American Healthcare REIT, Inc.
American Healthcare REIT, Inc.
American Healthcare REIT, Inc. (AHR) — SEC Financial Statements & Analysis
American Healthcare REIT, Inc. (AHR) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Common Stock | 0 | 186 | 0 | -159 | 159 | 157 | -45 | 0 | 65 | 0 | 0 | 0 | |||||
Common Class T | - | - | - | - | - | 0 | 0 | -20 | 20 | 0 | 0 | 0 | |||||
Assets | |||||||||||||||||
Common Class I | - | - | - | - | - | 0 | 0 | -47 | 47 | 0 | 0 | -0 | |||||
Real Estate Investment Property Net | 4,320 | 4,183 | 3,599 | 3,346 | 3,337 | 3,367 | 3,536 | 3,510 | 3,479 | 3,425 | 3,431 | 3,483 | |||||
Held To Maturity Securities | 92 | 92 | 92 | 92 | 92 | 91 | 90 | 89 | 88 | 87 | 86 | 85 | |||||
Cash And Cash Equivalents At Carrying Value | 119 | 115 | 147 | 133 | 86 | 77 | 68 | 52 | 77 | 43 | 35 | 48 | |||||
Restricted Cash | 38 | 37 | 37 | 36 | 41 | 47 | 49 | 46 | 48 | 47 | 47 | 45 | |||||
Accounts Receivable Net | 242 | 204 | 189 | 224 | 223 | 211 | 204 | 201 | 216 | 185 | 169 | 146 | |||||
Intangible Assets Net Excluding Goodwill | 250 | 253 | 181 | 156 | 156 | 161 | 178 | 179 | 188 | 180 | 197 | 211 | |||||
Goodwill | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | |||||
Operating Lease Right Of Use Asset | 130 | 135 | 141 | 148 | 153 | 164 | 173 | 177 | 222 | 228 | 234 | 264 | |||||
Other Assets | 172 | 171 | 150 | 136 | 141 | 135 | 145 | 156 | 152 | 146 | 155 | 149 | |||||
Assets | 5,599 | 5,426 | 4,770 | 4,507 | 4,464 | 4,488 | 4,677 | 4,645 | 4,703 | 4,578 | 4,589 | 4,666 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities | |||||||||||||||||
Secured Debt | 962 | 967 | 971 | 984 | 1,000 | 982 | 1,283 | 1,229 | 1,228 | 1,302 | 1,221 | 1,238 | |||||
Line Of Credit | 550 | 550 | 0 | -93 | 643 | 689 | -187 | 234 | 550 | 1,224 | -5 | 232 | |||||
Accounts Payable And Accrued Liabilities Current A… | 340 | 318 | 298 | 274 | 272 | 258 | 270 | 254 | 257 | 243 | 234 | 224 | |||||
Off Market Lease Unfavorable | 2 | 2 | 2 | 3 | 3 | 3 | 5 | 6 | 6 | 6 | 9 | 10 | |||||
Operating Lease Liability | 131 | 136 | 141 | 148 | 154 | 165 | 174 | 179 | 220 | 226 | 231 | 263 | |||||
Liabilities | 2,077 | 2,066 | 2,050 | 2,044 | 2,159 | 2,184 | 2,420 | 2,541 | 2,561 | 3,119 | 3,055 | 3,110 | |||||
Redeemable Noncontrolling Interest Equity Fair Val… | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 34 | 60 | 60 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 5,065 | 4,880 | 4,202 | 3,958 | 3,768 | 3,720 | 3,595 | 3,279 | 3,275 | 2,548 | 2,548 | 2,547 | |||||
Retained Earnings Accumulated Deficit | -1,583 | -1,559 | -1,523 | -1,536 | -1,505 | -1,458 | -1,387 | -1,344 | -1,313 | -1,276 | -1,232 | -1,210 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -2 | -2 | -2 | -2 | -2 | -3 | -2 | -2 | -2 | -2 | -3 | -2 | |||||
Stockholders Equity | 3,482 | 3,321 | 2,678 | 2,421 | 2,304 | 2,304 | 2,257 | 2,104 | 1,961 | 1,425 | 1,474 | 1,336 | |||||
Minority Interest | 40 | 40 | 42 | 42 | 42 | 43 | 49 | 171 | 170 | 155 | 159 | 161 | |||||
Liabilities And Stockholders Equity | 5,599 | 5,426 | 4,770 | 4,507 | 4,464 | 4,488 | 4,677 | 4,645 | 4,703 | 4,578 | 4,589 | 4,666 | |||||
A2022 Credit Agreement | - | - | - | - | - | - | - | - | - | - | -16 | -52 | |||||
A2024 Credit Agreement | 550 | 0 | -525 | -93 | 643 | 0 | -72 | 118 | 550 | 1,150 | - | - | |||||
A2022 Corporate Line Of Credit | - | - | - | - | - | - | - | - | - | 915 | - | - | |||||
Revolving Credit Facility | - | - | - | - | - | - | -0 | 0 | 0 | - | -16 | -52 | |||||
Senior Unsecured Term Loan Facility | - | - | - | - | - | - | -71 | 118 | 549 | - | - | - | |||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | - | - | 0.01 | 0.01 | 0.01 | 0.01 | - | - | - | - | - | |||||
Common Stock Shares Authorized | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||||
Common Stock Shares Issued | 190 | - | - | - | - | - | - | - | - | - | - | - | |||||
Shares Outstanding | 190 | - | - | - | - | - | - | - | - | - | - | - | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.45% | -1.37% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 0.03% | 3.26% | 7.67% | 5.63% | 4.05% | 10.04% | 2.75% | -2.97% | -5.94% | -7.91% | -4.56% | -5.03% |
| 2024 | 4.43% | 11.66% | 17.25% | 25.18% | 57.77% | 56.26% | 6.53% | 6.05% | 6.50% | -0.60% | 3.60% | 20.19% |
| 2023 | - | - | - | - | - | - | - | - | - | -0.44% | 2.34% | 6.80% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | 0.53 | 0.09 | -0.47 | -1.29 | -1.35 | -1.29 | -1.24 | -1.23 | -1.30 | -1.44 | -1.61 | -1.68 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 0.53 | 0.42 | 0.18 | -0.19 | -0.25 | -0.27 | -0.24 | -0.26 | -0.46 | -1.08 | -1.43 | -1.46 | |||||
| Free Cash Flow Per Share TTM | -3.84 | -3.55 | -0.30 | 0.99 | 1.06 | 0.89 | 0.67 | 0.22 | 0.33 | 0.80 | 0.93 | 1.65 | |||||
| Dividend Per Share TTM | 0.91 | 0.98 | 0.94 | 0.94 | 0.92 | 0.93 | 0.74 | 0.63 | 0.64 | 1.15 | 1.14 | 0.97 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 15.03% | 14.37% | 11.51% | 11.20% | 12.58% | 12.20% | 17.99% | 15.53% | 12.72% | 9.97% | 9.55% | 9.15% | |||||
| Operating Profit Margin TTM | 3.55% | 2.32% | 0.42% | -1.57% | -1.94% | -1.80% | -1.68% | -1.96% | -2.93% | -4.57% | -5.77% | -6.03% | |||||
| Net Profit Margin TTM | 4.55% | 3.33% | 1.53% | -1.59% | -2.00% | -1.89% | -1.63% | -1.83% | -2.71% | -4.28% | -5.80% | -6.08% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 14.54% | 11.19% | 0.48% | 3.67% | 9.39% | 12.89% | 20.02% | 16.86% | 17.17% | 18.17% | 23.69% | 27.95% | |||||
| Net Income Growth (1Y) | -360.50% | -296.08% | -194.21% | -9.78% | -19.34% | -50.19% | -66.20% | -64.84% | -52.30% | -2.61% | 97.30% | 117.05% | |||||
| EPS Growth (1Y) | -318.23% | -254.26% | -174.55% | -26.63% | -46.39% | -74.82% | -83.30% | -82.22% | -69.80% | -2.96% | 96.62% | 116.14% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 87.63 | 110.82 | 231.65 | -188.73 | -120.01 | -100.54 | -104.11 | -53.23 | -29.97 | - | - | - | |||||
| P/B | 2.53 | 2.30 | 2.61 | 2.38 | 2.01 | 1.55 | 1.48 | 0.86 | 0.73 | - | - | - | |||||
| P/S TTM | 3.99 | 3.69 | 3.55 | 3.00 | 2.40 | 1.90 | 1.70 | 0.97 | 0.81 | - | - | - | |||||
| Market Cap | 8.79B | 7.74B | 6.99B | 5.77B | 4.62B | 3.58B | 3.34B | 1.80B | 1.43B | - | - | - | |||||
| Enterprise Value | 8.67B | 7.62B | 6.84B | 5.60B | 4.49B | 3.50B | 3.27B | 1.75B | 1.31B | - | - | - | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -719.03M | -589.98M | -49.86M | 158.92M | 166.22M | 115.74M | 90.24M | 28.86M | 34.67M | 53.15M | 61.71M | 109.23M | |||||
| Net Debt | -119.38M | -114.84M | -147.36M | -169.99M | -127.45M | -76.70M | -67.85M | -52.09M | -124.53M | -90.78M | -82.16M | -93.75M | |||||
Per-Share and Margin | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
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| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
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| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
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Valuation Ratios | |||||||||||||||||
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| Total Debt | |||||||||||||||||
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Insider Transactions
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