Stock fact sheet · data as of
American Healthcare REIT, Inc. (AHR): fair value, margin of safety and Wheel Score
Real Estate · REIT - Healthcare Facilities · United States · Blend
Is AHR undervalued?
American Healthcare REIT, Inc. (AHR) closed at 53.01 on 16 Oct 2026, 155% above the GLS average fair value of 20.81. 9 of the 9 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
There is a wide gap between GLS Growth (3.54) and DCF (38.44). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files AHR under Blend.
Nine valuation models for AHR
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 38.44 | -27% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 16.69 | -69% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 34.08 | -36% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 14.72 | -72% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 3.54 | -93% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 28.90 | -45% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 29.14 | -45% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 14.71 | -72% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 7.08 | -87% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -8.03 | -115% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 63.63 | +20% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
American Healthcare REIT, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability AHR scores 5.6/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are thin or negative - ROIC 1.4%, ROE 2.1%, ROA 1.3% - with debt at 0.51 times equity and a free-cash-flow yield of 2.3%.
The dividend yield is 1.89% at a payout ratio of 148%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Resident Fees and Services 100% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 1.4% |
|---|---|---|---|
| GLS Moat | 5.6 / 10 | ROE | 2.1% |
| Debt / equity | 0.51 | ROA | 1.3% |
| Free-cash-flow yield | 2.3% | Payout ratio | 148% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 58: Fair
A Wheel Score of 58 puts American Healthcare REIT, Inc. in the Fair band - below the 70 the Sunday Scan requires. Value 0/25, Health 11/20, Moat 8/15, Premium 18/20 and Stability 20/20; the weakest part is Value (0/25).
Implied volatility is 33% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (18 of 20 points). Chain open interest is thin - 1,248 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 3.5M shares a day on a market cap of $11.5B, with a beta of 0.80; the Stability part of the Wheel Score gives that 20 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -155% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 8 / 15 | moat 5.6/10 | |
| Premium | 18 / 20 | implied volatility 33% | |
| Stability | 20 / 20 | 3.5M shares/day, $11.5B cap, beta 0.80 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 5 Nov 2026 (after the close), 20 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in REIT - Healthcare Facilities
The 12 companies below are the closest to American Healthcare REIT, Inc. by market cap within the REIT - Healthcare Facilities industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| DOC Healthpeak Properties, Inc. | 18.96 | 10.83 | -75% | 53Fair | $13.1B |
| OHI Omega Healthcare Investors, Inc. | 45.53 | 41.55 | -10% | 61Fair | $13.8B |
| CTRE CareTrust REIT, Inc. | 36.59 | 43.78 | +16% | 80Prime | $8.6B |
| HR Healthcare Realty Trust Incorporated | 17.36 | 12.42 | -40% | 45Weak | $6.0B |
| SBRA Sabra Health Care REIT, Inc. | 19.17 | 18.28 | -5% | 65Good | $4.9B |
| NHI National Health Investors, Inc. | 65.67 | 76.34 | +14% | 63Fair | $3.2B |
| VTR Ventas, Inc. | 84.31 | 44.03 | -91% | 53Fair | $43.2B |
| LTC LTC Properties, Inc. | 43.34 | 41.21 | -5% | 56Fair | $2.3B |
| DHCNL Diversified Healthcare Trust | 18.23 | 3.10 | -489% | 14No options | $1.9B |
| MPT Medical Properties Trust, Inc. | 3.11 | 6.38 | +51% | 45Weak | $1.9B |
| DHCNI Diversified Healthcare Trust, 5.625% Senior Notes due 2042 | 17.24 | 3.10 | -457% | 20No options | $1.8B |
| DHC Diversified Healthcare Trust | 7.61 | 3.10 | -146% | 43Weak | $1.8B |
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Start free See the Sunday ScanQuestions about AHR
Is AHR undervalued right now?
No: at 53.01 the stock trades 155% above the GLS average fair value of 20.81 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of AHR and what does it mean?
AHR scores 58 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for AHR?
20.81 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does American Healthcare REIT, Inc. report earnings next?
The next earnings report is due on 5 Nov 2026 (after the close), 20 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does AHR have listed options, and how liquid are they?
Yes. The nightly snapshot found 108 listed contracts with 1,248 open interest across all expiries and implied volatility of 33% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.