American Healthcare REIT AHR Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Integrated Senior Health Campuses | $502.74M+7.6% | $467.03M+3.8% | $449.72M+6.1% | $423.83M-1.1% | $428.69M+1.3% | |
| Outpatient Medical | $30.84M+1.3% | $30.45M-2.3% | $31.18M-0.2% | $31.25M-5.8% | $33.19M-0.2% | |
| SHOP | $107.02M+10.4% | $96.96M+17.8% | $82.34M+6.3% | $77.46M+13.1% | $68.48M-6.9% | |
| Triple Net Leased Properties | $10.17M+5.4% | $9.64M-0.6% | $9.7M-2.7% | $9.96M-2.6% | $10.23M-19.0% | |
| Total Assets by Business | ||||||
| All Other Segments | $19.43M-17.7% | $23.61M-31.6% | $34.5M-18.7% | $42.44M+80.9% | $23.46M+74.5% | |
| Integrated Senior Health Campuses | $2.72B+1.2% | $2.69B+9.7% | $2.45B+10.4% | $2.22B+0.1% | $2.21B+0.5% | |
| Outpatient Medical | $1.04B-0.7% | $1.05B-0.3% | $1.05B-1.4% | $1.07B-4.0% | $1.11B-2.6% | |
| SHOP | $1.43B+12.0% | $1.27B+51.7% | $839.42M+7.9% | $777.83M+8.9% | $714.26M-2.1% | |
| Triple Net Leased Properties | $393.01M-0.2% | $393.95M-0.6% | $396.47M-1.5% | $402.7M+0.4% | $400.97M-0.2% | |
| Operating Income by Business | ||||||
| Integrated Senior Health Campuses | $71.76M+14.1% | $62.9M+2.6% | $61.32M+2.1% | $60.07M+13.4% | $52.99M-1.1% | |
| Outpatient Medical | $18.72M0.0% | $18.72M-2.1% | $19.13M+0.3% | $19.06M-7.1% | $20.51M-1.4% | |
| SHOP | $25.84M+24.2% | $20.8M+28.3% | $16.21M+8.5% | $14.93M+27.0% | $11.76M-7.2% | |
| Triple Net Leased Properties | $9.19M+0.2% | $9.17M+0.1% | $9.16M-0.1% | $9.17M-1.2% | $9.28M-23.1% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Integrated Senior Health Campuses | $0— | $0— | $0— | $0— | $0— | |
| Outpatient Medical | $12.12M+3.3% | $11.73M-2.7% | $12.05M-1.1% | $12.19M-3.9% | $12.69M+1.7% | |
| SHOP | $0— | $0— | $0— | $0— | $0— | |
| Triple Net Leased Properties | $976K+105% | $475K-11.9% | $539K-32.5% | $798K-16.7% | $958K+70.2% | |
| Operating Lease Lease Income by Business | ||||||
| Integrated Senior Health Campuses | $0— | $0— | $0— | $0— | $0— | |
| Outpatient Medical | $30.84M+1.3% | $30.45M-2.3% | $31.18M-0.2% | $31.25M-5.8% | $33.19M-0.2% | |
| SHOP | $0— | $0— | $0— | $0— | $0— | |
| Triple Net Leased Properties | $10.17M+5.4% | $9.64M-0.6% | $9.7M-2.7% | $9.96M-2.6% | $10.23M-19.0% | |
| Percentage Of Annual Base Rent by Business | ||||||
| Integrated Senior Health Campuses | 58.3%+2.8pp | 55.5%-2.6pp | 58.1%+0.1pp | 58%+3.1pp | 54.9%+0.8pp | |
| Outpatient Medical | 16.5%-2.4pp | 18.9%-1.3pp | 20.2%-0.8pp | 21%-3.3pp | 24.3%-0.4pp | |
| SHOP | 19.2%+0.5pp | 18.7%+4.2pp | 14.5%+0.9pp | 13.6%+0.5pp | 13.1%-0.4pp | |
| Triple Net Leased Properties | 6%-0.9pp | 6.9%-0.3pp | 7.2%-0.2pp | 7.4%-0.3pp | 7.7%0.0pp | |
| Real Estate Taxes And Insurance by Business | ||||||
| Integrated Senior Health Campuses | $12.58M+21.5% | $10.35M-6.0% | $11.01M+6.9% | $10.31M-16.0% | $12.26M+24.9% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $5.02M+12.4% | $4.47M+20.1% | $3.72M+5.7% | $3.52M-0.2% | $3.53M-14.6% | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0— | $0— | |
| Operating Lease Expense by Business | ||||||
| Integrated Senior Health Campuses | $6.76M-1.3% | $6.85M-2.6% | $7.03M-3.4% | $7.28M-2.9% | $7.5M-1.9% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $0— | $0— | $0— | $0— | $0— | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0— | $0— | |
| Goodwill by Business | ||||||
| Integrated Senior Health Campuses | $168.18M0.0% | $168.18M0.0% | $168.18M0.0% | $168.18M0.0% | $168.18M0.0% | |
| Outpatient Medical | $47.81M0.0% | $47.81M0.0% | $47.81M0.0% | $47.81M0.0% | $47.81M0.0% | |
| Triple Net Leased Properties | $18.95M0.0% | $18.95M0.0% | $18.95M0.0% | $18.95M0.0% | $18.95M0.0% | |
| Capital Expenditures Incurred by Business | ||||||
| Integrated Senior Health Campuses | $26.51M-19.8% | $33.07M+13.8% | $29.06M+78.1% | $16.32M+7.3% | $15.21M-6.3% | |
| Outpatient Medical | $3.06M-85.4% | $20.92M+192% | $7.16M+290% | $1.84M-31.9% | $2.7M-61.7% | |
| SHOP | $4.35M+11.6% | $3.9M-24.5% | $5.17M+16.8% | $4.42M+50.7% | $2.94M-56.1% | |
| Triple Net Leased Properties | $248K+40.9% | $176K+1,078% | -$18K-107% | $266K— | $0-100% | |
| Utilities Food Repairs And Maintenance And Other Operating Expenses by Business | ||||||
| Integrated Senior Health Campuses | $154.27M+6.1% | $145.37M+3.4% | $140.59M+6.9% | $131.49M-4.1% | $137.16M+5.0% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $28.51M+9.2% | $26.11M+15.6% | $22.57M+6.9% | $21.12M+10.1% | $19.19M-7.2% | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0— | $0— | |
| Labor And Related Expense by Business | ||||||
| Integrated Senior Health Campuses | $257.37M+6.5% | $241.56M+5.1% | $229.77M+7.0% | $214.68M-1.9% | $218.78M-1.3% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $47.65M+4.5% | $45.59M+14.4% | $39.84M+5.1% | $37.89M+11.4% | $34.01M-5.7% | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0— | $0— | |
| Percentage Of Annual Base Rent by Geography | ||||||
| IN | 35.6%+2.2pp | 33.4%-4.4pp | 37.8%-3.1pp | 40.9%-5.9pp | 46.8%+11.2pp | |
| OH | 13.7%+2.2pp | 11.5%-0.7pp | 12.2%-3.1pp | 15.3%+2.2pp | 13.1%+1.3pp | |
| Real Estate Investment Property Net by Geography | ||||||
| Non Us | $42.08M-2.7% | $43.25M— | —— | —— | —— | |
| US | $4.28B+3.3% | $4.14B+16.5% | $3.56B+7.7% | $3.3B+0.2% | $3.29B-0.9% | |
| Revenue by Geography | ||||||
| Non Us | $1.67M— | —— | —— | —— | $1.55M-6.2% | |
| US | $649.11M+7.7% | $602.43M+5.5% | $571.27M+5.6% | $540.85M+0.3% | $539.05M-0.4% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does American Healthcare REIT break its business down?
- American Healthcare REIT (AHR) reports revenue by business across 4 parts — Integrated Senior Health Campuses, Outpatient Medical, SHOP and Triple Net Leased Properties. Each is extracted from the segment footnotes and tracked over time.
- Where does American Healthcare REIT's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in American Healthcare REIT's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
