American Healthcare REIT AHR Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Integrated Senior Health Campuses | $1.84B+4.2% | $1.77B+2.5% | $1.73B+2.4% | $1.69B+1.8% | $1.66B+2.2% | |
| Outpatient Medical | $123.73M-1.9% | $126.08M-2.2% | $128.91M-1.9% | $131.44M-1.8% | $133.87M-0.6% | |
| SHOP | $363.78M+11.8% | $325.24M+7.8% | $301.83M+5.3% | $286.7M+4.8% | $273.47M+3.6% | |
| Triple Net Leased Properties | $39.47M-0.2% | $39.54M-7.0% | $42.53M-7.7% | $46.09M-6.0% | $49.02M-6.0% | |
| Total Assets by Business | ||||||
| All Other Segments | $119.97M-3.2% | $124M+8.9% | $113.83M+25.1% | $90.96M+22.4% | $74.29M-9.5% | |
| Integrated Senior Health Campuses | $10.07B+5.3% | $9.57B+5.3% | $9.08B+2.5% | $8.86B— | —— | |
| Outpatient Medical | $4.21B-1.6% | $4.28B-2.1% | $4.37B-3.2% | $4.52B— | —— | |
| SHOP | $4.32B+19.8% | $3.61B+17.8% | $3.06B+3.2% | $2.97B— | —— | |
| Triple Net Leased Properties | $1.59B-0.5% | $1.59B-0.5% | $1.6B-5.9% | $1.7B— | —— | |
| Operating Income by Business | ||||||
| Integrated Senior Health Campuses | $256.04M+7.9% | $237.28M+4.1% | $227.97M+6.0% | $215.04M+7.4% | $200.28M+5.8% | |
| Outpatient Medical | $75.63M-2.3% | $77.42M-2.6% | $79.5M-2.4% | $81.44M-2.3% | $83.39M-0.6% | |
| SHOP | $77.77M+22.1% | $63.7M+14.6% | $55.58M+9.7% | $50.68M+10.4% | $45.89M+12.9% | |
| Triple Net Leased Properties | $36.68M-0.2% | $36.77M-7.3% | $39.67M-8.3% | $43.27M-6.6% | $46.34M-6.9% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Integrated Senior Health Campuses | $0— | $0— | $0— | $0— | $0— | |
| Outpatient Medical | $48.1M-1.2% | $48.66M-1.5% | $49.41M-1.2% | $50M-0.9% | $50.48M-0.8% | |
| SHOP | $0— | $0— | $0— | $0— | $0— | |
| Triple Net Leased Properties | $2.79M+0.6% | $2.77M-3.1% | $2.86M+1.3% | $2.82M+5.5% | $2.67M+13.6% | |
| Operating Lease Lease Income by Business | ||||||
| Integrated Senior Health Campuses | $0— | $0— | $0— | $0— | $0— | |
| Outpatient Medical | $123.73M-1.9% | $126.08M-2.2% | $128.91M-1.9% | $131.44M-1.8% | $133.87M-0.6% | |
| SHOP | $0— | $0— | $0— | $0— | $0— | |
| Triple Net Leased Properties | $39.47M-0.2% | $39.54M-7.0% | $42.53M-7.7% | $46.09M-6.0% | $49.02M-6.0% | |
| Percentage Of Annual Base Rent by Business | ||||||
| Integrated Senior Health Campuses | 229.9%+3.4pp | 226.5%+1.4pp | 225.1%+2.3pp | 222.8%+5.2pp | 217.6%+8.2pp | |
| Outpatient Medical | 76.6%-7.8pp | 84.4%-5.8pp | 90.2%-3.2pp | 93.4%— | —— | |
| SHOP | 66%+6.1pp | 59.9%+5.2pp | 54.7%+3.2pp | 51.5%+3.6pp | 47.9%+0.7pp | |
| Triple Net Leased Properties | 27.5%-1.7pp | 29.2%-0.8pp | 30%-2.3pp | 32.3%-3.3pp | 35.6%-4.1pp | |
| Real Estate Taxes And Insurance by Business | ||||||
| Integrated Senior Health Campuses | $44.25M+0.7% | $43.93M+1.2% | $43.4M+1.0% | $42.96M+2.4% | $41.97M+8.2% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $16.73M+9.8% | $15.23M+2.3% | $14.89M-2.0% | $15.19M-4.0% | $15.82M-2.2% | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0— | $0— | |
| Operating Lease Expense by Business | ||||||
| Integrated Senior Health Campuses | $27.92M-2.6% | $28.66M-2.7% | $29.45M-2.0% | $30.04M-2.0% | $30.65M-4.2% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $0— | $0— | $0— | $0— | $0— | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0-100% | $652K-49.5% | |
| Goodwill by Business | ||||||
| Integrated Senior Health Campuses | $672.71M0.0% | $672.71M0.0% | $672.71M0.0% | $672.71M0.0% | $672.71M0.0% | |
| Outpatient Medical | $191.25M0.0% | $191.25M0.0% | $191.25M0.0% | $191.25M— | —— | |
| Triple Net Leased Properties | $75.81M0.0% | $75.81M0.0% | $75.81M0.0% | $75.81M0.0% | $75.81M0.0% | |
| Capital Expenditures Incurred by Business | ||||||
| Integrated Senior Health Campuses | $104.95M+12.1% | $93.65M+21.9% | $76.83M+20.7% | $63.65M+18.8% | $53.58M+21.4% | |
| Outpatient Medical | $32.97M+1.1% | $32.61M+74.2% | $18.72M+13.5% | $16.49M— | —— | |
| SHOP | $17.83M+8.6% | $16.42M-14.5% | $19.2M-13.6% | $22.23M+2.7% | $21.65M0.0% | |
| Triple Net Leased Properties | $672K+58.5% | $424K+40.4% | $302K-48.6% | $588K+15.5% | $509K0.0% | |
| Utilities Food Repairs And Maintenance And Other Operating Expenses by Business | ||||||
| Integrated Senior Health Campuses | $571.73M+3.1% | $554.62M+2.7% | $539.83M+2.2% | $528.22M+1.1% | $522.27M+2.2% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $98.31M+10.5% | $88.99M+6.5% | $83.57M+4.6% | $79.88M+5.0% | $76.11M+2.6% | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0— | $0— | |
| Labor And Related Expense by Business | ||||||
| Integrated Senior Health Campuses | $943.38M+4.3% | $904.78M+2.2% | $884.89M+1.8% | $869.17M+1.0% | $860.21M+1.4% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $170.97M+8.7% | $157.32M+6.4% | $147.79M+4.9% | $140.95M+3.9% | $135.66M+2.0% | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0— | $0— | |
| Percentage Of Annual Base Rent by Geography | ||||||
| IN | 147.7%-11.2pp | 158.9%-2.2pp | 161.1%+9.1pp | 152%— | —— | |
| OH | 52.7%+0.6pp | 52.1%-0.3pp | 52.4%-0.3pp | 52.7%— | —— | |
| Real Estate Investment Property Net by Geography | ||||||
| US | $15.27B+6.9% | $14.29B+6.0% | $13.48B+0.5% | $13.41B-1.2% | $13.58B-1.0% | |
| Revenue by Geography | ||||||
| US | $2.36B+4.9% | $2.25B+2.8% | $2.19B+2.3% | $2.14B+1.8% | $2.11B+2.0% |
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.
