American Healthcare REIT, Inc.
americanhealthcarereit.comWhat Do They Do?
Owns and operates integrated senior health campuses, senior housing and care properties, and outpatient medical buildings for residents and healthcare providers.
10-K for FY2025, filed Feb 27, 2026
How Do They Make Money?
Most money comes from senior campuses' resident housing and care fees: residents are billed monthly in advance, while patients and third-party payors are billed after services; property tenants also pay rent under leases.
10-K for FY2025, filed Feb 27, 2026Includes fees for basic housing, as well as fees for assisted living or skilled nursing care. We record revenue when services are rendered…View ↗
We recognize resident fees and services revenue in accordance with ASC Topic 606. A significant portion of resident fees and services…View ↗
The terms and conditions of any lease we enter into with our tenants at our non-RIDEA properties may vary substantially. However, we expect…View ↗
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10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by reportable segment ↗
$2.3B
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10-K for FY2025, filed Feb 27, 2026
$2.3B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
ISHC
Recurring
10-K for FY2025, filed Feb 27, 2026 |
78%
FY2022: 89%
|
ISHC, FY2025
$1.8B Sources
|
Recurring |
|
SHOP
Recurring
10-K for FY2025, filed Feb 27, 2026 |
15%
FY2022: 11%
|
SHOP, FY2025
$330.6M Sources
|
Recurring |
|
OM
Recurring
|
5.6%
FY2022: 0.0%
|
OM, FY2025
$126.1M Sources
|
Recurring |
|
Triple-net leased properties
Recurring
|
1.8%
FY2022: 0.0%
|
Triple-net leased properties, FY2025
$39.5M Sources
|
Recurring |
Who Are Their Customers?
Residents pay monthly for housing and care, and the company bills patients and third-party payors for healthcare services; healthcare operators and tenants lease its properties.
10-K for FY2025, filed Feb 27, 2026Includes fees for basic housing, as well as fees for assisted living or skilled nursing care. We record revenue when services are rendered…View ↗
We recognize resident fees and services revenue in accordance with ASC Topic 606. A significant portion of resident fees and services…View ↗
The terms and conditions of any lease we enter into with our tenants at our non-RIDEA properties may vary substantially. However, we expect…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2025.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
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Sep 2, 2026
Brian Peay to retire as CFO; Aric Chang appointed CFO
Chang takes over October 1, 2026, after Peay's retirement on September 30, 2026.
Sources
8-K, filed Sep 2, 2026
On September 2, 2026, we announced the appointment of Aric Chang as our Chief Financial Officer, effective October 1, 2026, following the…View ↗
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Sep 1, 2026
Acquired six senior housing communities from Kensington
Two remaining communities are under definitive agreements, pending closing conditions.
Sources
8-K, filed Sep 1, 2026
IRVINE, Calif., Sept. 1, 2026 – American Healthcare REIT, Inc. (NYSE: AHR) (the “Company” or “AHR”) today announced that it has acquired…View ↗
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Jul 22, 2026
Jeffrey Hanson became CEO after Danny Prosky retired
Prosky remains on the board; Hanson continues as board chair.
Sources
8-K, filed Jul 22, 2026
On July 20, 2026, Danny Prosky notified American Healthcare REIT, Inc. (the “Company”) of his decision to retire as Chief Executive Officer…View ↗
Growing. Revenue grew 2.0x in 4 years, from $1.1B in FY2021 to $2.3B in FY2025, about 19% a year.
Primary property focus
The latest description names senior housing, skilled nursing and outpatient medical buildings as primary focuses, while the older one also named hospitals among its primary property types.
10-K for FY2022, filed Mar 17, 2023 10-K for FY2025, filed Feb 27, 2026American Healthcare REIT, Inc., a Maryland corporation, is a leading internally-managed real estate investment trust, or REIT, that owns a…View ↗
American Healthcare REIT, Inc., a Maryland corporation, is a self-managed real estate investment trust, or REIT, that acquires, owns and…View ↗
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