AH Realty Trust Reports $24.2 Million Net Loss in Q2 2026, Revenue Increases to $52.5 Million

AH Realty Trust, Inc. reported its financial results for the second quarter of 2026, revealing a net loss attributable to common stockholders of $24.2 million, or $0.25 per diluted share, compared to a net income of $3.9 million, or $0.04 per diluted share, for the same period in 2025. Total revenues for the quarter increased to $52.5 million, up from $50.7 million year-over-year, primarily driven by a rise in rental revenues, which reached $52.5 million, compared to $50.7 million in the prior year. However, the company faced increased expenses, totaling $42.1 million, compared to $37.1 million in the previous year, largely due to higher rental expenses and depreciation costs.

The company has undergone significant strategic changes, including the divestiture of its general contracting and real estate services business, which was completed on April 30, 2026. This move is part of a broader initiative to simplify its business model and focus on core retail and office real estate operations. The sale generated $2.4 million in economic consideration and included a transition services agreement for 90 days post-sale. Additionally, AH Realty Trust is in the process of selling its multifamily properties, with a notable transaction involving the sale of nine multifamily properties for $485 million, which was completed on May 20, 2026.

Operationally, the company reported a weighted average stabilized portfolio leased occupancy of 95.9% as of June 30, 2026, with retail occupancy at 95.1% and office occupancy at 96.7%. The company executed 11 retail lease renewals and six new leases during the quarter, resulting in positive leasing spreads. However, the company also recorded impairment charges of $1.9 million related to certain development projects that no longer met its investment criteria.

Looking ahead, AH Realty Trust anticipates completing the sale of remaining multifamily assets, including Greenside Apartments and Premier Apartments, by mid-2027. The company is also focused on optimizing its capital structure, having repaid $265.5 million in secured debt using proceeds from the multifamily portfolio sale. The company maintains a robust liquidity position, with $20.7 million in unrestricted cash and $203.7 million available under its revolving credit facility as of June 30, 2026.