American Healthcare REIT (AHR) Gross Margin (2017 - 2026)
American Healthcare REIT (AHR) reported Gross Margin of 16.01% for Q1 2026, up 298.0% on a YoY basis from 4.02% in Q1 2025, and down 21.89% quarter-over-quarter from 20.49% in Q4 2025.
American Healthcare REIT (AHR) Gross Margin (2017 - 2026) Analysis & Trends
American Healthcare REIT has reported Gross Margin for 10 years, with the latest figure at 16.01% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 298.0% year-over-year to 16.01%; the trailing twelve-month figure through Mar 2026 stood at 19.58% (down 89.0% YoY), and the FY2025 full-year result was 20.64%, up 52.0% from the prior year.
- Gross Margin for Q1 2026 stood at 16.01%, down from 20.49% in the prior quarter.
- The five-year high for Gross Margin was 39.0% in Q4 2023, with the low at 8.37% in Q3 2022.
- Historically, Gross Margin has averaged 16.31% across 5 years, with a median of 12.52% in 2024.
- Annual changes were most pronounced in 2023 — Gross Margin soared 2951 bps — and 2025, when it sank 1653 bps.
- American Healthcare REIT's Gross Margin stood at 9.49% in 2022, then surged by 311 bps to 39.0% in 2023, then declined by 5 bps to 37.02% in 2024, then plunged by 45 bps to 20.49% in 2025, then declined by 22 bps to 16.01% in 2026.
- The last three Gross Margin figures came in at 16.01% (Q1 2026), 20.49% (Q4 2025), and 20.67% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 144.82 Bn | 141.05 Bn | 1.30 Bn | 38.68% |
| 2 | Ventas | 39.06 Bn | 38.93 Bn | 1.65 Bn | 99.41% |
| 3 | Healthpeak Properties | 13.76 Bn | 14.32 Bn | - | - |
| 4 | Omega Healthcare Investors | 12.86 Bn | 13.12 Bn | - | - |
| 5 | American Healthcare REIT | 8.89 Bn | 8.81 Bn | 97.60 Mn | 16.01% |
| 6 | CareTrust REIT | 8.47 Bn | 8.48 Bn | - | - |
| 7 | Healthcare Realty Trust | 6.83 Bn | 6.83 Bn | - | - |
| 8 | National Health Investors | 3.40 Bn | 3.41 Bn | - | - |
| 9 | Diversified Healthcare Trust | 2.05 Bn | 1.93 Bn | 304.41 Mn | 83.06% |
| 10 | Ltc Properties | 1.75 Bn | 1.82 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.01% |
| Dec 31, 2025 | 20.49% |
| Sep 30, 2025 | 20.67% |
| Jun 30, 2025 | 21.42% |
| Mar 31, 2025 | 13.02% |
| Dec 31, 2024 | 37.02% |
| Sep 30, 2024 | 12.52% |
| Jun 30, 2024 | 12.11% |
| Mar 31, 2024 | 19.20% |
| Dec 31, 2023 | 39.00% |
| Sep 30, 2023 | 10.00% |
| Jun 30, 2023 | 9.27% |
| Mar 31, 2023 | 9.42% |
| Dec 31, 2022 | 9.49% |
| Sep 30, 2022 | 8.37% |
| Jun 30, 2022 | 9.25% |
| Mar 31, 2022 | 9.97% |
| Dec 31, 2021 | 9.71% |
| Sep 30, 2021 | 10.48% |
| Jun 30, 2021 | 9.38% |