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AHR Completes First Day on NYSE, Closes at $13.22

AHR Completes First Day on NYSE, Closes at $13.22. AHR, American Healthcare REIT, REIT, real estate investment trust, NYSE, webcast, webinar

American Healthcare REIT Inc. (NYSE: AHR) – a self-managed real estate investment trust that acquires, owns, and operates a diversified portfolio of clinical healthcare real estate properties, focusing primarily on medical office buildings, senior housing, skilled nursing facilities, hospitals and other healthcare-related facilities – debuted on the New York Stock Exchange yesterday.

After pricing its public offering at $12 per share, AHR started the trading day at $12.85. At the close of trading, shares finished at $13.22, up 10.17%.

As The DI Wire previously reported, AHR announced the pricing of its public offering of 56 million shares of its common stock on Feb. 6. AHR also granted the underwriters a 30-day option to purchase up to an additional 8.4 million shares of its common stock to cover overallotments, if any.

AHR was formed by the 2021 merger of Griffin-American Healthcare REIT III, Griffin-American Healthcare REIT IV, and American Healthcare Investors. Investors in those non-traded REITs typically paid $10 per share of common stock. The company executed a one-for-four reverse stock split in November 2021, and last March adopted an updated estimated per share net asset value of the company’s common stock of $31.40, calculated as of Dec. 31, 2022.

AHR intends to use the net proceeds received from the offering to repay approximately $623.1 million of the amount outstanding under its credit facility.

As previously reported by The DI Wire, AHR will host a webcast on Feb. 12 at 4 pm Eastern Time to address questions that pre-offering stockholders may have about the offering and their respective investments. Register here.

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