earnings
confidence high
sentiment neutral
materiality 0.70
Q2 2025 GAAP net income $0.04/diluted; Normalized FFO $0.25, guidance maintained
AH Realty Trust, Inc.
2025-Q2 EPS reported
-$0.03
revenue$215,906,000
- Net income $3.9M ($0.04/sh) vs $0.4M a year ago; FFO $0.19/sh, down from $0.25/sh.
- Same-store NOI grew 1.4% (GAAP); office leasing spreads +11.7% (GAAP), retail renewals +10.8%.
- Stabilized portfolio occupancy 94.9%, down 80 bps from Q1; multifamily 94.0%, office 96.3%.
- Net debt/Adjusted EBITDAre 7.7x, vs 7.1x Q1; fixed charge coverage 1.5x vs 1.7x.
- 2025 Normalized FFO guidance unchanged at $1.00-$1.10/sh; July note proceeds used to repay $65M construction loan.
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