# American Healthcare REIT, Inc. (AHR) — Stock CV

American Healthcare REIT, Inc. is a $11.1B real estate company. Revenue grew 13.6% over the last year, it keeps 5¢ of every dollar of sales as profit, and its net debt equals ~4.3 years of free cash flow. It trades at 92.2× earnings — around the middle of its own history.

> American Healthcare REIT Inc is a healthcare-focused real estate investment trust. It owns a diversified portfolio of clinical healthcare real estate properties, focusing on medical office buildings, skilled nursing facilities, senior housing, hospitals, and other healthcare-related facilities.

## Identity

- **Ticker**: AHR
- **Sector**: Real Estate
- **Industry**: Real Estate Investment Trusts
- **Headquarters**: IRVINE, CA
- **Employees**: 121
- **Website**: https://www.americanhealthcarereit.com
- **Market cap**: $11.1B
- **Last price**: $50.80
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $2.34B
- **Net income**: $121M
- **Free cash flow**: $362M
- **Net debt**: $1.57B
- **P/E**: 92.2
- **Revenue growth (YoY)**: 13.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 57 |
| Growth | 45 |
| Profitability | 28 |
| Health | 21 |
| Quality | 67 |
| Moat | 0 |

## Qualifications (beginner checklist) — 7 of 11 passed

- [x] Revenue growing — +13.6% YoY
- [x] Profitable — $121M TTM
- [x] Profit growing — +284.6% YoY
- [x] Generates cash — $362M TTM
- [x] Debt under control — ~4.3y of cash flow to repay
- [x] Established company — $11.1B market cap
- [ ] Not printing shares — +26.9% shares over ~5y
- [ ] Proven track record — 1/5 profitable years
- [ ] Financially stable — health score 24/100
- [x] Pays a dividend — yield 1.60%
- [ ] Valuation not extreme — P/E 92.2

## Experience (career milestones)

- **FY2025** — Turned profitable: $69.8M net income after a loss year
- **FY2025** — Best year on record: $69.8M net income
- **FY2021** — Revenue already above $1B: $1.26B in first reported year
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **Mar 23, 2010** — Landmark reform was passed through two federal statutes: the Affordable Care Act (ACA), signed March 23, 2010

## Strengths

- Revenue growing 13.6% year over year
- Strong cash conversion — FCF is 15.5% of revenue
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Thin interest coverage (1.7×)
- Loss-making in 4 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $1.26B | -$47.8M | $17.9M |
| FY2022 | $1.41B | -$81.3M | $148M |
| FY2023 | $1.67B | -$71.5M | $98.5M |
| FY2024 | $1.88B | -$37.8M | $176M |
| FY2025 | $2.09B | $69.8M | $294M |

---

Source: https://stockcv.com/AHR — derived from company filings; may be delayed or incomplete. Information, not investment advice.