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Held by 490 of 5,944 reporting institutions (97th percentile) — extremely crowded.
Data as of Q1 2026
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Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: 2%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $115M is below the $160M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
5/7 of the 9 checks — 2 couldn't be scored (see above), so the score is out of the 7 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $164M dividends + $0 buybacks = $164M returned.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
No material risks flagged.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 1.6× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 13.6 | 15.9 | 93.0 | 91.7 | 90.7 | 80.5 | 79.9 | 79.4 |
| SG&A | 10.9 | 24.6 | 2.5 | 3.8 | 3.1 | 2.5 | 2.3 | 2.6 |
| Operating Income | — | 183.3 | 20.4 | 19.0 | 21.4 | 16.4 | 17.6 | 18.4 |
| Income Tax | 0.0 | 1.3 | -0.3 | 0.1 | 0.0 | 0.0 | 0.1 | -1.0 |
| Net Income | -9.9 | -4.1 | 0.2 | -4.7 | -5.2 | -4.1 | -1.7 | 3.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AHR: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.26B 100.0% | $2.07B 100.0% | $1.87B 100.0% | $1.41B 100.0% | $1.12B 100.0% | $1.07B 100.0% | $120.8M 100.0% | $84.5M 100.0% | $33.3M 100.0% | $3.2M 100.0% |
| Cost of Revenue | $1.79B 79.4% | $1.65B 79.9% | $1.50B 80.5% | $1.28B 90.7% | $1.03B 91.7% | $993.7M 93.0% | $19.2M 15.9% | $11.5M 13.6% | $7.3M 21.9% | $898K 28.5% |
| Selling, General & Admin | $58.7M 2.6% | $47.6M 2.3% | $47.5M 2.5% | $43.4M 3.1% | $43.2M 3.8% | $27.0M 2.5% | $29.7M 24.6% | $9.2M 10.9% | $4.3M 13.0% | $1.2M 38.7% |
| Total Operating Expenses | $2.10B 92.8% | $1.94B 93.7% | $1.80B 96.2% | $1.56B 110.3% | $1.26B 112.0% | $1.15B 107.8% | $1.14B 946.2% | $86.1M 102.0% | $30.1M 90.4% | $437K 13.8% |
| Operating Income | $415.2M 18.4% | $363.5M 17.6% | $306.8M 16.4% | $302.0M 21.4% | $213.3M 19.0% | $218.3M 20.4% | $221.4M 183.3% | — | — | -$5.0M -157.2% |
| Interest Expense | $85.8M 3.8% | $127.7M 6.2% | $163.2M 8.7% | $106.0M 7.5% | $80.9M 7.2% | $71.3M 6.7% | $78.6M 65.0% | $6.8M 8.0% | $2.7M 8.1% | $514K 16.3% |
| Other Income (Expense), net | -$115.1M -5.1% | -$163.5M -7.9% | -$147.1M -7.9% | -$159.0M -11.3% | -$76.2M -6.8% | -$86.3M -8.1% | -$79.7M -66.0% | — | — | — |
| Pretax Income | $48.6M 2.2% | -$33.9M -1.6% | -$76.2M -4.1% | -$72.8M -5.2% | -$52.3M -4.7% | $5.8M 0.5% | $672K 0.6% | -$8.6M -10.2% | $508K 1.5% | -$5.5M -173.4% |
| Income Tax Expense | -$22.2M -1.0% | $1.7M 0.1% | $663K 0.0% | $586K 0.0% | $956K 0.1% | -$3.1M -0.3% | $1.5M 1.3% | $8K 0.0% | $0 0.0% | $0 0.0% |
| Net Income | $70.8M 3.1% | -$35.6M -1.7% | -$76.9M -4.1% | -$73.4M -5.2% | -$53.3M -4.7% | $2.2M 0.2% | -$5.0M -4.1% | -$8.4M -9.9% | $541K 1.6% | -$5.5M -173.4% |
| Per Share | ||||||||||
| EPS (Basic) | $0.42 | $-0.29 | $-1.08 | $-1.24 | $-0.95 | $0.05 | $-0.03 | — | — | — |
| EPS (Diluted) | $0.42 | $-0.29 | $-1.08 | $-1.24 | $-0.95 | $0.05 | $-0.03 | — | — | — |
| Weighted Avg Shares (Basic) | 166.1M | 130.6M | 66.0M | 65.8M | 50.1M | 45.0M | 181.9M | — | — | — |
| Weighted Avg Shares (Diluted) | 166.8M | 130.6M | 66.0M | 65.8M | 50.1M | 45.0M | 181.9M | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ranked against 240 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WELL | $163.3B | 168.7× | — | 15.1× | 35.6% | 40.1% | 8.9% | 2.3% | 1.6% | — | 1,425 |
| XHG | $130.7B | — | — | 2546.6× | 24.9% | 2.2% | -205% | 85.0% | 88.3% | — | 1 |
| PLD | $124.3B | 37.6× | — | 14.1× | 7.2% | — | 37.9% | 6.3% | 3.8% | — | 1,592 |
| EQIX | $100.8B | 74.6× | 25.7× | 10.9× | 5.4% | 51.1% | 14.6% | 9.5% | 8.7% | 0.3× | 1,229 |
| AMT | $81.9B | 32.5× | 14.1× | 7.7× | 5.1% | — | 24.7% | 72.0% | 37.3% | 0.6× | 1,662 |
| SPG | $66.2B | 14.3× | — | 10.4× | 6.7% | — | 84.3% | 103% | 15.9% | — | 1,242 |
| O | $53.4B | 48.9× | — | 9.3× | 9.1% | — | 18.4% | 2.7% | 2.7% | — | 1,389 |
| PSA | $51.7B | 32.7× | — | 10.7× | 2.7% | — | 37.0% | 19.3% | 9.1% | — | 1,045 |
| VTR | $41.9B | 163.3× | — | 7.2× | 18.5% | — | 4.5% | 2.1% | 1.0% | — | 891 |
| CBRE | $41.2B | 36.2× | — | 1.0× | 13.4% | 18.7% | 2.9% | 13.0% | 7.1% | — | 1,020 |
| IRM | $33.7B | 232.7× | 22.9× | 4.9× | 12.2% | — | 2.2% | -15.5% | 1.0% | 7.5× | 1,043 |
| EXR | $29.4B | 30.3× | 13.7× | 8.7× | 3.7% | 72.8% | 28.8% | 7.3% | 7.3% | — | 722 |
| AVB | $26.6B | 25.6× | 12.2× | 8.7× | 4.4% | — | 34.7% | 9.1% | 5.0% | 3.2× | 715 |
| VICI | $26.2B | 9.4× | — | 6.5× | 4.1% | 99.3% | 69.3% | 10.0% | 6.2% | — | 898 |
| EQR | $25.6B | 23.0× | — | — | — | — | — | 10.1% | 5.8% | — | 681 |
| SBAC | $19.0B | 18.4× | 21.5× | 6.8× | 5.1% | 75.5% | 37.4% | -21.7% | 13.1% | 8.7× | 636 |
| BEKE | $17.6B | 133.3× | 37.9× | 1.3× | 5.6% | 21.4% | 3.2% | 4.5% | 4.5% | — | 197 |
| ESS | $17.5B | 26.0× | 11.5× | 9.3× | 6.4% | 69.9% | 37.2% | 12.7% | 12.7% | — | 582 |
| INVH | $16.6B | 28.3× | — | 6.1× | 4.2% | — | 21.5% | 6.2% | 3.3% | — | 560 |
| JLL | $15.8B | 20.5× | 11.8× | 0.6× | 11.4% | — | 3.0% | 10.6% | 10.4% | 0.1× | 615 |
| WY | $15.7B | 48.5× | 16.8× | 2.3× | -3.1% | 14.8% | 4.7% | 3.4% | 2.2% | 4.5× | 868 |
| KIM | $15.2B | — | 16.3× | 7.1× | 5.1% | — | 27.3% | 5.6% | 3.2% | 5.5× | 633 |
| NLY | $15.1B | 7.3× | — | — | — | — | — | 12.6% | 12.6% | — | 743 |
| HST | $15.1B | 19.9× | — | 2.5× | 7.6% | — | 12.5% | 11.7% | 9.8% | — | 656 |
| LAMR | $14.9B | 25.4× | — | 6.6× | 2.7% | 67.0% | 25.9% | 57.3% | 13.2% | — | 655 |
| AHR | $9.9B | 126.5× | 16.2× | 4.4× | 9.1% | 20.6% | 3.1% | 2.1% | 2.1% | — | 490 |
Peers = companies sharing AHR's sector (Real Estate) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.