American Healthcare REIT dips after launching stock offering

Royal Bank of Canada

20/11/2025 21:39

** American Healthcare REIT's AHR.N shares down 1.6% post-market at $48.45 as it looks to raise equity

** Irvine, California-based owner of senior housing communities and skilled nursing facilities commences 8.1 mln share offering

** AHR to enter into 18-month forward sale agreement with bookrunner RBC

** Upon settlement of such agreement, co expects to use net offering proceeds for general corp purposes, including potential future investments

** As of Nov 14, AHR had ~178.2 mln shares outstanding, per the offering prospectus

** AHR shares on Thurs finished down 0.5% at $49.23 after hitting record intraday high of $50.80. Stock up 73% YTD as of last close

** 11 of 12 analysts rate AHR "strong buy" or "buy", 1 rates "hold"; median PT of $55 up from $47 a month ago, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))