AH Realty Trust Inc. Common Stock (AHRT)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the asset and the cash it produces. AH Realty Trust is a REIT with retail and mixed-use office properties in the Mid-Atlantic and Southeast, and it has operated since 1979. The filed numbers are not reassuring. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $52.5 million and net income was -$15.7 million, or diluted EPS of -$0.25. The prior quarter, fiscal Q1 2026 ended 2026-03-31, had revenue of $52.3 million and net income of -$23.2 million, or EPS of -$0.33. For FY2025 ended 2025-12-31, revenue was $285.2 million and net income was $5.6 million, or EPS of -$0.07, versus FY2024 ended 2024-12-31 revenue of $433.2 million, net income of $35.6 million, and EPS of $0.34. That is a serious deterioration. For REITs, EPS is distorted by depreciation, and the proper FFO/AFFO measures are not in the data, so I lean on the dividend, leverage, revenue trend, and price-to-book. At the 2026-10-13 close of $6.05, FairStock puts P/B at 1.26 and the dividend yield at 9.00%; debt-to-equity is 1.50 and Altman Z is 0.14, which signals financial stress. Free cash flow is $83.1 million, an 18.4% FCF yield, which sounds attractive, but negative earnings and a shrinking Lynch Slow Grower profile—profit down 28.1% a year over five years—make me want proof that the dividend is covered by recurring REIT cash flow. The low price-to-book offers some asset support, but at 1.26 times book with weak profits and high leverage, this looks more like a workout than a bargain.

In plain English: AH Realty Trust owns retail and mixed-use office buildings, mainly in the Mid-Atlantic and Southeastern United States. The business looks weak right now: recent quarters show losses, profits have fallen sharply, and debt is high. At $6.05, the price looks more fair than cheap against those numbers, though the large dividend and cash generation may attract income-focused investors.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-Q (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · FY2025 10-K/A (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer