American Healthcare REIT, Inc.

AHR Real Estate Reit Healthcare Facilities

American Healthcare REIT, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 9.15% from fiscal 2024.

Revenue
+29.5%
EPS
−57.6%
Free cash flow
+9.53%
Total debt
−64.6%

Quarter to September 2026, against a year earlier

57.92 1.88 +3.35%
Market cap
$12.3B
P/E
118×
Fwd P/E
86.5×
Dividend yield
1.73%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

American Healthcare REIT, Inc. (AHR) EV/EBITDA

Alert me on EV/EBITDA

As of 6 November 2026, American Healthcare REIT, Inc. (AHR) trades at a EV/EBITDA of 31.2×. Over the past ten years it has ranged from 10.1× (April 2024) to 31.2× (November 2026) — the current reading is the highest in ten years. That is above the Reit Healthcare Facilities industry median of 17.6× and above the Real Estate sector median of 15.3×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 23.7× 57.15%
FY2024 15.1× 43.39%
FY2023 10.5× 0.00%
FY2022 10.5× 0.00%
FY2021 10.5× 0.00%
FY2020 10.5× 0.00%
FY2019 10.5× 0.00%
FY2018 10.5× 0.00%
FY2017 10.5× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 27.9× 8.81%
Jun 2026 25.7× 4.06%
Mar 2026 24.7× 4.13%
Dec 2025 23.7× 7.58%
37 more quarters

Against its own ten years

Low 10.1× High 31.2×
Ten-year median 19.7×
Current reading's percentile 100

EV/EBITDA against peers

Company EV/EBITDA
LTC LTC Properties, Inc. compare 5.7×
HR Healthcare Realty Trust Incorporated compare 9.8×
DOC Healthpeak Properties, Inc. compare 15.2×
NHI National Health Investors, Inc. compare 15.9×
OHI Omega Healthcare Investors, Inc. compare 17.6×
SBRA Sabra Healthcare REIT, Inc. compare 20.0×
CTRE CareTrust REIT, Inc. compare 21.5×
VTR Ventas, Inc. compare 23.1×
AHR American Healthcare REIT, Inc. 31.2×
Reit Healthcare Facilities industry median 17.6×
Real Estate sector median 15.3×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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