How did AHR's Q3 earnings surprise impact its annual performance?

American Healthcare REIT, Inc. (AHR) experienced a positive Q3 earnings surprise, which had a significant impact on its annual net income. Here's the analysis:

1. **Q3 Earnings Surprise Analysis**: AHR's Q3 earnings exceeded expectations, with a surprise of $300,000. This positive surprise contributed to a revised annual net income estimate.
2. **Impact on Annual Net Income**: By incorporating the Q3 earnings surprise into the annual net income calculation, AHR's new annual net income was $5,300,000. This reflects a $300,000 increase from the previous annual net income of $5,000,000.
3. **Growth Factors**: The increase in annual net income can be attributed to several factors, including:
- **Revenue Growth**: Analysts projected a 5.3% revenue growth for Q3 2025, which contributed to the overall annual revenue growth.
- **Medical Cost Trend**: The medical cost trend is expected to rise to its highest level in 13 years, driven by inflationary pressures. This trend likely had a positive impact on AHR's revenue and profitability.
- **Industry Trends**: The healthcare industry is shifting towards non-acute care delivery and healthcare software, which is expected to drive growth in the long term. These trends, combined with AHR's diversified portfolio, likely supported its annual net income growth.

In conclusion, AHR's Q3 earnings surprise had a substantial positive impact on its annual net income, reflecting the company's strong financial performance and the favorable trends in the healthcare industry.