BlackRock discloses 24.6M American Healthcare REIT (AHR) shares in 13G/A

Rhea-AI Filing Summary

BlackRock, Inc. has filed an amended Schedule 13G reporting beneficial ownership of 24,609,199 shares of American Healthcare REIT Inc. common stock, representing 13.2% of the class. BlackRock reports sole voting power over 24,031,108 shares and sole dispositive power over all 24,609,199 shares.

The filing states the securities are held by certain BlackRock business units in the ordinary course of business, not for the purpose of changing or influencing control of the company. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of the outstanding shares.

Insights

Equity ownership analyst

BlackRock reports a sizable, passive 13.2% stake in American Healthcare REIT.

BlackRock, Inc. discloses beneficial ownership of 24,609,199 American Healthcare REIT common shares, equal to 13.2% of the class. It has sole voting power on 24,031,108 shares and sole dispositive power on all reported shares, with no shared powers indicated.

The position is held across specific BlackRock business units and classified as being in the ordinary course of business. The certification explicitly states the holdings are not for changing or influencing control of the issuer, aligning this with a passive institutional ownership posture rather than activist engagement.

Various underlying investors have economic rights to dividends and sale proceeds, but each holds under five percent of the total outstanding common shares. Subsequent ownership reports in future periods will show whether BlackRock’s percentage stake in American Healthcare REIT Inc. increases, decreases, or remains broadly stable.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

AMERICAN HEALTHCARE REIT INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

398182303

(CUSIP Number)

01/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 398182303

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 24,031,108.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 24,609,199.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

24,609,199.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.2 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: AMERICAN HEALTHCARE REIT INC
(b)	Address of issuer's principal executive offices: 18191 VON KARMAN AVENUE, SUITE 300 IRVINE CA 92612
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 398182303
Item 4.	Ownership
(a)	Amount beneficially owned: 24609199
(b)	Percent of class: 13.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 24031108
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 24609199
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of AMERICAN HEALTHCARE REIT INC. No one person's interest in the common stock of AMERICAN HEALTHCARE REIT INC is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	02/06/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

How many American Healthcare REIT (AHR) shares does BlackRock report owning?

BlackRock reports beneficial ownership of 24,609,199 American Healthcare REIT common shares. The filing states this stake represents 13.2% of the company’s outstanding common stock, with BlackRock holding sole dispositive power over all reported shares and sole voting power on 24,031,108 of them.

What percentage of American Healthcare REIT (AHR) does BlackRock’s stake represent?

BlackRock’s reported stake represents 13.2% of American Healthcare REIT’s common stock. This percentage is based on 24,609,199 shares beneficially owned. The filing characterizes the position as held in the ordinary course of business, rather than for changing or influencing control of the company.

Is BlackRock seeking to influence control of American Healthcare REIT (AHR)?

The filing states BlackRock is not seeking to change or influence control of American Healthcare REIT. BlackRock certifies the securities were acquired and are held in the ordinary course of business, and not in connection with any transaction intended to influence control, aside from limited nomination-related activities.

Does BlackRock hold voting and dispositive power over its AHR shares?

BlackRock reports sole voting and dispositive power over its American Healthcare REIT shares. It has sole voting power over 24,031,108 shares and sole dispositive power over 24,609,199 shares, with no shared voting or shared dispositive authority reported in the ownership breakdown.

Who ultimately benefits from BlackRock’s American Healthcare REIT (AHR) holdings?

Various underlying clients benefit economically from BlackRock’s American Healthcare REIT shares. The filing explains that multiple persons may receive dividends or sale proceeds, but no individual client’s interest in American Healthcare REIT common stock exceeds five percent of the total outstanding common shares.

What type of SEC filing did BlackRock submit for its AHR position?

BlackRock submitted an amended Schedule 13G (Amendment No. 2) for its American Healthcare REIT stake. This type of filing is used to report passive beneficial ownership exceeding five percent, and here reflects holdings by designated BlackRock business units, not all BlackRock-affiliated entities.