American Healthcare REIT (AHR) Cost of Revenue (2017 - 2026)
American Healthcare REIT (AHR) posted Cost of Revenue of $512.2 million for Q1 2026, up 6.64% on a QoQ basis from $480.3 million in Q4 2025, and up 18.44% year-over-year from $432.4 million in Q1 2025.
American Healthcare REIT (AHR) Cost of Revenue (2017 - 2026) Analysis & Trends
American Healthcare REIT's Cost of Revenue history runs 10 years deep, the most recent figure standing at $512.2 million for Q1 2026.
- Quarterly Cost of Revenue rose 18.44% year-over-year to $512.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.9 billion (up 11.33% YoY) and the FY2025 annual result came in at $1.8 billion, up 8.44% from the prior year.
- Cost of Revenue was $512.2 million for Q1 2026 at American Healthcare REIT, up from $480.3 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $512.2 million in Q1 2026 and bottomed at $287.2 million in Q1 2022.
- A 5-year average of $396.7 million and a median of $402.6 million in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue soared 31.41% — and 2025, when it grew 5.89%.
- American Healthcare REIT's Cost of Revenue stood at $360.8 million in 2022, then grew by 6.7% to $385.0 million in 2023, then gained by 11.83% to $430.6 million in 2024, then rose by 11.55% to $480.3 million in 2025, then grew by 6.64% to $512.2 million in 2026.
- Business Quant data shows AHR's Cost of Revenue at $512.2 million in Q1 2026, $480.3 million in Q4 2025, and $454.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 174.01 Bn | 169.25 Bn | 1.30 Bn | 2.06 Bn |
| 2 | Ventas | 47.55 Bn | 47.36 Bn | 1.65 Bn | 9.70 Mn |
| 3 | Healthpeak Properties | 15.62 Bn | 15.62 Bn | - | - |
| 4 | Omega Healthcare Investors | 15.27 Bn | 15.27 Bn | - | - |
| 5 | American Healthcare REIT | 10.77 Bn | 10.61 Bn | 97.60 Mn | 512.17 Mn |
| 6 | CareTrust REIT | 9.57 Bn | 9.57 Bn | - | - |
| 7 | Healthcare Realty Trust | 7.50 Bn | 7.50 Bn | - | - |
| 8 | Sabra Health Care REIT | 5.64 Bn | 5.64 Bn | - | - |
| 9 | Diversified Healthcare Trust | 4.51 Bn | 4.39 Bn | 295.29 Mn | 71.19 Mn |
| 10 | National Health Investors | 3.83 Bn | 3.83 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 512.17 Mn |
| Mar 31, 2026 | 512.17 Mn |
| Dec 31, 2025 | 480.29 Mn |
| Dec 31, 2025 | 480.29 Mn |
| Sep 30, 2025 | 454.53 Mn |
| Sep 30, 2025 | 454.53 Mn |
| Jun 30, 2025 | 426.29 Mn |
| Jun 30, 2025 | 426.29 Mn |
| Mar 31, 2025 | 432.42 Mn |
| Mar 31, 2025 | 432.42 Mn |
| Dec 31, 2024 | 430.57 Mn |
| Dec 31, 2024 | 430.57 Mn |
| Sep 30, 2024 | 417.13 Mn |
| Sep 30, 2024 | 417.13 Mn |
| Jun 30, 2024 | 402.56 Mn |
| Jun 30, 2024 | 402.56 Mn |
| Mar 31, 2024 | 403.63 Mn |
| Mar 31, 2024 | 403.63 Mn |
| Dec 31, 2023 | 385.01 Mn |
| Dec 31, 2023 | 385.01 Mn |