American Healthcare REIT AHR Q2 2026 earnings

“Our results this quarter reflect a deliberate strategy: concentrate capital in senior housing and care, partner with operators who deliver quality outcomes, and support them with our platform that improves how those assets perform. That approach produced our tenth consecutive quarter of double-digit Same-Store NOI growth. We combined that strong organic growth with over $1.4 billion in new investments year-to-date. Our conviction in this opportunity is not new. We have been building toward it for years. What has strengthened is our capacity to act on it at scale. Our underwriting standards have not changed; what has changed is the quality and depth of the opportunities available to us, which reflects our strengthening position as the industry's partner of choice. Page | 1 Second Quarter 2026 Results The Company's Same-Store NOI growth results for the three and six months ended June 30, 2026 are detailed below. Same-Store NOI growth in the second quarter of 2026, compared to the same period in 2025, was led by the Company's operating portfolio, comprised of its ISHC and SHOP segments, through disciplined revenue management and effective expense control by its regional operating partners. Three Months Ended June 30, 2026 Relative to Three Months Ended June 30, 2025 Segment Same-Store NOI Growth ISHC 16.1 % SHOP 20.5 % Outpatient Medical 1.7 % Triple-Net Leased Properties 2.1 % Total Portfolio 13.2 % Six Months Ended June 30, 2026 Relative to Six Months Ended June 30, 2025 Segment Same-Store NOI Growth ISHC 15.3 % SHOP 20.1 % Outpatient Medical 1.6 % Triple-Net Leased Properties 3.3 % Total Portfolio 12.7 %.”