AHRNYSE—63

American Healthcare REIT, Inc.

Specialized REITsVerified

American Healthcare REIT, Inc. (AHR) is currently classified as Specialized REITs within Specialized REITs (Real Estate). Classification confidence: 0.92 (verified market data). Capital structure on the latest snapshot: total assets 5,426,226,000 USD, total equity 3,320,638,000, short-term debt 0, long-term debt 0. Net cash position is approximately 114,836,000 USD. Profitability profile: revenue 2,094,506,000, gross profit 0, operating income 415,160,000, net income 69,806,000. Return on equity ~2.1%. Return on assets ~1.3%. Operating-cash-flow to net-income ratio is 4.22. Risk profile from automated assessment: liquidity risk low, dilution risk medium. Flags: Source documents mention dilution or offering risk..

30-day price · AHR+1.09 (+2.2%)

Low$46.68High$52.45Close$49.94As of18 May, 00:00 UTC

Profile

CompanyAmerican Healthcare REIT, Inc.

ExchangeNYSE

TickerAHR

CIK0001632970

SICReal Estate Investment Trusts

SectorReal Estate

BusinessReal Estate

Industry groupReal Estate

IndustrySpecialized REITs

AI analysis

Business. American Healthcare REIT, Inc. is classified under Real Estate / Specialized REITs and appears profitable on the latest normalized snapshot.

Classification. Classification confidence is 0.92 based on verified market data; matched terms: Specialized REITs, Real Estate, Real Estate.

Key takeaways

Return on equity is about 2.1%.
Debt to equity is about 0.0x.
Public Offering and Listing On February 9, 2024, pursuant to a Registration Statement filed with the United States Securities and Exchange Commission, or SEC, on Form S-11 (File No.

Financial snapshot

PeriodFY2025

CurrencyUSD

Revenue$2.09B

Gross profit—

Operating income$415.2M

Net income$69.8M

R&D—

SG&A$58.7M

D&A$187.6M

SBC$14.6M

Operating cash flow$294.4M

CapEx—

Free cash flow—

Total assets$5.43B

Total liabilities$2.07B

Total equity$3.32B

Cash & equivalents$114.8M

Long-term debt—

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY2025$2.09B$415.2M$69.8M—

FY2024$1.88B$363.5M-$37.8M—

FY2025$1.88B$363.5M-$37.8M—

FY2023$1.67B$306.8M-$71.5M—

FY2024$1.67B$306.8M-$71.5M—

PeriodGross %Op %Net %FCF %

FY2025————

FY2024————

FY2025————

FY2023————

FY2024————

PeriodAssetsEquityCashDebt

FY2025$5.43B$3.32B$114.8M—

FY2024$4.49B$2.26B$76.7M—

FY2025$4.49B$2.26B$76.7M—

FY2023$4.58B$1.27B$43.4M—

FY2024$4.58B$1.27B$43.4M—

PeriodOCFCapExFCFSBC

FY2025$294.4M——$14.6M

FY2024$176.1M——$9.9M

FY2025$176.1M——$9.9M

FY2023$98.5M——$5.5M

FY2024$98.5M——$5.5M

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

Q3 2025$1.53B$303.6M$59.0M—

Q2 2025$998.5M$197.8M$3.1M—

Q3 2025————

Q1 2025$497.2M$94.5M-$6.8M—

PeriodGross %Op %Net %FCF %

Q3 2025————

Q2 2025————

Q3 2025————

Q1 2025————

PeriodAssetsEquityCashDebt

Q3 2025$4.77B$2.68B$147.4M—

Q2 2025$4.51B$2.42B$133.5M—

Q3 2025—$2.46B——

Q1 2025$4.46B$2.26B$86.1M—

PeriodOCFCapExFCFSBC

Q3 2025$239.3M——$9.2M

Q2 2025$132.1M——$5.7M

Q3 2025————

Q1 2025$60.6M——$2.6M

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$3.00B

Net cash$114.8M

Current ratio—

Debt/Equity0.0

ROA1.3%

ROE2.1%

Cash conversion4.2%

CapEx/Revenue—

SBC/Revenue0.7%

Asset intensity—

Dilution ratio—

Risk assessment

Dilution riskMedium

Liquidity riskLow

Source documents mention dilution or offering risk.

Industry benchmarks

Activity: Specialized REITs · cohort 3 companies

MetricAHRActivity

Op margin19.8%18.9% medp25 13.4% · p75 49.5%above median

Net margin3.3%13.9% medp25 -6.1% · p75 46.4%below median

Gross margin—70.1% medp25 43.3% · p75 88.7%

R&D / revenue—0.1% medp25 0.1% · p75 0.1%

CapEx / revenue—11.6% medp25 8.2% · p75 189.5%

Debt / equity0.0%77.3% medp25 46.7% · p75 158.8%bottom quartile

Observations

IR observations

market data ESG controversies score100.0

market data ESG governance pillar51.9

market data ESG social pillar34.7

market data insider trading score3.0

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

SEC filingstype companyfacts · CIK 0001632970 · 406 us-gaap concepts

data.sec.gov/CIK0001632970.json

2026-05-01 11:54 UTC#406bb74a

Source: analysis-pipeline (hybrid)Generated: 2026-05-01 11:55 UTCJob: d04e39b6