American Healthcare REIT Changes Distribution Policy
American Healthcare REIT Inc., a non-traded real estate investment trust formerly known as Griffin-American Healthcare REIT IV Inc., has changed its distribution policy.
American Healthcare REIT Inc., a non-traded real estate investment trust formerly known as Griffin-American Healthcare REIT IV Inc., has changed the company’s distribution authorization from monthly to quarterly beginning in the third quarter of 2022, according to a filing with the Securities and Exchange Commission.
The company anticipates that the amended policy will reduce transactional costs related to the monthly administration of distributions.
Stockholders who participate in the distribution reinvestment plan will continue to have their distributions reinvested to purchase additional shares on a quarterly basis.
Earlier this week, the board authorized monthly distributions to Class T and Class I stockholders for the months of April, May, and June, which will equal $0.033333333 per share, or $0.40 per share, annualized. The distributions will be paid on May 2, 2022, June 1, 2022, and July 1, 2022, respectively.
In other company news, American Healthcare REIT recently declared a net asset value per share of $9.29 for its Class T and Class I common stock, as of December 31, 2021, as reported by The DI Wire on Monday.
American Healthcare REIT’s 19 million-square-foot portfolio of healthcare real estate is comprised of 312 medical office buildings, senior housing communities, skilled nursing facilities and other real estate-related investments across 36 states and the United Kingdom.
In October 2021, American Healthcare REIT completed its merger with affiliated REIT, Griffin-American Healthcare REIT III Inc. In conjunction with the merger, the REIT became self-managed following the acquisition of American Healthcare Investors, the co-sponsor of both REITs.
