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) Gross margin

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American Healthcare REIT, Inc.'s gross margin over the twelve months to 30 September 2026 was 20.2%, up 1.8 percentage points from fiscal 2025 (18.4%). Over the past ten years it has ranged from 16.4% (fiscal 2023) to 65.5% (fiscal 2017); the current reading is higher than 67% of that period. That is below the Reit Healthcare Facilities industry median of 80.8% and below the Real Estate sector median of 62.8%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 18.4% 0.81
FY2024 17.6% 1.12
FY2023 16.4% (1.94)
FY2022 18.4% 1.74
FY2021 16.6% (0.90)
FY2020 17.5% (0.56)
FY2019 18.1% (32.74)
FY2018 50.8% (14.67)
FY2017 65.5% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 22.2% 1.86
Jun 2026 20.4% 1.06
Mar 2026 19.3% 0.82
Dec 2025 18.5% 0.00
37 more quarters

Against its own ten years

Low 16.4% High 65.5%
Ten-year median 18.1%
Current reading's percentile 74

Gross margin against peers

Company Gross margin
SBRA Sabra Healthcare REIT, Inc. compare 100.0%
OHI Omega Healthcare Investors, Inc. compare 100.0%
LTC LTC Properties, Inc. compare 100.0%
CTRE CareTrust REIT, Inc. compare 98.4%
VTR Ventas, Inc. compare 95.1%
NHI National Health Investors, Inc. compare 76.5%
HR Healthcare Realty Trust Incorporated compare 62.2%
DOC Healthpeak Properties, Inc. compare 56.8%
AHR American Healthcare REIT, Inc. 20.2%
Reit Healthcare Facilities industry median 80.8%
Real Estate sector median 62.8%
Market median 46.0%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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