Filing Flows › American Healthcare REIT (AHR) › Q3 2026 › vs Q2 2026
American Healthcare REIT (AHR) Q3 2026 vs Q2 2026 (quarter over quarter)
American Healthcare REIT's revenue rose $67.9M (+10%) from $674M in Q2 2026 to $742M in Q3 2026. The biggest changes: SHOP +$45.3M (+37%); Integrated Senior Health Campuses +$21.3M (+4%); Outpatient Medical +$681K (+2%). Operating margin 22.2% against 20.4% (+1.9 pts).
American Healthcare REIT, Q3 2026: revenue $742M (+30% year over year), operating margin 22.2%, net earnings $31.2M, operating cash flow $167M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 22.2% | 20.4% | +1.9 pts |
| Net margin | 4.2% | 4.5% | -0.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Integrated Senior Health Campuses | $534M | $513M | $21.3M | +4% |
| SHOP | $167M | $122M | $45.3M | +37% |
| Outpatient Medical | $30.7M | $30.0M | $681K | +2% |
| Triple Net Leased Properties | $10.4M | $9.7M | $644K | +7% |
| Revenue | $742M | $674M | $67.9M | +10% |
| Operating profit | $165M | $137M | $27.6M | +20% |
| Costs & expenses | $577M | $537M | $40.3M | +8% |
| Pre-tax earnings | $32.3M | $31.0M | $1.3M | +4% |
| Other expense, net | $133M | $106M | $26.3M | +25% |
| Net earnings | $31.2M | $30.6M | $607K | +2% |
| Minority interests | $302K | $374K | −$72K | -19% |
| Income tax | $740K | −$3K | $743K | — |
| Depreciation & amortization | $90.9M | $72.1M | $18.7M | +26% |
| Share-based compensation | $9.3M | $5.8M | $3.5M | +61% |
| Working capital & other | $35.5M | $10.1M | $25.4M | +251% |
| Operating cash flow | $167M | $119M | $48.3M | +41% |
Questions
How much did American Healthcare REIT's revenue grow quarter over quarter in Q3 2026?
American Healthcare REIT's revenue rose $67.9M (+10%) from $674M in Q2 2026 to $742M in Q3 2026.
What drove American Healthcare REIT's revenue change in Q3 2026?
SHOP +$45.3M (+37%); Integrated Senior Health Campuses +$21.3M (+4%); Outpatient Medical +$681K (+2%).