American Healthcare REIT lifts FY25 same-store NOI growth guidance

Overview

• American Healthcare REIT Q2 Same-Store NOI grows 13.9% yr/yr

• Company increases full-year 2025 guidance for Same-Store NOI and NFFO

• Co acquires new SHOP asset for $65 mln, enhancing portfolio growth

Outlook

• Company raises full-year Same-Store NOI growth guidance to 11%-14%

• American Healthcare REIT increases NFFO guidance to $1.64-$1.68 per share

• Company anticipates higher occupancy through summer selling season

Result Drivers

• OCCUPANCY GAINS - Co attributes Same-Store NOI growth to steady occupancy gains in ISHC and SHOP segments

• EXPENSE MANAGEMENT - Proactive expense management contributed to improved operating results, per COO Gabe Willhite

• ACQUISITIONS - Acquisition of new SHOP asset for $65 mln and strategic capital allocation activities enhanced portfolio growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialized reits peer group is "buy"

• Wall Street's median 12-month price target for American Healthcare REIT Inc is $40.00, about 0.9% above its August 6 closing price of $39.65

• The stock recently traded at 74 times the next 12-month earnings vs. a P/E of 76 three months ago

Press Release: ID:nPn4tp8bna