AH Realty Trust, Inc. income statement
In fiscal 2025, AH Realty Trust, Inc. reported revenue of $210m, down 51.5% on the year before, operating income of $48.5m (a 23.1% margin) and net income of $5.6m, or −$0.08 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 130 | 108 | 140 | 168 | 252 | 258 | 303 | 193 | 257 | 384 | 303 | 471 | 254 | 433 | 210 | 214 |
| Cost of revenue | — | — | — | — | — | — | 187 | 74 | 102 | — | — | — | — | — | — | — |
| Gross profit | 41 | 41 | 42 | 47 | — | — | 116 | 81 | 106 | 117 | 143 | 167 | 184 | — | — | — |
| General and administrative | 4 | 3 | 7 | 8 | 8 | 10 | 10 | 11 | 12 | 13 | 15 | 16 | 17 | 19 | 20 | 17 |
| Operating income | 24 | 25 | 20 | 21 | 27 | 57 | 40 | 32 | 43 | 49 | 59 | 134 | 61 | 59 | 49 | 48 |
| Interest expense | 18 | 17 | 12 | 11 | 13 | 16 | 17 | 19 | 31 | 31 | 34 | 40 | 58 | 79 | 85 | 74 |
| Provision for credit losses | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 | −1 | 0 | 1 | 0 | 0 | 0 |
| Income before tax | 3 | 9 | 15 | 13 | 31 | 43 | 31 | 23 | 32 | 37 | 25 | 100 | 9 | 42 | — | — |
| Income tax | 0 | 0 | 0 | 0 | −0 | 0 | 1 | −0 | −0 | −0 | −1 | −0 | 1 | −1 | −0 | — |
| Net income | 2 | 9 | 7 | 8 | 20 | 28 | 21 | 17 | 24 | 29 | 22 | 75 | 8 | 36 | 6 | −39 |
| Diluted EPS | — | — | $0.39 | $0.36 | $0.75 | $0.85 | $0.50 | $0.36 | $0.41 | $0.38 | $0.17 | $0.94 | −$0.05 | $0.34 | −$0.08 | −$0.50 |
| Diluted shares (average) | — | — | 32m | 35m | 41m | 50m | 42m | 48m | 53m | 57m | 61m | 68m | 68m | 71m | 80m | 79m |
| EBITDA | 37 | 38 | 35 | 39 | 50 | 93 | 77 | 72 | 97 | 109 | 128 | 207 | 124 | 127 | 121 | 113 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 114 | 50 | 50 | 51 | 53 | 56 | 52 | 53 |
| Gross profit | 51 | — | — | — | — | — | — | — |
| General and administrative | 5 | 4 | 7 | 4 | 4 | 3 | 5 | 5 |
| Operating income | 14 | 30 | 8 | 14 | 11 | 16 | 12 | 10 |
| Interest expense | 21 | 18 | 12 | 15 | 23 | 23 | 14 | 14 |
| Provision for credit losses | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 0 |
| Income before tax | −7 | 29 | −4 | 6 | −1 | — | — | — |
| Income tax | 1 | −0 | 0 | −1 | 0 | −0 | — | — |
| Net income | −5 | 21 | −3 | 6 | 0 | −1 | −23 | −16 |
| Diluted EPS | −$0.12 | $0.26 | −$0.07 | $0.04 | −$0.04 | −$0.01 | −$0.33 | −$0.25 |
| EBITDA | 32 | 47 | 22 | 35 | 30 | 34 | 25 | 23 |
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