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Discontinued — last reported Q1 '26

Net debt at other companies

LPL Financial Holdings logo
LPL Financial HoldingsLPLA
$7.18B+26.3%
Ready Capital logo
Ready CapitalRC
$536.97M-34.3%
FTAI Aviation Ltd. logo
FTAI Aviation Ltd.FTAI
$2.5B+53.8%
Cigna logo
CignaCI
-$13M+98.5%
American Healthcare REIT logo
American Healthcare REITAHR
American Healthcare REIT logo
American Healthcare REITAHR

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

Calculated from American Healthcare REIT’s reported figures.

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 net debt?
American Healthcare REIT (AHR) reported net debt of $1.04B in Q1 2026.
How has American Healthcare REIT's net debt changed year-over-year?
American Healthcare REIT's net debt decreased by 16.1% year-over-year, from $1.24B to $1.04B.
What is the long-term trend for American Healthcare REIT's net debt?
Over 5 years (2020 to 2025), American Healthcare REIT's net debt has grown at a 75.5% compound annual growth rate (CAGR), from $60.21M to $1B.
What does net debt mean?
Debt left over after using all the company's cash to pay it down.
How do you interpret net debt?
A negative value means net cash — more cash than debt, a position of strength. The numerator of net-debt/EBITDA, the most common leverage yardstick.
How does net debt compare across companies?
Most informative as net-debt/EBITDA; cash-rich balance sheets can show large total debt yet little or negative net debt.