About Global Medical REIT

Global Medical REIT Inc. engages primarily in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to strong healthcare systems and physician groups with leading market share. The company conducts its business through an umbrella partnership real estate investment trust, or UPREIT, structure in which its properties are owned by wholly owned subsidiaries of its operating partnership, Global Medical REIT L.P. (the Operating Partnership). The company’s wholly owned subsidiary, Global Medical REIT GP LLC, is the sole general partner of its Operating Partnership and, as of December 31, 2021, the company owned 94.35% of operating partnership units (OP Units) of its Operating Partnership with an aggregate of 5.65% of the Operating Partnership owned by holders of long-term incentive plan units (LTIP Units) and third-party limited partners who contributed properties or services to the Operating Partnership in exchange for OP Units. Strategy The company’s business strategy is to invest in healthcare properties that provide an attractive rate of return relative to its cost of capital and are operated by profitable physician groups, regional or national healthcare systems or combinations thereof. To implement this strategy, the company seeks to invest: in medical office buildings and other de-centralized components of the healthcare delivery system because healthcare delivery trends in the U.S. are increasingly moving away from centralized hospital locations; in small to mid-sized healthcare facilities located in secondary markets and suburbs of primary markets and that provide services needed for an aging population, such as cardiovascular treatment, rehabilitation, eye surgery, gastroenterology, oncology treatment and orthopedics; and to a lesser extent, in opportunistic acquisitions, including certain acute-care hospitals and long-term acute care facilities (LTACs) that provide premium, risk-adjusted returns, health system corporate office and administrative buildings, and behavioral and mental health facilities that are operated by national or regional operators and are located in markets that demonstrate a need for such services. Most of the company’s healthcare facilities are leased to single-tenants under triple-net leases. As it continues to grow its portfolio and the competition for single-tenant, triple-net leased properties has intensified, the company has added to its portfolio some multi-tenant properties with gross lease or modified gross lease structures. Properties As of December 31, 2021, the company had investments in real estate properties, consisting of 105 facilities with an aggregate of approximately 4.3 million leasable square feet. Significant Tenants The company’s customers include Kindred Healthcare Inc.; Encompass Health Corporation; and Memorial Health System. Ground Leases As of December 31, 2021, the company had seven buildings located on land that is subject to operating ground leases, representing approximately 4.3% of its total leasable square feet and approximately 4.5% of its December 2021 annualized base rent. Tax Status The company elected to be taxed as a real estate investment trust (REIT) for the U.S. federal income tax purposes commencing with its taxable year ended December 31, 2016. A REIT is generally not subject to U.S. federal income taxes if it can meet many specific requirements. If the company fails to qualify as a REIT in any taxable year, the company will be subject the U.S. federal and state income tax (including for 2017 and prior taxable years only, any applicable alternative minimum tax) on its taxable income at regular corporate tax rates, and the company could not re-elect REIT status until the fifth calendar year after the year in which the failure occurred. History Global Medical REIT Inc., formerly known as Scoop Media Inc., was founded in 2011. It was incorporated in the state of Nevada in 2011.