American Healthcare REIT, Inc. (AHR) AI Stock Analysis

• Market Cap: $7.29B
• Dividend Yield: 2.34%
• Average Volume (3M): 1.46M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.60
• Revenue Growth: 11.62%
• EPS Growth: N/A
• Country: US
• Employees: 114
• Sector: General
• Sector Strength: N/A
• Industry: REIT - Healthcare Facilities
• EPS (TTM): 0.06
• Shares Outstanding: 168,575,210
• 10 Day Avg. Volume: 1,606,490
• 30 Day Avg. Volume: 1,459,264
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.03
• Enterprise Value/Revenue: 3.49
• Enterprise Value/Gross Profit: 16.94
• Enterprise Value/Ebitda: 25.95
• 1Y Price Target: $44.91
• Price Target Upside: 5.10% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11

• Rating: 70 Neutral
• Price Target: $46.00 ▲(7.65% Upside)

American Healthcare REIT, Inc. scores a 69.5, driven by strong earnings call results and positive technical indicators. The company's financial performance is mixed, with strong cash flow but negative profitability metrics. Valuation concerns due to a negative P/E ratio are offset by a reasonable dividend yield. The stock's bullish momentum is tempered by overbought technical indicators, suggesting caution.

Positive Factors

Earnings

The stock price is expected to react positively due to a solid earnings beat and one of the biggest guidance raises this quarter.

Growth Potential

The $300 million acquisition pipeline of deals already awarded to AHR could drive additional growth.

Market Position

AHR is uniquely positioned to outperform over the foreseeable future given its exposure to senior housing RIDEA assets, which are believed to carry some of the best fundamentals in real estate.

Negative Factors

Earnings Report

The income statement published in the earnings press release is missing values for Loss from unconsolidated entities.

Financial Estimates

Lowering FFO Estimates due to recent property dispositions and equity offering.

Financial Performance

1Q total portfolio Same-Store NOI was 15.1% compared to 21.6% in the prior quarter.

American Healthcare REIT, Inc. Business Overview & Revenue Model

Company Description

Formed by the successful merger of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV, as well as the acquisition of the business and operations of American Healthcare Investors, American Healthcare REIT is one of the larger healthcare-focused real estate investment trusts globally with assets totaling approximately $4.2 billion in gross investment value. The company benefits from a fully integrated management platform comprised of more than one hundred experienced and skilled professionals, many of whom have worked together since 2006 and have successfully invested in and managed healthcare real estate through multiple market cycles. The management team has a proven track record, deep industry relationships and unparalleled insight into each of the company's assets having built and nurtured the company's international portfolio since its original property acquisition in 2014. The strength of the management team, coupled with the quality of the assets, has American Healthcare REIT poised to capitalize on compelling growth driven by powerful demographic trends. With its 19 million-square-foot, 312-building portfolio of medical office buildings, senior housing communities, skilled nursing facilities and integrated senior health campuses diversified across 36 states and the United Kingdom, the tri-party transaction was a critical step in ideally positioning American Healthcare REIT for a future public listing or IPO on a national stock exchange at the most opportune time. By listing the company's shares on a national exchange, we believe the company will gain greater access to attractive capital that will fuel future growth, broaden our investor base and also provide liquidity to our fellow stockholders. American Healthcare REIT, Inc. operates as a subsidiary of Griffin Capital Company, LLC.

How the Company Makes Money

American Healthcare REIT, Inc. generates revenue primarily through leasing its healthcare properties to healthcare providers and operators. The company earns rental income from long-term leases, which are often structured with inflation escalators or rent increases over time. AHR also benefits from property appreciation and capital gains by strategically acquiring and disposing of assets within its portfolio. Additionally, the company may form joint ventures or partnerships with healthcare operators to enhance property management and operational efficiency, further contributing to its earnings.

American Healthcare REIT, Inc. Financial Statement Overview

Summary

American Healthcare REIT, Inc. shows mixed financial performance. Revenue growth is steady, and cash flow metrics are strong, indicating good operational cash management. However, profitability remains a concern with negative net income and return on equity. The company has improved its leverage position, but further efforts are needed to enhance profitability and shareholder returns.

Income Statement

The income statement shows a mixed performance. The TTM revenue growth rate is positive at 1.8%, indicating a steady increase in revenue. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -1.53% and a negative net income. The gross profit margin has improved significantly to 39.85% in the TTM, suggesting better cost management. EBIT and EBITDA margins are moderate, indicating operational efficiency but not translating into net profitability.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio has improved to 0.66 in the TTM, indicating a reduction in leverage compared to previous years. However, the return on equity remains negative at -1.43%, highlighting ongoing profitability challenges. The equity ratio is stable, suggesting a balanced asset structure, but the company needs to improve its return metrics to enhance shareholder value.

Cash Flow

Cash flow analysis shows positive trends, with a strong free cash flow growth rate of 34.63% in the TTM, indicating improved cash generation capabilities. The operating cash flow to net income ratio is high at 0.93, suggesting efficient cash conversion from operations. The free cash flow to net income ratio is also robust at 0.79, reflecting good cash flow management despite negative net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.15B	2.07B	1.86B	1.62B	1.26B	1.18B
Gross Profit	443.25M	416.77M	356.83M	335.97M	182.01M	158.58M
EBITDA	289.30M	315.48M	324.26M	233.76M	159.43M	165.14M
Net Income	-32.80M	-37.81M	-71.47M	-81.30M	-47.79M	2.16M
Balance Sheet
Total Assets	4.51B	4.49B	4.58B	4.79B	4.58B	3.23B
Cash, Cash Equivalents and Short-Term Investments	133.49M	76.70M	43.45M	65.05M	81.60M	113.21M
Total Debt	1.60B	1.87B	2.80B	2.83B	2.50B	1.88B
Total Liabilities	2.04B	2.18B	3.12B	3.14B	2.75B	2.16B
Stockholders Equity	2.42B	2.26B	1.27B	1.40B	1.58B	866.11M
Cash Flow
Free Cash Flow	153.09M	84.15M	-1.26M	76.25M	-61.78M	90.85M
Operating Cash Flow	254.73M	176.09M	98.53M	147.77M	17.91M	219.16M
Investing Cash Flow	-38.06M	-8.73M	9.40M	-118.58M	-138.65M	-147.94M
Financing Cash Flow	-144.33M	-134.74M	-129.06M	-42.92M	94.11M	-8.81M

American Healthcare REIT, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 42.73
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AHR, the sentiment is Positive. The current price of 42.73 is above the 20-day moving average (MA) of 41.70, above the 50-day MA of 39.19, and above the 200-day MA of 32.30, indicating a bullish trend. The MACD of 1.03 indicates Positive momentum. The RSI at 71.69 is Negative, neither overbought nor oversold. The STOCH value of 55.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AHR.

American Healthcare REIT, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTRE	80 Outperform	$7.61B	28.20	8.36%	3.68%	50.84%	104.44%
NHI	79 Outperform	$3.67B	24.66	10.49%	4.66%	6.87%	7.23%
SBRA	74 Outperform	$4.58B	24.99	6.66%	6.31%	6.89%	240.70%
AHR	70 Neutral	$7.29B	―	-1.51%	2.34%	11.62%	―
HR	61 Neutral	$6.15B	―	-7.59%	6.48%	-7.16%	23.40%
Sector *	55 Neutral	$6.29B	4.66	-20.95%	6.01%	10.84%	8.15%
MPW	49 Neutral	$2.67B	―	-25.97%	6.94%	27.66%	18.03%

American Healthcare REIT, Inc. Corporate Events

American Healthcare REIT’s New $1 Billion Equity Offering

On August 8, 2025, American Healthcare REIT, Inc. entered into a new ATM Equity Offering Sales Agreement with several financial institutions, allowing for the sale of up to $1 billion in common stock. This agreement replaces a prior offering program and aims to provide flexibility in raising capital based on market conditions and company needs, potentially impacting the company’s financial strategy and market presence.

American Healthcare REIT Reports Strong Q2 2025 Results

On August 7, 2025, American Healthcare REIT, Inc. announced its second quarter 2025 results, reporting a GAAP net income of $9.9 million and a significant growth in Same-Store Net Operating Income (NOI) of 13.9% compared to the same period in 2024. The company increased its full-year 2025 guidance due to strong performance in its senior housing and integrated senior health campuses segments. The company also completed several acquisitions and sales, including the purchase of a new senior housing operating property for $65 million and issuing shares through its equity offering program, raising substantial capital. These strategic moves are expected to enhance the company’s financial position and support its mission of providing high-quality care.

American Healthcare REIT Holds Annual Stockholders Meeting

On June 25, 2025, American Healthcare REIT, Inc. held its Annual Meeting of Stockholders where four key proposals were voted upon. The stockholders elected nine directors for a one-year term, ratified Deloitte & Touche as the independent accounting firm for 2025, approved executive compensation for 2024 on an advisory basis, and approved the 2025 Manager Equity Plan. These decisions reflect the company’s ongoing governance and strategic planning efforts, potentially impacting its operational and financial management in the coming year.

American Healthcare REIT Announces Quarterly Distribution

On June 20, 2025, American Healthcare REIT, Inc. announced a quarterly distribution of $0.25 per share for the second quarter of 2025, payable on or about July 18, 2025, to shareholders of record as of June 30, 2025. This distribution reflects an annualized rate of $1.00 per share and underscores the company’s commitment to providing returns to its investors, potentially enhancing its attractiveness in the real estate investment sector.