American Healthcare REIT Delivers Strong Q1 2025 Results: Record Same-Store NOI Growth and Expanded Pipeline
On May 9, 2025, American Healthcare REIT (AHR) reported its first quarter earnings for the year 2025, showcasing a remarkable performance that exceeded expectations. In a conference call, Danny Prosky, President and CEO of AHR, expressed pride in the company's operating partners and team members for delivering strong results across their operating portfolio.
One of the highlights of Q1 2025 was the achievement of 15.1% same-store NOI growth year-over-year, led by the Integrated Senior Health Campuses, also referred to as Trilogy, and the Senior Housing Operating Properties (SHOP) segment. This impressive growth demonstrates the company's commitment to delivering high-quality care and facilitating better health outcomes across its campuses and properties.
The diversified health care portfolio of AHR proved to be a positive force during the typically slower growth period of winter months and flu season. The post-acute skilled nursing settings within Trilogy performed particularly well, contributing significantly to the strong overall performance. As a result, the company is increasing its full-year same-store NOI growth expectations for the Trilogy segment.
AHR's capital markets activity in Q1 2025 further strengthened its financial position and supported its planned external growth for this year and beyond. The company's Chief Investment Officer, Stefan Oh, compiled a pipeline of over $300 million in acquisitions that are expected to close before year-end, in addition to the assets already closed on so far this year.
The Annual Operator Summit held by AHR brought together operating partners to share best practices and reinforce the emphasis on quality care, quality outcomes, resident satisfaction, employee retention, and satisfaction. This commitment to care is at the heart of every decision made by the company and its partnerships.
As AHR continues to focus on delivering high-quality care and facilitating better health outcomes, it remains committed to driving consistent and sustainable financial performance. With a strong operational foundation and a growing pipeline of acquisitions, AHR is well-positioned for future growth and success.
