Royal Bank of Canada (AHR) reports 5.00% ownership in American Healthcare REIT

Rhea-AI Filing Summary

Royal Bank of Canada has filed a beneficial ownership report showing a significant stake in American Healthcare REIT Inc. common stock. RBC reports beneficial ownership of 9,315,002 shares, representing 5.00% of the company’s common stock as of December 31, 2025.

RBC reports no sole voting or dispositive power over these shares, but shared voting and shared dispositive power over all 9,315,002 shares. The filing identifies RBC Capital Markets, LLC, a registered broker-dealer subsidiary, as the relevant entity involved in acquiring the securities.

The certification states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of American Healthcare REIT, nor as part of any control-related transaction.

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Accepted by SEC EDGAR 02/13/2026 - 02:11 PM Learn about SEC filing dates

FAQ

What stake does Royal Bank of Canada report in AHR common stock?

Royal Bank of Canada reports beneficial ownership of 9,315,002 shares of American Healthcare REIT Inc. common stock, representing 5.00% of the class as of December 31, 2025. This crosses the 5% disclosure threshold that requires a Schedule 13G filing.

Does Royal Bank of Canada control voting for its AHR shares?

Royal Bank of Canada reports no sole voting power over American Healthcare REIT shares, but shared voting power over 9,315,002 shares. It also reports shared dispositive power over the same amount, indicating decisions are made jointly rather than by RBC alone.

Why did Royal Bank of Canada file a Schedule 13G for AHR?

Royal Bank of Canada filed because its beneficial ownership in American Healthcare REIT Inc. reached 5.00% of outstanding common stock. The certification states the position is held in the ordinary course of business and not for the purpose of changing or influencing control of the company.

Which RBC subsidiary is associated with the AHR share position?

The filing identifies RBC Capital Markets, LLC as the relevant subsidiary. It is described as a broker-dealer registered under section 15 of the Securities Exchange Act, indicating the AHR position is held within RBC’s capital markets and brokerage operations rather than a retail banking unit.

Is Royal Bank of Canada part of a group with others in holding AHR shares?

The Schedule 13G notes "Not Applicable" for membership in a group and dissolution of a group. This indicates the reported 5.00% beneficial ownership in American Healthcare REIT is attributed to Royal Bank of Canada and its subsidiary, rather than to a coordinated investor group.

Does the RBC filing indicate any intent to influence control of AHR?

No. The certification explicitly states the securities were acquired and are held in the ordinary course of business, not to change or influence control of American Healthcare REIT. It also notes they are not held in connection with any control-related transaction, except limited nomination activities allowed by regulation.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

AMERICAN HEALTHCARE REIT INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

398182303

(CUSIP Number)

12/31/2025

(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

Royal Bank of Canada

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

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 9,315,002.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 9,315,002.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,315,002.00

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)

5.00 %

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, California, 92612
Item 2.
(a)	Name of person filing: Royal Bank of Canada
(b)	Address or principal business office or, if none, residence: 200 Bay Street, Toronto, Ontario, M5J QJ5, Canada
(c)	Citizenship: Canada
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 398182303
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 9,315,002
(b)	Percent of class: 5.00 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 9,315,002
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 9,315,002
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.
	Not Applicable
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. RBC Capital Markets, LLC: A broker -dealer registered under section 15 of the Act (15 U.S.C 78o).
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.

Royal Bank of Canada

Signature:	/s/ Terry Fallon
Name/Title:	Managing Director
Date:	02/12/2026

Exhibit Information

99.1 Power of Attorney https://www.sec.gov/Archives/edgar/data/1000275/000121465925015105/ex99_1.htm