---
schema_version: "secwatch.filing_event.v1"
accession: "0001632970-25-000037"
form_type: "8-K"
ticker: "AHR"
cik: "0001632970"
company_name: "American Healthcare REIT, Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T04:38:35.321991+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# American Healthcare REIT Q1 NFFO $0.38; raises FY25 guidance on strong NOI growth

## Summary
- GAAP net loss $6.8M ($0.04/diluted); NFFO $0.38/diluted.
- Portfolio same-store NOI +15.1%; SHOP +30.7%, ISHC +19.8%.
- FY25 NFFO guidance raised to $1.58-$1.64 (midpoint $1.61) from $1.56-$1.60; SS NOI growth raised to 9%-13%.
- Raised $47.7M via ATM at $30.22/share; net debt/EBITDA 4.5x, liquidity $634.5M.
- Subsequent to Q1: acquired SHOP for $65M, sold three non-core for $29M; $300M+ acquisition pipeline awarded.

## SEC filing metadata
- accession: 0001632970-25-000037
- form_type: 8-K
- ticker: AHR
- cik: 0001632970
- company_name: American Healthcare REIT, Inc.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1632970/000163297025000037/0001632970-25-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1632970/000163297025000037/ahr-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001632970-25-000037
- JSON: https://secwatch.observer/filing/0001632970-25-000037.json
- Plain text: https://secwatch.observer/filing/0001632970-25-000037.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.