Saturday 17 October 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. In the quarter to June 2026, revenue grew 24.3%, EPS grew 166.7%, free cash flow grew 9.53% and total debt fell 7.97%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five.

53.23 0.22 +0.42%

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Market cap: $11.6B
P/E: 78.3×
Fwd P/E: 80.1×
Dividend yield: 1.88%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 5.49

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	1	—	—	1	—	—	3	—	—	2	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 11,640.00

Revenue 2,502.04

Net Income 122.57

Free Cash Flow 216.64

Net Debt 1,250.93

Current Ratio 0.48

Debt/Equity 0.39

P/E ratio 78.28

Fwd P/E 80.10

P/S ratio 4.10

P/B ratio 2.74

Past 5Y EPS Growth 16.35%

This Y EPS Growth 41.59%

Next Y EPS Growth 30.93%

Next Y revenue growth 24.15%

Next 5Y EPS Growth 29.37%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

Dividends

Payout Ratio 1.47

Annual Dividend Rate 1.00

Annual Dividend Yield 1.88%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.02	0.25 0.25 0.25
2025	1.00	0.25 0.25 0.25 0.25
2024	1.00	0.25 0.25 0.25 0.25
2023	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	91	123	152	192
Receivables	185	211	204	230
Inventory	—	—	—	—
Other	—	—	—	—
	276	334	356	421

	2023	2024	2025	Q'26
Payables	243	258	318	332
ST’ Debt	1,224	689	550	550
Other	—	—	—	—
	1,467	947	868	882

Compound Annual Growth %

	10y	5y	3y
Sales	—	12.68%	11.21%
Cash Flow	—	6.08%	25.84%
Earnings	—	100.34%	0.00%
Book Value	—	26.57%	28.94%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	651	674	—	—	—
’25	541	543	573	604	2,260
’24	500	505	524	543	2,071
’23	452	468	464	483	1,867
’22	376	388	426	453	1,643
’21	291	308	317	365	1,282
’20	38	39	41	1,127	1,244

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	81	119	—	—	—
’25	61	71	107	55	294
’24	(6)	59	63	60	176
’23	24	20	29	26	99
’22	22	34	57	34	148
’21	(5)	9	(5)	19	18
’20	10	9	11	189	219

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	43	78	—	—	—
’25	49	71	85	11	216
’24	(11)	41	39	157	225
’23	9	70	87	17	183
’22	16	19	53	37	125
’21	(33)	(8)	(17)	1	(57)
’20	7	7	9	80	103

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.13	0.16	—	—	—
’25	(0.04)	0.06	0.33	0.06	0.42
’24	(0.04)	0.01	(0.03)	(0.21)	(0.29)
’23	(0.42)	(0.18)	(0.10)	(0.42)	(1.08)
’22	(0.01)	(0.24)	(0.12)	(0.75)	(1.12)
’21	(0.09)	(0.04)	(0.02)	(0.91)	(1.06)
’20	(0.10)	(0.01)	(0.06)	0.37	0.20

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	—	—	12.63	26.40	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	—	—	29.99	51.02
People
People	Employees	—	—	—	—	—	100	113	110	114	121
	Revenue/emp, $m	—	0.00	0.00	0.00	0.00	12.82	14.54	16.97	18.16	18.68
Income, $m
Income, $m	Revenue	—	33	84	1,223	1,244	1,282	1,643	1,867	2,071	2,260
	Gross margin, %	—	65.51	50.84	18.10	17.54	16.64	18.38	16.44	17.56	18.37
	EBT	—	1	(9)	1	6	(52)	(73)	(76)	(34)	49
	EBT margin, %	—	1.52	(10.16)	0.05	0.46	(4.08)	(4.43)	(4.08)	(1.64)	2.15
	Net income	—	1	(9)	(1)	9	(53)	(73)	(77)	(36)	71
	Depreciation	—	14	34	141	130	157	224	248	222	225
Per share, $
Per share, $	Revenue	—	1.20	1.54	6.72	27.66	25.60	24.97	28.26	15.85	13.61
	Earnings	—	0.02	(0.16)	0.00	0.20	(1.06)	(1.12)	(1.08)	(0.29)	0.42
	Cash flow	—	0.45	0.28	0.65	4.87	0.36	2.25	1.49	1.35	1.77
	Capex	—	(0.04)	(0.08)	(0.50)	(2.57)	(1.50)	(0.35)	1.28	0.38	(0.47)
	Free cash flow	—	0.41	0.20	0.14	2.30	(1.14)	1.89	2.77	1.73	1.30
	Book value	—	0.00	10.17	3.24	23.00	35.08	23.82	21.58	17.64	20.24
	Shares, m	—	28	55	182	45	50	66	66	131	166
Valuation, ×
Valuation, ×	P/E	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	114.78
	P/S	—	0.47	0.47	0.47	0.47	0.47	0.47	0.47	1.79	3.46
	P/B	—	0.61	0.61	0.61	0.61	0.61	0.61	0.61	1.61	2.33
	EV/Sales	—	1.79	1.79	1.79	1.79	1.79	1.79	1.79	2.56	4.08
	EV/FCF	—	18.28	18.28	18.28	18.28	18.28	18.28	18.28	23.49	42.64
Cash, $m
Cash, $m	Operating cash flow	—	12	15	117	219	18	148	99	176	294
	Capex	—	(1)	(4)	(92)	(116)	(75)	(23)	85	49	(78)
	Free cash flow	—	11	11	26	103	(57)	125	183	225	216
Balance, $m
Balance, $m	Working capital	—	—	(290)	(409)	(762)	(1,166)	(1,276)	(1,191)	(612)	(511)
	Total debt	—	—	292	423	1,683	2,356	2,560	2,568	1,705	1,551
	Net debt	—	—	277	407	1,530	2,230	2,448	2,477	1,582	1,399
	Shareholders’ equity	—	—	558	590	1,034	1,757	1,568	1,425	2,304	3,361
Returns, %
Returns, %	ROA	—	0.00	(1.86)	(0.51)	0.10	(1.22)	(1.74)	(1.53)	(0.83)	1.41
	ROIC	—	0.00	(0.13)	5.04	2.24	0.38	1.34	1.14	2.09	2.15
	ROE	—	0.00	0.00	(0.87)	0.27	(3.42)	(4.89)	(4.78)	(2.03)	2.46

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VTR Ventas, Inc.	$44.5B	156×	133×	+21.73% (above 0%: growing)	−6.67% (below 0%: shrinking)	+13.60% (above 0%: growing)	95.22%	13.43%	Compare
OHI Omega Healthcare Investors, Inc.	$13.8B	16.1×	22.5×	+16.19% (above 0%: growing)	+163.04% (above 0%: growing)	+710.56% (above 0%: growing)	100.00%	57.45%	Compare
DOC Healthpeak Properties, Inc.	$13.4B	54.2×	71.3×	+11.12% (above 0%: growing)	+60.00% (above 0%: growing)	−30.47% (below 0%: shrinking)	56.83%	16.18%	Compare
AHR American Healthcare REIT, Inc.	$11.6B	78.3×	80.1×	+24.29% (above 0%: growing)	+166.67% (above 0%: growing)	+9.53% (above 0%: growing)	20.35%	6.29%
CTRE CareTrust REIT, Inc.	$8.7B	23.0×	25.4×	+43.46% (above 0%: growing)	+5.56% (above 0%: growing)	+88.99% (above 0%: growing)	98.66%	67.53%	Compare
HR Healthcare Realty Trust Incorporated	$6.0B	— (loss-making)	— (loss-making)	−5.26% (below 0%: shrinking)	n/m	−28.80% (below 0%: shrinking)	64.88%	13.83%	Compare
SBRA Sabra Healthcare REIT, Inc.	$4.9B	74.4×	27.3×	+24.70% (above 0%: growing)	n/m	−666.09% (below 0%: shrinking)	100.00%	(13.59%)	Compare
NHI National Health Investors, Inc.	$3.2B	19.1×	20.2×	+33.81% (above 0%: growing)	+45.57% (above 0%: growing)	+2,585.45% (above 0%: growing)	72.18%	41.09%	Compare
LTC LTC Properties, Inc.	$2.3B	15.9×	18.8×	+64.11% (above 0%: growing)	+72.73% (above 0%: growing)	−213.92% (below 0%: shrinking)	100.00%	31.24%	Compare
Median of peers	$7.3B	23.0×	25.4×	+23.22%	+52.78%	−7.60%	96.94%	23.71%

All 16 Reit Healthcare Facilities stocks →

American Healthcare REIT, Inc. (AHR) key facts

Strength: American Healthcare REIT, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 9.15% from fiscal 2024.
American Healthcare REIT, Inc. (AHR) is a Reit Healthcare Facilities company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, AHR traded at $53.23, a market capitalization of $11.6 billion.
American Healthcare REIT, Inc. pays an annual dividend of $1.00 per share, a yield of 1.88%, with a payout ratio of 147.1%.
Return on equity was 2.46% and debt-to-equity 0.39.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.