Loading…
Healthcare REIT owning senior housing, skilled nursing, medical office and other outpatient properties.
Healthcare REIT owning senior housing, skilled nursing, medical office and other outpatient properties.
In its senior housing operating properties the REIT collects the resident fees and shares the profit with the operator, a structure called RIDEA, so results follow occupancy and wages; skilled nursing and medical offices pay fixed rent under long leases. It came from the 2021 merger of two non-traded healthcare REITs and listed in 2024.
Moat: narrow (scale, installed base). Diversified property types and operator relationships aid occupancy but the sector is fragmented and competitive.
Headquarters: Irvine, California, United States · Founded: 2022 · Employees: 121
Size American Healthcare REIT (AHR) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $12.7B, the 670th largest of 3,117 United States companies the cockpit tracks. Shares closed at $57.91 on 6 Nov 2026.
Performance Over six months the shares gained 12.0%, against -3.0% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 16.4% over the last twelve months (peer median +4.4%); the operating margin is 6.8% (peer median 34.7%).
Valuation It trades at 3.05× book value against a peer median of 1.90× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 20.7%; American Healthcare REIT delivers 4.0%, so the price asks more than the business earns today.
Short interest Short interest is 15.2% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.50B | $2.26B | $2.07B | $1.88B | $1.65B |
| Revenue growth | — | +9% | +10% | +14% | — |
| Gross profit | $237M | $228M | $184M | $134M | -$146M |
| EBITDA | $415M | $356M | $317M | $268M | $262M |
| Net income | $121M | $69.8M | -$37.8M | -$71.5M | -$81.3M |
| Free cash flow | $196M | $166M | $84.3M | -$1.26M | $76.2M |
| Capital expenditure | $166M | $129M | $91.9M | $99.8M | $71.5M |
| Total debt | $1.57B | $1.65B | $1.87B | $2.77B | $2.85B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| American Healthcare REIT AHR | $12.7B | +12% | +16% | 4% | 3.05× | 20.7% |
| Welltower WELL | $180B | +15% | +39% | 4% | 3.69× | 24.4% |
| Ventas VTR | $47.9B | +2% | +22% | 2% | 2.97× | 20.2% |
| National Health Investors NHI | $3.50B | -5% | +24% | 11% | 2.23× | 13.0% |
| CareTrust REIT CTRE | $9.03B | -8% | +53% | 9% | 2.01× | 14.7% |
| Sabra Health Care REIT SBRA | $5.51B | +1% | +21% | 3% | 1.94× | 13.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AHR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.8% | +4.8% | highest of 21 |
| 6-month return | +12.0% | -3.0% | highest of 21 |
| Return on equity | 4.0% | 7.6% | 3rd lowest of 21 |
| Price / book | 3.05× | 1.90× | 3rd most expensive of 21 |
| Trailing P/E | 85.9× | 25.2× | 3rd most expensive of 18 |
| ROE the price implies | 20.7% | 14.9% | 4th most demanding of 21 |
| ROE delivered | 4.0% | 7.7% | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| American Healthcare REIT AHR | United States | $12.7B | +12% | +16% | 4% | 3.05× | 20.7% | 4.0% |
| Scentre SCG.AX | Australia | $13.1B | -1% | -4% | 10% | 0.97× | 11.6% | 10.4% |
| Equity LifeStyle Properties ELS | United States | $12.3B | 0% | +3% | 22% | 6.99× | 37.4% | 22.3% |
| Camden Property Trust CPT | United States | $13.4B | -3% | +1% | 8% | 2.68× | 18.2% | 7.8% |
| American Homes 4 Rent AMH | United States | $11.8B | +2% | +4% | 7% | 1.73× | 12.9% | 6.8% |
| Regency Centers REG | United States | $13.7B | -3% | +8% | 8% | 2.06× | 15.2% | 8.2% |
| Mid-America Apartment Communities MAA | United States | $13.8B | -8% | +1% | 7% | 2.45× | 16.1% | 7.0% |
| Link REIT 0823.HK | Hong Kong | $13.8B | +3% | -3% | -5% | 0.71× | 5.9% | -4.7% |
| UDR UDR | United States | $11.6B | -1% | +1% | 22% | 3.76× | 22.9% | 21.8% |
| Gaming and Leisure Properties GLPI | United States | $11.3B | -19% | +7% | 20% | 2.28× | 14.8% | 19.6% |
| Healthpeak Properties DOC | United States | $14.3B | +4% | +9% | 5% | 1.78× | 15.1% | 4.9% |
| Sun Communities SUI | United States | $14.4B | -4% | -19% | 5% | 2.76× | 18.4% | 5.3% |
| AGNC Investment AGNC | United States | $11.2B | -19% | +152% | 1% | 1.15× | 13.1% | 0.9% |
| Omega Healthcare Investors OHI | United States | $14.6B | +2% | +14% | 14% | 2.66× | 15.3% | 14.2% |
| CapitaLand Integrated Commercial Trust C38U.SI | Singapore | $14.6B | +2% | +5% | 8% | 1.09× | 6.1% | 7.6% |
| Annaly Capital Management NLY | United States | $14.8B | -17% | +23% | 7% | 1.05× | 11.8% | 7.3% |
| W. P. Carey WPC | United States | $15.0B | -12% | +9% | 8% | 1.71× | 12.9% | 7.7% |
| Weyerhaeuser WY | United States | $15.1B | -10% | -1% | 5% | 1.61× | 13.6% | 4.8% |
| EastGroup Properties EGP | United States | $10.4B | -6% | +10% | 9% | 2.92× | 22.3% | 8.9% |
| BXP BXP | United States | $10.4B | +11% | +3% | 10% | 2.00× | 17.2% | 10.4% |
| Invitation Homes INVH | United States | $15.6B | -5% | +5% | 7% | 1.79× | 13.6% | 7.4% |