American Healthcare REIT, Inc.(AHR)

Top Performer Top performer
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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
5-STAR RATING
PASS
LAST CLOSE
$52.02
09/25/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for AHR

09/25/2026: AHR (5-star) is currently NOT-A-BUY. Pass it for now.

American Healthcare REIT, Inc. is a self-managed REIT specializing in clinical-heavy healthcare real estate, including senior housing and medical office buildings. The company's main strength lies in its diversified, needs-driven portfolio, which benefits from long-term demographic tailwinds related to the aging population. While the company provides an attractive income stream suitable for dividend investors, it faces competitive pressure from larger, more established healthcare REITs and remains sensitive to interest rate fluctuations. Key developments for investors to monitor include its ability to execute on accretive acquisitions, optimize asset-level performance, and maintain a prudent balance sheet. Overall, AHR offers a specialized investment opportunity for those seeking exposure to essential healthcare infrastructure.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is moderate and tied to macroeconomic trends in healthcare rather than rapid technological expansion.
Momentum investorWeak fitThe stock tends to trade based on long-term REIT fundamentals rather than short-term price momentum.
Value investorStrong fitThe company may appeal to value investors looking for clinical real estate assets at reasonable valuations relative to larger peers.
Dividend investorStrong fitAs a REIT, AHR is structured to provide steady income distributions to shareholders.
Low-risk investorMixed fitHealthcare real estate is generally defensive, though regulatory and interest rate risks persist.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumAs a smaller-cap REIT, the stock may experience more price fluctuation than larger, more liquid competitors.
Valuation riskMediumInvestors should monitor the company's FFO multiples compared to its industry peers.
Competition risk (Large-cap healthcare REITs)Medium / highLarger competitors with lower costs of capital may outbid AHR for prime real estate acquisitions.
Business qualityMediumPortfolio quality is solid, but it is still working to optimize asset performance across its diversified holdings.
Dividend incomeMediumDividend sustainability is tied to operating performance and interest rate environments.
Execution riskMediumSuccessfully managing a diverse clinical property portfolio across different regulatory environments requires strong operational discipline.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 178.51%
Avg. Invested days 77
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
AHR receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
AHR has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+284.6%) and solid cash generation (FCF margin 7.3%) are partially offset by moderate revenue growth (+9.1%), soft profitability (net margin 3.1%), very low insider ownership of 0.61%.

Financial Health Rating

★★★★★
AHR's financial health is supported by solid cash strength, including free-cash-flow generation (7.3% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is AHR's strongest growth driver at +284.6% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+97.1%, strong) is also strong, while revenue growth (+9.1%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 99.2% and approximately 99.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.61%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 13.18%
Vanguard Portfolio Management, LLC 7.40%
State Street Corp 4.38%
Principal Financial Group Inc 4.09%
Wellington Management Company LLP 3.97%

Unit Economics (Per $1K Revenue)

★★★★★
AHR generates approximately $206 of gross profit, $75 of operating income, and $73 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: -45.58% (Tax Credit)

Quantitative Style Profile

★★★★★
AHR has a large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilityLarge / Mega Cap StabilityShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 11.40B USD
Price to earnings Ratio 76.93
1Y Target Price 64.4
Price to earnings Ratio 76.93
1Y Target Price 64.4
Volume (30-day avg) 3.0M shares
Beta 0.74
52 Weeks Range 39.39 - 58.70
Updated Date 09/24/2026
52 Weeks Range 39.39 - 58.70
Updated Date 09/24/2026
Dividends yield (FY) 1.93%
Basic EPS (TTM) 0.68

How Company Makes Money

Business areaWhat it includesRetail investor read
Rental IncomeLease payments from operators of medical office buildings, skilled nursing facilities, and senior housing communities.The company collects rent from healthcare providers and operators who run the day-to-day facilities.
Property OperationsManagement and operational income from properties where the REIT has a direct interest in facility performance.Some revenue is linked to how well the actual healthcare businesses perform within the properties.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 76.93
Forward PE 48.08
Enterprise Value 12.68B
Price to Sales(TTM) 4.55
Enterprise Value 12.68B
Price to Sales(TTM) 4.55
Enterprise Value to Revenue 5.07
Enterprise Value to EBITDA 27.8
Shares Outstanding 218.00M
Shares Floating 216.56M
Shares Outstanding 218.00M
Shares Floating 216.56M
Percent Insiders 0.61
Percent Institutions 99.2

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About American Healthcare REIT, Inc.

Exchange NYSE
Headquarters Irvine, CA, United States
IPO Launch date 2024-02-07
CEO & Chairman Mr. Jeffrey T. Hanson
Sector Real Estate
Industry REIT - Healthcare Facilities
Full time employees 121
Full time employees 121

American Healthcare REIT, Inc., a Maryland-based self-managed REIT, owns and operates a diversified portfolio of clinical healthcare real estate across the U.S., U.K., and the Isle of Man. Its focus includes senior housing, skilled nursing facilities (SNFs), outpatient medical (OM) buildings, and other healthcare-related properties. The company utilizes a fully integrated management platform and operates senior housing under the RIDEA structure. In addition to owning and operating properties, it has originated and acquired secured loans and may pursue other real estate-related investments opportunistically. The REIT seeks income-generating assets and selectively develops healthcare properties. It has elected to be taxed as a REIT under the U.S. Internal Revenue Code and intends to maintain compliance with REIT requirements. American Healthcare REIT, Inc. is based in Irvine, United States.