American Healthcare REIT (AHR) Operating Margin (2016 - 2026)
American Healthcare REIT (AHR) reported Operating Margin of 84.35% for Q1 2026, up 363.0% on a YoY basis from 18.22% in Q1 2025, and down 14.79% quarter-over-quarter from 73.48% in Q4 2025.
American Healthcare REIT (AHR) Operating Margin (2016 - 2026) Analysis & Trends
American Healthcare REIT has reported Operating Margin for 11 years, with the latest figure at 84.35% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 363.0% year-over-year to 84.35%; the trailing twelve-month figure through Mar 2026 stood at 75.13% (down 256.0% YoY), and the FY2025 full-year result was 0.45%, up 7406.0% from the prior year.
- Operating Margin for Q1 2026 stood at 84.35%, down from 73.48% in the prior quarter.
- The five-year high for Operating Margin was 33.39% in Q4 2023, with the low at 102.14% in Q2 2022.
- Historically, Operating Margin has averaged 83.28% across 5 years, with a median of 90.24% in 2024.
- Annual changes were most pronounced in 2023 — Operating Margin soared 6622 bps — and 2025, when it tumbled 3687 bps.
- American Healthcare REIT's Operating Margin stood at 99.61% in 2022, then jumped by 66 bps to 33.39% in 2023, then dropped by 10 bps to 36.6% in 2024, then plunged by 101 bps to 73.48% in 2025, then fell by 15 bps to 84.35% in 2026.
- The last three Operating Margin figures came in at 84.35% (Q1 2026), 73.48% (Q4 2025), and 71.92% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 144.82 Bn | 141.05 Bn | 1.30 Bn | -51.02% |
| 2 | Ventas | 39.06 Bn | 38.93 Bn | 1.65 Bn | 1.55% |
| 3 | Healthpeak Properties | 13.76 Bn | 14.32 Bn | - | - |
| 4 | Omega Healthcare Investors | 12.86 Bn | 13.12 Bn | - | - |
| 5 | American Healthcare REIT | 8.89 Bn | 8.81 Bn | 97.60 Mn | -84.35% |
| 6 | CareTrust REIT | 8.47 Bn | 8.48 Bn | - | - |
| 7 | Healthcare Realty Trust | 6.83 Bn | 6.83 Bn | - | - |
| 8 | National Health Investors | 3.40 Bn | 3.41 Bn | - | - |
| 9 | Diversified Healthcare Trust | 2.05 Bn | 1.93 Bn | 304.41 Mn | -18.23% |
| 10 | Ltc Properties | 1.75 Bn | 1.82 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -84.35% |
| Dec 31, 2025 | -73.48% |
| Sep 30, 2025 | -71.92% |
| Jun 30, 2025 | -70.02% |
| Mar 31, 2025 | -87.98% |
| Dec 31, 2024 | -36.60% |
| Sep 30, 2024 | -90.24% |
| Jun 30, 2024 | -91.15% |
| Mar 31, 2024 | -75.84% |
| Dec 31, 2023 | -33.39% |
| Sep 30, 2023 | -98.32% |
| Jun 30, 2023 | -98.99% |
| Mar 31, 2023 | -99.09% |
| Dec 31, 2022 | -99.61% |
| Sep 30, 2022 | -100.95% |
| Jun 30, 2022 | -102.14% |
| Mar 31, 2022 | -101.65% |
| Dec 31, 2021 | -111.17% |
| Sep 30, 2021 | -95.48% |
| Jun 30, 2021 | -97.36% |