American Healthcare REIT, Inc. reported a total revenue of $542.5 million for the second quarter of 2025, marking an increase of 7.5% from $504.6 million in the same period of 2024. For the first half of 2025, revenues reached $1.08 billion, up from $1.00 billion year-over-year. The company’s net income attributable to controlling interest for the second quarter was $9.9 million, or $0.06 per share, compared to $2.0 million, or $0.01 per share, in the prior year. For the six months ended June 30, 2025, net income attributable to controlling interest was $3.1 million, a recovery from a net loss of $1.9 million in the same period of 2024.
The company experienced significant operational changes, including an increase in resident fees and services revenue, which rose to $501.3 million in the second quarter of 2025 from $458.0 million in the prior year. This growth was attributed to higher occupancy rates and increased billing rates across its Integrated Senior Health Campuses (ISHC) and Senior Housing Operating Properties (SHOP). The total number of properties owned or operated by American Healthcare REIT as of June 30, 2025, was 309, with a gross leasable area of approximately 19.2 million square feet.
In terms of strategic developments, American Healthcare REIT made several acquisitions during the first half of 2025, including nine land parcels in Indiana for future development and a previously leased real estate investment in Indiana, totaling $81.1 million. The company also disposed of six properties, resulting in a net loss of $3.0 million from these transactions. The total real estate investments, net, decreased slightly to $3.35 billion as of June 30, 2025, from $3.37 billion at the end of 2024.
The company’s total liabilities decreased to $2.04 billion from $2.18 billion at the end of 2024, primarily due to a reduction in lines of credit and term loans. Cash and cash equivalents increased significantly to $133.5 million from $76.7 million, reflecting improved cash flow from operations. American Healthcare REIT's management expressed optimism about future performance, citing ongoing efforts to enhance operational efficiency and capitalize on market opportunities, while also acknowledging the potential impact of inflation on operating costs.
Looking ahead, American Healthcare REIT anticipates continued growth in revenues driven by increased occupancy and billing rates, alongside strategic acquisitions. The company remains focused on maintaining its REIT status by distributing at least 90% of its taxable income to shareholders, with a quarterly distribution of $0.25 per share expected to continue. The management team is committed to navigating market challenges and leveraging its diversified portfolio to enhance shareholder value.
About American Healthcare REIT, Inc.
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