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American Healthcare REIT AHR Integrated Senior Health Campuses — Operating Income

Other segment segments

SHOP
$25.84M+120%
Outpatient Medical
$18.72M-8.7%
Triple Net Leased Properties
$9.19M-0.9%

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Other financials

Income statement

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Revenue$650.8M+20.4%
Gross profit$138.6M+28.1%
Net income$23.7M+449%
EPS (diluted)$0.13+425%

Balance sheet

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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

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Operating cash flow$81.1M+33.7%
CapEx$2.1M
Free cash flow-$7.1M

Valuation

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Market cap$10.7B+69.1%
Enterprise value$11.74B+56.5%
P/E106.6×
P/S4.9×+1.6×

Profitability

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Gross margin18%+6.1pp
Operating margin-21.2%
Net margin4.6%+3.5pp
FCF margin11.2%

Returns & leverage

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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:OperatingIncomeLoss.

The source filing: American Healthcare REIT’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:16 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-214678
Line itemISHCSHOPOMTriple-Net Leased PropertiesThree Months Ended March 31, 2026
Non-controllable expenses(3)12,5775,024
Facility rental expense(4)6,761
Other segment items(5)12,124976
Segment net operating income$71,759$25,837$18,718$9,189$125,503
General and administrative$17,605
Transaction, transition and restructuring costs1,971
Depreciation and amortization67,062
Interest expense:

Item 1. Financial Statements (Unaudited)

FAQ

What is American Healthcare REIT's integrated senior health campuses — operating income?
American Healthcare REIT (AHR) reported integrated senior health campuses — operating income of $71.76M in Q1 2026.
How has American Healthcare REIT's integrated senior health campuses — operating income changed year-over-year?
American Healthcare REIT's integrated senior health campuses — operating income increased by 35.4% year-over-year, from $52.99M to $71.76M.
What is the long-term trend for American Healthcare REIT's integrated senior health campuses — operating income?
Over 4 years (2021 to 2025), American Healthcare REIT's integrated senior health campuses — operating income has grown at a 25.4% compound annual growth rate (CAGR), from $95.87M to $237.28M.
What does integrated senior health campuses — operating income mean?
Calculated as the segment's total revenue minus its direct operating expenses, including labor, maintenance, taxes, and lease costs. This is the primary measure of the segment's core profitability before corporate-level allocations.

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