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

American Healthcare REIT has reported Operating Expenses for 11 years, with the latest figure at $611.9 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 21.85% year-over-year to $611.9 million; the trailing twelve-month figure through Mar 2026 stood at $2.2 billion (up 12.07% YoY), and the FY2025 full-year result was $2.1 billion, up 8.0% from the prior year.
• Operating Expenses for Q1 2026 stood at $611.9 million, up from $567.6 million in the prior quarter.
• The five-year high for Operating Expenses was $611.9 million in Q1 2026, with the low at $356.0 million in Q1 2022.
• Historically, Operating Expenses has averaged $470.7 million across 5 years, with a median of $472.9 million in 2024.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 32.45% — and 2025, when it increased 4.9%.
• American Healthcare REIT's Operating Expenses 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.