American Healthcare REIT, Inc. — Earnings Quality Grade F
AHR · Real Estate
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 33 days, change -4 days YoY
AR growth -3.2% vs revenue growth 9.1%
Revenue 9.1%, CFFO 67.2%. Cash follows revenue
Expense Quality
Inventory -3.3% vs COGS 8.4%. Normal
CapEx growth 39.8% is >2x revenue growth 9.1%
SG&A/Gross Profit = 23.6%, excellent (<30%)
Gross margin 20.6%, change +0.5pp. Stable
Cash Flow Quality
CFFO/NI = 4.22. Profits backed by cash
FCF $0.2B, FCF/NI = 2.38
Accruals ratio = -4.1%. Low accruals
Cash $0.1B covers only 7% of debt $1.7B
Balance Sheet Health
Goodwill+Intangibles $0.5B = 15% of equity. Manageable
Debt/EBITDA = 4.7x (>4x). Interest coverage = 2.0x (<2x). Financial stress
Other assets grew 37.8% vs revenue 9.1%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 23% YoY. Normal
Manipulation Score
M-Score = -2.64 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score — Not Applicable
American Healthcare REIT, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25