American Healthcare REIT, Inc. logo AHR - American Healthcare REIT, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 10
HOLD 1
SELL 0
STRONG
SELL
0
| PRICE TARGET: $57.33 DETAILS
HIGH: $60.00
LOW: $55.00
MEDIAN: $57.00
CONSENSUS: $57.33
UPSIDE: 14.23%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1
Revenue
Revenue 650.8 604.1 572.9 542.5 540.6 542.7 523.8 504.6 499.5 482.6 463.2 461.2 452.2 449.6 419.6 377.3 370.9
Cost of Revenue 659.4 603.2 454.5 426.3 432.4 430.6 417.1 402.6 403.6 385.0 374.6 372.5 370.1 360.8 337.5 296.1 287.2
Gross Profit (8.6) 0.8 118.4 116.2 108.2 112.2 106.7 102.0 95.9 97.5 88.6 88.6 82.1 88.8 82.1 81.3 83.8
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 0 14.1 27.9 26.8 25.1 25.1 25.1 25.6 24.4 25.9 26.4 28.2 26.6 24.5 25.6 26.4
Other Expenses (51.0) (39.1) 61.8 41.9 41.1 46.9 44.2 45.3 42.8 43.9 48.2 38.3 44.7 42.3 33.9 29.0 37.1
Operating Expenses (51.0) (39.1) 75.9 69.9 67.9 72.0 69.3 70.3 68.3 68.3 74.1 64.7 72.9 68.9 58.4 54.6 63.5
Operating Income
Operating Income 42.4 39.9 42.5 46.3 40.3 40.1 37.4 31.7 27.6 29.2 14.4 23.9 9.2 19.9 23.8 26.7 20.3
Interest Expense 18.8 19.8 20.4 22.6 22.9 30.3 30.4 30.6 36.4 41.2 42.0 41.0 39.0 34.8 27.5 20.3 23.3
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 109.3 83.7 84.7 84.8 67.6 55.4 81.5 90.3 88.3 62.2 99.0 86.4 76.6 42.1 69.6 51.0 71.1
EBIT 42.3 28.3 35.5 33.4 16.7 (1.6) 27.6 34.2 33.7 10.1 35.8 29.5 11.5 (14.5) 20.0 5.0 22.6
Income Before Tax 23.5 8.5 35.5 10.8 (6.2) (31.9) (2.8) 3.6 (2.7) (31.1) (6.2) (11.5) (27.5) (49.2) (7.5) (15.3) (0.7)
Income Tax Expense (0.5) (2.4) (21.1) 0.7 0.6 0.5 0.3 0.7 0.3 (0.1) 0.3 0.3 0.1 0.1 0.1 0.2 0.2
Net Income 23.7 10.8 55.9 9.9 (6.8) (31.8) (4.1) 2.0 (3.9) (27.4) (6.0) (12.2) (25.9) (47.5) (13.5) (17.3) (3.0)
Per Share Data
EPS (Basic) 0.13 0.06 0.33 0.06 -0.04 -0.21 -0.03 0.02 -0.04 -0.42 -0.09 -0.18 -0.39 -0.72 -0.20 -0.26 -0.04
EPS (Diluted) 0.13 0.06 0.33 0.06 -0.04 -0.21 -0.03 0.02 -0.04 -0.42 -0.09 -0.18 -0.39 -0.72 -0.20 -0.26 -0.04
Shares Outstanding 187.3 166.1 162.2 160.5 156.9 153.7 133.7 130.5 104.3 66.0 66.0 66.0 66.0 66.1 66.1 66.1 66.2
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4
Current Assets
Cash & Cash Equivalents 119,380 114.8 147.4 133.5 86.1 76.7 67.8 52.1 77.0 43.4 35.2 48.4 41.3 65.1 79.4 59.1 75.1 81.6
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 241,594 204.3 188.6 224.1 271.1 211.1 253.9 201.0 264.4 185.4 216.4 194.2 143.7 184.4 181.9 181.1 173.5 163.8
Inventory 0 0 20.2 0 19.4 19.5 20.2 20.0 20.7 19.5 22.0 19.3 19.1 19.8 18.9 18.6 18.1 18.9
Other Current Assets 0 0 37.2 0 79.5 47.6 81.9 51.4 85.7 48.8 89.0 81.3 15.7 72.7 78.2 81.4 77.9 66.4
Total Current Assets 360,974 319.1 393.4 357.6 456.0 354.9 423.8 324.5 447.9 297.1 362.6 343.1 251.0 341.9 358.5 340.2 344.6 330.7
Non-Current Assets
Property, Plant & Equipment 261,211 271.0 140.7 296.1 3,490.4 164.0 3,709.0 177.4 3,700.3 227.8 3,664.6 3,747.1 270.9 3,858.0 3,789.1 3,606.3 3,630.3 3,672.8
Goodwill 234,942 234.9 234.9 234.9 234.9 234.9 234.9 234.9 234.9 234.9 234.9 234.9 234.9 231.6 254.9 212.7 211.7 209.9
Intangible Assets 250,424 253.2 181.4 155.9 156.4 161.5 177.8 179.5 187.8 180.5 196.9 210.6 219.3 236.3 238.0 234.9 241.1 248.9
Long-Term Investments 4,412.2 4,275.6 95.2 103.0 103.8 105.2 106.4 107.4 107.4 107.5 106.7 106.2 99.4 92.6 91.5 104.5 103.0 94.9
Other Non-Current Assets (4,412.2) (4,275.6) 3,703.3 (103.0) 22.6 3,467.6 25.1 3,620.9 25.0 3,530.0 23.2 24.3 3,672.1 26.4 26.7 25.2 25.5 23.1
Total Non-Current Assets 746,577 759.2 4,376.9 686.9 4,008.1 4,133.2 4,253.2 4,320.1 4,255.5 4,280.8 4,226.4 4,323.3 4,496.7 4,444.8 4,400.2 4,183.7 4,211.6 4,249.6
Total Assets 5,598,658 5,426.2 4,770.3 4,506.6 4,464.1 4,488.1 4,677.0 4,644.6 4,703.4 4,577.9 4,588.9 4,666.4 4,747.7 4,786.7 4,758.6 4,523.9 4,556.2 4,580.3
Current Liabilities
Account Payables 0 0 0 79.4 79.1 258.3 82.9 0 108.4 242.9 85.7 74.2 231.5 83.7 79.6 63.1 61.8 64.4
Short-Term Debt 0 0 549.7 549.6 32.3 688.5 38.1 783.9 387.7 1,224.0 371.9 380.3 1,313.2 316.7 0 0 0 921.9
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 298.1 194.3 63.8 0 61.3 253.7 33.7 (225.5) 39.1 43 (268.6) 56.7 51.9 23.7 24.8 31.6
Total Current Liabilities 0 0 847.7 823.3 327.3 946.9 316.1 1,037.5 672.8 1,466.9 618.0 623.9 1,544.7 560.6 245.1 182.2 186.6 1,110.0
Non-Current Liabilities
Long-Term Debt 1,478.5 1,518.8 1,005.5 1,017.9 1,646.6 1,016.9 1,883.1 1,269.0 1,641.0 1,344.2 2,164.5 2,185.8 1,281.4 2,243.3 2,471.9 2,422.1 2,373.9 1,434.5
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 2,077,303 476.9 55.8 54.6 54.1 54.9 54.4 55.3 54.0 82.2 50.4 56.8 66.1 60.4 64.9 57.3 61.4 60.8
Total Non-Current Liabilities 2,077,303 2,065.6 1,202.6 1,220.7 1,832.0 1,237.0 2,103.7 1,503.0 1,887.9 1,651.9 2,437.2 2,486.2 1,616.1 2,576.8 2,788.2 2,576.6 2,563.5 1,640.7
Total Liabilities 2,077,303 2,065.6 2,050.4 2,044.0 2,159.3 2,183.9 2,419.8 2,540.5 2,560.6 3,118.8 3,055.2 3,110.1 3,160.8 3,137.3 3,033.3 2,758.8 2,750.1 2,750.8
Stockholders' Equity
Common Stock 1,894 1.9 1.7 1.6 1.6 1.6 1.5 1.3 1.3 0.7 0.7 0.7 0.7 0.7 2.6 2.6 2.6 0.7
Retained Earnings (1,583,441) (1,559.3) (1,523.3) (1,536.3) (1,504.9) (1,458.1) (1,386.8) (1,344.3) (1,313.2) (1,276.2) (1,232.2) (1,209.6) (1,180.7) (1,138.3) (1,064.3) (1,024.3) (980.6) (951.3)
Accumulated Other Comprehensive Income (2,224) (2.1) (2.1) (2.0) (2.3) (2.5) (2.2) (2.5) (2.5) (2.4) (2.6) (2.4) (2.6) (2.7) (3.1) (2.7) (2.2) (2.0)
Total Stockholders' Equity 3,481,675 3,320.6 2,678.2 2,421.0 2,262.4 2,261.2 2,207.5 1,933.4 1,960.9 1,270.3 1,314.2 1,335.8 1,363.7 1,400.1 1,467.3 1,517.2 1,556.7 1,581.3
Total Liabilities & Equity 5,598,658 5,426.2 4,770.3 4,506.6 4,464.1 4,488.1 4,677.0 4,644.6 4,703.4 4,577.9 4,588.9 4,666.4 4,747.7 4,786.7 4,758.6 4,523.9 4,556.2 4,580.3
Debt Metrics
Total Debt 1,547.8 1,588.7 1,696.5 1,715.7 1,832.5 1,870.7 2,095.4 2,231.5 2,248.6 3,019.1 2,767.6 2,829.0 3,131.8 2,833.1 2,732.4 2,526.5 2,516.7 2,501.9
Net Debt (117,832.2) 1,473.9 1,549.1 1,582.2 1,746.4 1,794.0 2,027.6 2,179.4 2,171.6 2,975.7 2,732.5 2,780.6 3,090.5 2,768.1 2,653.0 2,467.4 2,441.6 2,420.3
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4
Operating Activities
Net Income 24.0 10.9 56.6 10.1 (6.8) (32.4) (3.1) 2.9 (3.0) (31.0) (6.4) (11.9) (27.6) (49.3) (7.6) (15.5) (0.9) (23.0)
Depreciation & Amortization 76.0 84.4 30.0 51.3 50.9 57.1 53.9 56.1 54.6 52.1 63.2 57.0 65.0 56.6 49.6 46.0 48.5 62.6
Stock-Based Compensation 4.9 5.5 3.4 3.2 2.6 2.0 2.6 3.3 1.9 1.2 1.6 1.6 1.1 1.3 0.9 1 0.8 9.6
Change in Working Capital (14.4) (34.9) 17.0 (8.1) (9.0) (15.2) 1.8 (2.7) (52.6) (13.2) (8.1) (22.1) (12.4) (5.9) 11.7 (15.9) (27.6) (15.9)
Other Non-Cash Items (1.7) (9.1) 21.5 15.0 22.9 48.1 7.9 (0.2) (6.9) 16.6 (21.1) (4.9) (2.2) 31.7 2.9 18.3 1.6 (13.8)
Operating Cash Flow 88.1 55.2 107.2 71.5 60.6 59.5 63.1 59.4 (6.0) 25.8 29.1 19.8 23.9 34.3 57.3 33.8 22.4 19.4
Investing Activities
Capital Expenditure (38.3) (69.3) 48.1 (26.9) (21.2) (29.7) (23.9) (18.5) (19.9) (25.4) (22.3) (30.6) (21.5) (20.2) (15.8) (14.7) (20.9) (18.4)
Acquisitions (165.9) 0 0.4 (0.4) (0.0) (0.2) 0 0 0 (0.6) 0 (6) (6.3) (0.4) (17.9) 0 (0.2) 17.9
Purchases of Investments 0 (662.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 4.8 46.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 1.2 (4.2) (373.5) (34.8) (11.6) 117.1 (6.5) (41.8) 14.7 14.7 33.3 79.6 (5.5) 24.5 8.6 (55.3) (6.3) (0.5)
Investing Cash Flow (203.1) (709.6) (278.5) (62.1) (32.8) 87.2 (30.4) (60.3) (5.2) (11.3) 11.0 43.0 (33.3) 4.0 (25.2) (70.0) (27.4) (1.1)
Financing Activities
Net Debt Issuance (5.5) (6.1) (13.4) (112.6) (28.2) (215.0) (171.3) 22.0 (631.2) 16.3 (31.9) (35.3) 33.3 (18.6) 3.5 48.2 29.7 (17.5)
Stock Repurchased (9.8) 0 0 0 0 0 0 0 (0.0) (0.3) 0 (0.1) (0.1) (4.5) (5.7) (6.4) (4.1) (0.4)
Dividends Paid (46.8) (42.9) (41.2) (39.9) (39.5) (38.3) (33.0) (33.0) (16.6) (16.6) (16.6) (16.6) (26.5) (15.7) (5.1) (15.2) (15.0) (9.8)
Other Financing Activities (0.9) (0.7) (0.7) (3.0) (3.7) (6.9) (280.7) (13.1) (80.1) (5.3) (3.1) (5.3) (21.1) (12.1) (4.7) (5.3) (11.8) (16.5)
Financing Cash Flow 128.6 621.8 185.7 33.1 (23.8) (140.0) (13.7) (26.0) 45.0 (5.9) (51.6) (57.3) (14.3) (50.9) (12.0) 21.2 (1.3) (44.2)
Cash Position
Net Change in Cash 13.6 (32.6) 14.4 42.5 4.2 6.6 19.1 (26.9) 33.7 8.6 (11.6) 5.5 (23.7) (12.4) 20.1 (15.0) (6.3) (25.8)
Cash at Beginning 151.8 184.4 170.0 127.5 123.3 116.7 97.6 124.5 90.8 82.2 93.8 88.2 111.9 124.3 104.2 119.2 125.5 151.3
Cash at End 165.4 151.8 184.4 170.0 127.5 123.3 116.7 97.6 124.5 90.8 82.2 93.8 88.2 111.9 124.3 104.2 119.2 125.5
Free Cash Flow 49.7 (14.1) 155.3 44.6 39.4 29.8 39.2 40.9 (25.8) 0.4 6.8 (10.8) 2.4 14.2 41.5 19.1 1.5 1.0
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1
Income Statement
Revenue 650.8 604.1 572.9 542.5 540.6 542.7 523.8 504.6 499.5 482.6 463.2 461.2 452.2 449.6 419.6 377.3 370.9
Gross Profit (8.6) 0.8 118.4 116.2 108.2 112.2 106.7 102.0 95.9 97.5 88.6 88.6 82.1 88.8 82.1 81.3 83.8
Operating Income 42.4 39.9 42.5 46.3 40.3 40.1 37.4 31.7 27.6 29.2 14.4 23.9 9.2 19.9 23.8 26.7 20.3
Net Income 23.7 10.8 55.9 9.9 (6.8) (31.8) (4.1) 2.0 (3.9) (27.4) (6.0) (12.2) (25.9) (47.5) (13.5) (17.3) (3.0)
EPS (Diluted) 0.13 0.06 0.33 0.06 -0.04 -0.21 -0.03 0.02 -0.04 -0.42 -0.09 -0.18 -0.39 -0.72 -0.20 -0.26 -0.04
Balance Sheet
Cash & Equivalents 119,380 114.8 147.4 133.5 86.1 76.7 67.8 52.1 77.0 43.4 35.2 48.4 41.3 65.1 79.4 59.1 75.1 81.6
Total Assets 5,598,658 5,426.2 4,770.3 4,506.6 4,464.1 4,488.1 4,677.0 4,644.6 4,703.4 4,577.9 4,588.9 4,666.4 4,747.7 4,786.7 4,758.6 4,523.9 4,556.2 4,580.3
Total Debt 1,547.8 1,588.7 1,696.5 1,715.7 1,832.5 1,870.7 2,095.4 2,231.5 2,248.6 3,019.1 2,767.6 2,829.0 3,131.8 2,833.1 2,732.4 2,526.5 2,516.7 2,501.9
Stockholders' Equity 3,481,675 3,320.6 2,678.2 2,421.0 2,262.4 2,261.2 2,207.5 1,933.4 1,960.9 1,270.3 1,314.2 1,335.8 1,363.7 1,400.1 1,467.3 1,517.2 1,556.7 1,581.3
Cash Flow
Operating Cash Flow 88.1 55.2 107.2 71.5 60.6 59.5 63.1 59.4 (6.0) 25.8 29.1 19.8 23.9 34.3 57.3 33.8 22.4 19.4
Capital Expenditure (38.3) (69.3) 48.1 (26.9) (21.2) (29.7) (23.9) (18.5) (19.9) (25.4) (22.3) (30.6) (21.5) (20.2) (15.8) (14.7) (20.9) (18.4)
Free Cash Flow 49.7 (14.1) 155.3 44.6 39.4 29.8 39.2 40.9 (25.8) 0.4 6.8 (10.8) 2.4 14.2 41.5 19.1 1.5 1.0