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| Date | Value |
|---|---|
| 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 |