American Healthcare REIT Reports 20.4% Revenue Growth and Net Income Recovery in Q1 2026

American Healthcare REIT, Inc. reported significant financial performance improvements for the first quarter of 2026, with total revenues reaching $650.8 million, a 20.4% increase from $540.6 million in the same period of 2025. The rise in revenue was primarily driven by a substantial increase in resident fees and services, which amounted to $609.8 million, up from $497.2 million year-over-year. The company also recorded a net income of $24.0 million, compared to a net loss of $6.8 million in the prior year, resulting in a basic earnings per share of $0.13, a notable recovery from a loss of $0.04 per share in the previous year.

The company’s total assets increased to $5.6 billion as of March 31, 2026, up from $5.4 billion at the end of 2025. This growth was attributed to a rise in real estate investments, which reached $4.3 billion, reflecting strategic acquisitions and capital expenditures. Notably, American Healthcare REIT acquired three land parcels and seven senior housing properties during the quarter, totaling approximately $167.5 million in investments. The company’s operational metrics also showed improvement, with an increase in resident occupancy rates and billing rates contributing to the revenue growth.

Operationally, American Healthcare REIT managed 343 buildings across its four reportable segments: Integrated Senior Health Campus (ISHC), Outpatient Medical (OM), Senior Housing Operating Properties (SHOP), and triple-net leased properties. The ISHC segment reported a significant increase in resident fees and services revenue, driven by higher occupancy and billing rates, while the SHOP segment also saw substantial growth due to recent acquisitions. The company’s total property operating expenses increased to $512.2 million, reflecting higher costs associated with increased occupancy and service levels.

Looking ahead, American Healthcare REIT expressed optimism about its growth trajectory, citing ongoing demand for healthcare real estate and the potential for further acquisitions. The company plans to continue leveraging its integrated management platform to enhance operational efficiency and profitability. Additionally, the recent amendment to its credit facility, increasing its borrowing capacity to $1.35 billion, positions the company well for future investments and operational needs. The management remains focused on maintaining its REIT status and ensuring adequate liquidity to meet its obligations and support growth initiatives.