American Healthcare REIT, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.3B | $2.1B | $1.9B | $1.4B | $1.1B |
| Cost of revenue | $1.8B | $1.7B | $1.5B | $1.3B | $1.0B |
| Operating income | $415.2M | $363.5M | $306.8M | $302.0M | $213.3M |
| Interest expense | $85.8M | $127.7M | $163.2M | $106.0M | $80.9M |
| Pretax income | $48.6M | -$33.9M | -$76.2M | -$72.8M | -$52.3M |
| Income tax expense | -$22.2M | $1.7M | $663,000 | $586,000 | $956,000 |
| Net income | $69.8M | -$37.8M | -$71.5M | -$81.3M | -$47.8M |
| Balance Sheet | |||||
| Cash and equivalents | $114.8M | $76.7M | $43.4M | $65.1M | $81.6M |
| Total assets | $5.4B | $4.5B | $4.6B | $4.8B | $4.6B |
| Total liabilities | $2.1B | $2.2B | $3.1B | $3.1B | $2.8B |
| Total debt | $985.6M | $1.0B | $1.3B | $1.3B | $1.1B |
| Stockholders' equity | $3.3B | $2.3B | $1.3B | $1.4B | $1.6B |
| Cash Flow Statement | |||||
| Cash from operations | $294.4M | $176.1M | $98.5M | $147.8M | $17.9M |
| Depreciation and amortization | $187.6M | $179.2M | $182.6M | $168.0M | $133.2M |
| Stock-based compensation | $14.6M | $9.9M | $5.5M | $3.9M | $8.8M |
| Dividends paid | $163.5M | $120.9M | $76.3M | $51.1M | $22.8M |
| Share repurchases | $0 | $14,000 | $469,000 | $20.7M | $382,000 |
| Impairments | $0 | $0 | $10.5M | $0 | $0 |
Shares outstanding 192.7M · Free float 99.2%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.