Filing Flows › American Healthcare REIT (AHR) › Q2 2026 › vs Q1 2026
American Healthcare REIT (AHR) Q2 2026 vs Q1 2026 (quarter over quarter)
American Healthcare REIT's revenue rose $23.5M (+4%) from $651M in Q1 2026 to $674M in Q2 2026. The biggest changes: SHOP +$14.6M (+14%); Integrated Senior Health Campuses +$10.1M (+2%); Outpatient Medical −$857K (-3%). Operating margin 20.4% against 19.3% (+1.1 pts).
American Healthcare REIT, Q2 2026: revenue $674M (+24% year over year), operating margin 20.4%, net earnings $31.0M, operating cash flow $119M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 20.4% | 19.3% | +1.1 pts |
| Net margin | 4.6% | 3.7% | +0.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Integrated Senior Health Campuses | $513M | $503M | $10.1M | +2% |
| SHOP | $122M | $107M | $14.6M | +14% |
| Outpatient Medical | $30.0M | $30.8M | −$857K | -3% |
| Triple Net Leased Properties | $9.7M | $10.2M | −$419K | -4% |
| Revenue | $674M | $651M | $23.5M | +4% |
| Operating profit | $137M | $126M | $11.7M | +9% |
| Costs & expenses | $537M | $525M | $11.7M | +2% |
| Pre-tax earnings | $31.0M | $23.5M | $7.5M | +32% |
| Other expense, net | $106M | $102M | $4.2M | +4% |
| Income tax benefit | $3K | $525K | −$522K | -99% |
| Net earnings | $31.0M | $24.0M | $7.0M | +29% |
| Depreciation & amortization | $72.1M | $67.1M | $5.1M | +8% |
| Share-based compensation | $5.8M | $4.9M | $909K | +19% |
| Working capital & other | $9.7M | −$14.9M | $24.6M | — |
| Operating cash flow | $119M | $81.1M | $37.6M | +46% |
Questions
How much did American Healthcare REIT's revenue grow quarter over quarter in Q2 2026?
American Healthcare REIT's revenue rose $23.5M (+4%) from $651M in Q1 2026 to $674M in Q2 2026.
What drove American Healthcare REIT's revenue change in Q2 2026?
SHOP +$14.6M (+14%); Integrated Senior Health Campuses +$10.1M (+2%); Outpatient Medical −$857K (-3%).