American Healthcare REIT AHR
NYSE AHR
$54.55 +0.78 (+1.45%)
As of: Sep 10, 2026 · 10:50 AM EDT

American Healthcare REIT (AHR) Operating Expenses (2016 - 2026)

American Healthcare REIT's (AHR) quarterly Operating Expenses came in at $631.8 million in Q2 2026, up 27.36% on a YoY basis from $496.1 million in Q2 2025, and up 3.25% quarter-over-quarter from $611.9 million in Q1 2026.

Analysis

American Healthcare REIT (AHR) Operating Expenses (2016 - 2026) Analysis & Trends

American Healthcare REIT (AHR) has reported Operating Expenses for 11 consecutive years, with $631.8 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 27.36% year-over-year to $631.8 million; the trailing twelve-month figure through Jun 2026 stood at $2.3 billion (up 17.58% YoY), and the FY2025 full-year result was $2.1 billion, up 8.0% from the prior year.
  • Operating Expenses rose to $631.8 million in Q2 2026 per AHR's latest filing, from $611.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $631.8 million in Q2 2026 and bottomed at $356.0 million in Q1 2022.
  • Historically, Operating Expenses has averaged $479.7 million across 5 years, with a median of $473.8 million in 2024.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses jumped 32.45% in 2022, then rose 4.9% in 2025.
  • Over 5 years, Operating Expenses stood at $434.9 million in 2022, then increased by 5.06% to $456.9 million in 2023, then rose by 10.17% to $503.4 million in 2024, then advanced by 12.76% to $567.6 million in 2025, then grew by 11.3% to $631.8 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $631.8 million, $611.9 million, and $567.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Welltower 169.58 Bn 167.62 Bn 1.39 Bn 3.22 Bn
2 Ventas 44.48 Bn 44.28 Bn 1.73 Bn 1.68 Bn
3 Omega Healthcare Investors 14.20 Bn 14.20 Bn - 187.79 Mn
4 Healthpeak Properties 14.18 Bn 14.18 Bn - 739.00 Mn
5 American Healthcare REIT 10.51 Bn 10.32 Bn 149.41 Mn 631.81 Mn
6 CareTrust REIT 9.18 Bn 9.18 Bn - 72.38 Mn
7 Healthcare Realty Trust 6.46 Bn 6.46 Bn - 242.88 Mn
8 Sabra Health Care REIT 5.30 Bn 5.30 Bn - 88.62 Mn
9 Diversified Healthcare Trust 4.47 Bn 4.36 Bn 298.67 Mn 365.91 Mn
10 National Health Investors 3.42 Bn 3.42 Bn - 87.28 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 631.81 Mn
Mar 31, 2026 611.91 Mn
Dec 31, 2025 567.65 Mn
Sep 30, 2025 530.46 Mn
Jun 30, 2025 496.08 Mn
Mar 31, 2025 502.17 Mn
Dec 31, 2024 503.40 Mn
Sep 30, 2024 489.98 Mn
Jun 30, 2024 472.91 Mn
Mar 31, 2024 474.73 Mn
Dec 31, 2023 456.92 Mn
Sep 30, 2023 450.82 Mn
Jun 30, 2023 444.57 Mn
Mar 31, 2023 443.40 Mn
Dec 31, 2022 434.93 Mn
Sep 30, 2022 402.62 Mn
Jun 30, 2022 363.38 Mn
Mar 31, 2022 356.05 Mn
Dec 31, 2021 371.93 Mn
Sep 30, 2021 303.98 Mn