The earnings call presented a strong performance with significant NOI growth, successful acquisitions, and improved financial metrics. Challenges were noted in the outpatient medical segment and potential seasonal slowdowns in Trilogy, but these were overshadowed by positive developments.

Company Guidance

During the American Healthcare REIT's second-quarter 2025 earnings call, the company reported a robust set of results and provided updated guidance reflecting their strong performance. Notably, they delivered a 13.9% growth in total portfolio same-store NOI compared to the same period in 2024 and anticipate sustaining double-digit NOI growth for the rest of the year. Their acquisition strategy has been active, with $255 million in acquisitions closed year-to-date, contributing to a pipeline exceeding $300 million. The REIT plans to continue this momentum, focusing on high-quality long-term care assets. Financially, the company's net debt to EBITDA improved to 3.7x from 4.5x at the end of March 2025. The company raised its full-year 2025 NFFO per share guidance to a range of $1.64 to $1.68, up from $1.58 to $1.64, driven by strong organic growth. The guidance for total same-store NOI growth was also increased to a range of 11% to 14%. Additionally, the REIT's operations team has achieved notable progress in occupancy and rate growth, particularly within their Trilogy segment, which saw a 18.3% increase in same-store NOI year-over-year.

Strong NOI Growth

American Healthcare REIT delivered 13.9% total portfolio same-store NOI growth in Q2 2025 compared to the same period in 2024. Trilogy segment saw 18.3% same-store NOI growth year-over-year.

Successful Acquisitions and Pipeline

The company completed approximately $255 million in acquisitions year-to-date and maintains a pipeline of over $300 million in awarded deals.

Leverage Improvement

Net debt to EBITDA improved to 3.7x at the end of Q2 2025 from 4.5x on March 31, 2025.

Increased 2025 Guidance

Full-year 2025 NFFO per share guidance was raised to a range of $1.64 to $1.68 from a previous range of $1.58 to $1.64.

Great Place to Work Certification

American Healthcare REIT was awarded the Great Place to Work Certification, recognizing the company's strong workplace culture.

Medicare Advantage Growth

Trilogy's concentration of Medicare Advantage increased to 7.2% of resident days compared to 5.8% a year ago, contributing to higher revenue per resident day.

American Healthcare REIT, Inc. (AHR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AHR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	0.15 / -	-0.03	―	―	―
Aug 07, 2025	2025 (Q2)	0.12 / 0.06	0.01	500.00% (+0.05)
May 08, 2025	2025 (Q1)	0.05 / -0.04	-0.04	0.00% (0.00)
Feb 27, 2025	2024 (Q4)	0.08 / -0.21	-0.42	50.00% (+0.21)
Nov 12, 2024	2024 (Q3)	>-0.01 / -0.03	-0.09	66.67% (+0.06)
Aug 05, 2024	2024 (Q2)	0.00 / 0.01	―	―
May 13, 2024	2024 (Q1)	-0.35 / -0.04	―	―
Mar 21, 2024	2023 (Q4)	-0.31 / -0.42	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AHR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$39.86	$40.51	+1.63%
May 08, 2025	$31.99	$34.69	+8.44%
Feb 27, 2025	$29.72	$29.34	-1.28%
Nov 12, 2024	$25.29	$26.16	+3.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does American Healthcare REIT, Inc. (AHR) report earnings?

American Healthcare REIT, Inc. (AHR) is schdueled to report earning on Nov 18, 2025, After Close (Confirmed).

What is American Healthcare REIT, Inc. (AHR) earnings time?

American Healthcare REIT, Inc. (AHR) earnings time is at Nov 18, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is AHR EPS forecast?

AHR EPS forecast for the fiscal quarter 2025 (Q3) is 0.15.

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