AHRAmerican Healthcare REIT, Inc.
Real Estate Investment Trusts
- Revenue
- $2.1B
- 11% YoY
- Operating margin
- 19.8%
- 2.7% YoY
- EBITDA
- $603M
- 11% YoY
- Market cap
- $10.4B
- Employees
- 121
- $17M revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 1.9
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 1 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$4M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo416% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo56% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo4% of assetsOver 40% of assets
- Shareholder dissentYes63% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$17M · 99th pctBottom quartile of its SIC industry
- Quiet on AINo1.9 per 10K words · 54th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$10.4B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$5M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.4B | $1.7B | $1.9B | $2.1B | 11% |
| Operating income | $213M | $302M | $307M | $364M | $415M | 14% |
| Net income | −$53M | −$73M | −$77M | −$36M | $71M | 299% |
| Operating cash flow | $18M | $148M | $99M | $176M | $294M | 67% |
| Stock-based comp | $9M | $4M | $5M | $10M | $15M | 48% |
| Buybacks | $382K | $21M | $469K | $14K | $0 | 100% |
| Dividends | $23M | $51M | $76M | $121M | $164M | 35% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $5M · 10
- Net
- −$5M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $7M | $21M | 385 | 181 |
| FY2024 | $8M | $15M | 227 | 140 |
| FY2023 | $4M | $3M | 0 | 0 |
| FY2022 | $2M | $2M | 0 | 0 |
| FY2021 | $2M | $2M | 0 | 0 |