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

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

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

American Healthcare REIT has reported Rent Expense for 8 years, with the latest figure at $13.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Rent Expense fell 3.98% year-over-year to $13.1 million; the trailing twelve-month figure through Mar 2026 stood at $50.9 million (down 4.26% YoY), and the FY2025 full-year result was $51.4 million, down 3.39% from the prior year.
  • Rent Expense for Q1 2026 stood at $13.1 million, up from $12.2 million in the prior quarter.
  • The five-year high for Rent Expense was $15.3 million in Q1 2022, with the low at $12.2 million in Q4 2025.
  • Historically, Rent Expense has averaged $13.8 million across 5 years, with a median of $13.6 million in 2025.
  • Annual changes were most pronounced in 2022 — Rent Expense soared 89.78% — and 2023, when it retreated 12.3%.
  • American Healthcare REIT's Rent Expense stood at $14.9 million in 2022, then declined by 12.3% to $13.1 million in 2023, then slipped by 0.11% to $13.0 million in 2024, then fell by 6.38% to $12.2 million in 2025, then grew by 7.32% to $13.1 million in 2026.
  • The last three Rent Expense figures came in at $13.1 million (Q1 2026), $12.2 million (Q4 2025), and $12.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Rental Exp. (Qtr)
1 Welltower 144.82 Bn 141.05 Bn 1.30 Bn -
2 Ventas 39.06 Bn 38.93 Bn 1.65 Bn -
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 13.10 Mn
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 -
10 Ltc Properties 1.75 Bn 1.82 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