American Healthcare REIT (AHR) Operating Income (2016 - 2026)
American Healthcare REIT (AHR) posted Operating Income of -$514.3 million for Q1 2026, down 6.27% on a QoQ basis from -$484.0 million in Q4 2025, and down 17.58% year-over-year from -$624.0 million in Q1 2025.
American Healthcare REIT (AHR) Operating Income (2016 - 2026) Analysis & Trends
American Healthcare REIT's Operating Income history runs 11 years deep, the most recent figure standing at -$514.3 million for Q1 2026.
- Quarterly Operating Income fell 17.58% year-over-year to -$514.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$1.8 billion (up 1.71% YoY) and the FY2025 annual result came in at -$1.8 billion, down 4.92% from the prior year.
- Operating Income was -$514.3 million for Q1 2026 at American Healthcare REIT, down from -$484.0 million in the prior quarter.
- Across five years, Operating Income topped out at -$324.2 million in Q1 2022 and bottomed at -$578.1 million in Q4 2024.
- A 5-year average of -$422.1 million and a median of -$412.1 million in 2025 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2024 — Operating Income tumbled 41.47% — and 2025, when it increased 16.29%.
- American Healthcare REIT's Operating Income stood at -$397.1 million in 2022, then dropped by 2.91% to -$408.6 million in 2023, then slumped by 41.47% to -$578.1 million in 2024, then rose by 16.29% to -$484.0 million in 2025, then fell by 6.27% to -$514.3 million in 2026.
- Business Quant data shows AHR's Operating Income at -$514.3 million in Q1 2026, -$484.0 million in Q4 2025, and -$412.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 172.91 Bn | 168.34 Bn | 1.30 Bn | -1.71 Bn |
| 2 | Ventas | 46.62 Bn | 46.50 Bn | 1.65 Bn | 25.71 Mn |
| 3 | Healthpeak Properties | 15.34 Bn | 16.55 Bn | - | - |
| 4 | Omega Healthcare Investors | 15.14 Bn | 15.41 Bn | - | - |
| 5 | American Healthcare REIT | 10.71 Bn | 10.59 Bn | 97.60 Mn | -514.31 Mn |
| 6 | CareTrust REIT | 9.45 Bn | 9.46 Bn | - | - |
| 7 | Healthcare Realty Trust | 7.33 Bn | 7.33 Bn | - | - |
| 8 | Sabra Health Care REIT | 5.09 Bn | 5.09 Bn | - | - |
| 9 | Diversified Healthcare Trust | 4.51 Bn | 4.39 Bn | 295.29 Mn | -75.92 Mn |
| 10 | National Health Investors | 3.86 Bn | 3.87 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -514.31 Mn |
| Dec 31, 2025 | -483.95 Mn |
| Sep 30, 2025 | -412.05 Mn |
| Jun 30, 2025 | -421.08 Mn |
| Mar 31, 2025 | -437.42 Mn |
| Dec 31, 2024 | -578.10 Mn |
| Sep 30, 2024 | -430.28 Mn |
| Jun 30, 2024 | -417.46 Mn |
| Mar 31, 2024 | -426.24 Mn |
| Dec 31, 2023 | -408.65 Mn |
| Sep 30, 2023 | -409.21 Mn |
| Jun 30, 2023 | -406.49 Mn |
| Mar 31, 2023 | -404.91 Mn |
| Dec 31, 2022 | -397.10 Mn |
| Sep 30, 2022 | -371.80 Mn |
| Jun 30, 2022 | -333.21 Mn |
| Mar 31, 2022 | -324.24 Mn |
| Dec 31, 2021 | -342.06 Mn |
| Sep 30, 2021 | -273.92 Mn |
| Jun 30, 2021 | -269.07 Mn |