American Healthcare REIT, Inc. ( (AHR) ) has released its Q4 earnings. Here is a breakdown of the information American Healthcare REIT, Inc. presented to its investors.
American Healthcare REIT, Inc. (NYSE: AHR) is a real estate investment trust specializing in acquiring, owning, and operating a diversified portfolio of clinical healthcare real estate, including senior housing communities, skilled nursing, and outpatient medical buildings across the United States, the United Kingdom, and the Isle of Man.
American Healthcare REIT recently announced its financial results for the fourth quarter and full year of 2024, along with its guidance for 2025. The company reported a GAAP net loss attributable to controlling interest of $31.8 million for the fourth quarter and $37.8 million for the full year. Despite the losses, the company achieved significant growth in Same-Store Net Operating Income (NOI) and expanded its portfolio through strategic acquisitions.
Key financial highlights include a 21.6% increase in total portfolio Same-Store NOI for the fourth quarter and a 17.7% increase for the full year, driven by strong performance in senior housing operating properties (SHOP) and integrated senior health campuses (ISHC). The company raised $1.36 billion in gross proceeds through equity offerings and an at-the-market equity program, which helped improve its Net Debt-to-Annualized Adjusted EBITDA ratio from 8.5x to 4.3x. Additionally, American Healthcare REIT invested over $650 million in new acquisitions during 2024.
Looking ahead, American Healthcare REIT has issued guidance for 2025, projecting a Same-Store NOI growth of 7.0% to 10.0% and Normalized Funds from Operations (NFFO) per diluted share of $1.56 to $1.60. The company remains optimistic about the healthcare real estate industry’s fundamentals and is committed to delivering high-quality care and performance across its facilities.
In conclusion, American Healthcare REIT is poised for continued growth in 2025, with management expressing confidence in achieving solid earnings and NOI growth. The company’s strategic focus on senior housing investments and its ability to raise capital efficiently are expected to drive future performance.