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American Healthcare REIT, Inc (AHR) Fair Value & Analysis

Real Estate · US · Market cap $9.6B

AH American Healthcare REIT, Inc logo American Healthcare REIT, Inc AHR · US
Price$56.74
Fair Value$9.38
Upside-83.5%
Quality34/100
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Healthy Growth
Thin margins · 4.2% net margin
Low debt · generates free cash flow
2.13% dividend yield
Trails peers (3/14)
Narrow moat 32/100
Evidence: High Range $4.85 – $9.38 Share as image

Fair value as of: Jul 25, 2026

From 16 valuation models · updated 16 days ago

Share price +3.9% over the past month.

Below-average quality, and screening another 83% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($9.38). The favourable scenario is already priced in.
  • Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range ($4.85 to $9.38) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (3 years)

$57.72 $12.00 Fair Value $9.38 Feb 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 25, 2026.

How to read this chart

30‑month range $12.00 – $57.72 · fair‑value band $4.85 – $9.38 · the $56.74 price screens above the $9.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 25, 2026.

Full chart & analysis →

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Analysis

American Healthcare REIT, Inc (AHR) currently trades at $56.74, while our model-based Fair Value estimate is $9.38, implying the stock looks roughly 83.5% overvalued today. The Quality Score stands at 34/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, American Healthcare REIT, Inc generated revenue of $2.4B at a net margin of 4.2%. Revenue grew 20.9% year over year. It earns a return on equity of 3.5%. Net debt stands at $1.6B. Fundamentals as of Jul 25, 2026

Our scenario range runs from $4.85 (bear case) to $9.38 (bull case); at $56.74, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 64% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -48% fair-value upside, at -83%, AHR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $5.19 $11.40 $21.13 80
Residual Income $11.26 $10.84 $8.54 76
Rev-Margin DCF $3.71 $9.01 $15.69 74
All 16 models by family
DCF Models
FCF DCF $5.23 $11.93 $22.78 38
5Y Revenue Exit $3.71 $9.08 $16.20 39
5Y EBITDA Exit $13.53 $28.84 $47.92 41
10Y Revenue Exit $3.92 $9.07 $16.61 36
10Y EBITDA Exit $10.46 $23.03 $41.98 37
Dividend Discount
Gordon GGM $6.95 $13.84 $20.96 70
DDM Multi-Stage $6.95 $11.96 $14.61 61
Multiples
P/S Multiple $4.31 $5.74 $7.18 58
P/B Multiple $4.31 $5.74 $7.18 55
EV/EBIT $9.11 $13.58 $18.04 53
EV/EBITDA $19.96 $28.04 $36.12 54
EV/Revenue $3.10 $6.27 $9.43 43
Asset-Based
NCAV (Graham) $8.03 $10.76 $16.06 50
Growth DCF
Growth DCF $5.19 $11.40 $21.13 80
Rev-Margin DCF $3.71 $9.01 $15.69 74
Economic Profit
Residual Income $11.26 $10.84 $8.54 76

Widest divergence: Dividend Discount ($11.96) versus Multiples ($6.27). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $2.4B
Revenue growth (YoY) +20.9%
Net margin 4.2%
Return on equity 3.5%
Free cash flow $166M FY2025
P/E ratio 78.8
More key figures
Operating margin 6.4%
EPS (TTM) $0.5900
Dividend yield 2.1%
EPS growth (YoY) +306%
Net debt $1.6B FY2025

Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 36 · Market factors (momentum, volatility) 79

Profitability 19
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 94
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

American Healthcare REIT, Inc., a Maryland-based self-managed REIT, owns and operates a diversified portfolio of clinical healthcare real estate across the U.S., U.K., and the Isle of Man. Its focus includes senior housing, skilled nursing facilities (SNFs), outpatient medical (OM) buildings, and other healthcare-related properties.

Full company description

American Healthcare REIT, Inc., a Maryland-based self-managed REIT, owns and operates a diversified portfolio of clinical healthcare real estate across the U.S., U.K., and the Isle of Man. Its focus includes senior housing, skilled nursing facilities (SNFs), outpatient medical (OM) buildings, and other healthcare-related properties. The company utilizes a fully integrated management platform and operates senior housing under the RIDEA structure. In addition to owning and operating properties, it has originated and acquired secured loans and may pursue other real estate-related investments opportunistically. The REIT seeks income-generating assets and selectively develops healthcare properties. It has elected to be taxed as a REIT under the U.S. Internal Revenue Code and intends to maintain compliance with REIT requirements. American Healthcare REIT, Inc. is based in Irvine, United States.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

American Healthcare REIT, Inc reported revenue of $2.3B in FY2025 versus $1.3B in FY2021, a compound +15.6%/yr. Reported net income was $69.8M in FY2025.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$2.3B
Latest YoY
+9.1%
Avg. growth/yr (3Y)
+11.8%
Avg. growth/yr (5Y)
+13.8%
Avg. growth/yr (9Y)
+9.7%
Revenue +15.6%/yr
FY21 $1.3B
FY22 $1.6B
FY23 $1.9B
FY24 $2.1B
FY25 $2.3B
Net income
FY21 −$47.8M
FY22 −$81.3M
FY23 −$71.5M
FY24 −$37.8M
FY25 $69.8M

AHR screens 83% overvalued. Compare with Welltower Inc →

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Cite: Fair Value Calculator (2026). "American Healthcare REIT, Inc Fair Value". https://www.fairvalue-calculator.com/stock/AHR

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

REIT - Healthcare Facilities · 28 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 33 · Bottom 25%
Fair Value upside −84% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 6% · Bottom 25%
Revenue growth 21% · Top 25%
Dividend yield (TTM) 2.1% · Bottom 25%
Debt / equity 0.30× · Lower than 75% of peers

Valuation Multiples vs REIT - Healthcare Facilities median · lower = cheaper

P/E (TTM) 78.8× · Pricier than 75% of peers
P/B 2.90× · Pricier than 75% of peers
P/S (TTM) 4.06× · Cheaper than median
P/FCF 58.0× · Pricier than 75% of peers
EV/EBITDA 25.3× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 30
PAST 14 · sector 21
HEALTH 85 · sector 71
DIVIDEND 43 · sector 100

VALUE 0: the price sits above our fair-value range.

Insider activity: 46/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more REIT - Healthcare Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 25, 2026).

Stock Price Fair Value vs Fair Value
Welltower Inc WELL $231.59 $42.21 -82%
Ventas, Inc VTR $100.53 $18.07 -82%
Omega Healthcare Investors, Inc OHI $51.72 $33.69 -35%
Healthpeak Properties, Inc DOC $22.27 $7.02 -68%
CareTrust REIT, Inc CTRE $43.25 $23.07 -47%
Healthcare Realty Trust Incorporated HR $21.40 $20.60 -4%
Aedifica NV AED €69.85 €36.17 -48%
Chartwell Retirement Residences CSHUN C$22.81 C$3.52 -85%
Sabra Health Care REIT, Inc SBRA $22.36 $10.49 -53%
National Health Investors, Inc NHI $80.54 $49.86 -38%

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Frequently asked questions

Is American Healthcare REIT, Inc (AHR) overvalued or undervalued?
As of Jul 25, 2026, our model estimates a fair value of $9.38 versus a price of $56.74, about −83% (overvalued).
What is the fair value of AHR?
Our model-based fair value for American Healthcare REIT, Inc is $9.38 (as of Jul 25, 2026), built from audited fundamentals. The current price is $56.74.
What is the quality score of AHR?
American Healthcare REIT, Inc has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of American Healthcare REIT, Inc (AHR)?
American Healthcare REIT, Inc reported trailing-twelve-month revenue of about $2.4B (latest available figure, as of Jul 25, 2026).
What is the net profit margin of AHR?
The net profit margin of American Healthcare REIT, Inc is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
Does American Healthcare REIT, Inc pay a dividend?
American Healthcare REIT, Inc currently shows a dividend yield of about 2.13% relative to its recent price (as of Jul 25, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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