AHR · American Healthcare REIT, Inc.
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | 124.99M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP EBITDA $122.16M
-$892K Income from unconsolidated entities
-$486K Straight line rent and amortization of above/below market leases
+$5.77M Non-cash impact of changes to equity instruments
+$2.79M Transaction, transition and restructuring costs
-$5.65M Gain on dispositions of real estate investments, net
+$12K Amortization of closing costs — debt security investment
-$75K Foreign currency gain
-$357K Gain in fair value of derivative financial instruments
+$1.72M Impairment of real estate investments
= Adjusted EBITDA $124.99M
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| Average operator Occupancy (Triple-Net Leased Properties) | 90.5% | Q2 2026 | — |
| Cash NOI non-GAAP | 274.22M | Six Months Ended June 30, 2026 | — |
| Consolidated average Occupancy (ISHC) | 89.5% | Q2 2026 | — |
| Consolidated average Occupancy (SHOP) | 88.8% | Q2 2026 | — |
| Ending Occupancy (Outpatient Medical) | 88.4% | Q2 2026 | — |
| NAREIT FFO attributable to controlling interest | 188.33M | Six Months Ended June 30, 2026 | — |
| NAREIT FFO per common share attributable to controlling interest — diluted | $0.99 | Six Months Ended June 30, 2026 | — |
| Net operating income | 262.74M | Six Months Ended June 30, 2026 | — |
| Normalized FFO attributable to controlling interest non-GAAP | 200M | Six Months Ended June 30, 2026 | — |
| Normalized FFO per common share attributable to controlling interest — diluted non-GAAP | $1.05 | Six Months Ended June 30, 2026 | — |
| Pro-Rata Annualized Cash NOI (Total) non-GAAP | $571.84M | Q2 2026 | — |
| Same-Store NOI (ISHC) non-GAAP | $71.35M | Q2 2026 | — |
| Same-Store NOI (Outpatient Medical) non-GAAP | $17.39M | Q2 2026 | — |
| Same-Store NOI (SHOP) non-GAAP | $16.09M | Q2 2026 | — |
| Same-Store NOI (Total Portfolio) non-GAAP | $112.29M | Q2 2026 | — |
| Same-Store NOI (Triple-Net Leased Properties) non-GAAP | $7.46M | Q2 2026 | — |
| Same-Store properties (ISHC) | 115 | For the Six Months Ended June 30, 2026 | — |
| Same-Store properties (OM) | 65 | For the Six Months Ended June 30, 2026 | — |
| Same-Store properties (SHOP) | 64 | For the Six Months Ended June 30, 2026 | — |
| Same-Store properties (Triple-Net Leased Properties) | 17 | For the Six Months Ended June 30, 2026 | — |
| Total Portfolio Same-Store NOI Growth | 12.7% | Six Months Ended June 30, 2026 Relative to Six Months Ended June | — |
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| Trailing 12-months Retention (OM) | 65.2% | Q2 2026 | — |
| Same-Store NOI Growth (ISHC) non-GAAP | 14.5% | Three Months Ended March 31, 2026 | — |
| Same-Store NOI Growth (Outpatient Medical) non-GAAP | 1.6% | Three Months Ended March 31, 2026 | — |
| Same-Store NOI Growth (SHOP) non-GAAP | 19.7% | Three Months Ended March 31, 2026 | — |
| Same-Store NOI Growth (Total Portfolio) non-GAAP | 12.1% | Three Months Ended March 31, 2026 | — |
| Same-Store NOI Growth (Triple-Net Leased Properties) non-GAAP | 4.6% | Three Months Ended March 31, 2026 | — |
| ISHC Same-Store NOI Growth non-GAAP | 18.4% | Year Ended December 31, 2025 | — |
| Net Debt-to-Annualized Adjusted EBITDA non-GAAP | 3.4 | As of December 31, 2025 | — |
| Outpatient Medical Same-Store NOI Growth non-GAAP | 2.1% | Year Ended December 31, 2025 | — |
| SHOP Same-Store NOI Growth non-GAAP | 25.2% | Year Ended December 31, 2025 | — |
| Triple-Net Leased Properties Same-Store NOI Growth non-GAAP | 0.5% | Year Ended December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Healthcare Facilities — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AHR
this stock
American Healthcare REIT, Inc.
|
$11.83B | +15.4% | +9.1% | 78.6 | 10.2% |
|
WELL
Welltower Inc.
|
$162.55B | +26.9% | +35.6% | 114.6 | 2.5% |
|
VTR
Ventas, Inc.
|
$45.66B | +18.3% | +18.5% | 164.8 | 4.6% |
|
DOC
Healthpeak Properties, Inc.
|
$14.34B | +29.3% | +4.5% | 59.4 | 3.5% |
|
OHI
Omega Healthcare Investors Inc
|
$14.10B | +4.9% | +13.2% | 16.6 | 4.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AHR | -4.3% | -5.0% | +3.0% | -2.3% | +15.4% |
| SPY | +0.4% | +4.5% | +13.8% | +3.9% | +13.9% |
| vs SPY | -4.7% | -9.4% | -10.7% | -6.2% | +1.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.