annualized base rent. This data does not include amounts for properties held in our unconsolidated
joint venture. As of September 30, 2025, we held a 12.5% interest in a joint venture that holds two medical real estate assets that
were purchased by the joint venture from the Company for an aggregate purchase price of $35.2 million. As of September 30, 2025 the
joint venture had mortgage indebtedness of $17.6 million. We account for our interest in the joint venture using the equity method of
accounting.

Corporate Information

We elected to be taxed as a REIT for U.S. federal
income tax purposes commencing with our taxable year ended December 31, 2016. We believe that we have been organized and have operated
in conformity with the requirements for qualification and taxation as a REIT under the Internal Revenue Code of 1986, as amended (the
“Code”), and that our organization and current and proposed method of operations will enable us to continue to meet the requirements
for qualification and taxation as a REIT. As a REIT, we generally are not subject to U.S. federal income tax on our REIT taxable income
that we distribute currently to our stockholders. If we fail to qualify as a REIT in any taxable year, we will be subject