NYSE$AHR

American Healthcare REIT Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

American Healthcare REIT Inc announced third quarter 2024 results and updated its full year 2024 guidance.

American Healthcare REIT reported a GAAP net loss of $(3.1) million and Normalized Funds from Operations attributable to common stockholders (“NFFO”) of $0.36 per diluted share for the three months ended September 30, 2024. Achieved total portfolio Same-Store Net Operating Income (“NOI”) growth of 17.0% for the three months ended September 30, 2024 compared to the same period in 2023.

  • Reported GAAP net loss of $(3.1) million and GAAP net loss attributable to common stockholders of $(0.03) per diluted share for the three months ended September 30, 2024.
  • Reported Normalized Funds from Operations attributable to common stockholders (“NFFO”) of $0.36 per diluted share for the three months ended September 30, 2024.
  • Achieved total portfolio Same-Store Net Operating Income (“NOI”) growth of 17.0% for the three months ended September 30, 2024 compared to the same period in 2023, highlighted by 61.8% and 22.6% Same-Store NOI growth from its senior housing operating properties (“SHOP”) and integrated senior health campuses (“ISHC”), respectively.
  • The Company is increasing total portfolio Same-Store NOI growth guidance from a range of 12.0% to 14.0% to a revised range of 15.0% to 17.0%, for the year ending December 31, 2024.

Headline financials

Total Revenue

$477M

Previous: $416M+14.6%
EPS

-$0.03

Previous: -$0.09+66.7%
SHOP SS NOI Growth

61.8%

Previous: 0.0%
Total Portfolio SS NOI Growth

17.0%

Previous: 0.0%
ISHC SS NOI Growth

22.6%

Previous: 0.0%
Outpatient Medical SS NOI Growth

0.1%

Previous: 0.0%
Triple-Net SS NOI Growth

3.0%

Previous: 0.0%
Capital Expenditures

-$52.1M

Previous: -$45.4M-14.8%
Free Cash Flow

-$56.2M

Previous: -$51.4M-9.5%
Net Income

-$4.13M

Previous: -$5.99M+31.1%
Operating Income

$93.5M

Previous: $75.1M+24.6%
Gross Profit

$59.7M

Previous: $41.6M+43.5%
Stock-Based Comp

$2.63M

Previous: $1.58M+66.6%

Revenue & EPS history

American Healthcare REIT Inc · Revenue · Quarterly

$477M

Q3 2024+14.6%vs Q3 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

The Company’s guidance for the year ending December 31, 2024, is being increased to reflect the impact of the acquisition of the minority membership interest in Trilogy Holdings and management's improved outlook on portfolio performance.

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 Q3 2024

Historical avgQ3 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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