American Healthcare REIT, Inc.(AHR)Stock Analysis
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Rank #674 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
AHR Stock Analysis & AI Quality Score
AI stock analysis and institutional research for American Healthcare REIT, Inc. (AHR), a Real Estate sector company. 13F Pro's AI-powered ranking engine scores AHR at 63.7/100 on a 32-signal composite quality model, placing it at rank #674 of 2,879 stocks — the top 25% of the AI-ranked universe. AHR scores in the top quartile across institutional flow (84.1). Areas of concern include earnings quality (30.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), American Healthcare REIT, Inc. reports quarterly revenue of $650.8M, net income of $23.7M, free cash flow of $81.1M. Top institutional holders of AHR by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. AHR trades on the NYSE exchange and files with the SEC under CIK 1632970. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AHR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for American Healthcare REIT, Inc. directly from SEC EDGAR. American Healthcare REIT, Inc.'s 13F Pro composite quality score has ranged between 8 and 72 since 2024, currently 63.7 — an improving long-term trajectory across 43 quarterly and live scoring snapshots.
Revenue
Q1 2026
$650.8M
Net Income
Q1 2026
$23.7M
Free Cash Flow
Q1 2026
$81.1M
ROIC
Q1 2026
3.6%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+32.2% YoYNet Income
+2.6% YoYOperating Income
+1.6% YoYEPS (Diluted)
+12.9% YoYTotal Assets
-4.4% YoYOp. Cash Flow
-33.3% YoY| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $1.87B +32.2% | $1.41B +25.6% | $1.12B +5.1% | $1.07B +785.2% | $120.8M +43.0% | $84.5M |
| Net Income | $-71.5M +2.6% | $-73.4M -53.5% | $-47.8M -2309.6% | $2.2M +143.6% | $-5.0M +40.6% | $-8.4M |
| Operating Income | $306.8M +1.6% | $302.0M +41.5% | $213.3M -2.3% | $218.3M -1.4% | $221.4M | — |
| EPS (Diluted) | $-1.08 +12.9% | $-1.24 -30.5% | $-0.95 -2000.0% | $0.05 +266.7% | $-0.03 | — |
| Total Assets | $4.58B -4.4% | $4.79B +4.5% | $4.58B +41.6% | $3.23B +202.8% | $1.07B +19.2% | $896.4M |
| Operating Cash Flow | $98.5M -33.3% | $147.8M +724.9% | $17.9M -91.8% | $219.2M +86.6% | $117.5M +661.6% | $15.4M |
AI Insight: AHR Financial Trends
AHR's revenue surged 58% from $411M in Q2 2024 to $651M in Q1 2026, with operating income expanding steadily and net income turning consistently positive from Q2 2025 onward.
• Revenue grew from $411M in Q2 2024 to $651M in Q1 2026, an increase of 58% over six quarters.
• Operating income expanded from $89M in Q2 2024 to $126M in Q1 2026, reflecting consistent margin improvement.
• Net income turned durably positive from Q2 2025 ($10M) through Q1 2026 ($24M), after losses in Q3–Q4 2024.
• Equity base grew materially from $1,933M in Q2 2024 to $3,482M in Q1 2026, strengthening the balance sheet.
⚠ Operating cash flow dropped sharply to $55M in Q4 2025 from $107M in Q3 2025, a significant sequential decline.
⚠ Total debt data is absent across all periods; leverage trajectory remains unassessable and warrants disclosure.
⚠ Net income remains volatile quarter-to-quarter ($56M in Q3 2025 vs. $11M in Q4 2025), suggesting non-recurring items.
AI Insight: AHR Ratio Trends
ROIC has contracted nearly 4pp from Q2 2024's 18.4% peak to 14.4% in Q1 2026, even as net margins have recovered from deeply negative territory.
• Net margin swung from -6.4% in Q4 2024 to +3.6% in Q1 2026, signaling a meaningful bottom-line recovery over five quarters.
• Operating margin has narrowed from 21.6% in Q2 2024 to 19.3% in Q1 2026, a modest but persistent compression.
• ROIC declined steadily from 18.4% in Q2 2024 to 13.4% in Q4 2025, with only a partial rebound to 14.4% in Q1 2026.
• ROA turned positive at 1.7% in Q1 2026 versus -2.8% in Q4 2024, reflecting improving asset-level profitability.
⚠ ROIC at 14.4% in Q1 2026 remains well below the 18.4% peak — sustained contraction would signal capital deployment is becoming less efficient.
⚠ The Q3 2025 net margin spike to 9.8% appears one-off; whether normalized earnings can hold above 3% warrants close monitoring.
⚠ D/E data is absent across all periods — leverage visibility is zero, a key gap for a capital-intensive REIT.
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Available Research
13F Pro tracks comprehensive data for American Healthcare REIT, Inc. including:
Top Institutional Holders of AHR
BlackRock, Inc.
$1.4B28,741,094 shVANGUARD PORTFOLIO MANAGEMENT LLC
$760.4M16,124,024 shSTATE STREET CORP
$452.5M9,545,044 shWELLINGTON MANAGEMENT GROUP LLP
$390.7M8,283,787 shVANGUARD CAPITAL MANAGEMENT LLC
$386.6M8,198,624 shPRINCIPAL FINANCIAL GROUP INC
$350.1M7,423,206 shInvesco Ltd.
$319.7M6,778,768 shGEODE CAPITAL MANAGEMENT, LLC
$304.9M6,190,551 shFMR LLC
$238.8M5,064,371 shPRUDENTIAL FINANCIAL INC
$165.9M3,518,357 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.4B | 28,741,094 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $760.4M | 16,124,024 |
| STATE STREET CORP | $452.5M | 9,545,044 |
| WELLINGTON MANAGEMENT GROUP LLP | $390.7M | 8,283,787 |
| VANGUARD CAPITAL MANAGEMENT LLC | $386.6M | 8,198,624 |
| PRINCIPAL FINANCIAL GROUP INC | $350.1M | 7,423,206 |
| Invesco Ltd. | $319.7M | 6,778,768 |
| GEODE CAPITAL MANAGEMENT, LLC | $304.9M | 6,190,551 |
| FMR LLC | $238.8M | 5,064,371 |
| PRUDENTIAL FINANCIAL INC | $165.9M | 3,518,357 |
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Popular Research
Is AHR a good stock to buy?
13F Pro's AI-powered analysis of American Healthcare REIT, Inc. (AHR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for AHR are available on the AHR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own AHR?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling AHR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of American Healthcare REIT, Inc.'s investment landscape.