American Healthcare REIT, Inc. (AHR) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, American Healthcare REIT reported revenue of $2.26B, up 20.0% from $1.88B the year before. Net income was $69.8M (a 3.1% net margin), or $0.42 per diluted share. Gross margin was 20.6% and operating margin was 18.4%. Operating activities generated $294.4M of cash. At fiscal year end, American Healthcare REIT held $5.43B in total assets against $2.07B in total liabilities, including $114.8M of cash and equivalents.
Open the full interactive American Healthcare REIT financials → Quarterly statements, key ratios, valuation history and price charts.
American Healthcare REIT Key Stats
| Share Price | $52.53 |
|---|---|
| Market Cap | $10.16B |
| P/E Ratio | 125.1 |
| Revenue YoY Growth | +20.0% |
| 52-Week Range | $40.46 – $57.44 |
| Shares Outstanding | 192.7 million (basic, 2026 Q2) |
American Healthcare REIT Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $67.8M | $1.12B | $1.41B | $1.67B | $1.88B | $2.26B |
| Cost of Goods Sold | $60.2M | $1.03B | $1.28B | $1.50B | $1.65B | $1.79B |
| Gross Profit | $7.6M | $93.7M | $130.6M | $166.4M | $229.9M | $466.6M |
| Operating Income | -$59.4M | $213.3M | $302.0M | $306.8M | $363.5M | $415.2M |
| Pre-Tax Income | -$18.9M | -$52.3M | -$72.8M | -$76.2M | -$33.9M | $48.6M |
| Income Tax | $0 | $956,000 | $586,000 | $663,000 | $1.7M | -$22.2M |
| Net Income | -$18.1M | -$47.8M | -$81.3M | -$71.5M | -$37.8M | $69.8M |
| Diluted EPS | -$0.22 | -$0.24 | -$1.24 | -$1.08 | -$0.29 | $0.42 |
American Healthcare REIT Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $572.9M | $604.1M | $650.8M | $674.2M |
| Net Income | $55.9M | $10.8M | $23.7M | $30.6M |
| Diluted EPS | $0.33 | $0.06 | $0.13 | $0.16 |
American Healthcare REIT Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $17.4M | $81.6M | $65.1M | $43.4M | $76.7M | $114.8M |
| Total Assets | $1.09B | $4.58B | $4.79B | $4.58B | $4.49B | $5.43B |
| Total Long-Term Debt | $494.7M | $2.32B | $2.51B | $2.53B | $1.67B | $1.52B |
| Total Liabilities | $540.4M | $2.75B | $3.14B | $3.12B | $2.18B | $2.07B |
| Shareholders' Equity | $549.0M | $1.58B | $1.40B | $1.27B | $2.26B | $3.32B |
American Healthcare REIT Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $35.5M | $17.9M | $147.8M | $98.5M | $176.1M | $294.4M |
| Cash From Investing | -$76.5M | -$138.7M | -$118.6M | $9.4M | -$8.7M | -$1.08B |
| Cash From Financing | $43.2M | $94.1M | -$42.9M | -$129.1M | -$134.7M | $817.2M |
| Free Cash Flow | — | — | $147.8M | $98.5M | — | — |
Figures from American Healthcare REIT's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full American Healthcare REIT financials page for every line item.
American Healthcare REIT Company Profile
| Ticker | AHR |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Irvine, California |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001632970 |
Frequently Asked Questions
What was American Healthcare REIT's revenue in fiscal 2025?
American Healthcare REIT (AHR) reported revenue of $2.26B for fiscal 2025.
What is American Healthcare REIT's annual revenue history?
American Healthcare REIT's annual revenue by fiscal year: 2020: $67.8M; 2021: $1.12B; 2022: $1.41B; 2023: $1.67B; 2024: $1.88B; 2025: $2.26B.
What was American Healthcare REIT's net income in fiscal 2025?
American Healthcare REIT reported net income of $69.8M for fiscal 2025.
What was American Healthcare REIT's earnings per share (EPS) in fiscal 2025?
American Healthcare REIT's diluted EPS was $0.42 for fiscal 2025 (adjusted for any later stock splits).
What was American Healthcare REIT's revenue last quarter?
In its most recent reported quarter (2026 Q2), American Healthcare REIT reported revenue of $674.2M.
How much debt does American Healthcare REIT have?
American Healthcare REIT reported $1.52B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of American Healthcare REIT are outstanding?
American Healthcare REIT reported a weighted average of 192.7 million basic shares outstanding in 2026 Q2.
What is American Healthcare REIT's market cap?
Based on its latest closing price, American Healthcare REIT (AHR) has a market capitalization of about $10.16B.
When does American Healthcare REIT's fiscal year end?
American Healthcare REIT's fiscal year end, as registered with the SEC, is December 31.
Where is American Healthcare REIT headquartered?
American Healthcare REIT lists its business address in Irvine, California in its SEC filings.