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

• Market Cap: $9.52B
• Dividend Yield: 1.97%
• Average Volume (3M): 2.01M
• Price to Earnings (P/E): 360.7
• Beta (1Y): 0.58
• Revenue Growth: 11.81%
• EPS Growth: N/A
• Country: US
• Employees: 114
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Healthcare Facilities
• EPS (TTM): 0.33
• Shares Outstanding: 185,511,050
• 10 Day Avg. Volume: 2,649,753
• 30 Day Avg. Volume: 2,006,267
• PEG Ratio: 1.34
• Price to Book (P/B): 1.64
• Price to Sales (P/S): 1.79
• P/FCF Ratio: 44.12
• Enterprise Value/Market Cap: 0.91
• Enterprise Value/Revenue: 3.95
• Enterprise Value/Gross Profit: 19.09
• Enterprise Value/Ebitda: 29.69
• 1Y Price Target: $55.20
• Price Target Upside: 8.70% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): 0.49
• Revenue Forecast (FY): $2.25B

• Rating: 68 Neutral
• Price Target: $52.00 ▲(2.40% Upside)

American Healthcare REIT, Inc. shows strong earnings call performance with significant growth and improved guidance, which is the most significant factor driving the score. Technical analysis supports a bullish trend, though valuation concerns due to a high P/E ratio temper the outlook. Financial performance is stable but highlights the need for improved profitability.

Positive Factors

Revenue Growth

Consistent same-store NOI growth indicates strong demand for AHR's properties, enhancing revenue stability and supporting long-term growth.

Acquisition Strategy

Strategic acquisitions and partnerships expand AHR's portfolio and geographic reach, strengthening its market position and growth potential.

Debt Management

Improved debt metrics enhance financial flexibility, reducing risk and supporting future investment opportunities and growth initiatives.

Negative Factors

Profitability Concerns

Low profitability limits reinvestment capacity and shareholder returns, posing a challenge to sustainable growth and financial health.

Medicare Rate Growth Challenges

Slower Medicare rate growth could impact revenue from healthcare facilities, affecting AHR's ability to maintain its growth trajectory.

Seasonality Impact

Potential seasonal impacts on occupancy could affect revenue consistency, posing a risk to maintaining growth momentum in the short term.

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 generates revenue primarily through rental income from its portfolio of healthcare properties. The company enters into long-term lease agreements with operators of senior living facilities, skilled nursing homes, and medical offices, which provides a steady stream of rental payments. Additionally, AHR may earn revenue from property management services and potential capital appreciation of its real estate assets. The company's revenue model is supported by strategic partnerships with established healthcare operators, which enhances its ability to secure long-term leases and ensures that its properties are well-managed and occupied. Market demand for healthcare services and demographic trends, such as an aging population, further contribute to AHR's revenue stability and growth prospects.

American Healthcare REIT, Inc. Financial Statement Overview

Summary

American Healthcare REIT, Inc. demonstrates a 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	2.20B	2.07B	1.86B	1.62B	1.26B	1.18B
Gross Profit	454.97M	416.77M	356.83M	335.97M	182.01M	158.58M
EBITDA	292.57M	315.48M	324.26M	233.76M	159.43M	165.14M
Net Income	27.26M	-37.81M	-71.47M	-81.30M	-47.79M	2.16M
Balance Sheet
Total Assets	4.77B	4.49B	4.58B	4.79B	4.58B	3.23B
Cash, Cash Equivalents and Short-Term Investments	147.36M	76.70M	43.45M	65.05M	81.60M	113.21M
Total Debt	1.70B	1.87B	3.02B	2.83B	2.50B	1.88B
Total Liabilities	2.05B	2.18B	3.12B	3.14B	2.75B	2.16B
Stockholders Equity	2.68B	2.26B	1.27B	1.40B	1.58B	866.11M
Cash Flow
Free Cash Flow	269.10M	84.15M	-1.26M	76.25M	-61.78M	90.85M
Operating Cash Flow	298.79M	176.09M	98.53M	147.77M	17.91M	219.16M
Investing Cash Flow	-286.11M	-8.73M	9.40M	-118.58M	-138.65M	-147.94M
Financing Cash Flow	55.06M	-134.74M	-129.06M	-42.92M	94.11M	-8.81M

American Healthcare REIT, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 50.78
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 50.78 is above the 20-day moving average (MA) of 48.35, above the 50-day MA of 44.72, and above the 200-day MA of 37.04, indicating a bullish trend. The MACD of 1.48 indicates Negative momentum. The RSI at 71.01 is Negative, neither overbought nor oversold. The STOCH value of 76.87 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	79 Outperform	$8.36B	27.90	8.13%	3.45%	59.25%	88.37%
NHI	77 Outperform	$3.79B	25.05	10.87%	4.81%	8.04%	9.20%
OHI	76 Outperform	$13.57B	25.80	11.28%	5.84%	13.50%	31.56%
SBRA	74 Outperform	$4.86B	26.83	6.29%	6.15%	8.12%	75.95%
AHR	68 Neutral	$9.52B	360.65	1.12%	1.97%	11.81%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
HR	57 Neutral	$6.41B	―	-7.26%	6.03%	-6.59%	33.35%

American Healthcare REIT, Inc. Corporate Events

American Healthcare REIT Reports Robust Earnings Growth

The latest earnings call from American Healthcare REIT, Inc. painted a picture of robust performance and strategic growth, despite some anticipated challenges. The company reported significant growth in same-store NOI and highlighted successful acquisition strategies. Improvements in debt metrics and an increased guidance for 2025 were also key takeaways. However, the company acknowledged potential growth headwinds from slower Medicare rate increases and possible seasonal impacts.

American Healthcare REIT, Inc. Reports Strong Q3 2025 Results

American Healthcare REIT, Inc. is a real estate investment trust that acquires, owns, and operates a diversified portfolio of clinical healthcare real estate, focusing primarily on senior housing communities, skilled nursing facilities, and outpatient medical buildings across the United States, the United Kingdom, and the Isle of Man.

American Healthcare REIT Reports Strong Q3 2025 Results

On November 6, 2025, American Healthcare REIT, Inc. announced its third quarter 2025 results, highlighting a GAAP net income of $55.9 million and a 16.4% growth in Same-Store Net Operating Income compared to the same period in 2024. The company also reported significant acquisition activity, closing over $575 million in new acquisitions year-to-date, and increased its full-year 2025 guidance due to strong performance in its senior housing and integrated senior health campuses segments. The announcement reflects the company’s strategic growth and favorable market conditions, positioning it well for continued expansion and stakeholder value enhancement.

The most recent analyst rating on (AHR) stock is a Hold with a $51.00 price target. To see the full list of analyst forecasts on American Healthcare REIT, Inc. stock, see the AHR Stock Forecast page.

American Healthcare REIT Announces Quarterly Distribution

On September 18, 2025, American Healthcare REIT, Inc. announced a quarterly distribution of $0.25 per share for the third quarter of 2025, covering the period from July 1 to September 30. This distribution, equating to an annualized rate of $1.00 per share, will be paid in cash on or about October 17, 2025, to stockholders of record as of September 30, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its investors and may influence its market positioning within the healthcare real estate sector.

The most recent analyst rating on (AHR) stock is a Buy with a $48.00 price target. To see the full list of analyst forecasts on American Healthcare REIT, Inc. stock, see the AHR Stock Forecast page.

American Healthcare REIT Reports Strong Earnings Call

American Healthcare REIT, Inc. recently held its earnings call, revealing a generally positive sentiment characterized by strong financial performance. The company reported significant same-store NOI growth, successful acquisitions, and improved leverage metrics. Noteworthy achievements include obtaining the Great Place to Work Certification and increasing Medicare Advantage concentration. Despite these positives, challenges were noted in the outpatient medical segment and the complexities of navigating fragmented Medicare Advantage contracts. Overall, the positive aspects of the earnings call significantly outweighed the challenges.