Reading the tape
NYSE: AHR
American Healthcare REIT, Inc.
Real Estate · REIT - Healthcare Facilities
Market Cap
$9.62B
52w High
$54.67
52w Low
$31.94
P/E
119.25
Volume
1.34M
Outstanding Shares
191.87M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 54.67%Revenue (TTM): 9.15%FCF (TTM): 167.61%P/S: 100th pct
What changed
The stock rose 54.67% over the last year. Revenue grew 9.15% over the trailing twelve months. Operating margin moved from 6.61% to 7.48%. Free cash flow grew 167.61% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/S range (100th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 7.48% — continued expansion would be needed to justify the premium. Revenue growth of 9.15% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Formed by the successful merger of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV, as well as the acquisition of the business and operations of American Healthcare Investors, American Healthcare REIT is one of the larger healthcare-focused real estate investment trusts globally with assets totaling approximately $4.2 billion in gross investment value.
CEOJeffrey T. Hanson
SectorReal Estate
IndustryREIT - Healthcare Facilities
Employees114
IPO dateFeb 7, 2024
Valuation
Forward P/E—
EV/EBITDA28.85
Enterprise value$9.29B
Price / Book2.90
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth11.3%
Gross margin15.2%▼91.27%vs FY2024
Operating margin7.48%▲12.41%vs FY2024
ROE2.1%▲225.71%vs FY2024
Analyst consensus
RatingBuy
Target price$56.75▲13.21%
10
Buy
1
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.16 · Revenue est $667.57M
View
Dividends
$1.00/shareQuarterlyAdequateAHR pays a dividend with a 1.99% dividend yield, covered 1.0× by free cash flow.
Dividend Yield
1.99%
Annual Div / Share
$1.00
CAGR
—
FCF Coverage
1.0×
Adequate
Dividend Growth Rate
Dividend Safety
5/10Adequate
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$1.00+0.0%
2024$1.00—
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$20/yr
$2/mo
In 5 yrs
$20/yr
$2/mo
In 10 yrs
$20/yr
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$20/yr $2/mo | $20/yr $2/mo | $20/yr $2/mo |