AHR
American Healthcare REIT, Inc.
NYSE: AHR · REAL ESTATE · REIT - HEALTHCARE FACILITIES
$50.21
-0.22% today
Updated 2026-04-29
Market cap
$9.63B
P/E ratio
119.55
P/S ratio
4.27x
EPS (TTM)
$0.42
Dividend yield
1.99%
52W range
$31 – $54
Volume
2.5M
American Healthcare REIT, Inc. (AHR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $980.29M | $1.05B | $1.13B | $1.22B | $1.18B | $1.26B | $1.62B | $1.86B | $2.07B | $2.26B |
| Revenue growth (YoY) | — | +7.0% | +7.8% | +7.9% | -3.0% | +6.7% | +28.0% | +14.9% | +11.4% | +9.1% |
| Cost of revenue | $800.10M | $837.64M | $923.82M | $1.00B | $1.03B | $1.08B | $1.28B | $1.50B | $1.65B | $2.22B |
| Gross profit | $180.19M | $211.60M | $207.56M | $219.30M | $158.58M | $182.01M | $335.97M | $356.83M | $416.77M | $39.69M |
| Gross margin | 18.4% | 20.2% | 18.3% | 18.0% | 13.4% | 14.4% | 20.8% | 19.2% | 20.1% | 1.8% |
| R&D | $2.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $28.68M | $32.17M | $28.42M | $29.75M | $27.01M | $43.20M | $103.10M | $104.98M | $100.80M | $58.73B |
| Operating income | $151.51M | $179.43M | $179.14M | $189.55M | $131.57M | $138.81M | $90.59M | $76.72M | $136.78M | $167.83M |
| Operating margin | 15.5% | 17.1% | 15.8% | 15.5% | 11.1% | 11.0% | 5.6% | 4.1% | 6.6% | 7.4% |
| EBITDA | $152.15M | $179.41M | $179.38M | $218.26M | $165.14M | $159.43M | $233.76M | $324.26M | $315.48M | $321.98M |
| EBITDA margin | 15.5% | 17.1% | 15.9% | 17.9% | 13.9% | 12.6% | 14.5% | 17.4% | 15.2% | 14.2% |
| EBIT | $-120.06M | $65.79M | $83.11M | $78.14M | $32.71M | $5.62M | $33.16M | $86.97M | $93.84M | $134.42M |
| Interest expense | $45.66M | $60.87M | $66.28M | $78.55M | $71.28M | $80.94M | $105.96M | $163.19M | $127.73M | $85.78M |
| Income tax | $343000.00 | $-3.23M | $8000.00 | $-8000.00 | $-3.08M | $956000.00 | $586000.00 | $663000.00 | $1.71M | — |
| Effective tax rate | -0.2% | -40.4% | 0.1% | 0.2% | 336.4% | -2.0% | -0.7% | -0.9% | -4.7% | 0.0% |
| Net income | $-146.03M | $11.22M | $13.30M | $-4.96M | $2.16M | $-47.79M | $-81.30M | $-71.47M | $-37.81M | $69.81M |
| Net income growth (YoY) | — | +107.7% | +18.5% | -137.3% | +143.6% | -2309.6% | -70.1% | +12.1% | +47.1% | +284.6% |
| Profit margin | -14.9% | 1.1% | 1.2% | -0.4% | 0.2% | -3.8% | -5.0% | -3.8% | -1.8% | 3.1% |