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American Healthcare REIT, Inc. (AHR) stock

AHRNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 11/30146% above fair value
$57.78−0.86 (-1.47%)

Close on Nov 13, 2026Market cap $12.60BP/E 117.9Yield 1.73%

American Healthcare REIT, Inc. grew revenue 21.5% to $2.67B over the twelve months to Sep 30, 2026. Operating income rose 33.9% to $539.12M, moving the operating margin from 18.3% to 20.2%. At the latest close the market valued the company at $12.60B, 117.9 times its earnings.

Revenue
$2.67B
+21.5% vs. a year earlier
Operating income
$539.12M
+33.9% vs. a year earlier
EPS, diluted
$0.49
+250.0% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$12.60B
P/E ratio
117.9
Price to sales
4.72
Price to book
2.28
Dividend yield
1.73%
Free cash flow yield
–

Fundamentals

Revenue
$2.67B
Net income
$96.31M
EPS, diluted
$0.49
Book value per share
$25.43
Diluted shares
218M

Trading

Next earnings
Feb 25, 2027 (estimated, after the close)
Previous close
$58.64
Open
$58.97
Day's range
$57.54 – $59.00
Volume
2,582,638
Average volume (20 days)
3,320,945
Index membership
S&P MidCap 400 (since Feb 2026), Russell 1000 (since Jun 2026), Russell 3000 (since Aug 2024)
Beta (5 years)
0.44
52-week range
$44.81 – $59.55
RSI (14 days)
62.6
Volatility (1 year)
26.4%
Relative volume
0.87×
WACC
7.6%

On 1 of our idea list: Most shorted (a warning list)

Index membership is inferred from the holdings of funds that track each index (IJH, SPMD, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2024, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

PeriodAHRS&P 500DifferenceAHR per yearS&P 500 per year
1 month+10.0%-3.0%+13.0 pts
3 months+8.3%-2.8%+11.1 pts
Year to date+24.6%+11.5%+13.1 pts
1 year+22.2%+13.5%+8.8 pts
3 years+26360.9%+77.7%+26283.2 pts+542.0%+21.1%
5 years+26360.9%+72.6%+26288.3 pts+205.2%+11.5%
10 years+26360.9%+308.2%+26052.7 pts+74.7%+15.1%

Eleven years at a glance

Fiscal years 2015 to 2025 and trailing twelve months, USD

Revenue

$2.67B+21.5% YoY

Gross profit

$589.22M+29.5% YoY

Operating income

$539.12M+33.9% YoY

Net income

$96.31M+253.3% YoY

EPS, diluted

$0.49+250.0% YoY
Reported periodTrailing twelve months

Press releases

Releases American Healthcare REIT filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About American Healthcare REIT

Real Estate Investment Trusts

American Healthcare REIT, Inc. is a self-managed real estate investment trust that acquires, owns, operates, and selectively develops clinical healthcare properties. The company focuses primarily on senior housing, skilled nursing facilities, outpatient medical buildings, and other healthcare-related assets. It operates through four reportable business segments: integrated senior health campuses, outpatient medical buildings, senior housing operating properties, and triple-net leased properties. Its customer base includes residents in need of various senior care services as well as tenants and health systems leasing outpatient medical spaces and facilities.

Company profile, executives and history

American Healthcare REIT stock: common questions

What is American Healthcare REIT's stock price?

AHR closed at $57.78 on Nov 13, 2026, down 1.47% on the day. Over the past 52 weeks it traded between $44.81 and $59.55.

What is American Healthcare REIT's market cap?

American Healthcare REIT was worth $12.60B at the close on Nov 13, 2026: the share price times the diluted shares outstanding.

What is AHR's P/E ratio?

AHR trades at 117.9 times earnings, based on diluted earnings per share of $0.49 over the twelve months to Sep 30, 2026.

How much revenue does American Healthcare REIT make?

American Healthcare REIT reported revenue of $2.67B for the twelve months to Sep 30, 2026, up 21.5% from a year earlier.

Does American Healthcare REIT pay a dividend?

Yes. American Healthcare REIT paid $1.00 per share over the last twelve months, a yield of 1.73% at the latest price.

When does American Healthcare REIT report earnings next?

American Healthcare REIT is expected to report Q4 FY2026 results on Feb 25, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has AHR stock performed over the past year?

Including dividends, AHR returned +22.2% over the past year, against +13.5% for the S&P 500.

How many AHR shares are sold short?

34M shares were sold short at the latest FINRA report, 15.55% of the float, or 10.3 days of average trading volume.

Who are American Healthcare REIT's competitors?

Companies most similar to American Healthcare REIT by business, industry and size include DOC, OHI, HR, SBRA, DHC.

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