---
schema_version: "secwatch.filing_event.v1"
accession: "0001569187-25-000067"
form_type: "8-K"
ticker: "AHRT"
cik: "0001569187"
company_name: "AH Realty Trust, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:03:15.087151+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Armada Hoffler Q1 2025: GAAP net loss $0.07/share; Normalized FFO $0.25; maintains FY guidance

## Summary
- Net loss of $7.2M ($0.07/diluted) vs net income of $14.8M ($0.17) in Q1 2024.
- Normalized FFO of $0.25/diluted share, down from $0.34 in Q1 2024; full-year guidance unchanged at $1.00-$1.10.
- Office same-store NOI grew 9.2% GAAP; office releasing spreads +23.3% GAAP, +3.7% cash; retail renewal spreads +11.0% GAAP, +7.4% cash.
- Portfolio occupancy 95.7% weighted avg; 313K sq ft of new/renewed commercial leases executed.
- 100% fixed/hedged debt; net debt/EBITDAre 7.1x; stabilized portfolio debt/EBITDAre 5.4x.

## SEC filing metadata
- accession: 0001569187-25-000067
- form_type: 8-K
- ticker: AHRT
- cik: 0001569187
- company_name: AH Realty Trust, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1569187/000156918725000067/0001569187-25-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1569187/000156918725000067/ahh-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001569187-25-000067
- JSON: https://secwatch.observer/filing/0001569187-25-000067.json
- Plain text: https://secwatch.observer/filing/0001569187-25-000067.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.