American Healthcare REIT, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.26B | $2.07B | $1.87B | $1.41B | $1.12B | $1.07B | $120.8M | $84.5M |
| Resident Fees and Services | $2.09B | $1.88B | $1.67B | — | — | — | — | — |
| Real Estate Revenue | $165.6M | $186.9M | $190.4M | — | — | — | — | — |
| Grant Income | $0 | $0 | $7.5M | — | — | — | — | — |
| Cost of Revenue | $1.79B | $1.65B | $1.50B | $1.28B | $1.03B | $993.7M | $19.2M | $11.5M |
| Gross Profit | $466.6M | $416.8M | $364.3M | $130.6M | $93.7M | $75.3M | $101.5M | $73.0M |
| Gross Margin | 20.6% | 20.1% | 19.5% | 9.3% | 8.3% | 7.0% | 84.1% | 86.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $58.7M | $47.6M | $47.5M | $43.4M | $43.2M | $27.0M | $29.7M | $9.2M |
| Operating Income | $415.2M | $363.5M | $306.8M | $302.0M | $213.3M | $218.3M | $221.4M | $-1.8M |
| Operating Margin | 18.4% | 17.6% | 16.4% | 21.4% | 19.0% | 20.4% | 183.3% | -2.1% |
| Interest Expense | $85.8M | $127.7M | $163.2M | $106.0M | $80.9M | $71.3M | $78.6M | $6.8M |
| Pretax Income | $48.6M | $-33.9M | $-76.2M | $-72.8M | $-52.3M | $5.8M | $672.0K | $-8.6M |
| Income Tax Expense | $-22.2M | $1.7M | $663.0K | $586.0K | $956.0K | $-3.1M | $1.5M | $8.0K |
| Net Income | $69.8M | $-37.8M | $-71.5M | $-81.3M | $-47.8M | $2.2M | $-5.0M | $-8.4M |
| Net Margin | 3.1% | -1.8% | -3.8% | -5.8% | -4.3% | 0.2% | -4.1% | -9.9% |
| EPS (Basic) | $0.42 | $-0.29 | $-1.08 | $-1.24 | $-0.95 | $0.05 | $-0.03 | $-0.15 |
| EPS (Diluted) | $0.42 | $-0.29 | $-1.08 | $-1.24 | $-0.95 | $0.05 | $-0.03 | $-0.15 |
| Shares Outstanding (Basic) | 166.1M | 130.6M | 66.0M | 65.8M | 50.1M | 45.0M | 181.9M | — |
| Shares Outstanding (Diluted) | 166.8M | 130.6M | 66.0M | 65.8M | 50.1M | 45.0M | 181.9M | — |
| Dividends Per Share | $1.00 | $1.00 | $1.00 | $1.60 | $0.69 | $0.86 | $0.65 | $0.60 |