American Healthcare REIT, Inc. (AHR) AI Stock Analysis

• Market Cap: $4.72B
• Dividend Yield: 3.38%
• Average Volume (3M): 1.89M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: 11.17%
• EPS Growth: N/A
• Country: US
• Employees: 114
• Sector: General
• Sector Strength: N/A
• Industry: REIT - Healthcare Facilities
• EPS (TTM): -0.26
• Shares Outstanding: 157,565,290
• 10 Day Avg. Volume: 2,010,008
• 30 Day Avg. Volume: 1,889,134
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.25
• Price to Cash Flow (P/CF): 19.60
• P/FCF Ratio: 22.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $34.20
• Price Target Upside: 12.32% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

American Healthcare REIT, Inc. receives a solid score of 72, driven by strong operational performance and positive future guidance. The stock shows significant upward momentum, although valuation challenges due to the absence of a P/E ratio and policy uncertainties present risks. The company's robust dividend yield and strategic investments enhance attractiveness, balancing the potential risks associated with asset leverage and sector-specific challenges.

Positive Factors

Balance Sheet Strength

With leverage cut in half within just one year, the company is providing a cleaner path toward both internal and external earnings growth.

Earnings Growth

American Healthcare REIT reported strong 3Q24 results, with Core FFO of $0.36 per share, outperforming expectations and reflecting higher NOI and lower interest expense.

Strategic Acquisitions

The company acquired the remaining minority interest in Trilogy, becoming its sole owner, and also acquired a senior housing portfolio, expanding its asset base.

Negative Factors

Lower FFO Estimates

Lowering FFO Estimates due to recent property dispositions and equity offering.

Lower Growth Expectations

Lower growth is expected going into 2025.

Multiple Reduction

The multiple has been updated to 18.0x from 19.5x.

American Healthcare REIT, Inc. Business Overview & Revenue Model

Company Description

Formed by the successful merger of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV, as well as the acquisition of the business and operations of American Healthcare Investors, American Healthcare REIT is one of the larger healthcare-focused real estate investment trusts globally with assets totaling approximately $4.2 billion in gross investment value. The company benefits from a fully integrated management platform comprised of more than one hundred experienced and skilled professionals, many of whom have worked together since 2006 and have successfully invested in and managed healthcare real estate through multiple market cycles. The management team has a proven track record, deep industry relationships and unparalleled insight into each of the company's assets having built and nurtured the company's international portfolio since its original property acquisition in 2014. The strength of the management team, coupled with the quality of the assets, has American Healthcare REIT poised to capitalize on compelling growth driven by powerful demographic trends. With its 19 million-square-foot, 312-building portfolio of medical office buildings, senior housing communities, skilled nursing facilities and integrated senior health campuses diversified across 36 states and the United Kingdom, the tri-party transaction was a critical step in ideally positioning American Healthcare REIT for a future public listing or IPO on a national stock exchange at the most opportune time. By listing the company's shares on a national exchange, we believe the company will gain greater access to attractive capital that will fuel future growth, broaden our investor base and also provide liquidity to our fellow stockholders. American Healthcare REIT, Inc. operates as a subsidiary of Griffin Capital Company, LLC.

How the Company Makes Money

American Healthcare REIT, Inc. generates revenue primarily through the leasing of its healthcare-related real estate properties. The company earns rental income from tenants, which include healthcare providers, senior living operators, and hospital systems. These rental agreements often involve long-term leases, providing AHR with a steady and predictable income stream. Additionally, AHR may engage in property management services and strategically sell properties to capitalize on market opportunities, further contributing to its revenue. Significant partnerships with healthcare operators and institutions also enhance the company's ability to maintain high occupancy rates and favorable lease terms, supporting its overall earnings.

American Healthcare REIT, Inc. Financial Statement Overview

Summary

American Healthcare REIT, Inc. demonstrates robust revenue growth and improved operational efficiency. Despite improvements in cash flow and debt reduction, the company struggles with maintaining profitability, as evidenced by recurring net losses. The balance sheet shows a strong equity position but indicates potential risks associated with asset leverage.

Income Statement

American Healthcare REIT, Inc. shows a strong revenue growth trajectory but suffers from negative net income, impacting profitability metrics. Gross profit margins have improved significantly over the years, indicating operational efficiency, yet net profit margins remain negative due to consistent net losses.

Balance Sheet

The company's balance sheet reflects stable equity growth and a substantial reduction in total debt, leading to a healthy debt-to-equity ratio of 0.0 in the latest fiscal year. However, the company's assets are heavily leveraged against equity, suggesting potential risk if asset values fluctuate.

Cash Flow

Cash flows have shown improvement with positive free cash flow growth and a strong operating cash flow to net income ratio. However, fluctuations in capital expenditures and financing activities indicate potential volatility in cash flow management.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.07B	1.86B	1.65B	1.28B	1.24B
	Gross Profit
416.77M	356.83M	-145.91M	81.10M	119.54M
	EBIT
136.78M	76.72M	450.47M	133.19M	98.86M
	EBITDA
315.48M	324.26M	315.23M	186.00M	206.71M
	Net Income Common Stockholders
-37.81M	-71.47M	-72.80M	-52.31M	5.79M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
76.70M	43.45M	111.91M	125.49M	152.19M
	Total Assets
4.49B	4.58B	539.22M	1.06B	3.23B
	Total Debt
1.87B	3.02B	64.86M	57.53M	1.88B
	Net Debt
1.79B	2.98B	-47.05M	-67.95M	1.72B
	Total Liabilities
2.18B	3.12B	661.00K	2.62M	2.16B
	Stockholders Equity
2.26B	1.27B	4.79B	4.58B	866.11M
Cash Flow		Free Cash Flow
84.15M	-1.26M	76.25M	-64.49M	81.82M
	Operating Cash Flow
176.09M	98.53M	147.77M	15.20M	210.12M
	Investing Cash Flow
-8.73M	9.40M	-123.76M	-147.35M	-137.04M
	Financing Cash Flow
-134.74M	-129.06M	-37.74M	102.81M	-19.71M

American Healthcare REIT, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 30.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AHR, the sentiment is Positive. The current price of 30.45 is above the 20-day moving average (MA) of 29.61, above the 50-day MA of 28.85, and above the 200-day MA of 23.85, indicating a bullish trend. The MACD of 0.37 indicates Negative momentum. The RSI at 58.21 is Neutral, neither overbought nor oversold. The STOCH value of 81.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AHR.

American Healthcare REIT, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WELL	78 Outperform	$96.09B	177.75	3.32%	1.75%	20.40%	57.80%
AHR	72 Outperform	$4.72B	―	-2.14%	3.38%	11.17%	―
DOC	72 Outperform	$14.57B	55.86	3.29%	5.89%	23.82%	-37.59%
HCP	70 Outperform	$7.11B	―	-9.98%	―	16.29%	43.84%
VTR	63 Neutral	$29.99B	343.00	0.80%	2.64%	9.48%	―
HR	60 Neutral	$5.92B	―	-10.95%	7.46%	-5.62%	-140.10%
Sector *	55 Neutral	$4.58B	-19.70	-4.70%	5.70%	27.38%	-68.17%

American Healthcare REIT, Inc. Corporate Events

American Healthcare REIT Announces Quarterly Distribution

On March 19, 2025, American Healthcare REIT, Inc. announced that its board of directors authorized a quarterly distribution of $0.25 per share for the first quarter of 2025, ending on March 31. This distribution, equating to an annualized rate of $1.00 per share, will be paid in cash on or about April 17, 2025, to shareholders of record as of March 31, 2025.

American Healthcare REIT Reports 2024 Financial Results

On February 27, 2025, American Healthcare REIT, Inc. announced its financial results for the fourth quarter and full year of 2024, reporting a GAAP net loss attributable to controlling interest of $31.8 million for the quarter and $37.8 million for the year. Despite these losses, the company achieved significant Same-Store Net Operating Income (NOI) growth, particularly in its senior housing operating properties (SHOP) and integrated senior health campuses (ISHC) segments. The company also raised substantial capital through equity offerings and an at-the-market equity program, improving its balance sheet and positioning itself for continued growth in 2025. AHR’s strategic focus on senior housing investments has proven successful, with expectations for further growth driven by strong senior housing fundamentals.