The use of the words “we,” “us” or “our” refers to American Healthcare REIT, Inc. and its subsidiaries, including American Healthcare REIT Holdings, LP, except where otherwise noted. American Healthcare REIT, Inc., a Maryland corporation, is a self-managed real estate investment trust, or REIT, that acquires, owns and operates a diversified portfolio of clinical healthcare real estate properties, focusing primarily on senior housing, skilled nursing facilities, or SNFs, outpatient medical, or OM, buildings and other healthcare-related facilities. We have built a fully-integrated management platform, with approximately 121 employees as of December 31, 2025, that operates clinical healthcare properties throughout the United States, and in the United Kingdom and the Isle of Man.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.3B | 2.3B | 2.1B | 1.9B | 1.4B | 1.1B |
| Net Income | 70M | 70M | -38M | -71M | -81M | -48M |
| EPS | $0.42 | $0.42 | $-0.29 | $-0.54 | $-0.62 | $-0.48 |
| Free Cash Flow | -590M | -590M | 116M | 53M | 140M | -62M |
| ROIC | 14.1% | 10.7% | 11.1% | 10.0% | 9.5% | 8.8% |
| Gross Margin | 12.3% | 12.3% | 11.5% | 9.7% | 9.3% | 8.3% |
| Debt/Equity | 0.34 | 0.34 | 0.57 | 1.44 | 1.26 | 1.10 |
| Dividends/Share | $0.98 | $1.00 | $1.00 | $0.50 | $0.80 | $0.35 |
| Operating Income | 415M | 415M | 364M | 307M | 302M | 213M |
| Operating Margin | 18.4% | 18.4% | 17.6% | 16.4% | 21.4% | 19.0% |
| ROE | 2.1% | 2.5% | -2.1% | -5.4% | -5.5% | -3.9% |
| Shares Outstanding | 166M | 166M | 130M | 132M | 131M | 101M |
American Healthcare REIT, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
American Healthcare REIT, Inc. trades at 116.2x trailing earnings, compared to its 15-year median P/E of 15.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 55.3x vs a median of 31.0x. The company's 5-year average ROIC is 10.0% with a gross margin of 10.2%. Total shareholder yield (dividends) is 2.0%. At current prices, the estimated annualized return to fair value is +75.3%.
American Healthcare REIT, Inc. (AHR) has a current P/E ratio of 116.2, compared to its historical median P/E of 15.0. The stock is currently considered Expensive based on its historical valuation range.
American Healthcare REIT, Inc. (AHR) has a 5-year average return on invested capital (ROIC) of 10.0%. This indicates solid capital allocation.
American Healthcare REIT, Inc. (AHR) has a market capitalization of $8.1B. It is classified as a mid-cap stock.
Yes, American Healthcare REIT, Inc. (AHR) pays a dividend with a trailing twelve-month yield of 2.02%.
Based on historical P/E analysis, American Healthcare REIT, Inc. (AHR) appears expensive. The current P/E of 116.2 is 675% above its historical median of 15.0.
American Healthcare REIT, Inc. (AHR) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
American Healthcare REIT, Inc. (AHR) reported annual revenue of $2.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
American Healthcare REIT, Inc. (AHR) has a net profit margin of 3.1%. This is a modest margin.
American Healthcare REIT, Inc. (AHR) generated $-590 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
American Healthcare REIT, Inc. (AHR) has a debt-to-equity ratio of 0.34. This indicates a conservatively financed balance sheet.
American Healthcare REIT, Inc. (AHR) reported earnings per share (EPS) of $0.42 in its most recent fiscal year.
American Healthcare REIT, Inc. (AHR) has a return on equity (ROE) of 2.5%. This indicates moderate shareholder returns.
American Healthcare REIT, Inc. (AHR) has a 5-year average gross margin of 10.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 11 years of financial data for American Healthcare REIT, Inc. (AHR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
American Healthcare REIT, Inc. (AHR) has a book value per share of $19.98, based on its most recent annual SEC filing.