AHR Reports $1.69B Senior Housing Investment, Trilogy Occupancy Gains
American Healthcare REIT (NYSE: AHR) executives reported third-quarter results highlighting its Trilogy nursing home portfolio, with occupancy rising to 90.2%, up 30 basis points sequentially, and same-store NOI up 15.7% year over year. Executives credited strong Medicare Advantage relationships and expense controls, noting higher-quality payer sources now account for 75.7% of same-store resident days. The company closed roughly $1.69 billion in new senior housing investments during the quarter, bringing year-to-date completed investments to $2.1 billion, and plans continued expansion with existing and new operating partners. Executives also said a divided Congress following the midterm elections makes regulatory and reimbursement status quo the most likely outcome for the skilled nursing industry.