AHR vs. VTR: American Healthcare REIT vs. Ventas Stock Comparison

Company Profile

American Healthcare REIT (AHR) and Ventas (VTR) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but AHR is classified in Diversified REITs while VTR is classified in Health Care REITs.

Ventas (VTR) carries decades of public-market history since May 5, 1997, while American Healthcare REIT (AHR) listed on February 7, 2024 — long-window comparisons have far more historical data on the VTR side.

Both American Healthcare REIT (AHR) and Ventas (VTR) 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

Both American Healthcare REIT (AHR) at 2.33% and Ventas (VTR) at 1.87% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

Neither American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) nor Ventas (VTR) 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 Ventas (VTR) 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

Ventas (VTR) at 18.47% sits in the top revenue growth quartile, while American Healthcare REIT (AHR) at 9.15% is closer to the peer norm — faster top-line expansion for VTR.

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

Growth Metrics

Financial Strength

American Healthcare REIT (AHR) at 1.31 keeps current ratio within its industry’s typical mid-range, while Ventas (VTR) at 0.37 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for VTR.

American Healthcare REIT (AHR) at 0.27 keeps leverage in the lower industry quartile, while Ventas (VTR) at 0.77 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

Both American Healthcare REIT (AHR) at 1.78% and Ventas (VTR) at 2.29% offer bottom-quartile dividend income relative to share price versus industry peers.

An earnings-based payout ratio fits neither American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) nor Ventas (VTR) 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 Ventas (VTR) 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 Ventas (VTR) at 6.96 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

American Healthcare REIT (AHR) at 2.42 is valued about in line with its industry on P/B ratio, while Ventas (VTR) at 2.97 carries an above-peer premium to book — VTR is pricier on assets.

Valuation Metrics