American Healthcare REIT, Inc.AHR

NYSEReal EstateReal Estate Investment Trusts
Price (close)
$52.02
Market cap
$10.1B
P/E
83.7x
Revenue (TTM)
$2.5B
Net income
$121.0M
Dividend yield
1.92%
1-year total return
27.4%
Net margin
4.8%
Revenue growth
16.4%
Debt / equity
—

What American Healthcare REIT, Inc. does.

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 . We own and operate our integrated senior health campuses, or ISHC, and senior-housing operating properties, or SHOP, utilizing the structure permitted by the REIT Investment Diversification and Empowerment Act of 2007, which is commonly referred to as a “RIDEA” structure. We have also originated and acquired secured loans and may acquire other real estate-related investments in the future on an infrequent and opportunistic basis. We generally seek investments that produce current income; however, we have selectively developed, and may continue to selectively develop, healthcare real estate properties. We have elected to be taxed as a REIT for U.S. federal income tax purposes. We believe that we have been organized and operated, and we intend to continue to operate, in conformity with the requirements for qualification and taxation as a REIT under the Internal Revenue Code of 1986, or the Code.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$1.1B$1.1B$1.4B$1.9B$2.1B$2.3B
Net income$2.2M-$47.8M-$81.3M-$71.5M-$37.8M$69.8M
Free cash flow$210.8M—$140.2M———

More on AHR.

Figures from American Healthcare REIT, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.