American Healthcare REIT (AHR) reported Q3 normalized funds from operations late Tuesday of $0.36 per diluted share, up from $0.35 a year earlier.
Analysts polled by Capital IQ expected an adjusted FFO of $0.25 per share.
Total revenue and grant income for the quarter ended Sept. 30 was $523.8 million, up from $464.2 million a year earlier. Analysts surveyed by Capital IQ expected $468.6 million.
The company raised full-year 2024 normalized FFO guidance to a range of $1.40 to $1.43 from its prior outlook of $1.23 to $1.27. Analysts polled by Capital IQ expect an adjusted FFO of $1.07.
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