American Healthcare REIT, Inc. Reports Strong Q1 2025 Results, Increases Full Year 2025 Guidance

Strategic Insights -

American Healthcare REIT, Inc. (AHR) announced its first quarter 2025 results, showing a net loss attributable to common stockholders of $(0.04) per diluted share, with normalized funds from operations (NFFO) of $0.38 per diluted share. The company reported 15.1% total portfolio same-store net operating income (NOI) growth, with 30.7% growth in its senior housing operating properties (SHOP) segment and 19.8% growth in its integrated senior health campuses (ISHC) segment. The company also completed a lease buyout in its ISHC segment for approximately $16.1 million, sold three non-core properties for approximately $29.0 million, and has developed a pipeline of over $300 million in new potential acquisitions.

Key Takeaways:

  • The company reported a net loss attributable to common stockholders of $(0.04) per diluted share for the three months ended March 31, 2025.
  • Normalized funds from operations (NFFO) for the three months ended March 31, 2025, was $0.38 per diluted share.
  • The company achieved 15.1% total portfolio same-store net operating income (NOI) growth for the three months ended March 31, 2025, compared to the same period in 2024.
  • The company's senior housing operating properties (SHOP) segment achieved 30.7% same-store NOI growth and its integrated senior health campuses (ISHC) segment achieved 19.8% same-store NOI growth for the three months ended March 31, 2025.
  • The company completed a lease buyout in its ISHC segment for approximately $16.1 million during the three months ended March 31, 2025.
  • The company sold three non-core properties for a total of approximately $29.0 million during the three months ended March 31, 2025.
  • The company has developed a pipeline of over $300 million in new potential acquisitions as of May 8, 2025.

Statistics:

  • Net loss attributable to common stockholders: $(6.8) million for the three months ended March 31, 2025.
  • Normalized funds from operations (NFFO) per diluted share: $0.38 for the three months ended March 31, 2025.
  • Total portfolio same-store net operating income (NOI) growth: 15.1% for the three months ended March 31, 2025.
  • SHOP segment same-store NOI growth: 30.7% for the three months ended March 31, 2025.
  • ISHC segment same-store NOI growth: 19.8% for the three months ended March 31, 2025.
  • Lease buyout amount: approximately $16.1 million for the three months ended March 31, 2025.
  • Non-core property sales: approximately $29.0 million for the three months ended March 31, 2025.
  • Pipeline of new potential acquisitions: over $300 million as of May 8, 2025.

Sources:

  • American Healthcare REIT, Inc. press release, dated May 8, 2025.
  • "American Healthcare REIT, Inc. Reports First Quarter 2025 Results," dated May 8, 2025.
  • "Trilogy's Strong Operating Performance and Accretive Capital Markets Activity Enable Increase in Guidance," dated May 8, 2025.