American Healthcare REIT

Leverage and liquidity are solid: net debt to annualized adjusted EBITDA improved to 2.5x at 6/30/26, with roughly 2.6 billion of liquidity including revolver capacity and unsettled forwards; total consolidated indebtedness was about 1.4 billion.

The unsecured revolver was upsized to 800 million and extended to April 1, 2030; the term loan remains 550 million. Q2 2026 10‑Q shows the weighted average rate on the term facility near 4.97% with swaps in place; overall interest expense declined year‑over‑year.

This profile provides resilience through rate cycles and capacity for pipeline execution, though continued equity issuance reduces financial risk while adding dilution.