American Healthcare REIT, Inc. (AHR) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 28, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 38.82% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
190M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

AHR currently has 188M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 38.82% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 28, 2026

8-K filing: The company entered into an additional forward sale agreement for 2,100,000 shares of common stock following the full exercise of the underwriter's option.

190M 0
May 22, 2026

8-K filing: The company completed a public offering of 14,000,000 shares of common stock on a forward basis via an underwriting agreement and a forward sale agreement.

190M 0
May 08, 2026

10-Q filing | 188.0M shares outstanding

190M 0
Nov 24, 2025

8-K filing: On November 24, 2025, the company closed a public offering of 8,100,000 shares of its common stock.

170M 0
Nov 07, 2025

10-Q filing | 169.8M shares outstanding

170M 0
Aug 08, 2025

10-Q filing | 161.1M shares outstanding

160M 0
May 09, 2025

10-Q filing | 156.9M shares outstanding

160M 0
Feb 28, 2025

10-K filing | 157.6M shares outstanding

160M 0
Nov 13, 2024

10-Q filing | 153.1M shares outstanding

150M 0
Sep 20, 2024

8-K filing: The company closed a public offering of 20,010,000 shares of common stock and exercised an option to purchase the remaining 24% minority membership interest in Trilogy REIT Holdings, LLC for $258.0 million.

130M 0
Aug 09, 2024

10-Q filing | 130.7M shares outstanding

130M 0
May 14, 2024

10-Q filing | 65.4M shares outstanding

65M 0
Mar 22, 2024

10-K filing | 66.0M shares outstanding

66M 0
Feb 12, 2024

8-K filing: American Healthcare REIT closed a public offering of 64,400,000 shares of common stock and amended its articles of incorporation to prohibit unilateral election to be subject to the Maryland Unsolicited Takeovers Act.

20M 0
Nov 13, 2023

10-Q filing | 19.6M shares outstanding

20M 0
Nov 07, 2023

8-K filing: American Healthcare REIT, Inc. entered into a Membership Interest Purchase Agreement with NorthStar Healthcare Income Operating Partnership, LP for the option to purchase all of the minority membership interest held by Seller in Trilogy REIT Holdings, LLC. ($234.0M proceeds)

20M 0
Aug 14, 2023

10-Q filing | 19.6M shares outstanding

20M 0
May 15, 2023

10-Q filing | 19.5M shares outstanding

20M 0
Mar 17, 2023

10-K filing | 19.5M shares outstanding

20M 0
Nov 15, 2022
Stock Split

8-K filing: Stock split 1-for-4 | Outstanding: 78,140,362 → 19,535,090

20M 0
Nov 14, 2022

10-Q filing | 78.1M shares outstanding

78M 0
Aug 15, 2022

10-Q filing | 77.9M shares outstanding

78M 0
May 16, 2022

10-Q filing | 77.7M shares outstanding

78M 0
Mar 25, 2022

10-K filing | 77.5M shares outstanding

78M 0
Nov 15, 2021

10-Q filing | 77.0M shares outstanding

77M 0
Aug 13, 2021

10-Q filing | 76.1M shares outstanding

76M 0
May 14, 2021

10-Q filing | 76.1M shares outstanding

76M 0
Mar 26, 2021

10-K filing | 76.0M shares outstanding

76M 0
Nov 13, 2020

10-Q filing | 75.6M shares outstanding

76M 0
Aug 13, 2020

10-Q filing | 5.6M shares outstanding

5.6M 0
May 14, 2020

10-Q filing | 5.6M shares outstanding

5.6M 0
Mar 19, 2020

10-K filing | 5.7M shares outstanding

5.7M 0
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