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American Healthcare REIT AHR SHOP — Operating Lease Expense

Other segment segments

Integrated Senior Health Campuses
$6.76M-9.8%
Outpatient Medical
$0
Triple Net Leased Properties
$0

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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:OperatingLeaseExpense.

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
Compensation expense257,37347,653
Controllable expenses(2)154,27328,510
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

Item 1. Financial Statements (Unaudited)

FAQ

What is American Healthcare REIT's SHOP — operating lease expense?
American Healthcare REIT (AHR) reported SHOP — operating lease expense of $0 in Q1 2026.
What does SHOP — operating lease expense mean?
The costs incurred by the company for leasing properties or equipment used in the SHOP segment operations. This reflects the financial obligation for leased assets rather than owned assets.

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