Saturday 7 November 2026 Export AHR’s income statement to Excel — free account

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%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

American Healthcare REIT, Inc. (AHR) revenue by segment, product and region

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Resident Fees and Services	2,095 100.00%	1,884 100.00%	1,669 100.00%	1,412 100.00%	1,124 100.00%	1,069 100.00%	1,099 100.00%	37 100.00%
Also reported: a second breakdown of the same revenue
Senior Housing-RIDEA	—	—	—	—	—	—	—	37 100.00%
Revenue	2,095	1,884	1,669	1,412	1,124	1,069	1,099	37

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
ISHC	1,764 84.22%	1,620 85.99%	1,482 88.80%	1,255 88.85%	1,026 91.26%	983 91.96%	1,031 93.80%
SHOP	331 15.78%	264 14.01%	187 11.20%	157 11.15%	98 8.74%	86 8.04%	68 6.20%
OM	0 0.00%	0 0.00%	0 0.00%	0 0.00%	0 0.00%	—	—
Triple-net leased properties	0 0.00%	0 0.00%	0 0.00%	0 0.00%	0 0.00%	—	—
Hospitals	—	—	—	—	—	0 0.00%	0 0.00%
Medical Office Building	—	—	—	—	—	0 0.00%	0 0.00%
Senior Housing	—	—	—	—	—	0 0.00%	0 0.00%
Skilled Nursing Facilities	—	—	—	—	—	0 0.00%	0 0.00%
Revenue	2,095	1,884	1,669	1,412	1,124	1,069	1,099

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
ISHC	‡	‡	‡	‡	‡	‡	‡
OM	‡	‡	‡	‡	‡	‡	‡
SHOP	‡	‡	‡	‡	‡	‡	‡
Triple-net leased properties	‡	‡	‡	‡	‡	‡	‡
Medical Office Building	‡	‡	‡	‡	‡	‡	‡
Skilled Nursing Facilities	‡	‡	‡	‡	‡	‡	‡
Senior Housing	‡	‡	‡	‡	‡	‡	‡
Hospitals	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
FFO a share	Q3 FY2026	$0.55	$0.54	+1.85%
Total portfolio same-store net operating income growth	Q3 FY2026	13.8%	16.4%	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
FFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total portfolio same-store net operating income growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.