American Healthcare REIT Inc reports results for the quarter ended June 30 - Earnings Summary

• American Healthcare REIT Inc AHR.N reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of five analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 8 cents to 13 cents per share.

• Revenue rose 7.5% to $542.50 million from a year ago; analysts expected $544.59 million.

• American Healthcare REIT Inc's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $9.91 million.

• American Healthcare REIT Inc shares had risen by 7.9% this quarter and gained 39.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• 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 also "buy"

• Wall Street's median 12-month price target for American Healthcare REIT Inc is $40.00, about 0.4% above its last closing price of $39.86

This summary was machine generated from LSEG data August 8 at 04:03 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)