American Healthcare REIT (AHR) Cost of Revenue (2017 - 2026)
American Healthcare REIT's (AHR) quarterly Cost of Revenue came in at $512.2 million in Q1 2026, up 18.44% YoY from $432.4 million in Q1 2025, and up 6.64% on a QoQ basis from $480.3 million in Q4 2025.
American Healthcare REIT (AHR) Cost of Revenue (2017 - 2026) Analysis & Trends
American Healthcare REIT (AHR) has 10 years of Cost of Revenue data on file, last reported at $512.2 million in 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 advanced to $512.2 million in Q1 2026, from $480.3 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $512.2 million in Q1 2026 to a low of $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 gained 5.89%.
- Tracing AHR's Cost of Revenue over 5 years: stood at $360.8 million in 2022, then advanced by 6.7% to $385.0 million in 2023, then increased by 11.83% to $430.6 million in 2024, then grew by 11.55% to $480.3 million in 2025, then advanced by 6.64% to $512.2 million in 2026.
- The last three Cost of Revenue figures came in at $512.2 million (Q1 2026), $480.3 million (Q4 2025), and $454.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 168.28 Bn | 166.31 Bn | 1.39 Bn | 2.15 Bn |
| 2 | Ventas | 45.36 Bn | 45.17 Bn | 1.73 Bn | 4.45 Mn |
| 3 | Healthpeak Properties | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Omega Healthcare Investors | 13.98 Bn | 13.98 Bn | - | - |
| 5 | American Healthcare REIT | 10.76 Bn | 10.56 Bn | 149.41 Mn | 524.84 Mn |
| 6 | CareTrust REIT | 9.30 Bn | 9.30 Bn | - | - |
| 7 | Healthcare Realty Trust | 6.66 Bn | 6.66 Bn | - | - |
| 8 | Sabra Health Care REIT | 5.18 Bn | 5.18 Bn | - | - |
| 9 | Diversified Healthcare Trust | 4.52 Bn | 4.40 Bn | 298.67 Mn | 66.72 Mn |
| 10 | National Health Investors | 3.58 Bn | 3.58 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 524.84 Mn |
| Jun 30, 2026 | 524.84 Mn |
| 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 |