AH REALTY TRUST (AHRT) Financial Statements & Analysis

AH REALTY TRUST (AHRT) Income Statement

AH REALTY TRUST reported revenue of $285.20M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 23.6% from $230.71M a year earlier. Net income was $5.60M, down 76.7% year over year, a net margin of 2.0%. Gross margin was 67.7% and operating margin 28.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $52.55M, down 39.9% from the same quarter a year earlier.

AH REALTY TRUST Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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AH REALTY TRUST INC income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	285.20	230.71	190.05	471.13	287.13	384.33	257.94	193.32	302.77
Cost of Revenue	92.01	85.72	78.86	299.96	296.78	355.71	228.34	191.86	296.88
Gross Profit	193.19	188.35	175.05	171.17	-12.04	28.62	29.60	1.46	5.89
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	20.34	19.29	17.19	15.69	14.61	0.00	0.00	0.00	0.00
Operating Expenses	111.43	110.27	115.10	90.40	-57.26	-29.57	-21.72	-26.98	-27.06
Operating Income	81.76	78.08	59.95	80.77	45.22	58.19	51.32	28.44	32.95
Other Income/Expense
Interest Income	15.58	17.37	15.10	16.98	18.46	19.84	23.22	10.73	7.08
Interest Expense	85.31	78.97	57.81	39.68	33.91	31.04	31.34	14.09	17.44
Other Income/Expense	2.39	28.74	-5.66	58.72	-20.50	-21.51	-19.55	-4.97	-2.30
Income
Income Before Tax	-1.15	27.85	-3.52	99.81	24.71	36.68	31.77	23.46	30.65
Income Tax Expense	0.00	-0.61	1.33	-0.15	-0.74	-0.28	-0.49	-0.03	0.73
Net Income	5.60	24.10	-3.26	74.75	10.34	29.15	24.05	17.20	21.05
Net Income - Continuous Operations	-1.15	27.85	-3.52	99.95	21.89	29.15	24.05	17.20	21.05
Net Income - Discontinued Operations	5.06	14.64	11.19	-	-	-	-	-	-
EBITDA	175.68	157.88	152.20	213.57	125.40	112.66	102.07	77.46	85.41
EBIT	84.16	72.95	60.44	139.49	61.49	-	-	-	-
Depreciation & Amortization	91.52	90.83	97.34	74.08	70.54	44.95	38.96	39.91	37.32
Earnings Per Share
Basic EPS	-	-	-	1.00	-	-	-	-	1.00
Diluted EPS	-	-	-	1.00	-	-	-	-	1.00
Basic Shares Outstanding	80.17	70.66	67.69	67.73	60.65	57.33	53.12	47.51	42.42
Diluted Shares Outstanding	101.92	70.66	67.69	88.19	60.65	57.33	53.12	47.51	42.42

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About AH REALTY TRUST Financial Statements

What was AH REALTY TRUST's revenue in fiscal 2025?

AH REALTY TRUST reported revenue of $285.20M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 23.6% from $230.71M a year earlier.

Is AH REALTY TRUST profitable?

Yes. AH REALTY TRUST earned net income of $5.60M in fiscal 2025, a net margin of 2.0%. In fiscal 2024 it earned $24.10M.

What is AH REALTY TRUST's operating margin?

AH REALTY TRUST's operating income was $81.76M on revenue of $285.20M in fiscal 2025, an operating margin of 28.7%, compared with 33.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition