IRVINE, Calif. , Nov. 12, 2024 /PRNewswire/ -- American Healthcare REIT, Inc.
(the "Company," "we," "our," "management," or "us") (NYSE: AHR ) announced today its third quarter 2024 results and updated its full year 2024 guidance, which includes the impact of the Company's recent acquisition to become the sole owner of Trilogy (as defined below). Key Highlights: Reported GAAP net loss of $(3.1) million and GAAP net loss attributable to common stockholders of $(0.
03) per diluted share for the three months ended September 30, 2024 . Reported Normalized Funds from Operations attributable to common stockholders ("NFFO") of $0.36 per diluted share for the three months ended September 30, 2024 .
Achieved total portfolio Same-Store Net Operating Income ("NOI") growth of 17.0% for the three months ended September 30, 2024 compared to the same period in 2023, highlighted by 61.8% and 22.
6% Same-Store NOI growth from its senior housing operating properties ("SHOP") and integrated senior health campuses ("ISHC"), respectively. The Company is increasing total portfolio Same-Store NOI growth guidance from a range of 12.0% to 14.
0% to a revised range of 15.0% to 17.0%, for the year ending December 31, 2024 .
Acquired a senior housing portfolio in Washington for a total consideration of approximately $36.2 million of assumed debt, plus closing costs. The portfolio is now managed by two of the Company's existing SHOP operators.
Completed a follow-on equity offering for approximately 20.0 mil.
