The financials
American Healthcare REIT, Inc. by the numbers
American Healthcare REIT, Inc. (AHR) reported revenue of $651M in Q1 2026 (quarter ended March 31, 2026), up 20% from the same quarter a year earlier. That came with net income of $24M (3.6% of revenue). For the full year FY2025, revenue was $2.26B (+9.1% year on year) and net income $70M. Its largest segment in 2026-Q2 was Integrated Senior Health Campuses at $440M, 79% of the disclosed total, just ahead of SHOP at 21%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $651M | $541M | +20% |
| Operating income | $126M | $95M | +33% |
| Net income | $24M | −$6.8M | to a profit |
| Diluted EPS | $0.13 | −$0.04 | to a profit |
| Operating | Revenue | Share |
|---|---|---|
| Integrated Senior Health Campuses | $440M | 79% |
| SHOP | $118M | 21% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $557.1M (+2.5%)
SHOP grew +68% year on yearIntegrated Senior Health Campuses +23% year on year
Segment Latestquarter on quarteryear on year
- Integrated Senior Health Campuses$439.5M$439.5MQoQ -0.08%year on year +23%-0.08%+23%
- SHOP$117.6M$117.6MQoQ +13%year on year +68%+13%+68%
- Outpatient Medical$0.00$0.00QoQ -year on year ---
- Triple Net Leased Properties$0.00$0.00QoQ -year on year ---
REIT - Healthcare Facilities
Ranks #8 of 10 by Smart Score