How do you interpret triple net leased properties — labor and related expense?

An increase in this expense for a triple-net segment may indicate a shift in operating model or increased property management oversight.

How does triple net leased properties — labor and related expense compare across companies?

Comparable to 'Property-level Payroll' or 'Operating Personnel Expenses' in other REIT segments.

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

Other segment segments

Integrated Senior Health Campuses

$257.37M+17.6%

SHOP

$47.65M+40.1%

Outpatient Medical

$0—

Similar metrics at other companies

VTR

VTRTriple-Net Leased Properties — Property-level operating expenses

$2.9M-17.7%

WELLTriple-net — Compensation

$28K+133%

WELLTriple-net — Other segment expenses

$1.76M-35.1%

WELLTriple-net — Property taxes

$5.8M-2.7%

PEA

PEAKSenior housing triple-net — Operating Expenses

——

PEA

PEAKSenior housing triple-net — Transaction costs

——

Other financials

Income statement

See full

Revenue$650.8M+20.4%

Gross profit$138.6M+28.1%

Net income$23.7M+449%

EPS (diluted)$0.13+425%

Balance sheet

See full

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

See full

Operating cash flow$81.1M+33.7%

CapEx$2.1M—

Free cash flow-$7.1M—

Valuation

See full

Market cap$9.62B+85.7%

Enterprise value$10.66B+64.7%

P/E95.9×—

P/S4.4×+1.7×

Profitability

See full

Gross margin18%+6.1pp

Operating margin-21.2%—

Net margin4.6%+3.5pp

FCF margin11.2%—

Returns & leverage

See full

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 official record: American Healthcare REIT’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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?: Personnel-related costs incurred for the operation of triple-net properties.
How do you interpret triple net leased properties — labor and related expense?: An increase in this expense for a triple-net segment may indicate a shift in operating model or increased property management oversight.
How does triple net leased properties — labor and related expense compare across companies?: Comparable to 'Property-level Payroll' or 'Operating Personnel Expenses' in other REIT segments.