The following is a summary of the American Healthcare REIT, Inc. (AHR) Q1 2024 Earnings Call Transcript:

Financial Performance:

• In Q1 2024, American Healthcare REIT reported earning $0.30 per share of normalized funds from operations, primarily attributed to a 13% increase in same-store net operating income within their portfolio.

• The company raised approximately $773 million through the offering of 64.4 million shares, servicing around $722 million of high-interest, short-term maturity debt.

• They sold around $16 million worth of non-core assets and are planning to sell an additional $45 million to $50 million of assets throughout the year.

Business Progress:

• American Healthcare REIT continues to focus on optimizing portfolio performance and capital allocation.

• Due to the increasing U.S. 80-plus population, the company is planning to leverage the growing demand in the long-term care sector.

• Completed acquisition of 14 properties in Oregon along with significant operational gains after transitioning operations for a 220-bed portfolio in Nebraska.

• Anticipating future market conditions, the company is planning further asset sales with an aim of higher profit margins.

• The company plans to buy back leases and initiate the construction of independent living villas on various campuses, expecting relatively short construction timelines and pre-lease arrangements.

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