American Healthcare REIT (AHR) Operating Expenses (2016 - 2026)
American Healthcare REIT's (AHR) quarterly Operating Expenses came in at $611.9 million in Q1 2026, up 21.85% YoY from $502.2 million in Q1 2025, and up 7.8% on a QoQ basis from $567.6 million in Q4 2025.
American Healthcare REIT (AHR) Operating Expenses (2016 - 2026) Analysis & Trends
American Healthcare REIT (AHR) has 11 years of Operating Expenses data on file, last reported at $611.9 million in Q1 2026.
- Quarterly Operating Expenses rose 21.85% year-over-year to $611.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.2 billion (up 12.07% YoY) and the FY2025 annual result came in at $2.1 billion, up 8.0% from the prior year.
- Operating Expenses improved to $611.9 million in Q1 2026, from $567.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $611.9 million in Q1 2026 to a low of $356.0 million in Q1 2022.
- A 5-year average of $470.7 million and a median of $472.9 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 32.45% — and 2025, when it increased 4.9%.
- Tracing AHR's Operating Expenses over 5 years: stood at $434.9 million in 2022, then climbed by 5.06% to $456.9 million in 2023, then grew by 10.17% to $503.4 million in 2024, then rose by 12.76% to $567.6 million in 2025, then gained by 7.8% to $611.9 million in 2026.
- The last three Operating Expenses figures came in at $611.9 million (Q1 2026), $567.6 million (Q4 2025), and $530.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 168.28 Bn | 166.31 Bn | 1.39 Bn | 3.22 Bn |
| 2 | Ventas | 45.36 Bn | 45.17 Bn | 1.73 Bn | 1.68 Bn |
| 3 | Healthpeak Properties | 14.65 Bn | 14.65 Bn | - | 739.00 Mn |
| 4 | Omega Healthcare Investors | 13.98 Bn | 13.98 Bn | - | 187.79 Mn |
| 5 | American Healthcare REIT | 10.76 Bn | 10.56 Bn | 149.41 Mn | 631.81 Mn |
| 6 | CareTrust REIT | 9.30 Bn | 9.30 Bn | - | 72.38 Mn |
| 7 | Healthcare Realty Trust | 6.66 Bn | 6.66 Bn | - | 242.88 Mn |
| 8 | Sabra Health Care REIT | 5.18 Bn | 5.18 Bn | - | 88.62 Mn |
| 9 | Diversified Healthcare Trust | 4.52 Bn | 4.40 Bn | 298.67 Mn | 365.91 Mn |
| 10 | National Health Investors | 3.58 Bn | 3.58 Bn | - | 87.28 Mn |
Historic Data
Download 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 |