How do you interpret skilled nursing facilities — cost of real estate revenue?

A decrease relative to revenue indicates improved operational efficiency, while an increase may signal rising maintenance or utility costs.

How does skilled nursing facilities — cost of real estate revenue compare across companies?

Commonly reported as 'Property Operating Expenses' in segment-level financial disclosures for REITs.

American Healthcare REIT AHR Skilled Nursing Facilities — Cost Of Real Estate Revenue

Discontinued — last reported Q2 '18

Similar metrics at other companies

WPCOwned Real Estate — Cost Of Revenue

$10.15M+81.7%

ABROperating Segments — Cost Of Real Estate Revenue

$2.8M+6.0%

AMHReportable Legal Entities — Cost Of Real Estate Revenue

$100.98M+21.3%

PEA

PEAKPost Acute And Skilled Nursing — Operating Expenses

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PEA

PEAKReal Estate — Cost of Goods Sold

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PEA

PEAKSenior Housing Operating Portfolio — Cost Of Real Estate Revenue

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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:CostOfRealEstateRevenue.

The official record: American Healthcare REIT’s 10-Q, filed August 10, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does skilled nursing facilities — cost of real estate revenue mean?: The direct costs incurred to operate and maintain the skilled nursing facilities that generate rental revenue.
How do you interpret skilled nursing facilities — cost of real estate revenue?: A decrease relative to revenue indicates improved operational efficiency, while an increase may signal rising maintenance or utility costs.
How does skilled nursing facilities — cost of real estate revenue compare across companies?: Commonly reported as 'Property Operating Expenses' in segment-level financial disclosures for REITs.