American Healthcare REIT (AHR) Investor presentation summary

Improved financial guidance and growth outlook

• Full year 2026 guidance raised for net income, NAREIT FFO, and normalized FFO per share, with normalized FFO per share growth expected to exceed 25% year-over-year at the midpoint.

• Same-store NOI growth guidance increased across all segments, driven by strong demand and platform initiatives.

• Over $2.0B in acquisitions closed year-to-date, with an additional $675M+ in awarded investments pipeline not yet included in guidance.

Platform enhancements and leadership changes

• Key leadership transitions include Jeff Hanson as CEO, Gabe Willhite as President & COO, and new hires in CFO, asset management, and technology roles.

• Platform enhancements include expanded operator support, technology investments, and innovation forums to drive operational excellence.

• Strong organic growth with Q2 2026 same-store NOI up 13.2%, ISHC up 16.1%, and SHOP up 20.5%.

Strategic focus and operator partnerships

• Focus on high-quality, needs-based senior housing assets and partnerships with top regional operators.

• Multimodal operator support system provides capital, analytics, and best practices, enhancing operator performance and alignment.

• Unique partnership with Trilogy acts as a laboratory for innovation and operational improvement across the platform.