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+11.4% | $1.77B+9.2% | $1.73B+8.6% | $1.69B+8.6% | $1.66B+8.9% | |
| Outpatient Medical | $123.73M-7.6% | $126.08M-6.4% | $128.91M-47.9% | $131.44M-38.5% | $133.87M— | |
| SHOP | $363.78M+33.0% | $325.24M+23.2% | $301.83M+26.4% | $286.7M+33.1% | $273.47M+37.4% | |
| Triple Net Leased Properties | $39.47M-19.5% | $39.54M-24.2% | $42.53M-49.3% | $46.09M-34.7% | $49.02M-15.0% | |
| Total Assets by Business | ||||||
| All Other Segments | $119.97M+61.5% | $124M+51.1% | $113.83M+36.7% | $90.96M-3.6% | $74.29M-22.3% | |
| Integrated Senior Health Campuses | $10.07B— | $9.57B— | $9.08B— | $8.86B— | —— | |
| Outpatient Medical | $4.21B— | $4.28B— | $4.37B— | $4.52B— | —— | |
| SHOP | $4.32B— | $3.61B— | $3.06B— | $2.97B— | —— | |
| Triple Net Leased Properties | $1.59B— | $1.59B— | $1.6B— | $1.7B— | —— | |
| Operating Income by Business | ||||||
| Integrated Senior Health Campuses | $256.04M+27.8% | $237.28M+25.4% | $227.97M+28.4% | $215.04M+28.9% | $200.28M+23.5% | |
| Outpatient Medical | $75.63M-9.3% | $77.42M-7.7% | $79.5M-8.5% | $81.44M-7.3% | $83.39M— | |
| SHOP | $77.77M+69.5% | $63.7M+56.8% | $55.58M+61.3% | $50.68M+80.8% | $45.89M+110% | |
| Triple Net Leased Properties | $36.68M-20.8% | $36.77M-26.1% | $39.67M-20.8% | $43.27M-9.3% | $46.34M-4.8% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Integrated Senior Health Campuses | $0— | $0— | $0— | $0— | $0— | |
| Outpatient Medical | $48.1M-4.7% | $48.66M-4.4% | $49.41M-5.0% | $50M-5.6% | $50.48M-6.4% | |
| SHOP | $0— | $0— | $0— | $0— | $0— | |
| Triple Net Leased Properties | $2.79M+4.3% | $2.77M+17.7% | $2.86M+12.3% | $2.82M+0.8% | $2.67M-7.8% | |
| Operating Lease Lease Income by Business | ||||||
| Integrated Senior Health Campuses | $0— | $0— | $0— | $0— | $0— | |
| Outpatient Medical | $123.73M-7.6% | $126.08M-6.4% | $128.91M-6.4% | $131.44M-5.9% | $133.87M— | |
| SHOP | $0— | $0— | $0— | $0— | $0— | |
| Triple Net Leased Properties | $39.47M-19.5% | $39.54M-24.2% | $42.53M-19.0% | $46.09M-8.8% | $49.02M-5.0% | |
| Percentage Of Annual Base Rent by Business | ||||||
| Integrated Senior Health Campuses | 229.9%+12.3pp | 226.5%+17.1pp | 225.1%+18.8pp | 222.8%+24.7pp | 217.6%+27.9pp | |
| Outpatient Medical | 76.6%— | 84.4%— | 90.2%— | 93.4%— | —— | |
| SHOP | 66%+18.1pp | 59.9%+12.7pp | 54.7%+12.2pp | 51.5%+13.2pp | 47.9%+13.5pp | |
| Triple Net Leased Properties | 27.5%-8.1pp | 29.2%-10.5pp | 30%-13.5pp | 32.3%— | 35.6%— | |
| Real Estate Taxes And Insurance by Business | ||||||
| Integrated Senior Health Campuses | $44.25M+5.4% | $43.93M+13.2% | $43.4M+12.9% | $42.96M+15.1% | $41.97M+12.0% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $16.73M+5.7% | $15.23M-5.8% | $14.89M-3.7% | $15.19M+2.1% | $15.82M+11.7% | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0— | $0— | |
| Operating Lease Expense by Business | ||||||
| Integrated Senior Health Campuses | $27.92M-8.9% | $28.66M-10.4% | $29.45M-52.0% | $30.04M-44.1% | $30.65M-33.2% | |
| Outpatient Medical | $0— | $0— | $0+100% | $0+100% | $0— | |
| SHOP | $0— | $0— | $0— | $0— | $0— | |
| Triple Net Leased Properties | $0-100% | $0-100% | $0+100% | $0+100% | $652K+538% | |
| Goodwill by Business | ||||||
| Integrated Senior Health Campuses | $672.71M0.0% | $672.71M0.0% | $672.71M0.0% | $672.71M0.0% | $672.71M0.0% | |
| Outpatient Medical | $191.25M— | $191.25M— | $191.25M— | $191.25M— | —— | |
| Triple Net Leased Properties | $75.81M0.0% | $75.81M0.0% | $75.81M0.0% | $75.81M— | $75.81M— | |
| Capital Expenditures Incurred by Business | ||||||
| Integrated Senior Health Campuses | $104.95M+95.9% | $93.65M+112% | $76.83M+42.2% | $63.65M+35.5% | $53.58M-10.1% | |
| Outpatient Medical | $32.97M— | $32.61M— | $18.72M— | $16.49M— | —— | |
| SHOP | $17.83M-17.6% | $16.42M-24.2% | $19.2M-36.7% | $22.23M-18.1% | $21.65M-15.0% | |
| Triple Net Leased Properties | $672K+32.0% | $424K-16.7% | $302K-46.1% | $588K+48.1% | $509K+61.6% | |
| Utilities Food Repairs And Maintenance And Other Operating Expenses by Business | ||||||
| Integrated Senior Health Campuses | $571.73M+9.5% | $554.62M+8.5% | $539.83M+8.3% | $528.22M+8.3% | $522.27M+8.8% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $98.31M+29.2% | $88.99M+19.9% | $83.57M+23.4% | $79.88M+26.7% | $76.11M+27.0% | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0— | $0— | |
| Labor And Related Expense by Business | ||||||
| Integrated Senior Health Campuses | $943.38M+9.7% | $904.78M+6.6% | $884.89M+7.4% | $869.17M+7.7% | $860.21M+7.7% | |
| Outpatient Medical | $0— | $0— | $0— | $0— | $0— | |
| SHOP | $170.97M+26.0% | $157.32M+18.3% | $147.79M+22.2% | $140.95M+26.0% | $135.66M+31.4% | |
| Triple Net Leased Properties | $0— | $0— | $0— | $0— | $0— | |
| Percentage Of Annual Base Rent by Geography | ||||||
| IN | 147.7%— | 158.9%— | 161.1%— | 152%— | —— | |
| OH | 52.7%— | 52.1%— | 52.4%— | 52.7%— | —— | |
| Real Estate Investment Property Net by Geography | ||||||
| US | $15.27B+12.5% | $14.29B+4.2% | $13.48B-2.2% | $13.41B-1.9% | $13.58B-0.5% | |
| Revenue by Geography | ||||||
| US | $2.36B+12.3% | $2.25B+9.2% | $2.19B— | $2.14B— | $2.11B— |
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.
