First Quarter 2024 Supplemental EXHIBIT 99.2

2 FORWARD-LOOKING STATEMENTS Certain statements contained in this supplemental, filed in conjunction with the First Quarter 2024 Earnings Press Release, including statements relating to American Healthcare REIT, Inc.’s (the ”Company”) expectations regarding its portfolio growth, interest expense savings, balance sheet, net income per share, FFO per share, NFFO per share, total portfolio SS NOI growth, segment-level Same-Store NOI growth, occupancy, NOI growth, revenue growth, and margin expansion may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “can,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “possible,” “initiatives,” “focus,” “seek,” “objective,” “goal,” “strategy,” “plan,” “potential,” “potentially,” “preparing,” “projected,” “future,” “long-term,” “once,” “should,” “could,” “would,” “might,” “uncertainty,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date this supplemental. Any such forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which the Company operates and beliefs of, and assumptions made by, the Company's management and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied therein, including, without limitation, risks disclosed in the Company’s periodic reports as filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statements contained in this supplemental. Disclaimers

3 Number of Buildings/ Campuses Beds/Units (1) Leased % (2) Wtd Avg Lease Term (years) Annualized Cash NOI Annualized Cash NOI Integrated Senior Health Campuses (ISHC) 126 12,993 85.6% - 153,344$ 49.4% 203,276$ 56.3% Outpatient Medical (OM) 86 4,396 88.1% 5.2 83,936 27.1% 83,936 23.3% Senior Housing Operating Properties (SHOP) 78 5,175 82.5% - 25,852 8.3% 26,036 7.2% Triple-Net Leased Properties 28 2,599 100.0% 10.9 38,792 12.5% 39,532 10.9% Debt Security Investment - - - - 8,324 2.7% 8,324 2.3% Total 318 6.7 310,248$ 100.0% 361,104$ 100.0% Pro-Rata (3)(4) Consolidated (4) Our Properties (as of 3/31/2024) (1) GLA in thousands is presented for Outpatient Medical, rather than Beds/Units. (2) ISHC and SHOP occupancies are quarter average, while Outpatient Medical and Triple-Net Leased Properties are quarter-end spot occupancy. (3) Represents all properties at Pro-Rata ownership, including ISHC, at 75.4% Pro-Rata share. (4) See reconciliations in the appendix of this presentation. Note: Except as otherwise noted, all data herein is presented on a consolidated basis. (dollars in thousands) ISHC 49.4% SHOP 8.3% Triple-Net Leased Properties 12.5% OM 27.1% Debt Security Investment 2.7% PRO-RATA ANNUALIZED NOI BREAKDOWN

4 Total Portfolio Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Properties 122 123 125 125 126 IL/AL/MC units 4,143 4,170 4,169 4,158 4,194 SNF beds 5,562 5,542 5,586 5,567 5,607 Pro-Rata total beds/units 9,705 9,712 9,755 9,725 9,801 Average occupancy 84.2% 84.8% 86.2% 85.0% 85.6% Revenues (1) 272,903$ 273,721$ 280,840$ 290,397$ 296,553$ Operating expenses 240,426 240,624 246,428 252,273 258,217 Cash NOI (1)(2) 32,477$ 33,097$ 34,412$ 38,124$ 38,336$ Cash NOI margin % 11.9% 12.1% 12.3% 13.1% 12.9% Maintenance Capex 3,471$ 3,977$ 2,814$ 2,429$ 2,294$ Same-Store Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Properties 108 108 108 108 108 Consolidated beds/units 11,018 11,026 11,074 11,127 11,113 Pro-Rata beds/units 8,311 8,318 8,354 8,394 8,383 Average occupancy 84.6% 85.5% 86.5% 85.0% 86.2% 164 bps Same-Store revenues (1)(2) 188,795$ 187,848$ 192,159$ 196,896$ 202,767$ 7.4% Same-Store operating expenses 160,872 159,156 162,339 165,256 169,275 5.2% Compensation 102,969 103,623 106,820 108,361 108,672 5.5% Controllable (3) 51,865 49,690 49,386 50,888 54,615 5.3% Non-Controllable (4) 6,038 5,843 6,133 6,007 5,988 (0.8%) Same-Store NOI (1)(2) 27,923$ 28,692$ 29,820$ 31,640$ 33,492$ 19.9% Same-Store NOI margin % 14.8% 15.3% 15.5% 16.1% 16.5% 173 bps Q1 2024 vs Q1 2023 Integrated Senior Health Campuses (ISHC) (1) Excludes Grant Income. (2) See reconciliations in the appendix of this presentation. (3) Controllable expenses include utilities, food, repairs and maintenance, costs of services, and other operating expenses. (4) Non-Controllable expenses include property taxes and insurance. (dollars in thousands and Pro-Rata)

5 Q1 23 Q1 24 Q1 23 Q1 24 Q1 23 Q1 24 Private 346.44$ 380.22$ 12.0% 12.0% 13.3% 14.0% Managed Care/Ins 403.50 396.64 0.4% 0.5% 0.5% 0.6% Medicaid 257.58 286.22 23.9% 22.9% 19.8% 20.1% Hospice Medicaid 271.47 301.27 3.9% 3.3% 3.4% 3.0% Medicare 640.62 650.13 13.6% 12.1% 28.1% 24.1% Medicare Advantage 532.32 533.76 4.0% 5.7% 7.0% 9.4% Total Skilled Nursing 387.17$ 410.79$ 57.8% 56.5% 72.1% 71.2% Total Senior Housing 175.84$ 186.26$ 42.2% 43.5% 23.9% 24.8% Ancillary revenue 12.49$ 13.20$ 0.0% 0.0% 4.0% 4.0% Total, including ancillary revenue 310.40$ 326.42$ 100.0% 100.0% 100.0% 100.0% Quality Mix 72.2% 73.8% 76.8% 76.8% Average Daily Rate % of Resident Days % of Revenue ISHC Revenue per Payor and Bed Type

6 Total Portfolio Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Properties 101 90 87 85 83 Consolidated GLA (sq ft) 4,963 4,744 4,517 4,448 4,396 Ending occupancy 88.7% 89.7% 89.7% 89.2% 88.1% Revenues 36,971$ 36,294$ 35,163$ 32,971$ 33,724$ Operating expenses 14,102 13,530 13,365 12,070 12,740 Cash NOI (1) 22,869$ 22,764$ 21,798$ 20,901$ 20,984$ Cash NOI margin % 61.9% 62.7% 62.0% 63.4% 62.2% Revenues per square foot 29.80$ 30.60$ 31.14$ 29.65$ 30.69$ Cash NOI per square foot 18.43$ 19.19$ 19.30$ 18.80$ 19.09$ Maintenance Capex 2,719$ 7,153$ 4,518$ 5,121$ 1,721$ Same-Store Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Properties 80 80 80 80 80 Consolidated GLA (sq ft) 4,226 4,227 4,244 4,244 4,244 Ending occupancy 89.6% 89.8% 90.0% 89.2% 88.0% (155 bps) Same-Store revenues (1) 31,839$ 31,926$ 32,428$ 31,524$ 32,303$ 1.5% Same-Store operating expenses 11,969 11,743 12,261 11,567 12,228 2.2% Same-Store NOI (1) 19,870$ 20,183$ 20,167$ 19,957$ 20,075$ 1.0% Same-Store NOI margin % 62.4% 63.2% 62.2% 63.3% 62.1% (26 bps) Same-Store revenue per square foot 30.13$ 30.21$ 30.56$ 29.71$ 30.44$ Same-Store NOI per square foot 18.81$ 19.10$ 19.01$ 18.81$ 18.92$ Q1 2024 vs Q1 2023 Outpatient Medical (1) See reconciliations in the appendix of this presentation. (dollars and square feet in thousands, except revenues per square foot and Cash NOI per square foot, and Pro-Rata)

7 Tenants ABR % S&P Credit Rating Christus Good Shepherd Health System 7,547$ 7.7% A+ Mercy Health 4,550 4.7% A+ Prime Healthcare 4,058 4.2% B- Montefiore Medical Center 2,364 2.4% BBB- Atrius Health, Inc. 2,205 2.3% BBB Remaining Portfolio 76,902 78.7% Total 97,626$ 100.0% Absorption Occupied Square Feet as of December 31, 2023 3,967 Expirations (193) Renewals 135 Square Feet New leases 12 On-Campus/Adjacent 1,923 43.8% Terminations (8) Off-Campus Adjustment/remeasurement 4 Affiliated 1,403 31.9% Dispositions (45) Unaffiliated 1,070 24.3% Occupied Square Feet as of March 31, 2024 3,872 Total 4,396 100.0% % Trailing 12-months Retention 81.5% Outpatient Medical (as of 3/31/2024) (dollars and square feet in thousands)

8 Year # of Expiring Leases Total Sq. Ft.(1) % of GLA ABR (2) % of Total ABR Average Rent per Sq. Ft. 2024 70 347 8.9% 8,001$ 7.2% 23.06$ 2025 81 586 15.0% 15,986 14.4% 27.28 2026 48 218 5.6% 5,068 4.6% 23.25 2027 61 417 10.7% 11,438 10.3% 27.43 2028 59 505 13.0% 14,866 13.4% 29.44 Thereafter 181 1,821 46.8% 55,512 50.1% 30.48 Total 500 3,894 100.0% 110,871$ 100.0% 28.47$ Expiring Leases Outpatient Medical (as of 3/31/2024) (dollars and square feet in thousands) (1) Includes future leases. (2) Amount is based on the total ABR expiring in the applicable year.

9 Total Portfolio Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Properties 50 46 45 51 64 IL/AL/MC units 4,702 4,008 3,929 4,318 5,085 SNF beds 135 135 135 135 90 Consolidated total beds/units 4,837 4,143 4,064 4,453 5,175 Average occupancy 75.7% 76.8% 79.3% 80.4% 82.5% Revenues 46,481$ 47,409$ 43,635$ 48,050$ 58,720$ Operating expenses (1) 41,619 43,491 38,831 41,589 52,257 Cash NOI (1)(2) 4,862$ 3,918$ 4,804$ 6,461$ 6,463$ Cash NOI margin % 10.5% 8.3% 11.0% 13.4% 11.0% RevPOR 4,224$ 4,443$ 4,529$ 4,631$ 4,795$ Maintenance Capex 326$ 839$ 217$ 793$ 789$ Same-Store Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Properties 41 41 41 41 41 Consolidated beds/units 3,726 3,726 3,726 3,725 3,710 Average occupancy 78.6% 79.9% 81.8% 84.3% 85.7% 710 bps Same-Store revenues (2) 38,277$ 38,589$ 38,905$ 40,175$ 42,397$ 10.8% Same-Store operating expenses (1) 32,446 32,687 33,273 34,213 34,610 6.7% Compensation 18,800 18,813 19,219 19,839 19,890 5.8% Controllable (3) 11,032 11,091 11,335 11,761 11,810 7.1% Non-Controllable (4) 2,614 2,783 2,719 2,613 2,910 11.3% Same-Store NOI (1)(2) 5,831$ 5,902$ 5,632$ 5,962$ 7,787$ 33.5% Same-Store NOI margin % 15.2% 15.3% 14.5% 14.8% 18.4% 313 bps RevPOR 4,396$ 4,365$ 4,300$ 4,307$ 4,465$ 1.6% Q1 2024 vs Q1 2023 Senior Housing Operating Properties (SHOP) (1) Excludes COVID subsidies. (2) See reconciliations in the appendix of this presentation. (3) Controllable expenses include utilities, food, repairs and maintenance, and other operating expenses. (4) Non-Controllable expenses include property taxes and insurance. (dollars in thousands, except RevPOR, and Pro-Rata)

10 Partner/Operator State Number of Buildings/Campuses Consolidated Beds/Units Pro-Rata Share Beds/Units Trilogy Management Services (1) KY,IN,MI,OH,WI 128 13,186 9,994 Senior Solutions Management Group AR,MS,TX,LA,MO 19 1,596 1,563 Priority Life Care IN, MI 15 988 988 Compass Senior Living OR 24 856 856 Cogir Senior Living NC,CA,UT 11 671 671 Heritage Senior Living PA,VA 5 651 651 Heritage Communities NE 2 220 220 Total 204 18,168 14,943 ISHC & SHOP Partners (as of 3/31/2024) (1) The Company indirectly owns 75.4% of campuses managed by Trilogy Management Services, except for two in Wisconsin, which are 100% wholly-owned by the Company.

11 Total Portfolio Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Properties 34 34 34 28 28 AL/MC beds/units 928 928 928 538 538 SNF beds 2,061 2,061 2,061 2,061 2,061 Consolidated total beds/units 2,989 2,989 2,989 2,599 2,599 Average operator occupancy (1)(2) 85.8% 86.4% 86.3% 87.4% 91.0% Revenues 11,732$ 11,299$ 11,470$ 10,726$ 10,317$ Debt security investment 1,970 2,045 2,014 2,011 2,081 Operating expenses 788 686 874 602 619 Cash NOI (3) 12,914$ 12,658$ 12,610$ 12,135$ 11,779$ Cash NOI margin % 94.2% 94.9% 93.5% 95.3% 95.0% Same-Store Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Properties 27 27 27 27 27 Consolidated beds/units 2,599 2,599 2,599 2,599 2,599 Average operator occupancy (1) 88.3% 89.1% 89.1% 90.1% 91.0% 267 bps Same-Store revenues (3) 9,450$ 9,482$ 9,671$ 9,709$ 9,859$ 4.3% Same-Store operating expenses 511 492 497 489 534 4.5% Same-Store NOI (3) 8,939$ 8,990$ 9,174$ 9,220$ 9,325$ 4.3% Same-Store NOI margin % 94.6% 94.8% 94.9% 95.0% 94.6% (1 bps) Q1 2024 vs Q1 2023 Triple-Net Leased Properties (dollars in thousands and Pro-Rata) (1) Facilities are 100% triple-net leased, operators' occupancies are one quarter in arrears and hospitals are excluded. (2) Occupancy includes properties that transitioned to SHOP until the transition date. (3) See reconciliations in the appendix of this presentation.

12 Coverage Senior Housing- Leased SNFs Hospital Total Weighted Average Maturity (years) Number of Leases Senior Housing- Leased SNFs Hospital Total Weighted Average Maturity (years) Number of Leases < 0.80x - 0.2% 2.3% 2.5% 12.9 2 - - 2.3% 2.3% 13.2 1 0.80x - 0.89x - - - - - - - - - - - - 0.90x - 0.99x - 2.7% - 2.7% 7.9 1 - - - - - - 1.00x - 1.09x 1.6% - - 1.6% 26.5 1 - - - - - - 1.10x - 1.19x 0.8% - - 0.8% 8.2 1 - - - - - - 1.20x - 1.29x - - - - - - 1.6% 0.2% - 1.8% 24.7 2 1.30x - 1.39x - - - - - - 0.8% 2.7% - 3.5% 8.0 2 1.40x - 1.49x - 2.8% - 2.8% 9.5 1 - - - - - - 1.50x - 1.59x - 1.6% - 1.6% 6.6 1 - - - - - - 1.60x - 1.69x - - - - - - - - - - - - 1.70x - 1.79x - - - - - - - - - - - - 1.80x - 1.89x - - - - - - - 2.8% - 2.8% 9.5 1 1.90x - 1.99x - - - - - - - 1.6% - 1.6% 6.6 1 > 2.00x - - 0.5% 0.5% 9.7 1 - - 0.5% 0.5% 9.7 1 Total 2.4% 7.3% 2.8% 12.5% 10.9 8 2.4% 7.3% 2.8% 12.5% 10.9 8 Segment Rent Coverage (2) 1.06x 1.22x 1.47x 1.25x 1.28x 1.67x 1.67x 1.60x Tenant Occupancy 83.9% 92.8% N/A 91.0% 83.9% 92.8% N/A 91.0% Tenant EBITDAR Coverage Tenant EBITDARM Coverage Contribution to Pro-Rata Cash NOI at each Coverage Stratification for Q1 2024 Triple-Net Leased Properties Rent Payment Coverage Stratification ⁽¹⁾ (1) Represents trailing twelve-month coverage metrics as of December 31, 2023. Percentages are based of consolidated Cash NOI for the three months ended March 31, 2024. (2) Represents combined coverage metrics for all leases within each segment and total portfolio.

13 MED HOP H3DUK SENS F RID Year 2024 8,001$ 7.2% -$ 0.0% -$ 0.0% 8,001$ 4.9% 2025 15,986 14.4% - 0.0% 4,011 100.0% 19,997 12.3% 2026 5,068 4.6% - 0.0% - 0.0% 5,068 3.1% 2027 11,438 10.3% - 0.0% - 0.0% 11,438 7.1% 2028 14,866 13.4% - 0.0% - 0.0% 14,866 9.2% Thereafter 55,512 50.1% 47,184 100.0% - 0.0% 102,696 63.4% Total 110,871$ 100.0% 47,184$ 100.0% 4,011$ 100.0% 162,066$ 100.0% ABR of Expiring Leases (2) as % of Total ABR OM Triple-Net Leased Interest Income (3) Total Revenue and Lease Expiration(1) (as of 3/31/2024) (dollars in thousands) (1) Excludes ISHC and SHOP. (2) Amount is based on the total ABR expiring in the applicable year. Month-to-month leases are included as expirations in 2024. (3) Represents interest income from debt security investment.

14 Period Lines of Credit and Term Loan Mortgage Loans Payable Noncontrolling Interests' Share of Mortgage Loans Payable, Lines of Credit and Term Loan % of Combined Pro-Rata Debt Weighted Average Interest Rate (2) 2024 $ - $ 177,717 $ (35,778) $ 141,939 8.1% 6.88% 2025 210,000 168,275 (64,391) 313,884 18.0% 6.08% 2026 - 158,331 (11,729) 146,602 8.4% 3.04% 2027 550,000 55,125 (12,757) 592,368 33.9% 5.29% 2028 - 105,126 (3,750) 101,376 5.8% 4.38% Thereafter - 590,546 (140,288) 450,257 25.8% 3.64% Total $ 760,000 $ 1,255,120 $ (268,693) $ 1,746,426 100.0% Weighted Interest Rate (1) 5.94% 4.27% 4.96% 4.89% Weighted average maturity (years) 2.4 15.8 17.2 9.7 Percentage of variable-rate debt (2) 1.3% 13.7% 16.7% 7.9% Debt maturing after 2028 has a weighted average maturity date of June 2049 (25 Years). Combined Pro-Rata Debt Debt Maturities and Principal Payments (as of 3/31/2024) (1) Interest rates reflects three in-place swap derivatives for $750 million. One $200 million swap matures on June 5, 2025 with a strike at 4.40%. Two $275 million swaps mature on January 19, 2026 with strike at 4.41% and 3.74%. (2) Excludes variable-rate debt with interest rate swaps in place. (dollars in thousands)

15 Acquisitions Reportable Segment Number of Properties/ Campuses Units/Beds Ownership Percentage Purchase Price Average Cost per Unit/Bed SHOP 14 856 100.0% 94,461$ 110$ Dispositions Reportable Segment Number of Properties/ Campuses Units/Beds /GLA(1) Gross Proceeds SHOP 1 22 4,500$ Outpatient Medical 2 52 11,136$ First Quarter 2024 Real Estate Acquisitions and Dispositions (1) Outpatient Medical represents Square Feet GLA in thousands. (dollars and square feet in thousands)

16 2024 Guidance(1) (1) Company's guidance constitutes forward-looking statements within the meaning of the federal securities laws and is based on a number of assumptions that are subject to change and many of which are outside of the Company's control. Actual results may differ materially from the Company's expectations depending on factors discussed herein and in the Company's filings with the Securities and Exchange Commission. Totals may not add due to rounding. Non-GAAP financial measures and other terms, as used in this supplemental, are also defined and further explained in the appendix. The Company does not provide guidance for the most comparable GAAP financial measures of total revenues and property operating and maintenance expenses. Additionally, a reconciliation of the forward-looking non-GAAP financial measures of Same-Store NOI growth to the comparable GAAP financial measures cannot be provided without unreasonable effort because the Company is unable to reasonably predict certain items contained in the GAAP measures, including non-recurring and infrequent items that are not indicative of the Company's ongoing operations. Such items include, but are not limited to, impairment on depreciated real estate assets, net (gain)/loss on sale of previously depreciated real estate assets, stock-based compensation, casualty loss, non-Same-Store revenues, and non-Same-Store operating expenses. These items are uncertain, depend on various factors, and could have a material impact on the Company's GAAP results for the guidance period. See reconciliations in the appendix of this presentation. (2) Amounts presented are net of noncontrolling interests' share and AHR's share of unconsolidated entities. NAREIT FFO and NFFO Attributable to Common Stockholders Low High Low High Net (loss) income attributable to common stockholders (4.15)$ 3.19$ (0.03)$ 0.03$ Depreciation and amortization (2) 147.26 147.26 1.16 1.16 NAREIT FFO attributable to common stockholders 143.11$ 150.45$ 1.13$ 1.19$ Amortization of other intangible assets/liabities (2) 1.66 1.66 0.01 0.01 Change in deferred rent (2) (0.42) (0.42) (0.00) (0.00) Non-cash impact of changes to equity plan (2) 6.04 6.04 0.05 0.05 Other adjustments (0.80) (0.80) (0.01) (0.01) Normalized FFO attributable to common stockholders 149.58$ 156.92$ 1.18$ 1.24$ Weighted average diluted shares (in millions) 126.6 126.6 FY 2024 FY 2024 - per share Projected FY 2024 Total Portfolio Same-Store NOI Growth Projected FY 2024 Segment-Level Same-Store NOI Growth • 5.0 - 7.0% • ISHC: 8.0% - 10.0% • Outpatient Medical: (0.5)% - 0.0% • SHOP: 25.0% - 30.0% • Triple-Net Leased Properties: 1.0% - 3.0%

17 Segment # of Buildings/ Campuses SQ FT Total Beds/Units Q1 2024 Cash NOI (2) Q1 2024 Ann. Cash NOI (2) ISHC 126 7,033 9,801 38,336$ 153,344$ Outpatient Medical 83 4,243 20,075 80,300 SHOP - Grouped by Avg Occupancy >80% 55 2,890 3,617 8,411 33,644 60%-80% 16 1,007 1,102 194 776 <60% 7 390 423 (1,454) (5,816) Triple-Net Leased Properties (3) 27 1,381 2,599 9,325 37,300 Total 314 16,944 17,542 74,887$ 299,548$ Obligations (Outstanding principal balance as of 3/31/24) AHR Trilogy Total AHR Trilogy Total AHR Trilogy Total Mortgage Debt 406,085$ 849,035$ 1,255,120$ 397,540$ 640,472$ 1,038,012$ 3.87% 4.48% 4.25% Revolving LOC - 210,000 210,000 - 158,414 158,414 7.30% 7.30% Term Loan 550,000 - 550,000 550,000 - 550,000 5.43% 5.43% Total Debt 956,085$ 1,059,035$ 2,015,120$ 947,540$ 798,886$ 1,746,426$ Cash, cash equivalents and restricted cash pertaining to debt (51,200) (72,482) (123,682) (51,039) (54,677) (105,716) Net Debt 904,885$ 986,553$ 1,891,438$ 896,501$ 744,209$ 1,640,710$ Other tangible liabilities, net: Accounts payable & accrued liabilities 89,089 165,748 254,837 88,997 125,033 214,030 Other 21,640 26,949 48,589 21,560 20,329 41,889 Other tangible liabilities, net 110,729 192,697 303,426 110,557 145,362 255,919 Financing - 41,012 41,012 - 30,938 30,938 Lease obligations 16,665 203,102 219,767 16,665 153,211 169,876 Net obligations 1,032,279$ 1,423,364$ 2,455,643$ 1,023,723$ 1,073,720$ 2,097,443$ Other Assets Debt security investment 87,572$ -$ 87,572$ 87,572$ -$ 87,572$ Other tangible assets: Accounts receivable 15,497 200,384 215,881 15,394 151,160 166,554 Capital expenditures 12,255 16,263 28,518 12,252 12,268 24,520 Inventory - 20,741 20,741 - 15,646 15,646 Other 7,721 52,296 60,017 7,708 39,450 47,158 Total other tangible assets 35,473 289,684 325,157 35,354 218,524 253,878 Sold assets/assets expected to be sold 51,443 - 51,443 51,443 - 51,443 Total other assets 174,488$ 289,684$ 464,172$ 174,369$ 218,524$ 392,893$ Common Shares & OP Units Outstanding Total Shares 131,597,967 131,597,967 Total OP units 3,501,976 3,501,976 Total Shares and OP Units 135,099,943 135,099,943 Pro-RataConsolidated Weighted Avg. Rate Pro-Rata Components of NAV(1) (1) Dollars and square feet in thousands. Dollars, square feet and beds/units are based on the Company’s Pro-Rata ownership as of 3/31/2024. (2) Cash NOI is adjusted to exclude nonrecurring items. (3) Excludes interest income from debt security investment. Comments: • As of April 15, 2024, the Company owns 76% of campuses managed by Trilogy Management Services within its ISHC segment.

18 First Quarter 2024 Supplemental Appendix Non-GAAP Reconciliations and Defined Terms

19 Q1 2023 Q1 2024 Net loss (27,615)$ (3,004)$ Depreciation and amortization related to real estate — consolidated properties 44,632 42,729 Depreciation and amortization related to real estate — unconsolidated entities 63 186 Loss (gain) on dispositions of real estate investments, net — consolidated properties 132 (2,263) Net loss (income) attributable to noncontrolling interests 1,743 (888) Gain on re-measurement of previously held equity interest (726) - Depreciation, amortization, impairments, net gain/loss on dispositions and gain on xxxre-measurements - noncontrolling interests (6,538) (5,462) NAREIT FFO attributable to controlling interest 11,691$ 31,298$ Business acquisition expenses 332 2,782 Amortization of above- and below-market leases 8,675 426 Amortization of closing costs — debt security investments 65 76 Change in deferred rent (60) (589) Non-cash impact of changes to equity instruments 1,072 1,935 Capitalized interest (26) (134) Loss on debt extinguishments - 1,280 Loss (gain) in fair value of derivative financial instruments 195 (6,417) Foreign currency (gain) loss (1,008) 426 Adjustments for unconsolidated entities (74) (110) Adjustments for noncontrolling interests (633) 125 Normalized FFO (NFFO) attributable to controlling interest 20,229$ 31,098$ NAREIT FFO per common share 0.18$ 0.30$ NFFO per common share 0.31$ 0.30$ Distributions paid to common stockholders 26,492$ 16,596$ Weighted average common shares outstanding — basic and diluted 66,026,173 104,295,142 QTD FFO / NFFO Reconciliation(1) (dollars in thousands, except per share) (1) Totals may not add due to rounding.

20 Q1 2024 Net loss $ (3,004) Adjustments: Loss from unconsolidated entities 1,205 Interest expense (including amortization of deferred financing costs, debt xxxdiscount/premium and loss on debt extinguishments) 36,438 Income tax expense 278 Depreciation and amortization (including amortization of above/below xxxmarket leases and right-of-use assets and accretion of lease liabilities) 43,784 Straight line rent (1,132) Foreign currency loss 426 Gain in fair value of derivative financial instruments (6,417) EBITDA 71,578 Non-cash stock-based compensation expense 1,935 Business acquisition expenses 2,782 Gain on dispositions of real estate investments, net (2,263) Non-recurring one-time items 212 Adjusted EBITDA $ 74,244 EBITDA Reconciliation (dollars in thousands)

21 Q1 2024 Interest Coverage Ratios Interest Expense $ 36,438 Capitalized Interest 134 Loss on extinguishment of debt (1,280) Non-Cash Interest Expense(2) (3,605) Total Interest $ 31,687 Interest Coverage ratio(3) 2.3X Fixed Charges Coverage Ratios Total Interest $ 31,687 Secured Debt Principal Amortization 5,025 Total Fixed Charges $ 36,712 Fixed Charges Coverage ratio(3) 2.0X Total debt $ 2,015,120 Cash and cash equivalents (77,026) Restricted cash pertaining to debt (46,656) Net debt $ 1,891,438 Net Debt / Annualized Adjusted EBITDA 6.4X Coverage Ratios and Net Debt Reconciliation (1) (1) The details of the Adjusted EBITDA calculation can be found on the previous page. (2) Non-cash interest expense includes amortization of loan fees and above and below-market debt. (3) Interest Coverage ratio calculated as period Annualized Adjusted EBITDA divided by Total Interest. Fixed Charges Coverage ratio calculated as period Annualized Adjusted EBITDA divided by Total Fixed Charges. (dollars in thousands)

22 For the Quarter Ended 3/31/2024 Integrated Senior Health Campuses Outpatient Medical SHOP Triple-Net Leased Properties Total properties/campuses 126 83 64 28 Recent acquisition/development conversions (1) - (15) - Non-Core Properties (4) (3) - (1) Transitions (1) - - (8) - Other (2) (13) - - - Same-Store properties 108 80 41 27 Same-Store Property Reconciliation (1) Includes two SNFs in Central Wisconsin that transitioned from Triple-Net Leased Properties segment to SHOP on March 1, 2023 and six Michigan properties that transitioned from the Triple-Net Leased Properties segment to SHOP on November 1, 2023. (2) ISHC includes seven expansions and six campuses under development.

23 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Net loss (27,615)$ (11,867)$ (6,446)$ (30,959)$ (3,004)$ General and administrative 13,053 11,774 11,342 11,341 11,828 Business acquisition expenses 332 888 1,024 3,551 2,782 Depreciation and amortization 44,670 44,701 49,273 43,960 42,767 Interest expense 39,011 40,990 42,005 41,185 36,438 Loss (gain) in fair value of derivative financial instruments 195 (4,993) (3,402) 9,126 (6,417) Loss (gain) on dispositions of real estate investments, net 132 2,072 (31,981) (2,695) (2,263) Impairment of real estate investments - - 12,510 1,389 - Impairment of intangible assets and goodwill - - - 10,520 - Loss from unconsolidated entities 306 113 505 794 1,205 Gain on re-measurement of previously held equity interest (726) - - - - Foreign currency (gain) loss (1,008) (1,068) 1,704 (1,935) 426 Other income (1,608) (2,589) (1,755) (1,649) (1,863) Income tax expense (benefit) 143 348 284 (112) 278 Total NOI 66,885$ 80,369$ 75,063$ 84,516$ 82,177$ Grant Income - (6,381) (1,064) (30) - Total NOI (excluding Grant Income) 66,885$ 73,988$ 73,999$ 84,486$ 82,177$ Straight line rent (1,090) (993) (814) (584) (1,132) Facility rental expense 9,645 9,717 8,889 8,774 8,840 Other non-cash adjustments 8,614 718 3,011 (2,397) 391 COVID subsidy (143) - (28) - - Consolidated Cash NOI 83,911$ 83,430$ 85,057$ 90,279$ 90,276$ Cash NOI attributable to noncontrolling interest (1) (10,789) (10,993) (11,433) (12,658) (12,714) Pro-Rata Cash NOI 73,122$ 72,437$ 73,624$ 77,621$ 77,562$ Cash NOI Reconciliation (1) All quarters are based upon ownership percentage as of the most recent quarter end. (dollars in thousands)

24 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Integrated Senior Health Campuses NOI (excluding Grant Income) 33,409$ 34,160$ 36,728$ 41,766$ 41,980$ Facility rental expense 9,645 9,717 8,889 8,774 8,840 Cash NOI attributable to noncontrolling interest (1) (10,577) (10,780) (11,205) (12,416) (12,484) Cash NOI 32,477$ 33,097$ 34,412$ 38,124$ 38,336$ New acquisitions/dispositions/transitions (4,554) (4,405) (4,592) (5,406) (4,844) Other normalizing adjustments - - - (1,078) - Same-Store NOI 27,923$ 28,692$ 29,820$ 31,640$ 33,492$ Outpatient Medical NOI (excluding Grant Income) 23,075$ 22,713$ 21,998$ 23,825$ 20,978$ Straight line rent (393) (327) (309) (291) (158) Other non-cash adjustments 187 378 109 (2,633) 164 Cash NOI 22,869$ 22,764$ 21,798$ 20,901$ 20,984$ New acquisitions/dispositions/transitions (2,247) (1,794) (812) (116) (75) Non-Core Properties (752) (787) (819) (828) (834) Same-Store NOI 19,870$ 20,183$ 20,167$ 19,957$ 20,075$ SHOP NOI (excluding Grant Income) 5,075$ 3,913$ 4,875$ 6,506$ 6,509$ Other non-cash adjustments (40) 35 (1) 11 - COVID subsidies (143) - (28) - - Cash NOI attributable to noncontrolling interest (1) (30) (30) (42) (56) (46) Cash NOI 4,862$ 3,918$ 4,804$ 6,461$ 6,463$ New acquisitions/dispositions/transitions 557 1,480 447 (1,010) 784 Development conversion 412 418 381 340 540 Other normalizing adjustments - 86 - 171 - Same-Store NOI 5,831$ 5,902$ 5,632$ 5,962$ 7,787$ Same-Store NOI Reconciliation (1/2) (dollars in thousands) (1) All quarters are based upon ownership percentage as of the most recent quarter end.

25 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Triple-Net Leased Properties NOI (excluding Grant Income) 5,326$ 13,202$ 10,398$ 12,389$ 12,710$ Straight line rent (697) (666) (505) (293) (974) Other non-cash adjustments 8,467 305 2,903 225 227 Cash NOI attributable to noncontrolling interest (1) (182) (183) (186) (186) (184) Cash NOI 12,914$ 12,658$ 12,610$ 12,135$ 11,779$ Debt security investment (1,970) (2,045) (2,014) (2,011) (2,081) New acquisitions/dispositions/transitions (1,653) (1,271) (1,072) (545) - Non-Core Properties (352) (352) (350) (359) (373) Same-Store NOI 8,939$ 8,990$ 9,174$ 9,220$ 9,325$ Total NOI (excluding Grant Income) 66,885$ 73,988$ 73,999$ 84,486$ 82,177$ Straight line rent (1,090) (993) (814) (584) (1,132) Facility rental expense 9,645 9,717 8,889 8,774 8,840 Other non-cash adjustments 8,614 718 3,011 (2,397) 391 COVID subsidies (143) - (28) - - Cash NOI attributable to noncontrolling interest (1) (10,789) (10,993) (11,433) (12,658) (12,714) Cash NOI 73,122$ 72,437$ 73,624$ 77,621$ 77,562$ Debt security investment (1,970) (2,045) (2,014) (2,011) (2,081) New acquisitions/dispositions/transitions (7,897) (5,990) (6,029) (7,077) (4,135) Development conversion 412 418 381 340 540 Non-Core Properties (1,104) (1,139) (1,169) (1,187) (1,207) Other normalizing adjustments - 86 - (907) - Same-Store NOI 62,563$ 63,767$ 64,793$ 66,779$ 70,679$ Same-Store NOI Reconciliation (2/2) (dollars in thousands) (1) All quarters are based upon ownership percentage as of the most recent quarter end.

26 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Integrated Senior Health Campuses GAAP revenue and Grant Income 361,770$ 369,237$ 373,355$ 384,993$ 393,122$ Grant Income - (6,381) (1,064) (30) - Cash revenue attributable to noncontrolling interest (1) (88,867) (89,135) (91,451) (94,566) (96,569) Cash revenue 272,903$ 273,721$ 280,840$ 290,397$ 296,553$ Revenue attributable to non-Same-Store properties (84,108) (85,873) (88,681) (93,501) (93,786) Same-Store revenue 188,795$ 187,848$ 192,159$ 196,896$ 202,767$ Outpatient Medical GAAP revenue 37,483$ 36,640$ 35,688$ 36,257$ 34,067$ Straight line rent (393) (327) (309) (291) (158) Other non-cash adjustments (119) (19) (216) (2,995) (185) Cash revenue 36,971$ 36,294$ 35,163$ 32,971$ 33,724$ Revenue attributable to non-Same-Store properties (3,983) (3,182) (1,542) (256) (155) Revenue attributable to Non-Core Properties (1,149) (1,186) (1,193) (1,191) (1,266) Same-Store revenue 31,839$ 31,926$ 32,428$ 31,524$ 32,303$ SHOP GAAP revenue 46,860$ 47,766$ 43,915$ 48,321$ 58,996$ Cash revenue attributable to noncontrolling interest (1) (379) (357) (280) (271) (276) Cash revenue 46,481$ 47,409$ 43,635$ 48,050$ 58,720$ Revenue attributable to non-Same-Store properties (7,613) (8,342) (4,531) (7,692) (16,053) Revenue attributable to development conversion (591) (478) (199) (183) (270) Same-Store revenue 38,277$ 38,589$ 38,905$ 40,175$ 42,397$ Same-Store Revenue Reconciliation (1/2) (dollars in thousands) (1) All quarters are based upon ownership percentage as of the most recent quarter end.

27 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Triple-Net Leased Properties GAAP revenue 6,113$ 13,928$ 11,282$ 13,010$ 13,348$ Straight line rent (697) (666) (505) (293) (974) Other non-cash adjustments 8,468 266 2,893 206 210 Cash revenue attributable to noncontrolling interest (1) (182) (184) (186) (186) (186) Cash revenue 13,702$ 13,344$ 13,484$ 12,737$ 12,398$ Debt security investment (1,970) (2,045) (2,014) (2,011) (2,081) Revenue attributable to non-Same-Store properties (1,805) (1,369) (1,367) (572) - Revenue attributable to Non-Core Properties (477) (448) (432) (445) (458) Same-Store revenue 9,450$ 9,482$ 9,671$ 9,709$ 9,859$ Total GAAP revenue and Grant Income 452,226$ 467,571$ 464,240$ 482,581$ 499,533$ Straight line rent (1,090) (993) (814) (584) (1,132) Other non-cash adjustments 8,349 247 2,677 (2,789) 25 Grant Income - (6,381) (1,064) (30) - Cash revenue attributable to noncontrolling interest (1) (89,428) (89,676) (91,917) (95,023) (97,031) Cash revenue 370,057$ 370,768$ 373,122$ 384,155$ 401,395$ Debt security investment (1,970) (2,045) (2,014) (2,011) (2,081) Revenue attributable to non-Same-Store properties (97,509) (98,766) (96,121) (102,021) (109,994) Revenue attributable to development conversion (591) (478) (199) (183) (270) Revenue attributable to Non-Core Properties (1,626) (1,634) (1,625) (1,636) (1,724) Same-Store revenue 268,361$ 267,845$ 273,163$ 278,304$ 287,326$ Same-Store Revenue Reconciliation (2/2) (dollars in thousands) (1) All quarters are based upon ownership percentage as of the most recent quarter end.

28 • Adjusted EBITDA: EBITDA excluding the impact of stock-based compensation expense, acquisition and pursuit costs, gain (loss) on sales of real estate, unrealized foreign currency gain (loss), change in fair value of financial instruments, impairment of real estate assets, lease termination revenue, non-recurring items, and adjusted for non-controlling interest. • Affiliated: An OM (as defined on the next page) that, as of a specified date, has 25.0% or more of its square footage occupied by at least one healthcare system. • AL: Assisted living units. • Annualized Adjusted EBITDA: Current period (shown as quarterly) EBITDA multiplied by 4. • Annualized Base Rent or ABR: Contractual base rent for the last month of the applicable period multiplied by 12. • Cash NOI: NOI excluding the impact of, without duplication, (1) non-cash items such as straight-line rent and the amortization of lease intangibles, (2) third-party facility rent payments and (3) other items set forth in the Cash NOI reconciliation included herein. Both Cash NOI and Same-Store NOI include ownership and other adjustments. • EBITDA: A non-GAAP financial measure that is defined as earnings before interest, taxes, depreciation and amortization. • EBITDAR: Earnings before interest, taxes, depreciation, amortization and facilities rent. We use unaudited, periodic financial information provided solely by tenants to calculate EBITDAR and have not independently verified the information. • EBITDAR Coverage: The ratio of EBITDAR to contractual rent for leases or interest and principal payments for loans. EBITDAR Coverage is a measure of a property’s ability to generate sufficient cash flows for the operator/borrower to pay rent and meet other obligations. • EBITDARM: Earnings before interest, taxes, depreciation, amortization, rent and management fees. We use unaudited, periodic financial information provided solely by tenants to calculate EBITDARM and have not independently verified the information. • EBITDARM Coverage: The ratio of EBITDARM to contractual rent for leases or interest and principal payments for loans. EBITDARM Coverage is a measure of a property’s ability to generate sufficient cash flows for the operator or borrower to pay rent and meet other obligations, assuming that management fees are not paid. • GAAP revenue: Revenue recognized in accordance with Generally Accepted Accounting Principles (“GAAP”), which includes straight line rent and other non-cash adjustments. • GLA: Gross leasable area. • Grant Income: Stimulus funds granted to us through various federal and state government programs, such as the CARES Act, established for eligible healthcare providers to preserve liquidity in response to lost revenues and/or increased healthcare expenses associated with the COVID-19 pandemic; such grants are not loans and, as such, are not required to be repaid, subject to certain conditions. • Hospital: Hospital properties typically will include acute care, long-term acute care, specialty and rehabilitation hospitals and generally will be leased to single tenants or operators under triple-net lease structures. • IL: Independent living units. • Integrated senior health campuses or ISHC: Integrated senior health campuses include a range of senior care, including independent living, assisted living, memory care, skilled nursing services and certain ancillary businesses. Integrated senior health campuses are predominantly operated utilizing a RIDEA structure. • Maintenance Capex: AHR-invested capital expenditures, whether routine or non-routine (including second generation tenant incentives and leasing commissions), that extend the useful life of a property but are not expected to generate incremental income for the Company. • MC: Memory-care units. • NAREIT FFO or FFO: Funds from operations attributable to controlling interest; a non-GAAP financial measure, consistent with the standards established by the White Paper on FFO approved by the Board of Governors of NAREIT (the “White Paper”). The White Paper defines FFO as net income (loss) computed in accordance with GAAP, excluding gains or losses from sales of certain real estate assets, gains or losses upon consolidation of a previously held equity interest, and impairment write-downs of certain real estate assets and investments, plus depreciation and amortization related to real estate, after adjustments for unconsolidated partnerships and joint ventures. While impairment charges are excluded from the calculation of FFO as described above, investors are cautioned that impairments are based on estimated future undiscounted cash flows. Adjustments for unconsolidated partnerships and joint ventures are calculated to reflect FFO. Defined Terms

29 • NAV: Net asset value. • Net Debt: Total long-term debt, excluding operating lease liabilities, less cash and cash equivalents and restricted cash pertaining to debt. • NOI: Net operating income; a non-GAAP financial measure that is defined as net income (loss), computed in accordance with GAAP, generated from properties before general and administrative expenses, business acquisition expenses, depreciation and amortization, interest expense, gain or loss on dispositions, impairment of real estate investments, impairment of goodwill, income or loss from unconsolidated entities, gain on re-measurement of previously held equity interest, foreign currency gain or loss, other income and income tax benefit or expense. • Non-Core Properties: Assets that have been deemed not essential to generating future economic benefit or value to our day-to-day operations and/or are scheduled to be sold. • Normalized FFO attributable to controlling interest or NFFO: FFO further adjusted for the following items included in the determination of GAAP net income (loss): expensed acquisition fees and costs, which we refer to as business acquisition expenses; amounts relating to changes in deferred rent and amortization of above and below-market leases (which are adjusted in order to reflect such payments from a GAAP accrual basis); the non-cash impact of changes to our equity instruments; non- cash or non-recurring income or expense; the noncash effect of income tax benefits or expenses; capitalized interest; impairment of goodwill; amortization of closing costs on debt investments; mark-to-market adjustments included in net income (loss); gains or losses included in net income (loss) from the extinguishment or sale of debt, hedges, foreign exchange, derivatives or securities holdings where trading of such holdings is not a fundamental attribute of the business plan; after adjustments for consolidated and unconsolidated partnerships and joint ventures, with such adjustments calculated to reflect Normalized FFO on the same basis. • Occupancy: With respect to OM, the percentage of total rentable square feet leased and occupied, including month-to-month leases, as of the date reported. With respect to all other property types, occupancy represents average quarterly operating occupancy based on the most recent quarter of available data. The Company uses unaudited, periodic financial information provided solely by tenants to calculate occupancy and has not independently verified the information. Occupancy metrics are reflected at our Pro-Rata share. • OM: Outpatient Medical buildings. • OP unit: Units of limited partnership interest in the Operating Partnership, which are redeemable for cash or, at our election, shares of our common stock on a one-for- one basis, subject to certain adjustments. • Operating Partnership: American Healthcare REIT Holdings, LP, a Delaware limited partnership, through which we conduct substantially all of our business and of which Continental Merger Sub, LLC, a Delaware limited liability company and our wholly-owned subsidiary, is the sole general partner. • Pro-Rata: As of March 31, 2024, we owned and/or operated our 126 integrated senior health campuses through entities of which we owned 75.4% of the ownership interests and eight other buildings through entities of which we owned 90.0% to 98.0% of the ownership interests. Because we have a controlling interest in these entities, these entities and the properties these entities own are consolidated in our financial statements in accordance with GAAP. However, while such properties are presented in our financial statements on a consolidated basis, we are only entitled to our Pro-Rata share of the net cash flows generated by such properties. As a result, we have presented certain property information herein based on our Pro-Rata ownership interest in these entities and the properties these entities own, as of the applicable date, and not on a consolidated basis. In such instances, information is noted as being presented on a “Pro-Rata share” basis. • Quality Mix: Total number of Medicare, Managed Care, Medicare Advantage and private days of revenue divided by the total number of actual patient days or total revenue for all payor types within Skilled Nursing and Senior Housing beds in the ISHC segment. • Retention: The ratio of total renewed square feet and month-to-month leases retained to the total square feet expiring, excluding the square feet for tenant leases terminated and leases in assets expected to be sold for the trailing 12-months. • RevPOR: Revenue per occupied room. RevPOR is calculated as total revenue generated by occupied rooms divided by the number of occupied rooms. • RIDEA: Used to describe properties within the portfolio that utilize the RIDEA structure as described in “RIDEA structure”. Defined Terms

30 • RIDEA structure: A structure permitted by the REIT Investment Diversification and Empowerment Act of 2007, pursuant to which we lease certain healthcare real estate properties to a wholly-owned taxable REIT subsidiary (TRS), which in turn contracts with an eligible independent contractor (EIK) to operate such properties for a fee. Under this structure, the EIK receives management fees, and the TRS receives revenue from the operation of the healthcare real estate properties and retains, as profit, any revenue remaining after payment of expenses (including intercompany rent paid to us and any taxes at the TRS level) necessary to operate the property. Through the RIDEA structure, in addition to receiving rental revenue from the TRS, we retain any after-tax profit from the operation of the healthcare real estate properties and benefit from any improved operational performance while bearing the risk of any decline in operating performance at the properties. • Same-Store or SS: Properties owned and consolidated the full period in both comparison periods and that are not otherwise excluded. Properties are excluded from Same-Store if they are: (1) sold, classified as held for sale or properties whose operations were classified as discontinued operations in accordance with GAAP; (2) impacted by materially disruptive events, such as flood or fire for an extensive period of time; or (3) scheduled to undergo or currently undergoing major expansions/renovations or business model transitions or have transitioned business models after the start of the prior comparison period. • Same-Store NOI or SS NOI: Cash NOI for our Same-Store properties. Same-Store NOI is used to evaluate the operating performance of our properties using a consistent population which controls for changes in the composition of our portfolio. Both Cash NOI and Same-Store NOI include ownership and other adjustments. • Senior Housing-Leased: Senior housing facilities cater to different segments of the elderly population based upon their personal needs and include assisted living, memory care and independent living. Residents of assisted living facilities typically require limited medical care and need assistance with eating, bathing, dressing and/or medication management, and those services can be provided by staff at the facility. Resident programs offered at such facilities may include transportation, social activities and exercise and fitness programs. Our Senior Housing-Leased properties are triple-net leased. • SHOP: Senior housing operating properties. • SNFs: Skilled nursing facilities. • Square Feet or Sq. Ft.: Net rentable square feet calculated utilizing Building Owners and Managers Association measurement standards. • Total Debt: The principal balances of the Company’s revolving credit facility, term loans and secured indebtedness as reported in the Company’s consolidated financial statements. • Trilogy: Trilogy Investors, LLC; one of our consolidated joint ventures, in which we indirectly owned a 75.4% interest as of March 31, 2024. • Triple-net leased: A lease where the tenant is responsible for making rent payments, maintaining the leased property and paying property taxes and other expenses. Defined Terms