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American Healthcare REIT AHR Tenant Improvement Overage

Discontinued — last reported Q4 '25

Tenant Improvement Overage at other companies

Deckers Outdoor Corporation logo
Deckers Outdoor CorporationDECK
$0
Evercore logo
EvercoreEVR
$16.56M-4.3%
Arrowhead Research logo
Arrowhead ResearchARWR
7%-2.0pp
Arrowhead Research logo
Arrowhead ResearchARWR
$3.1M-88.8%
Arrowhead Research logo
Arrowhead ResearchARWR
$3.1M0.0%
Deckers Outdoor Corporation logo
Deckers Outdoor CorporationDECK
$0

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 ahr:TenantImprovementOverage.

The official record: American Healthcare REIT’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Healthcare REIT's tenant improvement overage?
American Healthcare REIT (AHR) reported tenant improvement overage of $144K in Q4 2025.
How has American Healthcare REIT's tenant improvement overage changed year-over-year?
American Healthcare REIT's tenant improvement overage decreased by 86.9% year-over-year, from $1.1M to $144K.
What is the long-term trend for American Healthcare REIT's tenant improvement overage?
Over 2 years (2022 to 2025), American Healthcare REIT's tenant improvement overage has grown at a -53.2% compound annual growth rate (CAGR), from $1.41M to $308K.
What does tenant improvement overage mean?
Costs for tenant improvements that exceed the standard allowance provided in the lease.
How do you interpret tenant improvement overage?
High overages may indicate competitive pressure to attract tenants or high-spec property requirements.
How does tenant improvement overage compare across companies?
Specific to commercial real estate; peers report this to clarify the net cost of tenant acquisition.