AH Realty Trust
Owns and operates retail and office properties across the Mid-Atlantic and Southeast.
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Profile
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
Key statistics
Year to date −1.4% · Average volume (30d) 612.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| May 5, 2026 | Stifel Nicolaus | Target | $8 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $0.02 | −$0.25 | −1,350.0% | $52.3M | $52.5M | +0.4% | +2.31% |
| May 4, 2026Q1 FY26 | $0.12 | $0.15 | +25.0% | $52.4M | $52.3M | −0.2% | +7.69% |
| Feb 16, 2026Q4 FY25 | $0.02 | −$0.01 | −150.0% | $68.6M | $72.0M | +4.9% | −7.98% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $114.7M | $101.3M | $96.1M | −$26.8M | $52.3M | $52.5M | |
| Gross profit | $1.3M | $4.4M | $4.9M | $46.2M | −$1.8M | −$493.0K | |
| Operating income | $16.0M | $20.6M | $22.5M | $20.3M | $13.1M | $12.9M | |
| Net income | −$2.8M | $5.9M | $80.0K | $2.4M | −$30.4M | −$21.3M | |
| Diluted EPS | −$0.07 | $0.04 | $0.00 | −$0.01 | −$0.33 | −$0.25 | |
| Gross margin | 1.2% | 4.4% | 5.1% | — | -3.4% | -0.9% | |
| Operating margin | 13.9% | 20.3% | 23.4% | — | 25.1% | 24.6% |
Fiscal years (4-quarter sums)FY21 $284.7M · FY22 $454.8M · FY23 $667.7M · FY24 $633.5M · FY25 $285.4M
Balance sheet, Jun 30, 2026Cash & short-term investments $22.2M · Total debt $1.07B · Total assets $1.93B · Shareholders' equity $529.3M
Dividends
Last cut to $0.14 from $0.205 in Mar 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 24, 2026 | Jun 24 | Jul 2 | $0.14 | |
| Mar 26, 2026 | Mar 26 | Apr 2 | $0.14 | |
| Dec 31, 2025 | Dec 31 | Jan 8 | $0.14 | |
| Sep 24, 2025 | Sep 24 | Oct 2 | $0.14 | |
| Jun 30, 2025 | Jun 30 | Jul 8 | $0.14 | |
| Mar 26, 2025 | Mar 26 | Apr 3 | $0.14 | cut from $0.205 |
| Dec 26, 2024 | Dec 26 | Jan 2 | $0.205 | |
| Sep 25, 2024 | Sep 25 | Oct 3 | $0.205 |
Ownership
Shares outstanding 95.91M · Float 94.54M
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| Louis S. Haddad · director | 307.5K | 0.32% | Form 4 | Jun 22, 2026 |
| Theodore Bigman · director | 80.0K | 0.08% | Form 4 | Jun 22, 2026 |
| Shawn J. Tibbetts · director, officer: CEO and President | 57.5K | 0.06% | Form 4 | Mar 5, 2026 |
| Dennis H. Gartman · director | 52.8K | 0.06% | Form 4 | Jun 18, 2026 |
| Frederick Blair Wimbush · director | 45.2K | 0.05% | Form 4 | Jul 6, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 1, 2026 | Frederick Blair Wimbush | director | +358 | $7.00 |
| Jul 2, 2026 | Frederick Blair Wimbush | director | +529 | $7.01 |
| Apr 1, 2026 | Frederick Blair Wimbush | director | +395 | $5.38 |
| Apr 2, 2026 | Frederick Blair Wimbush | director | +669 | $5.41 |
| Mar 3, 2026 | Frederick Blair Wimbush | director | +10,000 | $6.19 |
Peers
- Brixmor Property Group
National open-air centers overlap in retail leasing and acquisitions
- Highwoods Properties
Southeast Class A offices overlap in leasing and property markets
- Regency Centers
Grocery-anchored centers overlap in retail leasing and acquisitions
- Kite Realty Group
Sun Belt open-air centers overlap in grocery-anchored retail
- Cousins Properties
Sun Belt Class A office towers overlap in Southeast office markets
- Piedmont Realty Trust
Sun Belt Class A offices overlap in office leasing and acquisitions
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AH Realty Trust | $6.54 | −0.15% | $627.3M | — | — | 3.6 | — |
| Brixmor Property Group | $29.17 | −0.02% | $8.95B | 20.8 | 28.0 | 6.4 | +4.2% |
| Highwoods Properties | $31.01 | −0.45% | $3.44B | 20.5 | 37.0 | 4.1 | +7.2% |
| Regency Centers | $75.52 | +0.01% | $13.79B | 21.4 | 29.9 | 8.0 | +5.8% |
| Kite Realty Group | $26.00 | 0.00% | $5.21B | 16.1 | 65.4 | 6.4 | −9.4% |
| Cousins Properties | $29.40 | −0.15% | $4.85B | 719.8 | 76.7 | 4.7 | +10.7% |
| Piedmont Realty Trust | $9.54 | −0.05% | $1.19B | — | — | 2.1 | +2.7% |
| Median | 20.8 | 37.0 | 5.5 | +5.0% |