American Healthcare REIT Q4 Earnings Call Highlights

Wilhite said performance was led by the operating portfolio—integrated senior health campuses (Trilogy) and SHOP—which now contributes 76.9% of consolidated cash NOI. He attributed 2025 same-store growth in the operating portfolio to:Chief Operating Officer Gabe Wilhite said the fourth quarter “capped off another exceptional year” of NOI growth. AHR reported total portfolio same-store NOI growth of 11.8% in the fourth quarter and 14.2% for full-year 2025, marking a second consecutive year of double-digit sa ...