American Healthcare REIT (AHR) Rent Expense (2019 - 2026)

American Healthcare REIT (AHR) posted Rent Expense of $13.1 million for Q1 2026, up 7.32% on a QoQ basis from $12.2 million in Q4 2025, and down 3.98% year-over-year from $13.6 million in Q1 2025.

American Healthcare REIT (AHR) Rent Expense (2019 - 2026) Analysis & Trends

American Healthcare REIT's Rent Expense history runs 8 years deep, the most recent figure standing at $13.1 million for Q1 2026.

  • Quarterly Rent Expense fell 3.98% year-over-year to $13.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $50.9 million (down 4.26% YoY) and the FY2025 annual result came in at $51.4 million, down 3.39% from the prior year.
  • Rent Expense was $13.1 million for Q1 2026 at American Healthcare REIT, up from $12.2 million in the prior quarter.
  • Across five years, Rent Expense topped out at $15.3 million in Q1 2022 and bottomed at $12.2 million in Q4 2025.
  • A 5-year average of $13.8 million and a median of $13.6 million in 2025 frame the typical range for Rent Expense.
  • Annual changes were most pronounced in 2022 — Rent Expense soared 89.78% — and 2023, when it dropped 12.3%.
  • American Healthcare REIT's Rent Expense stood at $14.9 million in 2022, then retreated by 12.3% to $13.1 million in 2023, then declined by 0.11% to $13.0 million in 2024, then decreased by 6.38% to $12.2 million in 2025, then rose by 7.32% to $13.1 million in 2026.
  • Business Quant data shows AHR's Rent Expense at $13.1 million in Q1 2026, $12.2 million in Q4 2025, and $12.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Rental Exp. (Qtr)
1 Welltower 172.91 Bn 168.34 Bn 1.30 Bn -
2 Ventas 46.62 Bn 46.50 Bn 1.65 Bn -
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 13.10 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 -
10 National Health Investors 3.86 Bn 3.87 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 13.10 Mn
Mar 31, 2026 13.10 Mn
Dec 31, 2025 12.21 Mn
Dec 31, 2025 12.21 Mn
Sep 30, 2025 12.59 Mn
Sep 30, 2025 12.59 Mn
Jun 30, 2025 12.99 Mn
Jun 30, 2025 12.99 Mn
Mar 31, 2025 13.64 Mn
Mar 31, 2025 13.64 Mn
Dec 31, 2024 13.04 Mn
Dec 31, 2024 13.04 Mn
Sep 30, 2024 13.15 Mn
Sep 30, 2024 13.15 Mn
Jun 30, 2024 13.32 Mn
Jun 30, 2024 13.32 Mn
Mar 31, 2024 13.73 Mn
Mar 31, 2024 13.73 Mn
Dec 31, 2023 13.05 Mn
Dec 31, 2023 13.05 Mn