American Healthcare REIT Q4 NFFO $0.38/sh, FY24 guidance $1.18-$1.24; completed IPO, paid down $721M debt

American Healthcare REIT, Inc.

GAAP net loss $(0.42) per share Q4, $(1.08) FY2023; NFFO $0.38 Q4, $1.40 FY2023.
Total portfolio same-store NOI growth 9.5% Q4, 8.6% FY2023; SHOP NOI up 44.9% Q4.
Disposed $195M non-core properties in 2023; subsequent IPO of 64.4M shares at $12.
Used IPO proceeds to pay down ~$721M debt at 7.53% avg rate, improving leverage.
FY2024 guidance: NAREIT FFO $1.13-$1.19/sh, NFFO $1.18-$1.24/sh, SS NOI growth 5-7%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

American Healthcare REIT, Inc. reported financial results for year ended December 31, 2023.

Period: year ended December 31, 2023
Result: reported results

Exact text from the filing

Total Portfolio Same-Store Net Operating Income (“NOI”) growth of 8.6%, highlighted by 27.2% and 14.0% Same-Store NOI growth from our SHOP and Integrated Senior Health Campuses (“ISHC”), respectively.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

American Healthcare REIT, Inc. reported 12 months ended December 31, 2023 results: EPS $(1.08) per basic and diluted share.

Period: 12 months ended December 31, 2023
EPS: $(1.08) per basic and diluted share
Result: reported results

Exact text from the filing

Reported GAAP net loss attributable to stockholders of $(0.42) and $(1.08) per basic and diluted share for the three and 12 months ended December 31, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

American Healthcare REIT, Inc. updated its year ending December 31, 2024 guidance (initiated).

Period: year ending December 31, 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company has established the following guidance ranges for the year ending December 31, 2024: Full Year 2024 Guidance Metric FY 2023 Actual FY 2024 Range FY 2024 Midpoint NAREIT FFO per share Normalized FFO per share Total Portfolio SS NOI Growth: $0.99 $1.40 8.6% $1.13 to $1.19 $1.18 to $1.24 5.0% to 7.0% $1.16 $1.21 6.0%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

American Healthcare REIT, Inc. reported three months ended December 31, 2023 results: EPS $(0.42) per basic and diluted share.

Period: three months ended December 31, 2023
EPS: $(0.42) per basic and diluted share
Result: reported results

Exact text from the filing

Reported GAAP net loss attributable to stockholders of $(0.42) and $(1.08) per basic and diluted share for the three and 12 months ended December 31, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

American Healthcare REIT, Inc. updated its fourth quarter 2023 and full year 2023 guidance (initiated).

Period: fourth quarter 2023 and full year 2023
Guidance: initiated
Result: reported results

Exact text from the filing

American Healthcare REIT (“AHR”) Announces Fourth Quarter 2023 and Full Year 2023 Results; Issues Full Year 2024 Guidance

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American Healthcare REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001632970-24-000036

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