American Healthcare REIT, a Maryland corporation, has recently released its 10-Q report. The company is a self-managed real estate investment trust (REIT) that focuses on acquiring, owning, and operating a diversified portfolio of clinical healthcare real estate properties, with a primary emphasis on senior housing, skilled nursing facilities, outpatient medical buildings, and other healthcare-related facilities. They also operate in the United Kingdom and the Isle of Man. American Healthcare REIT owns and operates integrated senior health campuses and senior housing operating properties, and may acquire other real estate-related investments in the future on an infrequent and opportunistic basis. They have elected to be taxed as a REIT for U.S. federal income tax purposes.
In the 10-Q report, American Healthcare REIT discusses the Management’s Discussion and Analysis of Financial Condition and Results of Operations. They provide a detailed overview of their results of operations and financial condition, including their evaluation and interpretation of business conditions, changing capital market conditions, and other factors that could affect the ongoing operations and occupancy of their tenants and residents. The company emphasizes that their results of operations and financial condition are subject to management’s evaluation and interpretation and are based on current expectations, estimates, and projections about the industry and markets in which they operate.
The report also highlights the company's operating partnership, through which they conduct substantially all of their operations. As of June 30, 2025, they owned 98.8% of the operating partnership units in their operating partnership. American Healthcare REIT also provides a detailed breakdown of their real estate investments portfolio, which includes integrated senior health campuses, outpatient medical buildings, senior housing operating properties, and triple-net leased properties.
The company emphasizes the impact of inflation on their operations, citing increases in the cost of labor, services, energy, and supplies. They discuss their strategies for mitigating the impact of inflation, including billing higher rent and care fee increases for existing residents and adjusting market rates based on competitor pricing and market conditions.
Additionally, the report discusses scheduled lease expirations, with 5.6% of the leased gross leasable area scheduled to expire during the remainder of 2025. The company's leasing strategy focuses on negotiating renewals for expiring leases and identifying new tenants or collaborating with existing tenants seeking additional space to occupy.
American Healthcare REIT also provides a comparison of their results of operations for the three and six months ended June 30, 2025, and 2024. They attribute changes in their consolidated results of operations to factors such as an increase in resident occupancies and billing rates, the adverse impact of inflation, and their acquisitions and dispositions of investments. The report provides a detailed breakdown of their operations into reporting segments, including integrated senior health campuses, outpatient medical buildings, senior housing operating properties, and triple-net leased properties.
Following these announcements, the company's shares moved 1.63%, and are now trading at a price of $40.51. If you want to know more, read the company's complete 10-Q report here.
