American Healthcare Reit, Inc. (AHR) Financial Statements
American Healthcare Reit financial statements at a glance
American Healthcare Reit reported revenue of $2.26 billion for fiscal year 2025 (ended December 31, 2025), up 9.1% from fiscal year 2024. Net income was $69.81 million, a net margin of 3.1%, and diluted earnings per share were $0.42.
At the end of fiscal year 2025 it had total assets of $5.43 billion, total liabilities of $2.07 billion and shareholders' equity of $3.32 billion, with cash and short-term investments of $114.84 million and total debt of $1.69 billion.
Its operations brought in $294.44 million of cash; capital spending was $128.56 million, leaving free cash flow of $165.88 million.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
American Healthcare Reit, Inc.
Income Statement
Annual • USD
American Healthcare Reit key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.1B | $1.9B | $1.6B | $1.3B |
| Gross profit | $466.6M | $416.8M | $356.8M | $336.0M | $235.1M |
| Operating income | $168.9M | $136.8M | $76.7M | $90.6M | $36.9M |
| Net income | $69.8M | -$37.8M | -$71.5M | -$81.3M | -$47.8M |
| Diluted EPS | $0.42 | -$0.29 | -$1.08 | -$1.23 | -$0.72 |
| Total assets | $5.4B | $4.5B | $4.6B | $4.8B | $4.6B |
| Total liabilities | $2.1B | $2.2B | $3.1B | $3.1B | $2.8B |
| Shareholders' equity | $3.3B | $2.3B | $1.3B | $1.4B | $1.6B |
| Cash and short-term investments | $114.8M | $76.7M | $43.4M | $65.1M | $81.6M |
| Total debt | $1.7B | $1.9B | $2.8B | $2.8B | $2.5B |
| Operating cash flow | $294.4M | $176.1M | $98.5M | $147.8M | $17.9M |
| Capital spending | $128.6M | $91.9M | $99.8M | $71.5M | $79.7M |
| Free cash flow | $165.9M | $84.1M | -$1.3M | $76.2M | -$61.8M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was American Healthcare Reit's revenue in fiscal year 2025?
$2.26 billion, up 9.1% from $2.07 billion in fiscal year 2024.
How much profit does American Healthcare Reit make?
American Healthcare Reit reported net income of $69.81 million for fiscal year 2025 (3.1% of revenue); operating income was $168.87 million.
How much cash and debt does American Healthcare Reit have?
At the end of fiscal year 2025: cash and short-term investments of $114.84 million and total debt of $1.69 billion.
What is American Healthcare Reit's free cash flow?
$165.88 million in fiscal year 2025 (operating cash flow of $294.44 million minus capital spending of $128.56 million).
