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Companies / Real Estate / American Healthcare REIT, Inc.
AHR

American Healthcare REIT, Inc.

Real EstateREITs
Ticker AHRIRVINE, CAFiscal year ends DecemberBook value per share $19.37Diluted shares 190.7M

American Healthcare REIT, Inc. (NYSE: AHR) operates as a self-managed real estate investment trust focused on acquiring, owning and operating a diversified portfolio of clinical healthcare real estate properties throughout the United States, the United Kingdom and the Isle of Man. The company maintains its principal… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.09B
+11.2% year over year
Last 12 mo $2.34B
0.00%
$70.82M
+298.9% year over year
Last 12 mo $122.57M
2.26%
+3.9 percentage points
Last 12 mo 3.28%
Cash & financing
$294.44M
+67.2% year over year
Last 12 mo $362.04M
$165.88M
+97.1% year over year
Last 12 mo $195.55M
0.46
Was 0.74× a year earlier
Last 12 mo 0.39
166.8M
+27.7% year over year
Last 12 mo 190.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What American Healthcare REIT, Inc. does

In the company’s own words

American Healthcare REIT, Inc. (NYSE: AHR) operates as a self-managed real estate investment trust focused on acquiring, owning and operating a diversified portfolio of clinical healthcare real estate properties throughout the United States, the United Kingdom and the Isle of Man. The company maintains its principal operations through American Healthcare REIT Holdings, LP, its operating partnership. More information about the company is available at www.AmericanHealthcareREIT.com.

The company's business model centers on generating current income and capital appreciation through strategic real estate investments while maintaining financial flexibility and making regular cash distributions to stockholders. American Healthcare REIT operates through four reportable business segments: Integrated Senior Health Campuses (ISHC), Outpatient Medical (OM), Senior Housing Operating Properties (SHOP), and triple-net leased properties. As of December 31, 2025, the company owned and operated 147 ISHC facilities, 74 OM buildings, 97 senior housing and skilled nursing facilities in its SHOP segment, and six SNFs plus eleven senior housing facilities and two hospitals within its triple-net leased properties segment.

The ISHC segment provides a continuum of care including independent living, assisted living, memory care and skilled nursing services within single campus settings, predominantly operated under RIDEA structures that allow the company to participate in operational upside while bearing operational risks. The OM segment consists of multi-tenant medical office buildings leased to healthcare providers under long-term leases with expense recovery provisions. The SHOP segment operates senior housing and skilled nursing facilities serving elderly populations with varying care needs. Triple-net leased properties generate stable income through tenant-paid operating expenses and capital expenditures.

American Healthcare REIT maintains a fully-integrated management platform with approximately 121 employees as of December 31, 2025. The company has elected to be taxed as a REIT for U.S. federal income tax purposes and distributes at least 90 percent of REIT taxable income to stockholders annually. The company may invest opportunistically in real estate-related investments including mortgage loans, mezzanine loans and bridge loans on an infrequent basis. American Healthcare REIT pursues growth through disciplined acquisitions, selective development partnerships, organic growth from its long-term care portfolio and active balance sheet positioning.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
IRVINE, CA
Fiscal year end
December
CIK
1632970
SIC
6798

Financial performance, year by year

Fiscal 2016–2025 · USD
$-318.22M$405.78M$1.13B$1.85B$2.58B2016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns American Healthcare REIT, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

443
funds hold it
0 of 35
superinvestors hold it
$4.53B
held by funds, at market
40.5%
of shares held by funds

Largest fund holders · American Healthcare REIT, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.28%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
0.48%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.13%of fund net assets
VANGUARD SMALL-CAP GROWTH INDEX FUND
VBK · VANGUARD INDEX FUNDS
0.31%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do American Healthcare REIT, Inc. and its peers compare on margins and cash generation over ten years?”
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