American Healthcare REIT, Inc. current report, 27 March 2018

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Business Context and Reporting Period

This Form 8-K is a current report filed by Griffin-American Healthcare REIT IV, Inc. (associated with American Healthcare REIT, Inc.) on March 27, 2018. The registrant is an emerging growth company incorporated in Maryland. The report details a corporate action regarding shareholder distributions.

Key Financial Metrics

The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to the authorized distribution:

  • Distribution Rate: $0.001643836 per share daily.
  • Annualized Distribution: $0.60 per share.
  • Applicable Shares: Class T and Class I common stock.
  • Payment Method: Cash or reinvestment in common stock.

Material Changes

The material event reported is the Board of Directors' authorization of a daily distribution for the period commencing April 1, 2018, and ending June 30, 2018. This represents a specific commitment to distribute funds to shareholders of record during this quarter.

Guidance, Outlook, and Management Commentary

Management commentary is limited to the mechanics of the distribution. Key details include:

  • Distributions are calculated based on a 365-day calendar year.
  • Payments will be aggregated and made monthly in arrears.
  • Payment Schedule:
    • April 2018 distributions: Paid in May 2018.
    • May 2018 distributions: Paid in June 2018.
    • June 2018 distributions: Paid in July 2018.
  • Contingency: Payments are made only from legally available funds.

The filing does not contain forward-looking guidance on revenue, earnings, or market outlook beyond the declared distribution.

Investor Verification Checklist

  • Verify the record date for Class T and Class I shares to confirm eligibility for the April 1, 2018, start date.
  • Confirm the company's "legally available funds" status prior to the first payment date in May 2018.
  • Review the Distribution Reinvestment Plan terms to understand the mechanics of opting for shares versus cash.
  • Check subsequent filings for any changes to the distribution rate or payment schedule.