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American Healthcare REIT AHR SHOP — Operating Lease Lease Income

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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:OperatingLeaseLeaseIncome.

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
Revenues:
Resident fees and services$502,743$107,024$609,767
Real estate revenue30,84210,16541,007
Total revenues502,743107,02430,84210,165650,774
Less(1):
Compensation expense257,37347,653
Controllable expenses(2)154,27328,510
Non-controllable expenses(3)12,5775,024

Item 1. Financial Statements (Unaudited)

FAQ

What is American Healthcare REIT's SHOP — operating lease lease income?
American Healthcare REIT (AHR) reported SHOP — operating lease lease income of $0 in Q1 2026.
What does SHOP — operating lease lease income mean?
Income derived from leasing out space or facilities within the SHOP segment under operating lease agreements. This metric captures rental revenue streams distinct from direct service-based resident fees.

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