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

American Healthcare REIT filings provide 10 years of Operating Expenses readings, the most recent being $567.6 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 12.76% to $567.6 million in Q4 2025 year-over-year; TTM through Dec 2025 was $2.1 billion, a 8.0% increase, with the full-year FY2025 number at $2.1 billion, up 8.0% from a year prior.
  • Operating Expenses hit $567.6 million in Q4 2025 for American Healthcare REIT, up from $530.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $567.6 million in Q4 2025 to a low of $287.4 million in Q1 2021.
  • Median Operating Expenses over the past 5 years was $447.7 million (2023), compared with a mean of $432.4 million.
  • The widest YoY moves for Operating Expenses: up 702.28% in 2021, down 64.23% in 2021.
  • American Healthcare REIT's Operating Expenses stood at $371.9 million in 2021, then rose by 16.94% to $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 increased by 12.76% to $567.6 million in 2025.
  • The last three reported values for Operating Expenses were $567.6 million (Q4 2025), $530.5 million (Q3 2025), and $496.1 million (Q2 2025) per Business Quant data.