Quarterly ResultMay 4, 2026, 04:08 PM
AH Realty Trust Q1 FFO, As Adjusted $0.15; Raises 2026 Guidance
AI Summary
AH Realty Trust reported its first quarter 2026 results, with a GAAP Net Loss of $0.33 per diluted share, but FFO, As Adjusted of $0.15 per diluted share. The company is undergoing a significant business restructuring, including exiting the multifamily sector and divesting construction and real estate financing businesses, with several sales already completed. Due to solid operating results in retail and office portfolios and transformational actions, the company raised its full-year 2026 FFO, As Adjusted guidance to $0.51 to $0.55 per diluted share.
Key Highlights
- AH Realty Trust reported a GAAP Net Loss of $0.33 per diluted share for Q1 2026.
- FFO, As Adjusted was $0.15 per diluted share for the first quarter.
- The company announced a fundamental business restructuring, exiting multifamily and divesting construction/real estate financing businesses.
- Entered into a binding agreement to sell an 11-asset multifamily portfolio for $562.0 million in cash.
- Sold Peachtree and North Creek real estate financing investments for $63.8 million, using proceeds to pay down debt.
- Repurchased 4.2 million shares of common stock for $24.1 million through April 2, 2026.
- Retail Same Store NOI grew 2.2% (Cash) and Office Same Store NOI grew 0.7% (Cash).
- Raised full-year 2026 FFO, As Adjusted guidance to $0.51 to $0.55 per diluted share.