Quarterly ResultMay 7, 2026, 04:33 PM
American Healthcare REIT Q1 NFFO $0.50; Raises FY26 Guidance
AI Summary
American Healthcare REIT announced strong first quarter 2026 results, with GAAP net income of $23.7 million and NFFO of $0.50 per diluted share, marking over 30% growth year-over-year. The company achieved robust Same-Store NOI growth of 12.1% across its total portfolio and significantly increased its full year 2026 guidance for both NFFO per diluted share and total portfolio Same-Store NOI growth. Additionally, AHR completed $162.8 million in new acquisitions, improved its Net Debt-to-Annualized Adjusted EBITDA to 3.0x, and expanded its credit facility.
Key Highlights
- Reported GAAP net income of $23.7 million, or $0.13 per diluted share, for Q1 2026.
- Normalized FFO (NFFO) was $0.50 per diluted share, representing over 30% growth year-over-year.
- Achieved total portfolio Same-Store Net Operating Income (NOI) growth of 12.1% for Q1 2026.
- Increased full year 2026 NFFO per diluted share guidance to $2.03-$2.09 (midpoint $2.06).
- Increased full year 2026 total portfolio Same-Store NOI growth guidance to 9.0%-12.0% (midpoint 10.5%).
- Acquired approximately $162.8 million of new investments within its SHOP segment during Q1 2026.
- Net Debt-to-Annualized Adjusted EBITDA improved to 3.0x as of March 31, 2026, from 3.4x.
- Amended credit facility, increasing unsecured revolving credit facility to $800 million from $600 million.