Earnings Releases·Nov 5, 2026, 4:17 PM ET

American Healthcare REIT — Third Quarter 2026 Earnings Summary

Reported GAAP net income of $31.2 million ($0.14/share) for Q3 2026, down from $55.9 million ($0.33/share) in the prior year period, while achieving 13.8% total portfolio Same-Store NOI growth and $0.58/share Normalized FFO.
Raised full-year 2026 guidance across all key metrics, including Same-Store NOI growth (12.0%–14.0%), NFFO per share ($2.23–$2.26), and Net income per share ($0.59–$0.62), driven by strong pricing power and expense control.
Expanded the portfolio significantly with $1.69 billion in new SHOP acquisitions during the quarter and $2.07 billion year-to-date, while reducing Net Debt-to-Annualized Adjusted EBITDA to 1.9x from 2.5x in Q2.
Executed major capital return and financing activities, including a $0.25/share quarterly distribution, the issuance of 36.8 million shares to settle forward agreements ($1.88 billion), and the establishment of new forward sale agreements totaling approximately $1.32 billion in gross proceeds.
Strengthened leadership with new appointments for CEO, President/COO, and CFO, while maintaining a robust investment pipeline of over $1.0 billion expected to close by Q1 2027, excluding current guidance.