American Healthcare REIT Q4 NFFO $0.38; FY23 NFFO $1.40, Revenue $1.87M
Portfolio Pulse from Benzinga Newsdesk
American Healthcare REIT reported a GAAP net loss but showed strong NFFO growth in Q4 and FY23, driven by occupancy gains and revenue growth in its portfolio. The company also disposed of $195 million in Non-Core Properties, completed a public offering of 64.4 million shares, and paid down $721 million in debt, improving its leverage metrics. AHR is now listed on the NYSE under the symbol 'AHR'.
March 21, 2024 | 8:41 pm
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POSITIVE IMPACT
American Healthcare REIT reported strong NFFO growth, completed a significant public offering, and improved leverage metrics by paying down debt. Now listed on NYSE.
The strong NFFO growth and successful public offering indicate a positive financial health and operational efficiency. The debt reduction and NYSE listing are likely to enhance investor confidence and potentially increase stock demand, positively impacting the short-term stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100