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American Healthcare REIT AHR Triple Net Leased Properties — Operating Lease Expense

Other segment segments

Integrated Senior Health Campuses
$6.76M-9.8%
Outpatient Medical
$0
SHOP
$0

Similar metrics at other companies

VTR
VTRTriple-Net Leased Properties — Property-level operating expenses
$2.9M-17.7%
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WELLTriple-net — Compensation
$28K+133%
VTR
VTRNNN — Property-level operating expenses
$2.9M-17.7%
Welltower logo
WELLTriple-net — Other segment expenses
$1.76M-35.1%
PEA
PEAKSenior housing triple-net — Operating Expenses
PEA
PEAKSenior Housing Triple Net — Operating Leases Income Statement Lease Revenue

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:OperatingLeaseExpense.

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 — operating lease expense?
American Healthcare REIT (AHR) reported triple net leased properties — operating lease expense of $0 in Q1 2026.
What is the long-term trend for American Healthcare REIT's triple net leased properties — operating lease expense?
Over 4 years (2021 to 2025), American Healthcare REIT's triple net leased properties — operating lease expense has grown at a -100.0% compound annual growth rate (CAGR), from $2.35M to $0.
What does triple net leased properties — operating lease expense mean?
Costs paid by the company to lease properties from others.
How do you interpret triple net leased properties — operating lease expense?
Higher expenses indicate a larger reliance on leased assets rather than owned assets, impacting net margins.
How does triple net leased properties — operating lease expense compare across companies?
Comparable to 'Lease Expense' or 'Ground Lease Expense' in REIT portfolios.