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American Healthcare Reit, Inc. revenue

American Healthcare Reit, Inc.'s revenue was $2.26bn in fiscal 2025, up 9.1% on the year before. Since fiscal 2016 ($3.2m) it has grown at a compound 107.6% a year. Over the last twelve months it was $2.50bn.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue0333841,0991,0691,1241,4121,8672,0712,2602,502
Growth on the year before——+956.2%+153.4%+>999%−2.7%+5.1%+25.6%+32.2%+10.9%+9.1%—
Gross profit—226731,0807594131364417467530
Gross margin—71.5%78.1%86.4%98.3%7.0%8.3%9.3%19.5%20.1%20.6%21.2%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Integrated Senior Health Campuses $1.8B ▲ 8.9%
SHOP $331M ▲ 25.2%
Outpatient Medical $0 —
Triple Net Leased Properties $0 —

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $2.3B 99.7% ▲ 9.2%
Outside the US $6.5M 0.3% ▼ 1.7%

From American Healthcare Reit, Inc.'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Health Care REITs: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
American Healthcare Reit, Inc. $2.50bn 16.4% 15.4%
Healthpeak Properties $2.95bn 5.5% 11.7%
Diversified Healthcare Trust $1.48bn -3.8% 2.2%
Omega Healthcare Investors Inc $1.28bn 15.0% 14.6%
Healthcare Realty Trust Inc $1.13bn -5.8% -5.7%
Medical Properties Trust Inc $1.02bn 10.6% -10.5%

Compare with peers

Head to head: AHR vs DOCAHR vs DHCAHR vs OHI

More: Health Care REITs stocks compared, Real Estate sector, rankings of US companies

Figures from American Healthcare Reit, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to American Healthcare Reit, Inc.