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American Healthcare REIT, Inc. AHR

Listed / Traded Health Care NYSE Mgmt:

American Healthcare REIT (AHR) was forged through a significant strategic consolidation, combining Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV, along with integrating the business and operations of American Healthcare Investors. This comprehensive merger has established AHR as a leading global real estate investment trust focused on healthcare properties, boasting an impressive portfolio with a gross investment value of approximately $4.2 billion. A core strength of the company lies in its fully integrated management platform, staffed by over one hundred highly experienced and proficient professionals. Many members of this team have a long history of collaboration, dating back to 2006, and have successfully invested in and overseen healthcare real estate assets across diverse market cycles. Their collective expertise, extensive industry network, and deep, firsthand understanding of each property within the international portfolio – which they have meticulously built and managed since its first acquisition in 2014 – are unparalleled. This powerful combination of a robust management team and a high-quality asset base strategically positions American Healthcare REIT to capitalize on compelling growth opportunities, driven by significant demographic trends. Its expansive portfolio encompasses 19 million square feet across 312 distinct properties, including medical office buildings, senior housing communities, skilled nursing facilities, and integrated senior health campuses. This diverse collection is strategically distributed across 36 U.S. states and the United Kingdom. The aforementioned tri-party transaction represented a pivotal step in ideally preparing American Healthcare REIT for a future public listing or Initial Public Offering (IPO) on a national stock exchange when market conditions are most favorable. By eventually listing its shares, the company anticipates gaining enhanced access to attractive capital sources, which will be crucial for fueling future expansion, diversifying its investor base, and providing greater liquidity for its existing stockholders. American Healthcare REIT, Inc. operates as a subsidiary of Griffin Capital Company, LLC.

Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-27 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K

Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.

Snapshot

Price
$56.66
Market cap
$10.92B
Enterprise value
$13.14B
Dividend yieldi
1.76%
Annual dividendi
$1.00
Frequency
Quarterly
FFO / sharei
$0.48 · Q1 2026
Normalized FFO / sharei
$0.50 · Q1 2026
Net debt / EBITDAi
3.00x · Adj. EBITDA
Op. cash flow / sharei
$1.76
Price / OCFi
32.11
Payout (% of OCF)i
56.67%
Debt / book capitali
30.78%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Reported FFO / Normalized FFO / leverage are from the Q1 2026 earnings release (filed 2026-05-07) — 8-K, EX-99.1 ✓ Verified to filing.

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

$10,000 invested

176shares (~$56.66 each)
$176est. dividends / year
$15≈ per month
1.76%current yield

Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.

Model AHR yourself — any amount, shares, per-payment & a multi-year DRIP projection →

Balance sheet (latest FY: 2025)

Total debt
$1.69B
Cash
$114.84M
Net debt / EBITDAi
3.94x
Debt / book capitali
30.78%
Total assets
$5.43B
Total equity
$3.32B
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Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $2.26B $69.81M $187.56M $321.98M $294.44M
2024 $2.07B $-37.81M $221.64M $315.48M $176.09M
2023 $1.86B $-71.47M $237.30M $324.26M $98.53M
2022 $1.62B $-81.30M $200.60M $233.76M $147.77M
2021 $1.26B $-47.79M $153.81M $159.43M $17.91M
2020 $1.18B $2.16M $132.43M $165.14M $219.16M

Dividends

Recent regular dividends per share (special distributions excluded), oldest → newest.

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-06-302026-06-302026-07-17 2026-06-18$0.25Quarterly
2026-03-312026-03-312026-04-17 2026-03-18$0.25Quarterly
2025-12-312025-12-312026-01-16 2025-12-16$0.25Quarterly
2025-09-302025-09-302025-10-17 2025-09-18$0.25Quarterly
2025-06-302025-06-302025-07-18 2025-06-20$0.25Quarterly
2025-03-312025-03-312025-04-17 2025-03-19$0.25Quarterly
2024-12-312024-12-312025-01-17 2024-12-18$0.25Quarterly
2024-09-202024-09-202024-10-18 2024-09-06$0.25Quarterly
2024-06-272024-06-272024-07-19 2024-06-12$0.25Quarterly
2024-03-272024-03-282024-04-19 2024-03-15$0.25Quarterly

Coverage (payout of operating cash flow): 56.67%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Recent news — AHR

Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.

Other Health Care REITs

Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.

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