AHR (American Healthcare REIT) Scaled Net Operating Assets: 0.92 (As of Jun. 2026)

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AHR American Healthcare REIT Inc AHR
41 GF Score
Price $52.69
GF Value $30.39
Valuation Significantly Overvalued
! 7 Warning Signs
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What is American Healthcare REIT Scaled Net Operating Assets?

American Healthcare REIT AHR -5.01% 41 Scaled Net Operating Assets is 0.92 as of Jun. 2026. GuruFocus rates AHR with a GF Score™ of 41/100 and a GF Value™ of $30.39 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

American Healthcare REIT's operating assets for the quarter that ended in Jun. 2026 was $5,547 Mil. American Healthcare REIT's operating liabilities for the quarter that ended in Jun. 2026 was $395 Mil. American Healthcare REIT's Total Assets for the quarter that ended in Mar. 2026 was $5,599 Mil. Therefore, American Healthcare REIT's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.92.


American Healthcare REIT Scaled Net Operating Assets Historical Data

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The historical data trend for American Healthcare REIT's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

American Healthcare REIT Scaled Net Operating Assets Chart

American Healthcare REIT Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.00 0.96 0.88 0.90 1.10

American Healthcare REIT Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 0.95 1.03 0.94 0.92

AHR vs CTRE, HR, DOC: Scaled Net Operating Assets Comparison

For the REIT - Healthcare Facilities subindustry, American Healthcare REIT's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


American Healthcare REIT Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, American Healthcare REIT's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where American Healthcare REIT's Scaled Net Operating Assets falls into.


AHR
41GF Score
American Healthcare REIT Inc AHR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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American Healthcare REIT Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

American Healthcare REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(5311.39-379.42)/4488.057
=1.10

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5426.226 - 114.836
=5311.39

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2065.611 - 1136.43 - 549.761
=379.42

American Healthcare REIT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(5547.022-394.617)/5598.658
=0.92

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5703.918 - 156.896
=5547.022

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1962.027 - 1017.538 - 549.872
=394.617

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.92 mean?
American Healthcare REIT (AHR) has a Scaled Net Operating Assets of 0.92 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on American Healthcare REIT and its competitors.
Is American Healthcare REIT's Scaled Net Operating Assets too high?
American Healthcare REIT's current Scaled Net Operating Assets is 0.92. Overall, American Healthcare REIT has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does American Healthcare REIT's Scaled Net Operating Assets compare to CTRE and HR?
American Healthcare REIT's Scaled Net Operating Assets of 0.92 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on American Healthcare REIT and its competitors. American Healthcare REIT's current Scaled Net Operating Assets is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Healthcare REIT stock overvalued right now?
Based on GuruFocus' analysis, American Healthcare REIT (AHR) is currently considered Significantly Overvalued. The stock's GF Value™ is $30.39, compared to a current price of $52.69 — trading 73.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.92. American Healthcare REIT's overall GF Score™ is 41/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For American Healthcare REIT (AHR), the current Scaled Net Operating Assets is 0.92 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is American Healthcare REIT (AHR) Overvalued in 2026?

Based on GuruFocus' analysis, American Healthcare REIT stock appears to be overvalued. The current stock price of $52.69 is trading 73.4% above its estimated GF Value™ of $30.39. GuruFocus considers American Healthcare REIT to be Significantly Overvalued.

Key valuation signals for AHR:

  • Scaled Net Operating Assets: 0.92
  • GF Value™: $30.39 vs. price of $52.69 (73.4% above fair value)
  • GF Score™: 41/100 with 7 warning signs

No single metric tells the full story. See the AHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


American Healthcare REIT Business Description

Industry Real EstateREITs
Other Exchanges AHR:Mexico
Address 18191 Von Karman Avenue, Suite 300, Irvine, CA, USA, 92612
American Healthcare REIT Inc is a healthcare-focused real estate investment trust. It owns a diversified portfolio of clinical healthcare real estate properties, focusing on medical office buildings, skilled nursing facilities, senior housing, hospitals, and other healthcare-related facilities. It has four reportable business segments: integrated senior health campuses, outpatient medical, triple-net leased properties and SHOP. It generates majority of its revenue through Integrated Senior Health Campuses segment.
41GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$52.69
Price
$30.39
GF Value