Loading...
•
Dec 31, 2024
American Healthcare REIT Inc Q4 2024 Earnings Report
American Healthcare REIT reported a GAAP net loss in Q4 2024 but delivered strong Same-Store NOI growth, particularly in senior housing.
Key Takeaways
American Healthcare REIT reported a GAAP net loss of $31.8 million in Q4 2024, equating to a loss of $0.21 per share. However, the company achieved strong Same-Store NOI growth of 21.6% for the quarter, driven by the senior housing operating properties (SHOP) segment, which grew 66.6%. The company also raised $120.2 million in equity through its at-the-market (ATM) program.
GAAP net loss of $31.8 million, or $0.21 per share.
Same-Store NOI grew 21.6% year-over-year, led by SHOP and ISHC segments.
The company raised $120.2 million in equity through the ATM program.
Total liquidity reached $984.3 million, supporting future growth initiatives.
Revenue by Segment
Forward Guidance
AHR expects continued growth in 2025, with projected Same-Store NOI growth between 7.0% and 10.0%, and NFFO per share increasing to a range of $1.56 to $1.60.
Positive Outlook
- Projected NFFO per share guidance of $1.56 to $1.60 for 2025.
- Same-Store NOI expected to grow between 7.0% and 10.0%.
- SHOP segment expected to grow between 18.0% and 22.0%.
- Improved Net Debt-to-Annualized Adjusted EBITDA ratio of 4.3x.
- Planned acquisitions and expansions in senior housing investments.
Challenges Ahead
- Continued GAAP net losses expected due to depreciation expenses.
- Potential market headwinds in outpatient medical properties.
- Interest expenses remain a concern despite refinancing efforts.
- Possible challenges in occupancy growth for certain property segments.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...