Business Context and Reporting Period
This Form 8-K is a current report filed by Griffin-American Healthcare REIT IV, Inc. (noting the input metadata references "American Healthcare REIT, Inc.") on December 13, 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 January 1, 2019, and ending March 31, 2019. This establishes a fixed annualized yield of $0.60 per share for the specified classes of stock for the first quarter of 2019.
Guidance, Outlook, and Risks
Management Commentary: The distributions are calculated based on a 365-day calendar year. Payments will be aggregated and made monthly in arrears (e.g., January distributions paid in February).
Contingencies: The filing explicitly states that distributions will be paid only from legally available funds. No forward-looking guidance regarding future quarters beyond March 2019 or general business outlook is provided in this document.
Investor Verification Checklist
- Verify the exact legal name of the registrant (Griffin-American Healthcare REIT IV, Inc.) versus the metadata input.
- Confirm eligibility for Class T and Class I stock distributions based on record dates.
- Review the company's liquidity position to ensure "legally available funds" are sufficient for the declared payments.
- Check subsequent filings for the actual payment dates in February, March, and April 2019.