How has American Healthcare REIT's hospitals — rental expenses changed year-over-year?

American Healthcare REIT's hospitals — rental expenses decreased by 12.2% year-over-year, from $98K to $86K.

What does hospitals — rental expenses mean?

Expenses related to the rental of hospital properties.

How do you interpret hospitals — rental expenses?

Changes in this metric often reflect shifts in lease structures or contractual obligations rather than operational performance.

How does hospitals — rental expenses compare across companies?

Common in REITs that utilize ground leases or master lease arrangements.

American Healthcare REIT AHR Hospitals — Rental expenses

Discontinued — last reported Q3 '23

Other segment segments

Integrated Senior Health Campuses

$6.76M-9.8%

Outpatient Medical

$0—

SHOP

$0—

Triple Net Leased Properties

$0—

Similar metrics at other companies

EHCInpatient Rehabilitation — Occupancy costs

$15.2M+2.0%

EHCInpatient Rehabilitation Segment — Occupancy costs

$15.2M+2.0%

EHCInpatient Rehabilitation — Occupancy Cost

$15.7M+4.7%

EHCInpatient Rehabilitation Hospital — Occupancy Cost

$15.4M+43.9%

PEA

PEAKHospital — Rental Revenues

——

PEA

PEAKHospital — Interest Income Operating

——

Other financials

Income statement

See full

Revenue$650.8M+20.4%

Gross profit$138.6M+28.1%

Net income$23.7M+449%

EPS (diluted)$0.13+425%

Balance sheet

See full

Cash & equivalents$156.9M+23.1%

Total debt$1.2B-12.5%

Total equity$3.5B+53.9%

Total assets$5.6B+25.4%

Cash flow

See full

Operating cash flow$81.1M+33.7%

CapEx$2.1M—

Free cash flow-$7.1M—

Valuation

See full

Market cap$9.62B+85.7%

Enterprise value$10.66B+64.7%

P/E95.9×—

P/S4.4×+1.7×

Profitability

See full

Gross margin18%+6.1pp

Operating margin-21.2%—

Net margin4.6%+3.5pp

FCF margin11.2%—

Returns & leverage

See full

Return on equity3.5%+2.6pp

Debt / equity0.3×-0.3×

Where this comes from

Reported directly by American Healthcare REIT in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseExpense.

The official record: American Healthcare REIT’s 10-Q, filed November 13, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Healthcare REIT's hospitals — rental expenses?: American Healthcare REIT (AHR) reported hospitals — rental expenses of $86K in Q3 2023.
How has American Healthcare REIT's hospitals — rental expenses changed year-over-year?: American Healthcare REIT's hospitals — rental expenses decreased by 12.2% year-over-year, from $98K to $86K.
What does hospitals — rental expenses mean?: Expenses related to the rental of hospital properties.
How do you interpret hospitals — rental expenses?: Changes in this metric often reflect shifts in lease structures or contractual obligations rather than operational performance.
How does hospitals — rental expenses compare across companies?: Common in REITs that utilize ground leases or master lease arrangements.