American Healthcare REIT, Inc. (AHR)

Revenue Breakdown

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Integrated Senior Health Campuses (ISHC) Revenue	1.72B	1.62B	1.49B
Integrated Senior Health Campuses (ISHC) Revenue Growth	6.20%	8.76%	16.40%
Senior Housing Operation Properties (SHOP) Revenue	307.15M	263.99M	186.86M
Senior Housing Operation Properties (SHOP) Revenue Growth	16.35%	41.27%	18.01%
Outpatient Medical (OM) Revenue	128.91M	134.74M	146.07M
Outpatient Medical (OM) Revenue Growth	-4.33%	-7.75%	-1.78%
Triple-Net Leased Properties Revenue	42.53M	52.13M	44.33M
Triple-Net Leased Properties Revenue Growth	-18.42%	17.59%	-21.71%
Revenue (Total)	2.20B	2.07B	1.87B
Revenue (Total) Growth	6.19%	10.93%	13.60%

Revenue Breakdown 2

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Resident Fees and Services Revenue	2.03B	1.88B	1.67B
Resident Fees and Services Revenue Growth	7.62%	12.89%	18.17%
Real Estate Revenue	171.43M	186.87M	190.40M
Real Estate Revenue Growth	-8.26%	-1.85%	-7.28%
Grant Income Revenue	-	-	7.48M
Grant Income Revenue Growth	-	-	-70.89%
Revenue (Total)	2.20B	2.07B	1.87B
Revenue (Total) Growth	6.19%	10.93%	13.60%

Revenue by Geography

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
United States Revenue	2.19B	2.06B	1.86B
United States Revenue Growth	6.21%	10.85%	13.63%
International Revenue	6.47M	6.63M	4.66M
International Revenue Growth	-2.38%	42.15%	1.00%
Revenue (Total)	2.20B	2.07B	1.87B
Revenue (Total) Growth	6.19%	10.93%	13.60%

EBIT

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Integrated Senior Health Campuses (ISHC) Segment Net Operating Income	227.69M	189.27M	153.54M
Integrated Senior Health Campuses (ISHC) Segment Net Operating Income Growth	20.30%	23.27%	5.16%
Senior Housing Operation Properties (SHOP) Segment Net Operating Income	55.85M	40.63M	20.37M
Senior Housing Operation Properties (SHOP) Segment Net Operating Income Growth	37.46%	99.48%	97.76%
Outpatient Medical (OM) Segment Net Operating Income	79.50M	83.86M	91.61M
Outpatient Medical (OM) Segment Net Operating Income Growth	-5.20%	-8.47%	-0.78%
Triple-Net Leased Properties Segment Net Operating Income	39.67M	49.78M	41.32M
Triple-Net Leased Properties Segment Net Operating Income Growth	-20.31%	20.48%	-22.53%

Capital Expenditures

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Integrated Senior Health Campuses (ISHC) Capital Expenditures	76.83M	44.13M	64.01M
Integrated Senior Health Campuses (ISHC) Capital Expenditures Growth	74.09%	-31.06%	106.98%
Senior Housing Operation Properties (SHOP) Capital Expenditures	18.83M	21.27M	12.24M
Senior Housing Operation Properties (SHOP) Capital Expenditures Growth	-11.50%	73.73%	31.94%
Outpatient Medical (OM) Capital Expenditures	19.10M	21.65M	24.30M
Outpatient Medical (OM) Capital Expenditures Growth	-11.78%	-10.89%	-24.95%
Triple-Net Leased Properties Capital Expenditures	-	509.00K	420.00K
Triple-Net Leased Properties Capital Expenditures Growth	-	21.19%	10400.00%

Key Performance Indicators

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Integrated Senior Health Campuses (ISHC) - Number of Properties	133.00	126.00	125.00
Integrated Senior Health Campuses (ISHC) - Number of Properties Growth	5.56%	0.80%	4.17%
Outpatient Medical (OM) - Number of Properties	76.00	84.00	88.00
Outpatient Medical (OM) - Number of Properties Growth	-9.52%	-4.54%	-15.38%
Senior Housing Operation Properties (SHOP) - Number of Properties	87.00	84.00	55.00
Senior Housing Operation Properties (SHOP) - Number of Properties Growth	3.57%	52.73%	-6.78%
Triple-Net Leased - Number of Properties	19.00	20.00	28.00
Triple-Net Leased - Number of Properties Growth	-5.00%	-28.57%	-9.68%
Total Number of Buildings/Campuses	315.00	314.00	296.00
Total Number of Buildings/Campuses Growth	0.32%	6.08%	-5.73%
Integrated Senior Health Campuses (ISHC) - Leased Rate	90.20%	88.00%	85.50%
Outpatient Medical (OM) - Leased Rate	86.50%	87.90%	89.20%
Senior Housing Operation Properties (SHOP) - Leased Rate	88.70%	85.40%	81.20%
Triple-Net Leased - Leased Rate	100.00%	100.00%	100.00%
Total Leased Rate	89.30%	90.30%	91.30%
Integrated Senior Health Campuses (ISHC) - Gross Leasable Area (GLA) (Sq Ft)	-	9.32M	9.23M
Integrated Senior Health Campuses (ISHC) - Gross Leasable Area (GLA) (Sq Ft) Growth	-	0.96%	1.59%
Outpatient Medical (OM) - Gross Leasable Area (GLA) (Sq Ft)	-	4.26M	4.45M
Outpatient Medical (OM) - Gross Leasable Area (GLA) (Sq Ft) Growth	-	-4.18%	-10.39%
Senior Housing Operation Properties (SHOP) - Gross Leasable Area (GLA) (Sq Ft)	-	4.53M	3.72M
Senior Housing Operation Properties (SHOP) - Gross Leasable Area (GLA) (Sq Ft) Growth	-	21.93%	-3.63%
Triple-Net Leased - Gross Leasable Area (GLA) (Sq Ft)	-	1.04M	1.42M
Triple-Net Leased - Gross Leasable Area (GLA) (Sq Ft) Growth	-	-27.04%	-28.37%
Total Gross Leasable Area (GLA) (Sq Ft)	20.13M	19.16M	18.82M
Total Gross Leasable Area (GLA) (Sq Ft) Growth	5.10%	1.77%	-5.40%
Annualized Base Rent	-	388.66M	345.54M
Annualized Base Rent Growth	-	12.48%	5.87%

Updated Nov 7, 2025. Data Source: Fiscal.ai.