American Healthcare REIT, Inc. (AHR)

American Healthcare REIT Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property Revenue	2,095	1,884	1,669	1,412	1,124
Service and Other Revenue	165.62	186.87	197.88	231.02	158.32
Revenue	2,260	2,071	1,867	1,643	1,282
Revenue Growth (YoY)	9.15%	10.93%	13.60%	28.15%	3.05%
Property Expenses	1,794	1,654	1,502	1,282	1,030
Service and Other Expenses	51.43	53.24	57.48	59.68	38.73
Total Property Expenses	1,845	1,707	1,560	1,341	1,069
Gross Profit	415.16	363.54	306.83	301.97	213.34
Selling, General & Admin	63.84	54.7	53.31	47.81	56.22
Depreciation & Amortization Expenses	187.56	179.19	182.6	167.96	133.19
Operating Income	163.76	129.64	70.92	86.2	23.92
Net Gains on Disposal of Properties	-2.97	5.21	32.47	5.48	-0.1
Interest Income	-	-	-	1.41	-1.36
Interest Expense	-85.78	-127.73	-163.19	-105.96	-80.94
Other Non-Operating Income (Expense)	-26.38	-41.01	-16.43	-59.93	6.16
Total Non-Operating Income (Expense)	-115.12	-163.53	-147.15	-159	-76.24
Pretax Income	48.65	-33.89	-76.22	-72.8	-52.31
Provision for Income Taxes	22.17	-1.71	-0.66	0.59	0.96
Net Income	69.81	-37.81	-71.47	-81.3	-47.79
Minority Interest in Earnings	-1.01	-2.21	5.42	-7.92	5.48
Net Income to Common	69.81	-37.81	-71.47	-81.3	-47.79
Shares Outstanding (Basic)	166	131	66	66	50
Shares Outstanding (Diluted)	167	131	66	66	50
Shares Change (YoY)	27.72%	97.79%	0.36%	31.40%	-99.89%
EPS (Basic)	0.42	-0.29	-1.08	-1.24	-0.95
EPS (Diluted)	0.42	-0.29	-1.08	-1.24	-0.95
Free Cash Flow	165.88	84.15	-1.26	76.25	-61.78
Free Cash Flow Growth	97.13%	-	-	-	-
Free Cash Flow Per Share	0.99	0.64	-0.02	1.16	-1.23
Dividends Per Share	1.000	1.000	1.000	1.600	0.100
Dividend Growth	-	-	-37.50%	1500.00%	-49.93%
Gross Margin	18.37%	17.56%	16.44%	18.38%	16.64%
Operating Margin	7.25%	6.26%	3.80%	5.25%	1.87%
Profit Margin	3.13%	-1.72%	-4.12%	-4.47%	-4.15%
FCF Margin	7.34%	4.06%	-0.07%	4.64%	-4.82%
EBITDA	388.96	351.28	308.22	286.8	181.3
EBITDA Margin	17.21%	16.96%	16.51%	17.45%	14.14%
EBIT	163.76	129.64	70.92	86.2	23.92
EBIT Margin	7.25%	6.26%	3.80%	5.25%	1.87%
Effective Tax Rate	45.58%	5.06%	0.87%	-0.80%	-1.83%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q