The Tip Desk

American Healthcare REIT, Inc.

Company Stats

Market Cap
$11.2B
as of Sep 30, 2026
Enterprise Value
$12.0B
Shares Outstanding
218.0M
Free Float
99.5%

Income Statement

Revenue
$2.3B
Operating Income
$415.2M
Net Income
$69.8M
EBITDA
$602.7M
Revenue Growth, 3Y
17.0%

Balance Sheet

Cash & Equivalents
$114.8M
Total Debt
$985.6M
Net Debt
$870.7M
Net Debt / EBITDA
1.44x
EV / EBITDA
19.99x
Net Debt / EBIT
2.10x

Returns & Capital

Dividends Paid
$163.5M
Dividend Yield
1.5%
Buyback Yield, 3Y Avg
0.0%
SBC, 3Y Avg
$10.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$2.3B——
FY2024$2.1B——
FY2023$1.9B——
FY2022$1.4B——
FY2021$1.1B——

Annual filing data through FY ended December 31, 2025; shares and float as of November 1, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage