American Healthcare Reit Inc (AHR) financials
American Healthcare Reit revenue and earnings by year
American Healthcare Reit's revenue was $2.26 billion in the fiscal year to December 31, 2025, up 9.1% from the year before. Net income was $69.8 million, 3.1% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 10.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 2.26 | 2.07 | 1.87 | 1.64 | 1.28 | 1.24 | 1.22 |
| Revenue growth | 9.1% | 10.9% | 13.6% | 28.1% | 3.1% | 1.7% | — |
| Operating income | 0.16 | 0.13 | 0.07 | 0.09 | 0.02 | 0.09 | 0.08 |
| Operating margin | 7.2% | 6.3% | 3.8% | 5.2% | 1.9% | 7.4% | 6.6% |
| Net income | 0.07 | -0.04 | -0.07 | -0.08 | -0.05 | 0.00 | -0.00 |
| Net margin | 3.1% | -1.8% | -3.8% | -4.9% | -3.7% | 0.2% | -0.4% |
| Diluted EPS | $0.42 | -$0.29 | -$1.08 | -$1.24 | -$0.95 | — | — |
| Free cash flow | -0.67 | 0.17 | 0.06 | 0.05 | -0.14 | 0.07 | -0.01 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AHR in Markets.
How American Healthcare Reit makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Integrated Senior Health Campuses | $513M | 80.8% |
| SHOP | $122M | 19.2% |
See also: AHR valuation and P/E history · AHR returns
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Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.