NYSE$AHR

American Healthcare REIT Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

American Healthcare REIT Inc's Q2 2024 results were announced, and full-year 2024 guidance was increased.

American Healthcare REIT reported a GAAP net income of $2.9 million for the second quarter of 2024, a significant improvement from the net loss of $(11.9) million in the same period last year. The company also achieved a total portfolio Same-Store NOI growth of 15.7% and increased its full-year guidance for both Same-Store NOI growth and NFFO.

  • Reported GAAP net income attributable to common stockholders of $0.01 per diluted share.
  • Reported Normalized Funds from Operations attributable to common stockholders (“NFFO”) of $0.33 per diluted share.
  • Achieved total portfolio Same-Store Net Operating Income (“NOI”) growth of 15.7%.
  • Increased total portfolio Same-Store NOI growth guidance for the year ending December 31, 2024 to a revised range of 12.0% to 14.0%.

Headline financials

Total Revenue

$458M

Previous: $411M+11.5%
EPS

$0.01

Previous: -$0.19+105.3%
SHOP SS NOI Growth

49.1%

No prior period
Total Portfolio SS NOI Growth

15.7%

No prior period
ISHC SS NOI Growth

24.1%

No prior period
Outpatient Medical SS NOI Growth

-0.4%

No prior period
Triple-Net SS NOI Growth

2.9%

No prior period
Capital Expenditures

-$46.4M

Previous: -$12.3M-276.5%
Free Cash Flow

-$44.4M

Previous: -$24.5M-81.3%
Net Income

$1.98M

Previous: -$12.2M+116.2%
Operating Income

$88.7M

Previous: $80.4M+10.4%
Gross Profit

$55.4M

Previous: $38.1M+45.6%
Stock-Based Comp

$3.27M

Previous: $1.58M+106.3%

Revenue & EPS history

American Healthcare REIT Inc · Revenue · Quarterly

$458M

Q2 2024+11.5%vs Q2 2023
Beat estimate in 3 of 8 quarters(38%)
ActualEstimate

Revenue by segment

American Healthcare REIT Inc · $543M total across 4 segments · Q4 2024

  • ISHC
    $423M
  • SHOP
    $73.5M
  • Outpatient Medical
    $33.3M
  • Triple-Net Leased
    $12.6M

Forward guidance

American Healthcare REIT increased its full year 2024 Same-Store NOI growth and earnings guidance to reflect the occupancy gains and results achieved in 2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+1.8%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+3.9%

Avg return

30 days after

64%

7 / 11 earnings

Positive

+8.3%

Q1 2025

Best reaction

-2.1%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.3%+4.1%-4.2%
Q4 2025-2.1%-2.5%-11.4%
Q3 2025+3.0%-0.1%+4.6%
Q2 2025+1.3%+2.0%+7.2%
Q1 2025+8.3%+6.1%+10.2%
Q4 2024-1.3%+0.7%+0.8%
Q3 2024+1.2%+2.7%+7.1%
Q2 2024+3.3%+3.6%+35.1%
Q1 2024-0.1%+3.5%+6.2%
Q2 2023+2.8%+1.3%-6.8%
Q4 2023-0.8%+3.2%-5.9%
Q3 2023
Q1 2023
Q4 2022
Q3 2022
Q2 2022
Q1 2022
Q4 2021
Q3 2021
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q3 2018
Q2 2018
Q1 2018
Q3 2017
Q2 2017
Q1 2017

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