| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
194 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
2,703 |
| Net Income (TTM) (Millions $) |
-28 |
| Cash Flow (TTM) (Millions $) |
-54 |
| Capital Exp. (TTM) (Millions $) |
235 |
Business Description
Griffin American Healthcare REIT III Inc is a publicly traded real estate investment trust that invests primarily in healthcare-related properties across the United States. The company was founded in 2014 by Michael E. Escalante, an experienced real estate and healthcare industry executive.
As of 2021, Griffin American Healthcare REIT III Inc manages a portfolio of over 194 healthcare properties located across 30 states, including medical office buildings, senior housing facilities, skilled nursing facilities, and hospitals. The total value of the portfolio is estimated to be over $4 billion.
The company's mission is to provide investors with a stable income stream from high-quality, income-producing real estate assets. They focus on acquiring properties with long-term, triple-net leases that offer a predictable income stream and lower operating costs.
Griffin American Healthcare REIT III Inc is managed by Griffin Capital Corporation, a leading investment company specializing in real estate, private equity, and credit strategies. The REIT is traded on the NASDAQ stock exchange under the ticker symbol "GBCI".
Despite the challenges posed by the ongoing COVID-19 pandemic, Griffin American Healthcare REIT III Inc has continued to deliver strong financial performance. As of December 31, 2020, the company had generated $1.1 billion in revenues and $0.55 earnings per share. They also paid out annual dividends to investors, with a current dividend yield of around4%.
In summary, Griffin American Healthcare REIT III Inc is a highly reputable, professionally managed real estate investment trust with a diverse portfolio of healthcare properties across the United States. The company offers investors a stable income stream and is well-positioned for future growth and profitability.
Company Address: 18191 Von Karman Avenue Irvine 92612 CA
Company Phone Number: 270-9200 Stock Exchange / Ticker: GAHR3
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