The following is a summary of the American Healthcare REIT, Inc. (AHR) Q3 2024 Earnings Call Transcript:

Financial Performance:

• AHR's same-store NOI grew by 17% year-over-year in Q3 2024, showing strong performance from their managed portfolio segments.

• Normalized Funds From Operations (NFFO) was reported at $0.36 per diluted share for Q3 2024.

• AHR increased its 2024 full-year guidance for same-store NOI growth and NFFO due to better property performance and successful transactions like the complete acquisition of Trilogy, contributing to higher earnings.

Business Progress:

• AHR completed the acquisition of the remaining minority interest in Trilogy, improving capital allocation efficiency and future earnings potential.

• Newly opened and expanded facilities by Trilogy are expected to support future earnings growth.

• Completed acquisitions of senior housing assets and SHOP segment growth expected to bolster the managed portfolio.

• The company expects continued external growth facilitated by its enhanced financial position.

Opportunities:

• Continued strong market demand particularly in senior healthcare and housing, alongside robust facility occupancy, presents significant growth potential for AHR.

Risks:

• Gradual occupancy growth across certain facilities could moderate pace of revenue increase.

• Rising operation expenses, particularly from wage pressures, might impact profit margins.

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