American Healthcare REIT, Inc.

American Healthcare REIT, Inc.

AHRยทNYSE

$46.13

-1.5%
Real EstateREIT - Healthcare Facilities

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.

At a Glance

Live Snapshot
Market Cap$9.54B
EPS0.4200
P/E Ratio109.83
Earnings Date08/06/2026
3Y+99.0%
5Y+34.0%
10Y+157.0%
3Y+814.0%
5Y+632.0%
10Y+207.0%
3Y-2005.0%
5Y-9378.0%
10Y+261.0%
AHR

American Healthcare REIT, Inc. Cash Conversion Engine

AHR ยท NYSE
Net Income70.82M
Depreciation & Amortization187.56M
Stock-Based Compensation14.62M
Change in Working Capital-30.32M
Others74.70M
Capital Expenditures-128.56M
Free Cash Flow165.88M

Cash Flow Quality Analysis

FCF Conversion Rate

234.2%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

43.7%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

+97.1%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$30.32M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

American Healthcare REIT, Inc. Cash Flow Statement

AHR โ€ข NYSE

American Healthcare REIT, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
OPERATING ACTIVITIES
70.8M
-35.6M
-76.9M
-73.4M
-53.3M
2.2M
-5M
13.3M
11.2M
-146M
187.6M
221.6M
237.3M
200.6M
157.4M
133M
144.1M
103.3M
121.4M
277.7M
-22.9M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
14.6M
9.9M
5.5M
3.9M
9.7M
-1.2M
3M
3.2M
1.2M
1.8M
74.7M
48.9M
-11.6M
54.4M
-2.4M
11M
24.2M
8.1M
16.8M
-2M
(0.0)
(1.3M)
(1.3M)
(1.1M)
(1.2M)
(753K)
(0.0)
(0.0)
(0.0)
(0.0)
-30.3M
-68.7M
-55.8M
-37.8M
-93.5M
74.2M
-48.9M
-21.1M
-22.6M
-17.1M
294.4M
176.1M
98.5M
147.8M
17.9M
219.2M
117.5M
106.8M
128.1M
114.4M
INVESTING ACTIVITIES
-128.6M
-91.9M
-99.8M
-71.5M
-79.7M
-128.3M
-92.8M
-66.9M
-43.6M
-46M
(0.0)
-235K
-12.9M
-18.6M
-650K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-1B
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
61M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-6.6M
83.4M
122.1M
-28.5M
-58.3M
-19.6M
-10.3M
-68.9M
-81M
-306.7M
-1.1B
-8.7M
(9.4M)
-118.6M
-138.7M
-147.9M
-103.1M
-135.8M
-124.6M
-352.7M
FINANCING ACTIVITIES
1.1B
1.4B
-469K
-20.7M
-382K
-23.1M
-89.9M
-76.6M
-30.7M
-20.9M
-160.5M
-995.5M
-17.6M
62.8M
146.3M
42M
173.2M
182.6M
89.5M
289.5M
-163.5M
-120.9M
-76.3M
-51.1M
-22.8M
-27M
-62.6M
-60M
-55.8M
-51.7M
(238K)
-14K
-469K
-20.7M
-382K
-23.1M
-89.9M
-76.6M
-30.7M
-20.9M
-5M
-382.6M
-34.7M
-33.9M
-29M
-724K
-18M
-8.4M
1.7M
9.8M
817.5M
-134.7M
-129.1M
-42.9M
94.1M
-8.8M
2.7M
37.6M
4.8M
226.7M
CASH FLOW SUMMARY
62K
-91K
7K
154K
-74K
-90K
145K
-77K
149K
-140K
28.5M
32.5M
-21.1M
-13.6M
-26.7M
62.3M
17.2M
8.6M
8.5M
-11.8M
123.3M
90.8M
111.9M
125.5M
152.2M
89.9M
72.7M
64.1M
55.7M
67.5M
151.8M
123.3M
90.8M
111.9M
125.5M
152.2M
89.9M
72.7M
64.1M
55.7M
165.9M
84.1M
-1.3M
76.2M
-61.8M
90.9M
24.6M
39.9M
84.6M
68.4M

SEC Filings

AHR - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 28, 2026
May 26, 2026
2026
8-K

8-K 2026

N/A

May 22, 2026
May 20, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 09, 2026
April 09, 2026
2026
8-K

8-K 2026

N/A

April 07, 2026
April 01, 2026
2026
8-K/A

8-K/A 2026 (Amended)

N/A

March 24, 2026
February 03, 2026
2026
8-K

8-K 2026

N/A

March 18, 2026
March 18, 2026
2026
8-K

8-K 2026

N/A

February 27, 2026
February 27, 2026
2026
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
Showing 1 to 10 of 269 filings