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American Healthcare REIT AHR Senior Housing — Operating Lease Expense

Discontinued — last reported Q1 '22

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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$9.62B+85.7%
Enterprise value$10.66B+64.7%
P/E95.9×
P/S4.4×+1.7×

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:OperatingLeaseExpense.

The official record: American Healthcare REIT’s 10-Q, filed May 16, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Healthcare REIT's senior housing — operating lease expense?
American Healthcare REIT (AHR) reported senior housing — operating lease expense of $179K in Q1 2022.
What does senior housing — operating lease expense mean?
The total cost paid to lease properties used for senior housing operations.
How do you interpret senior housing — operating lease expense?
An increase suggests higher lease obligations or rising rental rates, which may compress operating margins, while a decrease indicates lower rental costs or a shift toward owned properties.
How does senior housing — operating lease expense compare across companies?
Comparable to lease expenses reported by other healthcare REITs utilizing master lease structures for senior housing portfolios.