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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |