American Healthcare REIT (AHR) FY2024 results: revenue $2.1 billion, up 10.9% on the year
American Healthcare REIT, Inc. (AHR) reported revenue of $2.1 billion for fiscal 2024, the year ended 31 December 2024, up 10.9% on the year before. Net income was -$38 million, and diluted earnings per share $-0.29. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2026.
Revenue
$2.1 billion
+10.9% on the year
FY2017FY2024
Operating margin
17.6%
16.4% a year earlier
FY2017FY2024
Net income
-$38 million
FY2017FY2024
Diluted EPS
-$0.29
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
176
98.5
148
+78.7%
Capital expenditure
n/a
n/a
7.5
Free cash flow
n/a
n/a
140
Free cash flow margin
n/a
n/a
9.9%
Cash from investing
-8.7
9.4
-119
Cash from financing
-135
-129
-42.9
Depreciation and amortisation
179
183
168
-1.9%
Share-based compensation
9.9
5.5
3.9
+80.5%
Buybacks
0.0
0.5
20.7
-97.0%
Dividends paid
121
76.3
51.1
+58.5%
Dividend per share
$1.00
$1.00
$1.60
0.0%
Diluted shares, weighted
131m
66m
66m
+97.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,261
1,270
1,400
+78.0%
Non-controlling interest
42.7
155
168
-72.4%
Debt
1,671
2,526
2,512
-33.9%
Other liabilities
514
626
707
-18.0%
Total liabilities and equity
4,488
4,578
4,787
-2.0%
Goodwill
235
3.3
232
+6,953.2%
Intangible assets
161
180
236
-10.5%
Securities held for sale or to maturity
91.3
86.9
83.0
+5.0%
Cash and equivalents
76.7
43.4
65.1
+76.5%
Inventory
19.5
19.5
19.8
+0.0%
Other assets
3,904
4,244
4,151
-8.0%
Total assets
4,488
4,578
4,787
-2.0%
10-K for the year ended 31 December 2024, filed 27 February 2026: the filing.