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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%
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 (above 35: high)
Fwd P/E 80.10 (above 35: high)
P/S ratio 4.10
P/B ratio 2.74
Past 5Y EPS Growth 16.35% (at or above 15%: strong)
This Y EPS Growth 41.59% (at or above 15%: strong)
Next Y EPS Growth 30.93% (at or above 15%: strong)
Next Y revenue growth 22.91% (at or above 10%: strong)
Next 5Y EPS Growth 29.37% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.6×, against a ten-year median of 3.4×; over the ten years it ranged from 1.7× in 2024 to 4.8× in 2026.

Dividends

Payout Ratio 1.47
Annual Dividend Rate 1.00
Annual Dividend Yield 1.88%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.01
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

American Healthcare REIT, Inc. vs peers in Reit Healthcare Facilities (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

American Healthcare REIT, Inc. (AHR) Latest News

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stockrow.com/AHR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com