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United States

Generation Healthcare REIT (GHC.AX)

GHC.AX on Australia Stock Exchange

2.02AUD
24 Mar 2017
Change (% chg)

$-0.03 (-1.46%)
Prev Close
$2.05
Open
$2.06
Day's High
$2.08
Day's Low
$2.02
Volume
128,316
Avg. Vol
141,517
52-wk High
$2.32
52-wk Low
$1.60

Latest Key Developments (Source: Significant Developments)

Generation Healthcare Reit updates on outlook
Tuesday, 15 Nov 2016 05:33pm EST 

Generation Healthcare Reit : "reiterate our previously announced earnings and distribution guidance for financial year ended june 2017" . Expect a 2017 financial year underlying net operating income per unit of 10.21 cents . Currently forecast underlying net operating income of 10.21 cents per unit for fy17 .Expect fy17 distribution per unit of 8.973 cents, an 88% payout ratio..  Full Article

Northwest Healthcare Properties acquires strategic interest in Generation Healthcare
Monday, 27 Jun 2016 07:30am EDT 

Northwest Healthcare Properties Reit : Northwest Healthcare Properties REIT announces acquisition of strategic interest and management rights to ASX-listed Generation Healthcare REIT . Northwest Healthcare Properties REIT says has acquired 100 pct of Generation Healthcare Management Pty Limited . Funded through existing resources and new stock loan financing, transaction is expected to be accretive . Has option to acquire shares in GHC which would bring Northwest's interest in GHC to approximately 19.9 pct . Has purchased GHM for A$58.5 mln from APN property group limited . Northwest Healthcare Properties REIT says transaction will increase co's adjusted NOI generated from hospitals to 42 pct . Says existing GHM management team has been retained, and will continue to operate GHC independently . APN has agreed to provide certain services to Northwest for transition period of up to 2 years to ensure successful transition . Says also entered into an option to purchase up to 27.1 mln units of GHC at price of $2.20 per GHC share .Says Northwest would own an approximate 19.9 pct interest in GHC.  Full Article

Generation Healthcare REIT declares dividend
Thursday, 18 Jun 2015 05:30pm EDT 

Generation Healthcare REIT:Announces dividend declaration of A$0.04380000 per share.Payable on Aug. 31, 2015.Ex dividend date June 26, 2015.Record date is june 30, 2015.  Full Article

Generation Healthcare REIT announces completion of placement
Sunday, 31 May 2015 07:25pm EDT 

Generation Healthcare REIT:Says completion of $5 million placement to member of Taverners Group, as part of $52 million equity raising announced on April 28.Says GHC has issued 3,333,333 units at $1.50 per unit to raise $5 million (placement units).  Full Article

Generation Healthcare REIT announces completion of institutional entitlement offer
Tuesday, 28 Apr 2015 07:27pm EDT 

Generation Healthcare REIT:Says completion of fully underwritten institutional accelerated non-renounceable rights issue as announced on April 28 (institutional entitlement offer).Pursuant to institutional entitlement offer, about 12.3 million new units were issued at issue price of $1.50 per unit, raising about $18.5 million.New units issued under institutional entitlement offer will be allotted and commence trading on May 11.Macquarie Capital (Australia) Limited and Morgans Corporate Limited acted as underwriters and managers in relation to placement.  Full Article

Generation Healthcare REIT announces acquisition of portfolio of aged care properties to be funded by $52 million equity raising
Monday, 27 Apr 2015 07:49pm EDT 

Generation Healthcare REIT:Says acquisition of portfolio of three freehold residential aged care properties from RSL Care Limited for combined amount of $45.8 million.Says acquisition of RSL Care portfolio will be funded via a $52.0 million equity raising at $1.50 per new unit (offer price).Equity raising comprises: $5.0 million placement to member of Taverners Group; and $47.0 million fully underwritten non-renounceable accelerated entitlement offer (entitlement offer) of 3 new units for 17 existing units.Macquarie Capital (Australia) Limited (Macquarie) and Morgans Corporate Limited (Morgans) are lead managers and underwriters for entitlement offer.  Full Article

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