What is AH Realty Trust Inc's earnings per share (EPS)?

AH Realty Trust Inc (AHRT) reported diluted earnings per share of $-0.08 for fiscal year 2026. This represents a -123.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

AH Realty Trust Inc Financials

AHRT

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows AH Realty Trust Inc (AHRT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AHRT FY2025 2026-04-22

Operating income holds up better than revenue, but cash distributions lean on financing as leverage rebuilds.

From FY2023 to FY2025, long-term debt rose from $1.40B to $1.53B even as operating cash flow moved lower across the period. In FY2025, dividends paid of $75.2M exceeded operating cash flow of $64.2M, so the higher cash balance depended on external financing rather than on cash retained from operations.

The unusual FY2025 pattern is margin expansion on a smaller top line: operating margin improved to 28.4% from 21.4% despite lower revenue. EBITDA also stayed close to the prior year's level, reinforcing that the top-line decline did not translate into an equally large drop in recurring operating earning capacity.

This is an asset-heavy, leveraged balance sheet: FY2025 assets were $2.60B and debt to equity was 2.4x. With return on assets at just 0.2%, that asset base is producing only thin residual earnings, which helps explain why the business can still show solid operating profit while net income stays compressed.

Financial Health Signals

Financial Health Score 44/100

Scored as: REITs peer group

Scored against REITs for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of AH Realty Trust Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Growth

Leverage

Interest Cov.

AFFO Margin

Dividend Cov.

Piotroski F-Score Partial

4/7

AH Realty Trust Inc passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

16.47x

For every $1 of reported earnings, AH Realty Trust Inc generates $16.47 in operating cash flow ($64.2M OCF vs $3.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

6.1x

AH Realty Trust Inc earns $6.1 in operating income for every $1 of interest expense ($48.5M vs $8.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$209.9M

YoY-51.5%

5Y CAGR-11.4%

10Y CAGR-1.8%

AH Realty Trust Inc generated $209.9M in revenue in fiscal year 2026. This represents a decrease of 51.5% from the prior year.

EBITDA

$121.0M

YoY-5.0%

5Y CAGR+2.2%

10Y CAGR+9.3%

AH Realty Trust Inc's EBITDA was $121.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.0% from the prior year.

Net Income

$3.9M

YoY-90.8%

5Y CAGR-33.1%

10Y CAGR-14.9%

AH Realty Trust Inc reported $3.9M in net income in fiscal year 2026. This represents a decrease of 90.8% from the prior year.

EPS (Diluted)

$-0.08

YoY-123.5%

AH Realty Trust Inc earned $-0.08 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 123.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$40.7M

YoY+85.3%

5Y CAGR-0.1%

10Y CAGR+4.2%

AH Realty Trust Inc held $40.7M in cash against $1.3B in long-term debt as of fiscal year 2026.

Dividends Per Share

$0.56

YoY-31.7%

5Y CAGR+4.9%

10Y CAGR-1.9%

AH Realty Trust Inc paid $0.56 per share in dividends in fiscal year 2026. This represents a decrease of 31.7% from the prior year.

Shares Outstanding

80M

YoY+0.6%

5Y CAGR+6.3%

10Y CAGR+10.3%

AH Realty Trust Inc had 80M shares outstanding in fiscal year 2026. This represents an increase of 0.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

23.1%

YoY+9.4pp

5Y CAGR+10.4pp

10Y CAGR+12.6pp

AH Realty Trust Inc's operating margin was 23.1% in fiscal year 2026, reflecting core business profitability. This is up 9.4 percentage points from the prior year.

Net Margin

1.9%

YoY-8.0pp

5Y CAGR-5.7pp

10Y CAGR-5.9pp

AH Realty Trust Inc's net profit margin was 1.9% in fiscal year 2026, showing the share of revenue converted to profit. This is down 8.0 percentage points from the prior year.

Return on Equity

0.6%

YoY-5.7pp

5Y CAGR-5.0pp

10Y CAGR-39.0pp

AH Realty Trust Inc's ROE was 0.6% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 5.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

AH Realty Trust Inc spent $0 on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

AHRT Income Statement

Metric	FY26	FY26	FY23	FY22	FY21	FY20
Revenue	$209.9M-51.5%	$433.2M+4.9%	$413.1M-12.3%	$471.1M+55.7%	$302.5M-21.1%	$383.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	$184.0M+10.1%	$167.2M+17.0%	$142.8M+22.0%	$117.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$20.3M+5.5%	$19.3M+12.2%	$17.2M+9.6%	$15.7M+7.4%	$14.6M+13.2%	$12.9M
Operating Income	$48.5M-18.0%	$59.2M-3.0%	$61.1M-54.6%	$134.4M+127.2%	$59.2M+21.4%	$48.7M
Interest Expense	$8.0M+21.5%	$6.6M-88.6%	$57.8M+45.7%	$39.7M+17.0%	$33.9M+9.2%	$31.0M
Income Tax	-$482K+21.5%	-$614K-146.2%	$1.3M+1016.6%	-$145K+80.5%	-$742K-162.2%	-$283K
Net Income	$3.9M-90.8%	$42.5M+451.9%	$7.7M-92.3%	$100.0M+292.2%	$25.5M-12.5%	$29.2M
EPS (Diluted)	$-0.08-123.5%	$0.34+780.0%	$-0.05-105.3%	$0.94+452.9%	$0.17-55.3%	$0.38

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$52.3M-6.5%	$55.9M+5.3%	$53.1M+4.7%	$50.7M+1.1%	$50.2M+1.3%	$49.5M-56.7%	$114.4M-2.1%	$116.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	$51.5M+5.4%	$48.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.7M	N/A	$4.4M-25.9%	$6.0M-16.2%	$7.2M	N/A	$5.2M+15.2%	$4.5M
Operating Income	$11.6M-27.0%	$15.9M+42.9%	$11.1M-18.2%	$13.6M+73.4%	$7.9M-73.4%	$29.5M+115.4%	$13.7M+148.7%	$5.5M
Interest Expense	$13.8M	N/A	$2.2M+11.6%	$1.9M+12.4%	$1.7M	N/A	$1.7M-2.4%	$1.8M
Income Tax	N/A	N/A	$192K+133.9%	-$567K-398.4%	$190K	N/A	$592K+147.5%	-$1.2M
Net Income	-$23.2M-1119.5%	$2.3M+2740.0%	$80K-98.7%	$5.9M+312.1%	-$2.8M-109.7%	$29.0M+676.3%	-$5.0M-258.8%	$3.2M
EPS (Diluted)	$-0.33-3200.0%	$-0.01+75.0%	$-0.04-200.0%	$0.04+157.1%	$-0.07-126.9%	$0.26+316.7%	$-0.12	$0.00

AHRT Balance Sheet

Metric	FY26	FY26	FY23	FY22	FY21	FY20
Total Assets	$2.6B+3.3%	$2.5B-2.0%	$2.6B+14.3%	$2.2B+15.7%	$1.9B+1.1%	$1.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$40.7M+85.3%	$22.0M+9.8%	$20.0M-57.8%	$47.5M+34.8%	$35.2M-14.0%	$41.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$64.7M+22.5%	$52.8M+16.1%	$45.5M+16.2%	$39.2M+32.5%	$29.6M+4.7%	$28.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.8B+8.9%	$1.6B-7.7%	$1.8B+31.3%	$1.3B+15.5%	$1.2B-0.2%	$1.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.3B-0.9%	$1.3B-7.3%	$1.4B+30.8%	$1.1B+16.4%	$917.6M-4.8%	$963.8M
Total Equity	$627.8M-6.4%	$670.6M+17.1%	$572.6M-11.6%	$647.5M+16.6%	$555.4M+6.1%	$523.2M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$2.5B-4.8%	$2.6B+0.8%	$2.6B0.0%	$2.6B+4.5%	$2.5B-1.9%	$2.5B-1.9%	$2.6B-0.3%	$2.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$28.5M-29.9%	$40.7M-12.4%	$46.5M-10.7%	$52.1M+105.8%	$25.3M+15.2%	$22.0M-49.9%	$43.9M+116.0%	$20.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$63.2M-2.4%	$64.7M+11.1%	$58.3M+7.9%	$54.0M+4.0%	$51.9M-1.8%	$52.8M+2.8%	$51.4M+16.4%	$44.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.7B-3.1%	$1.8B+2.0%	$1.7B+1.0%	$1.7B+7.5%	$1.6B-1.6%	$1.6B-3.4%	$1.7B-5.7%	$1.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.2B-3.0%	$1.3B-13.6%	$1.5B+2.7%	$1.4B+9.6%	$1.3B+1.9%	$1.3B-2.4%	$1.3B-6.4%	$1.4B
Total Equity	$569.5M-9.3%	$627.8M-1.7%	$638.8M-2.0%	$652.0M-0.8%	$657.4M-2.0%	$670.6M+1.0%	$663.9M+18.0%	$562.7M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AHRT Cash Flow Statement

Metric	FY26	FY26	FY23	FY22	FY21	FY20
Operating Cash Flow	$64.2M-42.6%	$112.0M+20.0%	$93.3M-20.1%	$116.9M+28.2%	$91.2M0.0%	$91.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	-$26.7M+88.7%	-$237.3M-613.8%	-$33.2M+42.3%	-$57.6M-119.7%	-$26.2M
Financing Cash Flow	$52.5M+221.5%	-$43.3M-135.4%	$122.3M+269.3%	-$72.2M-65.8%	-$43.5M+25.1%	-$58.1M
Dividends Paid	$75.2M-10.3%	$83.9M+4.3%	$80.4M+10.8%	$72.6M+23.6%	$58.7M+23.3%	$47.6M
Share Buybacks	$0	$0-100.0%	$12.6M	$0	$0	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$12.5M-53.4%	$26.7M+1.7%	$26.3M+136.8%	$11.1M+10276.6%	$107K-99.5%	$20.8M-23.9%	$27.3M+57.2%	$17.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	-$40.5M-131.8%	-$17.5M+18.6%	-$21.5M-152.6%	$40.9M+383.9%	-$14.4M-17.7%	-$12.2M
Financing Cash Flow	N/A	$32.9M+247.1%	$9.5M-23.7%	$12.4M+646.2%	-$2.3M+93.5%	-$35.2M-417.2%	$11.1M+140.6%	-$27.3M
Dividends Paid	$27.7M+360.8%	$6.0M-78.8%	$28.4M+65.4%	$17.2M-27.5%	$23.7M+9.8%	$21.5M+1.8%	$21.2M+0.4%	$21.1M
Share Buybacks	$21.0M	N/A	N/A	N/A	$0	N/A	N/A	N/A

AHRT Financial Ratios

Metric	FY26	FY26	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	44.5%+9.1pp	35.5%-11.7pp	47.2%+16.7pp	30.5%
Operating Margin	23.1%+9.4pp	13.7%-1.1pp	14.8%-13.8pp	28.5%+9.0pp	19.6%+6.8pp	12.7%
Net Margin	1.9%-8.0pp	9.8%+8.0pp	1.9%-19.4pp	21.2%+12.8pp	8.4%+0.8pp	7.6%
Return on Equity	0.6%-5.7pp	6.3%+5.0pp	1.3%-14.1pp	15.4%+10.9pp	4.6%-1.0pp	5.6%
Return on Assets	0.1%-1.5pp	1.7%+1.4pp	0.3%-4.2pp	4.5%+3.1pp	1.3%-0.2pp	1.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.05+0.1	1.93-0.5	2.44+0.8	1.650.0	1.65-0.2	1.84
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	45.0%+3.2pp	41.8%
Operating Margin	22.2%-6.3pp	28.5%+7.5pp	21.0%-5.9pp	26.9%+11.2pp	15.7%-44.0pp	59.6%+47.6pp	12.0%+7.3pp	4.7%
Net Margin	-44.3%-48.3pp	4.1%+3.9pp	0.1%-11.6pp	11.7%+17.3pp	-5.6%-64.2pp	58.6%+63.0pp	-4.4%-7.1pp	2.7%
Return on Equity	-4.1%-4.4pp	0.4%+0.4pp	0.0%-0.9pp	0.9%+1.3pp	-0.4%-4.8pp	4.3%+5.1pp	-0.8%-1.3pp	0.6%
Return on Assets	-0.9%-1.0pp	0.1%+0.1pp	0.0%-0.2pp	0.2%+0.3pp	-0.1%-1.3pp	1.2%+1.4pp	-0.2%-0.3pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.19+0.1	2.05-0.3	2.33+0.1	2.22+0.2	2.01+0.1	1.93-0.1	2.00-0.5	2.52
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is AH Realty Trust Inc's annual revenue?

AH Realty Trust Inc (AHRT) reported $209.9M in total revenue for fiscal year 2026. This represents a -51.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is AH Realty Trust Inc's revenue growing?

AH Realty Trust Inc (AHRT) revenue declined by 51.5% year-over-year, from $433.2M to $209.9M in fiscal year 2026.

Is AH Realty Trust Inc profitable?

Yes, AH Realty Trust Inc (AHRT) reported a net income of $3.9M in fiscal year 2026, with a net profit margin of 1.9%.

What is AH Realty Trust Inc's EBITDA?

AH Realty Trust Inc (AHRT) had EBITDA of $121.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does AH Realty Trust Inc have?

As of fiscal year 2026, AH Realty Trust Inc (AHRT) had $40.7M in cash and equivalents against $1.3B in long-term debt.

What is AH Realty Trust Inc's operating margin?

AH Realty Trust Inc (AHRT) had an operating margin of 23.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is AH Realty Trust Inc's net profit margin?

AH Realty Trust Inc (AHRT) had a net profit margin of 1.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does AH Realty Trust Inc pay dividends?

Yes, AH Realty Trust Inc (AHRT) paid $0.56 per share in dividends during fiscal year 2026.

What is AH Realty Trust Inc's return on equity (ROE)?

AH Realty Trust Inc (AHRT) has a return on equity of 0.6% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is AH Realty Trust Inc's operating cash flow?

AH Realty Trust Inc (AHRT) generated $64.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are AH Realty Trust Inc's total assets?

AH Realty Trust Inc (AHRT) had $2.6B in total assets as of fiscal year 2026, including both current and long-term assets.

How many shares does AH Realty Trust Inc have outstanding?

AH Realty Trust Inc (AHRT) had 80M shares outstanding as of fiscal year 2026.

What is AH Realty Trust Inc's debt-to-equity ratio?

AH Realty Trust Inc (AHRT) had a debt-to-equity ratio of 2.05 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is AH Realty Trust Inc's return on assets (ROA)?

AH Realty Trust Inc (AHRT) had a return on assets of 0.1% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is AH Realty Trust Inc's Piotroski F-Score?

AH Realty Trust Inc (AHRT) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are AH Realty Trust Inc's earnings high quality?

AH Realty Trust Inc (AHRT) has an earnings quality ratio of 16.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can AH Realty Trust Inc cover its interest payments?

AH Realty Trust Inc (AHRT) has an interest coverage ratio of 6.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is AH Realty Trust Inc?

AH Realty Trust Inc (AHRT) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.