DivestmentMay 7, 2026, 05:12 PM
AH Realty Trust Q1 Net Loss $(30.38)M; Divests Multifamily for $562M
AI Summary
AH Realty Trust, Inc. reported a net loss of $(30.38) million for Q1 2026, significantly wider than the $(4.34) million loss in Q1 2025, primarily due to losses from discontinued operations. The company completed a strategic rebranding and is exiting the multifamily, real estate financing, and construction sectors. This includes an agreement to sell eleven multifamily properties for $562.0 million.
Key Highlights
- Net loss for Q1 2026 was $(30.38) million, compared to $(4.34) million in Q1 2025.
- Net loss per common share was $(0.33) in Q1 2026, versus $(0.07) in Q1 2025.
- Agreed to sell eleven multifamily properties for $562.0 million in cash, expected to close in Q2 2026.
- Divested general contracting and real estate services segment, with sale closing April 30, 2026.
- Sold two real estate financing investments on March 27, 2026.
- Total revenues increased to $52.32 million in Q1 2026 from $50.18 million in Q1 2025.
- Operating income from continuing operations rose to $11.63 million from $7.86 million.
- Declared a quarterly dividend of $0.14 per common share and unit.