AHR vs. CPT: American Healthcare REIT vs. Camden Property Trust Stock Comparison

Company Profile

American Healthcare REIT (AHR) and Camden Property Trust (CPT) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but AHR is classified in Diversified REITs while CPT is classified in Residential REITs.

Camden Property Trust (CPT) carries decades of public-market history since July 22, 1993, while American Healthcare REIT (AHR) listed on February 7, 2024 — long-window comparisons have far more historical data on the CPT side.

Both American Healthcare REIT (AHR) and Camden Property Trust (CPT) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Camden Property Trust (CPT) at 24.45% clears its industry range for ROE, a sharper capital-efficiency signal than American Healthcare REIT (AHR) at 2.33%, which is closer to a typical peer reading.

Neither American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) nor Camden Property Trust (CPT) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Neither side reports a meaningful operating margin: for American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) and Camden Property Trust (CPT) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Both American Healthcare REIT (AHR) at 9.15% and Camden Property Trust (CPT) at 1.92% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

EPS growth isn't a meaningful figure for either American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) or Camden Property Trust (CPT) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

Both American Healthcare REIT (AHR) at 1.31 and Camden Property Trust (CPT) at 0.65 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

American Healthcare REIT (AHR) at 0.27 keeps leverage in the lower industry quartile, while Camden Property Trust (CPT) at 0.91 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

Camden Property Trust (CPT) at 4.08% pays a yield in its industry’s typical range, while American Healthcare REIT (AHR) at 1.78% falls in the bottom quartile of its peers.

An earnings-based payout ratio fits neither American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) nor Camden Property Trust (CPT) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Valuation

P/E ratio is not a meaningful valuation yardstick for either American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) or Camden Property Trust (CPT) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

On P/S ratio, both American Healthcare REIT (AHR) at 5.01 and Camden Property Trust (CPT) at 6.44 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

On P/B ratio, both American Healthcare REIT (AHR) at 2.42 and Camden Property Trust (CPT) at 2.23 are valued close to their industries’ norm against book — neither stands out from peers.

Valuation Metrics