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American Healthcare REIT AHR Triple Net Leased Properties — Labor And Related Expense

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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:LaborAndRelatedExpense.

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
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
Facility rental expense(4)6,761
Other segment items(5)12,124976

Item 1. Financial Statements (Unaudited)

FAQ

What is American Healthcare REIT's triple net leased properties — labor and related expense?
American Healthcare REIT (AHR) reported triple net leased properties — labor and related expense of $0 in Q1 2026.
What does triple net leased properties — labor and related expense mean?
Includes all costs associated with personnel, such as salaries, benefits, and payroll taxes, specifically allocated to the triple-net leased properties segment. In a pure triple-net model, this is typically minimal or zero.

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