AH Realty Trust (AHRT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

AH Realty Trust

NYSE•Real Estate•REIT - Diversified

$6.08-0.03(<0.01%)Market closed

Market Cap

$481.86M

P/S

2.8x

P/B

0.9x

AH REALTY TRUST INC is a real estate investment trust (REIT) with over four decades of experience. The Company owns and operates high-quality retail and mixed-use office assets located primarily in the Mid-Atlantic and Southeastern United States. AH Realty Trust focuses on disciplined capital allocation and long-term value creation for shareholders. AH REALTY TRUST INC was incorporated in 1979 in Maryland and is based in Virginia Beach, Virginia.

How this company scores

WeakMetricSide Score: 37/100

Grade capped at D — Interest coverage below 1× (0.7x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (22/25); weakest: Growth (0/25).

Profitability4/25

Growth0/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality22/25

Strengths

Rising free cash flowImproving leverage

Grade capped at D

Interest coverage below 1× (0.7x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 95.8x5y range 9.9x – 95.8x

Currently above its 17-quarter median.

P/S · 2.8x5y range 1.0x – 2.8x

Currently above its 20-quarter median.

P/B · 0.9x5y range 0.7x – 1.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 114.9% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $481.86M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $174.16M
Q. Revenue: $52.55M
TTM EBITDA: $147.82M
TTM Op. Income: $65.13M
Q. Op. Income: $9.78M
TTM Net Income: $-36.38M
Q. Net Income: $-15.68M
EPS: $-0.25
Shares Out.: $75.29M

$174.16M in TTM revenue declined 68.1% YoY, reaching $52.55M last quarter. TTM EBITDA of $147.82M and TTM operating income of $65.13M show growth is flowing through to the bottom line. However, net income is negative at $36.38M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 52.7%
Op. Margin: 18.6%
Net Margin: -29.8%

Op. margin of 18.6% is down 1.1% YoY — costs are rising relative to revenue. Net margin at -29.8% Over the past year, operating margin is down 6% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 2.8x
P/B Ratio: 0.9x

P/S of 2.8x and P/B of 0.9x. Over the past year, P/E is up 380% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.93B
Cash: $20.66M
Long-Term Debt: $955.86M
Book Value: $529.33M
D/E Ratio: 1.8
Debt/EBITDA: 34.5

With $1.93B in assets and $955.86M in long-term debt, D/E is 1.8and book value is $529.33M — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $29.20M
TTM Free Cash Flow: $84.15M
FCF Margin: 48.3%
FCF / Net Income: -2.3

TTM FCF of $84.15M on $29.20M in operating cash flow. The FCF / Net Income ratio of -2.3x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.