American Healthcare REIT Q4 GAAP net income $10.8M, NFFO $0.46/sh; guides FY2026 NFFO $1.99-$2.05

American Healthcare REIT, Inc.

2025-FY EPS reported $0.42 revenue$2,260,123,000

Q4 GAAP net income $10.8M ($0.06 diluted EPS); full year 2025 net income $69.8M ($0.42 diluted EPS).
NFFO per diluted share $0.46 for Q4 and $1.72 for FY2025, record >20% YoY growth.
Total portfolio Same-Store NOI growth 11.8% in Q4 and 14.2% for FY2025; SHOP segment led with 24.6%/25.2%.
Issued FY2026 guidance: NFFO $1.99-$2.05/sh (midpoint $2.02), Same-Store NOI growth 7-11%.
Completed $950M+ in acquisitions during 2025; raised ~$447M forward equity and ~$362M ATM forward sales.

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