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+17.3% | $467.03M+10.3% | $449.72M+9.8% | $423.83M+7.6% | $428.69M+9.0% | |
| Outpatient Medical | $30.84M-7.1% | $30.45M-8.5% | $31.18M-7.5% | $31.25M-7.2% | $33.19M-2.6% | |
| SHOP | $107.02M+56.3% | $96.96M+31.8% | $82.34M+22.5% | $77.46M+20.6% | $68.48M+16.1% | |
| Triple Net Leased Properties | $10.17M-0.7% | $9.64M-23.6% | $9.7M-26.9% | $9.96M-22.7% | $10.23M-23.3% | |
| Total Assets by Business | ||||||
| All Other Segments | $19.43M-17.2% | $23.61M+75.6% | $34.5M+197% | $42.44M+64.7% | $23.46M-24.9% | |
| Integrated Senior Health Campuses | $2.72B+22.8% | $2.69B+22.0% | $2.45B+10.1% | $2.22B— | $2.21B— | |
| Outpatient Medical | $1.04B-6.3% | $1.05B-8.1% | $1.05B-12.2% | $1.07B— | $1.11B— | |
| SHOP | $1.43B+99.7% | $1.27B+74.6% | $839.42M+12.5% | $777.83M— | $714.26M— | |
| Triple Net Leased Properties | $393.01M-2.0% | $393.95M-1.9% | $396.47M-20.3% | $402.7M— | $400.97M— | |
| Operating Income by Business | ||||||
| Integrated Senior Health Campuses | $71.76M+35.4% | $62.9M+17.4% | $61.32M+26.7% | $60.07M+32.6% | $52.99M+26.2% | |
| Outpatient Medical | $18.72M-8.7% | $18.72M-10.0% | $19.13M-9.2% | $19.06M-9.3% | $20.51M-2.2% | |
| SHOP | $25.84M+120% | $20.8M+64.1% | $16.21M+43.3% | $14.93M+47.2% | $11.76M+80.7% | |
| Triple Net Leased Properties | $9.19M-0.9% | $9.17M-24.0% | $9.16M-28.2% | $9.17M-25.1% | $9.28M-27.0% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Integrated Senior Health Campuses | $0— | $0— | $0— | $0— | $0— | |
| Outpatient Medical | $12.12M-4.4% | $11.73M-6.0% | $12.05M-4.7% | $12.19M-3.8% | $12.69M-3.1% | |
| SHOP | $0— | $0— | $0— | $0— | $0— | |
| Triple Net Leased Properties | $976K+1.9% | $475K-15.6% | $539K+7.6% | $798K+22.4% | $958K+50.2% | |
| Operating Lease Lease Income by Business | ||||||
| Integrated Senior Health Campuses | $0— | $0— | $0— | $0— | $0— | |
| Outpatient Medical | $30.84M-7.1% | $30.45M-8.5% | $31.18M-7.5% | $31.25M-7.2% | $33.19M-2.6% | |
| SHOP | $0— | $0— | $0— | $0— | $0— | |
| Triple Net Leased Properties | $10.17M-0.7% | $9.64M-23.6% | $9.7M-26.9% | $9.96M-22.7% | $10.23M-23.3% | |
| Percentage Of Annual Base Rent by Business | ||||||
| Integrated Senior Health Campuses | 58.3%+3.4pp | 55.5%+1.4pp | 58.1%+2.3pp | 58%+5.2pp | 54.9%+8.2pp | |
| Outpatient Medical | 16.5%-7.8pp | 18.9%-5.8pp | 20.2%-3.2pp | 21%— | 24.3%— | |
| SHOP | 19.2%+6.1pp | 18.7%+5.2pp | 14.5%+3.2pp | 13.6%+3.6pp | 13.1%+0.7pp | |
| Triple Net Leased Properties | 6%-1.7pp | 6.9%-0.8pp | 7.2%-2.3pp | 7.4%-3.3pp | 7.7%-4.1pp | |
| Real Estate Taxes And Insurance by Business | ||||||
| Integrated Senior Health Campuses | $12.58M+2.6% | $10.35M+5.5% | $11.01M+4.2% | $10.31M+10.6% | $12.26M+34.8% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $5.02M+42.5% | $4.47M+8.2% | $3.72M-7.5% | $3.52M-15.2% | $3.53M-9.1% | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0— | $0— | |
| Operating Lease Expense by Business | ||||||
| Integrated Senior Health Campuses | $6.76M-9.8% | $6.85M-10.4% | $7.03M-7.7% | $7.28M-7.7% | $7.5M-15.2% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $0— | $0— | $0— | $0— | $0— | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0-100% | $0-100% | |
| 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% | $47.81M— | $47.81M— | |
| 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+74.3% | $33.07M+104% | $29.06M+83.0% | $16.32M+161% | $15.21M+164% | |
| Outpatient Medical | $3.06M+13.7% | $20.92M+197% | $7.16M+45.3% | $1.84M— | $2.7M— | |
| SHOP | $4.35M+48.2% | $3.9M-41.7% | $5.17M-37.0% | $4.42M+15.3% | $2.94M-0.1% | |
| Triple Net Leased Properties | $248K— | $176K+226% | -$18K-107% | $266K+42.2% | $0— | |
| Utilities Food Repairs And Maintenance And Other Operating Expenses by Business | ||||||
| Integrated Senior Health Campuses | $154.27M+12.5% | $145.37M+11.3% | $140.59M+9.0% | $131.49M+4.7% | $137.16M+8.8% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $28.51M+48.6% | $26.11M+26.2% | $22.57M+19.5% | $21.12M+21.7% | $19.19M+11.1% | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0— | $0— | |
| Labor And Related Expense by Business | ||||||
| Integrated Senior Health Campuses | $257.37M+17.6% | $241.56M+9.0% | $229.77M+7.3% | $214.68M+4.4% | $218.78M+5.6% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $47.65M+40.1% | $45.59M+26.4% | $39.84M+20.7% | $37.89M+16.2% | $34.01M+8.5% | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0— | $0— | |
| Percentage Of Annual Base Rent by Geography | ||||||
| IN | 35.6%-11.2pp | 33.4%-2.2pp | 37.8%+9.1pp | 40.9%— | 46.8%— | |
| OH | 13.7%+0.6pp | 11.5%-0.3pp | 12.2%-0.3pp | 15.3%— | 13.1%— | |
| Real Estate Investment Property Net by Geography | ||||||
| Non Us | $42.08M— | $43.25M+3.8% | —— | —— | —— | |
| US | $4.28B+29.9% | $4.14B+24.5% | $3.56B+1.8% | $3.3B-4.8% | $3.29B-4.1% | |
| Revenue by Geography | ||||||
| Non Us | $1.67M+7.3% | —— | —— | —— | $1.55M-6.2% | |
| US | $649.11M+20.4% | $602.43M+11.3% | $571.27M+9.4% | $540.85M+7.5% | $539.05M+8.3% |
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.
