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NYSE · Real Estate

AH Realty Trust, Inc. (AHRT)

As-reported financials and SEC filings for AH Realty Trust, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About AH Realty Trust, Inc.

AH Realty Trust, Inc. is a self-managed real estate investment trust that owns and operates retail, office, and multifamily properties primarily in the Mid-Atlantic and Southeastern United States. The company focuses on high-quality commercial real estate assets, including luxury apartment communities and Class A office spaces, and provides real estate financing through preferred equity investments. It serves tenants such as grocery stores and big-box retailers, and targets markets with high barriers to entry.

Snapshot

Revenue
$285.2M
Revenue growth (YoY)
-34.2%
Net income
$5.6M
Diluted EPS
$-0.07
Gross margin
—
Operating margin
28.4%
Net margin
2.0%
FCF margin
—
ROE
0.7%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$572.6M
Long-term debt / equity
1.55×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at AH Realty Trust

  • Revenue fell 34.2% to $285M in FY2025, slower than the 4.9% the year before.
  • Operating margin is 28.4% in FY2025, +8.8 pp against 19.6% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $53M, up 64.3% from Q2 FY2025.
  • Net income fell 84.3% to $6M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where AH Realty Trust’s fundamentals sit among the 227 Real Estate companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin28.4%
67th percentile of 123
Net margin2.0%
36th percentile of 212
Revenue growth (YoY)-34.2%
5th percentile of 222
ROE0.7%
37th percentile of 196
Long-term debt / equity1.55×
73rd percentile of 129
Short interest2.24d
22nd percentile of 215

AH Realty Trust’s revenue growth of -34.2% ranks in the 5th percentile of the 222 Real Estate companies reporting it.

4 reported insider purchases (code P) totaling $35,771 in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+6 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$16.9M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$9.4M1.3MAdded
AQR Capital ManagementquantQ2 2026$3.2M452.3KAdded
Millennium ManagementquantQ2 2026$1.9M272.1KReduced
Citadel AdvisorsquantQ2 2026$1.7M234.5KReduced
Renaissance TechnologiesquantQ2 2026$514,58972.7KReduced
D. E. ShawquantQ2 2026$134,86019.0KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4. Multiple insiders have bought recently (a cluster buy).

Buys (90d)
4
3 insiders
Bought (90d)
$36K
code P value
Sells (90d)
0
—
Reported activity
Cluster buy
≥2 insiders buying
Trade dateInsiderTypeSharesPriceValue
2026-10-08
filed 2026-10-09
Theodore BigmanDirectorBuy1.9K$5.96$11K
2026-10-08
filed 2026-10-09
Frederick Blair WimbushDirectorBuy633$5.99$4K
2026-10-07
filed 2026-10-09
Frederick Blair WimbushDirectorBuy494$5.96$3K
2026-09-28
filed 2026-09-29
Lori WittmanDirectorBuy3.0K$5.95$18K
2026-07-02
filed 2026-07-06
Frederick Blair WimbushDirectorBuy529$7.01$4K
2026-07-01
filed 2026-07-06
Frederick Blair WimbushDirectorBuy358$7.00$3K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.0M
settled 2026-09-30
Change vs prior
+48.5%
vs previous settlement
Days to cover
2.24
at avg daily volume
Avg daily volume
1.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-304.0M+48.5%2.24
2026-09-152.7M-12.5%4.80
2026-08-313.1M+16.8%5.81
2026-08-142.6M+7.8%3.68
2026-07-312.4M-30.6%3.83
2026-07-153.5M+0.1%5.16
2026-06-303.5M-3.8%3.38
2026-06-153.6M-10.4%4.64

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$285.2M$433.2M$413.1M$471.1M$302.5M
Gross profit—————
Operating income$80.9M$92.5M$61.1M$134.4M$59.2M
Net income$5.6M$35.6M$8.3M$74.7M$21.9M
Diluted EPS$-0.07$0.34$-0.05$0.94$0.17

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$40.7M$22.0M$20.0M$47.5M$35.2M
Current assets—————
Total assets$2.60B$2.51B$2.56B$2.24B$1.94B
Current liabilities—————
Long-term debt$1.28B$1.30B$1.40B$1.07B$917.6M
Total liabilities$1.77B$1.62B$1.76B$1.34B$1.16B
Total equity$829.2M$889.7M$805.2M$904.0M$779.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$64.2M$82.0M$101.9M$116.9M$91.2M
Capital expenditure—————
Free cash flow—————

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$52.5M64.3%$-15.7M$-0.25
Q1 FY2026$52.3M12.2%$-23.2M$-0.33
Q4 FY2025$55.9M12.9%$2.3M—
Q3 FY2025$53.1M-53.6%$80,000—
Q2 FY2025$32.0M-72.6%$5.9M—
Q1 FY2025$46.6M-63.3%$-2.8M$-0.07
Q4 FY2024$49.5M—$29.0M$0.26
Q3 FY2024$114.4M15.0%$-5.0M$-0.12

Latest 8 quarters, from company XBRL filings on SEC EDGAR. Revenue YoY is our calculation: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorReal Estate
SIC industryReal Estate
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK1569187

Selected SEC filings

10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-09-16
View on EDGAR →
8-K2026-08-03
View on EDGAR →
8-K2026-06-22
View on EDGAR →
8-K2026-06-01
View on EDGAR →

Largest Real Estate peers

All Real Estate companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.