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American Healthcare REIT Announces Full-Year 2025 Acquisition Activity of Over $950 Million Across its Operating Portfolio

American Healthcare REIT (NYSE: AHR) announced it closed over $950 million of acquisitions in 2025, with no further deals expected to close before year-end.

(Neutral)

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Rhea-AI Summary

American Healthcare REIT (NYSE: AHR) announced it closed over $950 million of acquisitions in 2025, with no further deals expected to close before year-end.

Acquisitions were concentrated in its operating portfolio: about $370 million in Integrated Senior Health Campuses (ISHC) and about $590 million in Senior Housing Operating Properties (SHOP). December activity included a 14-property long-term care portfolio for ISHC totaling over 1,400 beds and units. SHOP additions comprised over 1,700 units across 14 properties. Management said the deals align with disciplined capital allocation and aim to be accretive to growth in 2026.

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Positive

  • Total acquisitions closed: $950M+ in 2025
  • ISHC acquisitions: $370M
  • SHOP acquisitions: $590M
  • 14-property long-term care purchase adding 1,400+ beds/units
  • SHOP expansion added 1,700+ units across 14 properties

Negative

  • None.
Argus Dec 19 session
+0.96% close to close 2.1x rel. volume Open Argus
Details

News Market Reaction – AHR

On Dec 19, the first trading day after this news, AHR closed 0.96% above the previous close. That session’s volume was 2.1x the stock’s average daily volume.

Data tracked by StockTitan Argus for the Dec 19 session.

Key Figures

2025 acquisitions: Over $950 million ISHC acquisitions 2025: Approximately $370 million SHOP acquisitions 2025: Approximately $590 million +3 more
2025 acquisitions
Over $950 million
New acquisitions year-to-date 2025 across operating portfolio
ISHC acquisitions 2025
Approximately $370 million
New acquisitions within Integrated Senior Health Campuses segment
SHOP acquisitions 2025
Approximately $590 million
New acquisitions within Senior Housing Operating Properties segment
ISHC portfolio properties
14 properties
Long-term care asset portfolio acquired in December
ISHC beds and units
Over 1,400 beds and units
Capacity in acquired long-term care portfolio
SHOP added units
Over 1,700 units
Units added across 14 properties in SHOP segment

Historical Context

5 past events · Latest: Nov 20
5 events
  1. Nov 20

    Equity offering pricing

    24h Move
    -2.5%

    Priced 8.1M-share public offering with expected gross proceeds of $388.8M.

  2. Nov 20

    Equity offering launch

    24h Move
    -2.5%

    Announced underwritten forward common stock offering with 30-day upsize option.

  3. Nov 06

    Q3 2025 earnings

    24h Move
    +1.8%

    Strong Q3 results, double-digit same-store NOI growth, and raised 2025 guidance.

  4. Oct 01

    Earnings call schedule

    24h Move
    -1.5%

    Set dates for Q3 release and conference call with webcast details.

  5. Sep 18

    Dividend declaration

    24h Move
    -1.0%

    Declared Q3 2025 cash distribution of $0.25 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

long-term care
1 terms
long-term care medical
"including the acquisition in December of a 14-property portfolio of long-term care assets"
Long-term care is ongoing medical, personal and household assistance for people who cannot fully care for themselves because of aging, chronic illness or disability; it covers help with everyday tasks like bathing, dressing, eating, mobility and medication, provided at home, in assisted living or in nursing facilities. Investors care about long-term care because its demand, cost structure and regulation affect revenues, occupancy and profit margins for healthcare providers, insurers and related real estate—similar to how maintenance needs and tenant demand shape returns for a property owner.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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IRVINE, Calif., Dec. 18, 2025 /PRNewswire/ -- American Healthcare REIT, Inc. (NYSE: AHR) ("AHR", the "Company", "it", and "our") announced today that it has closed over $950 million of new acquisitions year-to-date in 2025 with no further acquisitions expected to close between now and year-end.

All of the Company's new acquisitions are concentrated within its operating portfolio, which consists of the Integrated Senior Health Campuses ("ISHC") and Senior Housing Operating Properties ("SHOP") segments that have driven AHR's strong operating momentum and growth in 2025. Entering the new year, these segments remain the Company's main focus for new external growth as it looks to further expand with its trusted operating partners while maintaining its commitment to exceptional care and outcomes for its residents.

Full-Year 2025 Investment Highlights

  • Over $950 million of new acquisitions completed across AHR's operating portfolio, including approximately $370 million within its ISHC segment, and approximately $590 million within its SHOP segment.
  • Continued growth of the ISHC segment with Trilogy Management Services as operator, including the acquisition in December of a 14-property portfolio of long-term care assets containing over 1,400 beds and units located in key regional markets.
  • Significant expansion of the SHOP segment adding over 1,700 units across 14 properties, supported by the Company's highly curated, trusted regional operating partners that are providing the highest standard of care and outcomes for the aging population across the U.S.
  • Disciplined capital allocation consistent with the Company's strategy to prioritize premier assets and invest in acquisitions that are expected to be accretive to growth in 2026 and beyond.

"We continue to execute on our strategy of investing in high-quality properties to add to our operating portfolio segments where we continue to see strong secular demand amidst a growing need for long-term care for the country's aging population," said Danny Prosky, the Company's President and Chief Executive Officer. "We expect that the acquisitions completed this year across our operating portfolio will drive strong risk-adjusted returns as our operating partners execute and deliver best-in-class care and healthcare outcomes. I am pleased that AHR is executing on its growth plans by adding nearly $1 billion of new assets to our portfolio in 2025. We expect to carry this momentum of external growth into the new year as we expand our reach into the communities we serve."

About American Healthcare REIT, Inc.

American Healthcare REIT, Inc. (NYSE: AHR) is a real estate investment trust that acquires, owns and operates a diversified portfolio of clinical healthcare real estate, focusing primarily on senior housing communities, skilled nursing facilities, and outpatient medical buildings across the United States, and in the United Kingdom and the Isle of Man.

Forward-Looking Statements

Certain statements contained in this press release, including statements relating to the Company's expectations regarding its portfolio performance, ability to continue to expand with existing operators, acquire properties that are accretive and drive risk adjusted returns, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may," "will," "can," "expect," "intend," "anticipate," "estimate," "believe," "continue," "possible," "initiatives," "focus," "seek," "objective," "goal," "strategy," "plan," "potential," "potentially," "preparing," "projected," "future," "long-term," "once," "should," "could," "would," "might," "uncertainty" or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Any such forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which the Company operates, and beliefs of, and assumptions made by, the Company's management and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied therein, including, without limitation, risks disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and other periodic reports filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statements contained in this release.

Investor Contact:  
Alan Peterson
VP, Investor Relations & Finance
(949) 270-9200
investorrelations@ahcreit.com

Media Contact:
Damon Elder
Spotlight Marketing Communications
(949) 427-1377
damon@spotlightmarcom.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/american-healthcare-reit-announces-full-year-2025-acquisition-activity-of-over-950-million-across-its-operating-portfolio-302646221.html

SOURCE American Healthcare REIT, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did American Healthcare REIT (AHR) acquire in 2025?

AHR closed over $950 million of new acquisitions year-to-date in 2025.

What portion of AHR's 2025 acquisitions went to ISHC vs SHOP?

About $370 million went to ISHC and about $590 million to SHOP in 2025.

What did AHR acquire in December 2025 for its ISHC segment?

AHR acquired a 14-property long-term care portfolio totaling over 1,400 beds and units in December 2025.

How many units did AHR add to its SHOP segment in 2025?

AHR added over 1,700 units across 14 SHOP properties in 2025.

Will AHR complete more acquisitions before the end of 2025?

No; AHR said no further acquisitions are expected to close between Dec 18, 2025 and year-end.

What is AHR's outlook for the 2025 acquisitions' impact on 2026?

Management expects the 2025 acquisitions to be accretive to growth in 2026 as operating partners execute.

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