AHRT · NYSE · REIT - Diversified

AH Realty Trust (AHRT)

Owns and operates retail and office properties across the Mid-Atlantic and Southeast.

$6.01
vs last close−0.18 (−2.91%)
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AH Realty Trust, Inc.AHRT
Real Estate

Owns and operates retail and office real estate, primarily across the Mid-Atlantic and Southeastern United States. The former integrated platform is being simplified through exits from multifamily, construction, and real-estate financing, making remaining dispositions and debt reduction structural dependencies.

Owns and operates retail and office real estate, primarily in the Mid-Atlantic and Southeastern United States. It reports leased occupancy across both property types, while historical multifamily results are treated as discontinued operations during the transition.

Built its earlier platform around commercial real-estate ownership, operations, acquisition, development, and construction. The current reset narrows that model to retail and office while pursuing divestitures of multifamily, construction, and real-estate-financing activities.

Rebranded from Armada Hoffler to AH Realty Trust as the strategy reset began. Completion timing and benefits of remaining multifamily and construction dispositions are not assured; the streamlined retail-and-office portfolio depends on their execution.

Company facts

CEOShawn J. Tibbetts
ListedMay 8, 2013
ExchangeNYSE
HeadquartersVirginia Beach, VA
CountryUnited States
Employees98
CIK0001569187
ISINUS04208T1088

Market cap$593.7M
EPS (ttm)−$0.5850
P/E (ttm)−10.58
ROE-8.3%
P/B1.12
P/S3.41
Dividend yieldDiv yield9.05%
Beta0.62vs XLRE 0.82

Price target$8.00+29.2%Average of 2 analysts
ConsensusBuy1 of 2 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
May 5, 2026Stifel NicolausTarget
Target:
Target: $8

EPSReportedEstimate

Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26
Reported−$0.10$0.26−$0.07$0.04−$0.04−$0.01$0.33−$0.25
Estimate$0.08$0.03$0.02$0.04$0.06$0.02$0.12$0.02
Surprise−225.0%+766.7%−450.0%+14.3%−166.7%−150.0%+175.0%−1,350.0%

RevenueReportedEstimate

Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26
Reported$68.6M$63.0M$63.8M$65.1M$68.7M$72.0M$52.3M$52.5M
Estimate$65.0M$66.7M$63.2M$64.4M$66.6M$68.6M$52.4M$52.3M
Surprise+5.5%−5.6%+1.0%+1.1%+3.2%+4.9%−0.2%+0.4%
Estimate$0.02
Reported−$0.25−1,350.0%
Estimate$52.3M
Reported$52.5M+0.4%
View details

Debt to equity202.60%
Current ratio75.70%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$187.7M$67.4M$114.7M$101.3M$96.1M−$26.8M$52.3M$52.5M
Net income−$5.0M$23.4M−$2.8M$5.9M$80.0K$2.4M−$30.4M−$21.3M
Net margin0.0%34.8%0.0%5.9%0.1%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$14.6M$11.6M$16.0M$20.6M$22.5M$20.3M$13.1M$12.9M
YoY growth−40.4%Turned profit−55.9%−15.7%+53.8%+75.0%−17.9%−37.4%

Balance sheet, Jun 30, 2026Cash & short-term investments $22.2M · Total debt $1.07B · Total assets $1.93B · Shareholders' equity $529.3M

Revenue
$52.5M
Operating income
$12.9M
Net income
−$21.3M
View details

Dividend yield
9.05%
Next ex-date
Sep 30, 26
in 7 days
Annual dividend
$0.56
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.205$0.14$0.14$0.14$0.14$0.14$0.14$0.14
Annual yield8.11%10.00%10.04%9.01%8.46%10.51%8.24%9.28%
Ex-dateDec 26Mar 26Jun 30Sep 24Dec 31Mar 26Jun 24Sep 30
Payment dateJan 2Apr 3Jul 8Oct 2Jan 8Apr 2Jul 2Oct 8
View details

Insiders5.85%5.61M shares
9 holders · as of Sep 16, 2026
Other94.15%90.30M shares
remainder

95.91M company shares as of Aug 22, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Daniel A. HofflerInsiderdirector
5.21%4.99Mfiled Jul 6, 2026
Louis S. HaddadInsiderdirector
0.32%307,476filed Jun 22, 2026
Theodore BigmanInsiderdirector
0.09%82,317filed Sep 16, 2026
Shawn J. TibbettsInsiderdirector, officer: CEO and President
0.06%55,080filed Mar 13, 2026
Dennis H. GartmanInsiderdirector
0.06%52,793filed Jun 18, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jul 1, 2026Frederick Blair Wimbushdirector+358$7.00
Jul 2, 2026Frederick Blair Wimbushdirector+529$7.01
Apr 1, 2026Frederick Blair Wimbushdirector+395$5.38
Apr 2, 2026Frederick Blair Wimbushdirector+669$5.41
Mar 3, 2026Frederick Blair Wimbushdirector+10,000$6.19
View details

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CompanyPriceChange
AH Realty Trust$6.01−2.91%$593.7M3.4−19.3%
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Median20.235.85.4+6.8%