American Healthcare REIT Financial Statements
NYSE: AHRReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
American Healthcare REIT revenue and earnings
In fiscal 2025, American Healthcare REIT generated $2.26 billion in revenue, up 9.1% from fiscal 2024, its 9th consecutive year of revenue growth. Net income was $69.8 million, for a net margin of 3.1% versus a median of -3.8% in the prior 5 years. Gross margin was 20.6% (up from 20.1%) and operating margin 18.4%.
Diluted earnings per share came in at $0.42. Over the last 5 fiscal years, AHR's revenue has grown at a 16.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
American Healthcare REIT income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.26B | 2.07B | 1.87B | 1.41B | 1.12B | 1.07B | 120.77M | 84.46M | 33.33M | 3.16M |
| Revenue growth (YoY) | +9.15% | +10.93% | +32.18% | +25.64% | +5.13% | +785.21% | +43.00% | +153.37% | +956.18% | — |
| Cost of Revenue | 1.79B | 1.65B | 1.50B | 1.28B | 1.03B | 993.73M | 19.23M | 11.50M | 7.29M | 898.00K |
| Gross Profit | 466.59M | 416.77M | 364.31M | 130.63M | 93.74M | 75.35M | 101.54M | 72.96M | 26.04M | 2.26M |
| Operating Expenses | 51.43M | 53.24M | 57.48M | -171.34M | -119.59M | -142.93M | -119.85M | — | — | 437.00K |
| Operating Income | 415.16M | 363.54M | 306.83M | 301.96M | 213.34M | 218.28M | 221.40M | — | — | -4.96M |
| Interest Expense | 85.78M | 127.73M | 163.19M | 105.96M | 80.94M | 71.28M | 78.55M | 6.79M | 2.70M | 514.00K |
| Other Income (Expense) | -115.12M | -163.53M | -147.15M | -159.00M | -76.24M | -86.34M | -79.72M | — | — | — |
| Pretax Income | 48.65M | -33.89M | -76.22M | -72.80M | -52.31M | 5.79M | 672.00K | -8.58M | 508.00K | -5.47M |
| Income Tax | -22.17M | 1.71M | 663.00K | 586.00K | 956.00K | -3.08M | 1.52M | 8.00K | 0 | 0 |
| Net Income | 69.81M | -37.81M | -71.47M | -81.30M | -47.79M | 2.16M | -4.96M | -8.35M | 541.00K | -5.47M |
| Net Income growth (YoY) | — | — | — | — | -2309.62% | — | — | -1644.18% | — | — |
| EPS (Basic) | 0.42 | -0.29 | -1.08 | -1.24 | -0.95 | 0.05 | -0.03 | -0.15 | 0.02 | -1.75 |
| EPS (Diluted) | 0.42 | -0.29 | -1.08 | -1.24 | -0.95 | 0.05 | -0.03 | -0.15 | 0.02 | -1.75 |
| Shares Outstanding (Basic) | 166.06M | 130.64M | 66.05M | 65.81M | 50.08M | 44.98M | 181.93M | 54.85M | 27.75M | 3.13M |
| Shares Outstanding (Diluted) | 166.85M | 130.64M | 66.05M | 65.81M | 50.08M | 44.98M | 181.93M | 54.85M | 27.75M | 3.13M |
| EBITDA | 602.72M | 542.73M | 489.44M | 469.92M | 346.53M | 317.13M | 332.81M | — | — | -3.71M |
| Gross Margin | 20.64% | 20.13% | 19.52% | 9.25% | 8.34% | 7.05% | 84.08% | 86.38% | 78.12% | 71.55% |
| Operating Margin | 18.37% | 17.56% | 16.44% | 21.38% | 18.98% | 20.42% | 183.32% | — | — | -157.16% |
| Net Margin | 3.09% | -1.83% | -3.83% | -5.76% | -4.25% | 20.00% | -4.11% | -9.89% | 1.62% | -173.45% |
This table shows 10 annual periods of American Healthcare REIT's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow AHR's reporting calendar. What is a income statement?