American Healthcare REIT Successfully Prices Public Common Stock Offering Worth Estimated $388.8 Million

American Healthcare REIT Public Offering Announcement

On November 20, 2025, American Healthcare REIT, Inc. (ticker: AHR) disclosed that it has successfully priced its underwritten public offering of common stock. This offering includes a total of 8,100,000 shares, which are part of a previously scheduled forward sale agreement. The transaction is expected to raise about $388.8 million in gross proceeds before accounting for estimated expenses related to the offering.

The offering is set to close on November 24, 2025, pending routine closing conditions. RBC Capital Markets has taken the role of underwriter for this significant financial move, highlighting their ongoing partnership with the company. Additionally, this arrangement includes an option for the underwriter to purchase up to an additional 1,215,000 shares within a 30-day window, allowing for potential adjustments based on market conditions and investor demand.

Under the stipulations of the forward sale agreement, RBC Capital Markets will either borrow from third parties or sell the aggregate of 8.1 million shares to investors under the existing market framework. If the overallotment option is fully exercised, the total number of shares involved could potentially be increased to 9,315,000. This flexibility showcases the company’s strategic planning and readiness to take advantage of favorable market conditions.

However, there's a safety net in place: should the forward purchaser be unable to secure the necessary shares due to high borrowing costs or failure to meet specified conditions, the company is prepared to issue shares directly to the underwriter to meet the obligations of the forward sale agreement. This mechanism is crucial to safeguarding both parties' interests and securing the transaction's completion.

Upon successful settlement, the Company intends to hand over shares corresponding to the number of common stock that the forward purchaser will sell upon final settlement of the forward sale agreement. They are envisioning the physical settlement process to be finalized approximately within 18 months from the offering's initiation.

Despite the influx of funds anticipated from this public offering, it's essential to note that American Healthcare REIT will not directly benefit financially from the forward purchaser's sale of the shares. Instead, the net proceeds generated will be directed to the company’s operating partnership in exchange for Operating Partnership units, which the company will then utilize for a variety of corporate purposes, potentially including future investment opportunities.

All shares included in this offering are made available under the Company’s effective shelf registration statement as filed with the Securities and Exchange Commission (SEC). Interested parties can anticipate a final prospectus supplement and accompanying documentation that will elaborate on this offering, which will soon be accessible through SEC’s EDGAR database or through RBC Capital Markets directly.

American Healthcare REIT, Inc. is notable for being a real estate investment trust (REIT) committed to expanding its portfolio in clinical healthcare focus areas, including senior housing communities, skilled nursing facilities, and outpatient medical buildings, primarily positioned across the U.S., the U.K., and the Isle of Man. The current offering represents a critical step in supporting the organization’s growth and sustainability within the healthcare real estate market.

With this public offering, American Healthcare REIT is poised to enhance its operational capabilities and support the growing demand for healthcare infrastructure, setting the stage for a strong future amidst fluctuating market conditions. The company's initiatives indicate a forward-thinking approach focused on improving capital structures and positioning itself favorably in the competitive healthcare landscape.

For more information regarding the specifics of the upcoming offering and the company’s objectives, interested investors and parties can reach out directly to their investor relations or visit their website for the latest updates and data on their operations and market position.