AHR vs HR vs MPT Stock Comparison

American Healthcare REIT, Healthcare Realty Trust and Medical Properties Trust Prices as of Oct 28, 2026 Peers: Industry group

Head to Head

11 decided of 12

American Healthcare REIT leads on 6 of the 12 questions below (American Healthcare REIT 6, Medical Properties Trust 3, Healthcare Realty Trust 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAHRHRMPTLeader
Larger companyMarket capitalisation $10.20B $6.08B $1.57B AHR
Cheaper on earningsLower P/E, profitable companies only 84.3x -70.0x -12.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 84.4x — 69.2x MPT
Faster revenue growthRevenue growth, trailing twelve months +16.4% -6.3% +5.5% AHR
More profitableNet margin, trailing twelve months 4.8% -7.6% -12.6% AHR
Better return on capitalReturn on invested capital -35.5% — 2.7% MPT
Less leveragedLower net debt / EBITDA -0.8x — 13.1x AHR
Higher dividend yieldTrailing dividend yield 0.02% 0.06% 0.13% MPT
Better 1-year returnPrice return, last 12 months +16.8% -2.2% -44.2% AHR
Better 5-year returnAnnualised price return, 5 years — -11.9%/yr -33.5%/yr HR
Less volatileAnnualised volatility, 1 year 26.5% 19.6% 38.1% HR
Higher overall scoreMean of the five percentile scores vs peers 44/100 43/100 36/100 AHR

Percentile Scorecard

AHRHRMPT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAHRHRMPT
Valuation 4 #140 of 145 40 #88 of 145 63 #54 of 145
Growth 88 #18 of 142 57 #61 of 142 50 #72 of 142
Profitability 29 #96 of 135 31 #93 of 135 28 #97 of 135
Financial Health 75 #35 of 136 48 #71 of 136 12 #120 of 136
Shareholder Returns 23 #101 of 131 40 #79 of 131 27 #96 of 131
Overall 44 43 36
  • AHR ranked among 149 companies in Property REITs
  • HR ranked among 149 companies in Property REITs
  • MPT ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAHRHRMPTSPY
1 month -0.8%-2.5%-20.6% +0.9%
3 months -10.5%-19.6%-41.8% +5.9%
6 months +2.5%-5.0%-46.0% +8.5%
Year to date +9.4%+3.4%-44.6% +13.3%
1 year +16.8%-2.2%-44.2% +12.4%
3 years —+24.1%-43.5% +88.1%
3 years, per year —+7.5%-17.3% +23.5%
5 years —-47.0%-87.0% +68.2%
5 years, per year —-11.9%-33.5% +11.0%
10 years —-44.0%-79.8% +263.4%
10 years, per year —-5.6%-14.8% +13.8%

Risk

MeasureAHRHRMPTSPY
Volatility, 1Y 26.5%19.6%38.1% 12.7%
Downside volatility, 1Y 27.6%19.3%39.5% 12.7%
Beta vs S&P 500, 1Y -0.030.110.41 1.00
Return / volatility, 1Y 0.63-0.11-1.16 0.98
Max drawdown, 5Y -14.5%-61.1%-89.1% -25.4%
From 52-week high -10.8%-19.9%-54.0% -0.9%
52-week high $57.74$21.89$6.02 $779.14
52-week low $44.09$16.34$2.62 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAHRHRMPT
P/E now vs peer median 82.0xmedian 25.8x -69.0xmedian 25.8x -13.1xmedian 25.8x
P/S now vs peer median 4.0xmedian 4.0x 5.2xmedian 4.0x 1.7xmedian 4.0x
EV/EBITDA now vs peer median -7.3xmedian 14.2x —median 14.2x 15.4xmedian 14.2x
P/FCF now vs peer median -16.3xmedian 23.0x 48.6xmedian 23.0x 95.4xmedian 23.0x
P/B now vs peer median 2.7xmedian 1.3x 1.4xmedian 1.3x 0.4xmedian 1.3x
PEG now vs peer median 2.40median 1.91 -3.74median 1.91 0.38median 1.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAHRHRMPT
Revenue $2.50B $1.14B $1.00B
Gross profit $530.21M – –
Operating income -$1.81B – –
Net income $122.57M -$87.96M -$124.81M
Free cash flow -$613.49M $123.68M $17.36M
EPS (diluted) $0.63 $-0.25 $-0.21
Cash & equivalents $191.62M $18.99M $425.00M
Total debt $1.42B $4.17B $9.66B
Shares (diluted) 193.35M 342.30M 597.72M
Enterprise value $9.52B $5.97B -$297.29M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAHRHRMPT
P/E 82.0x -69.0x -13.1x
P/FCF -16.3x 48.6x 95.4x
P/Operating cash flow 27.7x 13.6x 7.7x
P/S 4.0x 5.2x 1.7x
P/B 2.7x 1.4x 0.4x
P/Tangible book 2.9x 1.4x 0.4x
EV/EBITDA -7.3x – 15.4x
EV/EBIT -6.2x – 27.3x
EV/Revenue 4.5x 8.9x 10.9x
EV/FCF -18.3x 82.1x 627.5x
EV/Operating cash flow 31.1x 23.0x 50.4x
PEG (3Y EPS CAGR) 2.40 -3.74 0.38

Growth

14 metrics
MetricAHRHRMPT
Revenue growth (1Y) 16.4% -6.3% 5.5%
Revenue CAGR (3Y) 15.4% -4.5% -12.3%
Gross profit growth (1Y) 19.6% – –
Gross profit CAGR (3Y) 41.1% – –
Operating income growth (1Y) -17.0% – –
Operating income CAGR (3Y) -5.6% – –
Net income growth (1Y) 479.7% 78.5% 92.4%
Net income CAGR (3Y) 47.6% 21.1% -34.1%
EPS growth (1Y) 407.6% 77.9% 92.3%
EPS CAGR (3Y) 34.2% 18.4% -34.2%
Operating cash flow growth (1Y) 42.1% -5.8% 26.0%
Operating cash flow CAGR (3Y) 38.8% 2.2% -32.3%
Free cash flow growth (1Y) -1,653% -8.9% 135.2%
Free cash flow CAGR (3Y) -157.7% 314.6% 30.9%

Profitability

14 metrics
MetricAHRHRMPT
Gross margin 21.2% – –
EBITDA margin -61.2% – 70.7%
Operating margin -72.4% – –
Pretax margin 3.9% – -12.8%
Net margin 4.8% -7.6% -12.6%
FCF margin -24.5% 10.8% 1.7%
Operating cash flow margin 14.5% 38.5% 21.6%
Return on equity 3.4% -2.0% -2.7%
Return on assets 2.2% -1.0% -0.8%
Return on invested capital -35.5% – 2.7%
Return on capital employed – – –
Asset turnover 0.4x 0.1x 0.1x
Cash conversion (OCF / net income) 3.0x -5.0x -1.7x
Stock comp / revenue 0.8% 1.8% 0.9%

Financial Health

11 metrics
MetricAHRHRMPT
Debt / assets 25.0% 46.3% 65.5%
Debt / equity 0.4x 1.0x 2.1x
Net debt / EBITDA -0.8x – 13.1x
Debt / FCF -2.3x 33.7x 556.6x
Liabilities / assets 34.4% 52.6% 69.2%
Equity / assets 65.6% 47.4% 30.8%
Interest coverage -23.3x – 0.8x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAHRHRMPT
Dividend yield 1.9% 5.5% 13.0%
Net buyback yield -13.4% 3.0% –
Shareholder yield -11.4% 8.5% 13.0%
Payout ratio (earnings) 145.7% -381.2% -160.6%
Payout ratio (FCF) -29.1% 271.1% 1,155%
Dividend growth (1Y) 18.4% -23.8% -27.5%
Dividend CAGR (3Y) 40.8% -7.7% -34.0%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAHRHRMPT
Forward P/E 84.4xFY2026 – 69.2xFY2026
EPS, next fiscal year $0.61FY2026 $-0.11FY2026 $0.04FY2026
EPS growth, next FY +45.2%FY2026 – –
EPS growth, the year after +31.1% – -125.0%
Revenue, next fiscal year $2.64BFY2026 $1.17BFY2026 $1.05BFY2026
Revenue growth, next FY +16.7%FY2026 -0.7%FY2026 +8.1%FY2026
Revenue growth, the year after +27.1% -8.9% -5.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAHRHRMPT
Held by institutions 100.0% 100.0% 60.8%
Institutions holding 571 458 486
Change in shares held, QoQ +19.9% +0.8% +5.2%
Institutions buying 335 225 222
Institutions selling 163 145 169
Buyers to sellers 2.06 1.55 1.31

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AHRHRMPT
AHR 1.00 0.45 0.27
HR 0.45 1.00 0.30
MPT 0.27 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AHR, HR and MPT?

American Healthcare REIT (AHR) is the largest by market capitalisation: American Healthcare REIT (AHR) $10.20B, Healthcare Realty Trust (HR) $6.08B, Medical Properties Trust (MPT) $1.57B.

Which company is growing faster?

American Healthcare REIT (AHR) grew revenue fastest over the trailing twelve months: American Healthcare REIT (AHR) +16.4%, Healthcare Realty Trust (HR) -6.3%, Medical Properties Trust (MPT) +5.5%.

Which company is more profitable?

American Healthcare REIT (AHR) has the highest net margin (American Healthcare REIT (AHR) 4.8%, Healthcare Realty Trust (HR) -7.6%, Medical Properties Trust (MPT) -12.6%). On return on invested capital, Medical Properties Trust (MPT) leads (American Healthcare REIT (AHR) -35.5%, Medical Properties Trust (MPT) 2.7%).

Which stock has performed better?

Over the past year American Healthcare REIT (AHR) returned the most: American Healthcare REIT (AHR) +16.8%, Healthcare Realty Trust (HR) -2.2%, Medical Properties Trust (MPT) -44.2%. Over five years, Healthcare Realty Trust (HR) compounded fastest (Healthcare Realty Trust (HR) -11.9%/yr, Medical Properties Trust (MPT) -33.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Medical Properties Trust (MPT) has the highest dividend yield: American Healthcare REIT (AHR) 0.02%, Healthcare Realty Trust (HR) 0.06%, Medical Properties Trust (MPT) 0.13%.

Which stock is riskier?

By one-year price volatility, Healthcare Realty Trust (HR) has been the steadiest (American Healthcare REIT (AHR) 26.5%, Healthcare Realty Trust (HR) 19.6%, Medical Properties Trust (MPT) 38.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AHR, HR and MPT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, American Healthcare REIT (AHR) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.