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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and Kimco Realty (KIM). Click either name above to swap in a different company.
American Healthcare REIT, Inc. is the larger business by last-quarter revenue ($564.0M vs $542.5M, roughly 1.0× Kimco Realty). Kimco Realty runs the higher net margin — 27.9% vs 1.9%, a 26.0% gap on every dollar of revenue. On growth, American Healthcare REIT, Inc. posted the faster year-over-year revenue change (13.5% vs 3.2%). Over the past eight quarters, American Healthcare REIT, Inc.'s revenue compounded faster (11.7% CAGR vs 3.8%).
Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...
Kimco Realty Corporation, headquartered in Jericho, New York, is a real estate investment trust that invests in shopping centers.
AHR vs KIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $564.0M | $542.5M |
| Net Profit | $10.8M | $151.2M |
| Gross Margin | 14.8% | — |
| Operating Margin | 19.8% | 36.4% |
| Net Margin | 1.9% | 27.9% |
| Revenue YoY | 13.5% | 3.2% |
| Net Profit YoY | 133.9% | -9.0% |
| EPS (diluted) | $0.07 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $564.0M | $542.5M | ||
| Q3 25 | $532.1M | $535.9M | ||
| Q2 25 | $501.3M | $525.2M | ||
| Q1 25 | $497.2M | $536.6M | ||
| Q4 24 | $496.8M | $525.4M | ||
| Q3 24 | $476.8M | $507.6M | ||
| Q2 24 | $458.0M | $500.2M | ||
| Q1 24 | $452.1M | $503.8M |
| Q4 25 | $10.8M | $151.2M | ||
| Q3 25 | $55.9M | $137.8M | ||
| Q2 25 | $9.9M | $163.0M | ||
| Q1 25 | $-6.8M | $132.8M | ||
| Q4 24 | $-31.8M | $166.0M | ||
| Q3 24 | $-4.1M | $136.0M | ||
| Q2 24 | $2.0M | $119.7M | ||
| Q1 24 | $-3.9M | $-11.0M |
| Q4 25 | 14.8% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 12.5% | — | ||
| Q2 24 | 12.1% | — | ||
| Q1 24 | 10.7% | — |
| Q4 25 | 19.8% | 36.4% | ||
| Q3 25 | 19.9% | 34.9% | ||
| Q2 25 | 20.6% | 39.2% | ||
| Q1 25 | 19.0% | 33.6% | ||
| Q4 24 | 20.0% | 31.7% | ||
| Q3 24 | 19.6% | 33.7% | ||
| Q2 24 | 19.4% | 32.1% | ||
| Q1 24 | 18.2% | 25.9% |
| Q4 25 | 1.9% | 27.9% | ||
| Q3 25 | 10.5% | 25.7% | ||
| Q2 25 | 2.0% | 31.0% | ||
| Q1 25 | -1.4% | 24.8% | ||
| Q4 24 | -6.4% | 31.6% | ||
| Q3 24 | -0.9% | 26.8% | ||
| Q2 24 | 0.4% | 23.9% | ||
| Q1 24 | -0.9% | -2.2% |
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.33 | — | ||
| Q2 25 | $0.06 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.23 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $0.01 | — | ||
| Q1 24 | $-0.04 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $114.8M | $211.6M |
| Total DebtLower is stronger | — | $7.7B |
| Stockholders' EquityBook value | $3.3B | $10.4B |
| Total Assets | $5.4B | $19.7B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.8M | $211.6M | ||
| Q3 25 | $147.4M | $159.3M | ||
| Q2 25 | $133.5M | $226.6M | ||
| Q1 25 | $86.1M | $131.3M | ||
| Q4 24 | $76.7M | $688.6M | ||
| Q3 24 | $67.8M | $789.0M | ||
| Q2 24 | $52.1M | $126.4M | ||
| Q1 24 | $77.0M | $133.4M |
| Q4 25 | — | $7.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.3B | $10.4B | ||
| Q3 25 | $2.7B | $10.5B | ||
| Q2 25 | $2.4B | $10.5B | ||
| Q1 25 | $2.3B | $10.6B | ||
| Q4 24 | $2.3B | $10.7B | ||
| Q3 24 | $2.2B | $10.5B | ||
| Q2 24 | $1.9B | $10.6B | ||
| Q1 24 | $2.0B | $10.6B |
| Q4 25 | $5.4B | $19.7B | ||
| Q3 25 | $4.8B | $19.9B | ||
| Q2 25 | $4.5B | $19.8B | ||
| Q1 25 | $4.5B | $19.7B | ||
| Q4 24 | $4.5B | $20.3B | ||
| Q3 24 | $4.7B | $20.1B | ||
| Q2 24 | $4.6B | $19.5B | ||
| Q1 24 | $4.7B | $19.5B |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $55.2M | $258.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 5.12× | 1.71× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.2M | $258.4M | ||
| Q3 25 | $107.2M | $332.4M | ||
| Q2 25 | $71.5M | $305.4M | ||
| Q1 25 | $60.6M | $223.8M | ||
| Q4 24 | $59.5M | $239.5M | ||
| Q3 24 | $63.1M | $295.9M | ||
| Q2 24 | $59.4M | $294.1M | ||
| Q1 24 | $-6.0M | $176.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $205.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 38.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 5.12× | 1.71× | ||
| Q3 25 | 1.92× | 2.41× | ||
| Q2 25 | 7.21× | 1.87× | ||
| Q1 25 | — | 1.69× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | 30.02× | 2.46× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHR
| Integrated Senior Health Campuses | $467.0M | 83% |
| SHOP | $97.0M | 17% |
KIM
Segment breakdown not available.
