AHRT
AH Realty Trust, Inc.Financial Services·REIT - Healthcare Facilities
$6.81
$662M market cap
Revenue
$25.5M
Free Cash Flow
$20.5M
Rev Growth
+0.0%
FCF Margin
80.3%
P/FCF
32.3x
EV/FCF
97.3x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
AH Realty Trust, Inc. is a real estate company, which develops, builds, owns, and manages institutional-grade office, retail and multifamily properties in the Mid-Atlantic United States. It operates through the following segments: Office Real Estate, Retail Real Estate, Multifamily Residential Real Estate, and General Contracting and Real Estate Services. The General Contracting and Real Estate Services segment provides various real estate services, such as general contractor services, construct
2-Year Price History
$6.92-1.1%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 52.3 | 31.5 | 13.1 | -30.4 | 12.2 | 4.2 | -8.0 | 30.6 | 1,361 | 102.0 | 3.5% | 2.3x | -- |
| Act | 2025-Q4 | -26.8 | 44.1 | 20.3 | 2.4 | 26.8 | 16.3 | -10.5 | 52.4 | 1,798 | 102.1 | 4.0% | 1.9x | -- |
Valuation & Metrics
Market Stats
Price$6.81
Market Cap$662M
Enterprise Value$2.0B
P/S Ratio25.9x
P/FCF32.3x
EV/FCF97.3x
FCF Margin (TTM)80.3%
FCF Yield3.1%
Dividend Yield (TTM)10.3%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$25.5M
Net Income$-28.0M
Free Cash Flow$20.5M
Revenue Growth (YoY)+0.0%
EBITDA Margin296.0%
Net Margin-109.8%
FCF Margin80.3%
CapEx % of Revenue72.4%
SBC % of Revenue0.0%
ROIC3.8%
WC Change % Rev358.3%
Interest Coverage2.0x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares3.7M
Days to Cover5.4
Change (vs Prior)+11.5%
Need at least 2 settlement dates for chart
Employees
Headcount112
Revenue / Employee$227,946
Gross Profit / Employee$396,536
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
27.9%(-8.6% YoY)
189 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
16.4%(-18.5% YoY)
11 filers
Vanguard, iShares, SPDR
Market makers
1.6%(+1.4% YoY)
6 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $37.7M | $5.50 | −$33.0M | −$42.0M | — | $5.69T |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $22.2M | $5.50 | +$22.2M | +$22.2M | — | $1.91T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $19.2M | $5.50 | +$19.2M | +$19.2M | — | $4.04T |
| Irenic Capital Management LP | $19.2M | $5.50 | +$19.2M | +$19.2M | — | $1.05B |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $16.5M | $5.50 | +$36K | +$16.3M | — | $73.71B |
| FRANKLIN RESOURCES INC | $12.0M | $5.50 | −$292K | −$93K | — | $403.03B |
| STATE STREET CORPPassive | $11.8M | $5.50 | −$6.1M | −$11.3M | — | $2.89T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $11.6M | $5.50 | −$262K | +$26K | — | $1.61T |
| Invesco Ltd. | $10.3M | $5.50 | −$2.3M | +$614K | — | $652.04B |
| JANE STREET GROUP, LLCMM | $7.4M | $5.50 | +$6.3M | +$7.0M | — | $92.10B |
| AMERIPRISE FINANCIAL INC | $7.3M | $5.50 | +$128K | +$6.1M | — | $430.96B |
| Qube Research & Technologies Ltd | $7.0M | $5.50 | +$6.3M | +$1.1M | — | $70.36B |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $6.5M | $5.50 | −$789K | −$105K | — | $645.81B |
| BROWN ADVISORY INC | $6.2M | $5.50 | −$0 | +$6.0M | — | $60.79B |
| Berman McAleer LLC | $5.6M | $5.50 | +$0 | +$5.6M | — | $732M |
| TCW GROUP INC | $5.6M | $5.50 | +$5.0M | +$5.6M | — | $13.25B |
| Aristotle Capital Boston, LLC | $4.5M | $5.50 | −$850K | −$1.8M | — | $1.61B |
| NORTHERN TRUST CORPPassive | $4.5M | $5.50 | −$309K | −$365K | — | $755.34B |
| ALLIANCEBERNSTEIN L.P. | $4.2M | $5.50 | +$3.1M | +$3.7M | — | $307.70B |
| MILLENNIUM MANAGEMENT LLC | $4.1M | $5.50 | +$3.7M | +$3.0M | — | $127.40B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.23%
avg per quarter
Holders (ex-self)
—
excl. this stock
Buyers (this Q)
-1.05%
70 buyers · $0.11B in
Sellers (this Q)
+0.00%
86 sellers · $0.11B out
alpha coverage: 85% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-4.0%
how holders react when this stock falls
On quiet Qs
-2.6%
−10% to +10% baseline
On rallies (+10%+)
-4.6%
how they react when this stock rises
Holders' portfolio flow this Q
+9.2%
inflows — adds are organic
Sellers' portfolio flow this Q
+1.2%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
BlackRock, Inc.−$33.0MSTATE STREET CORP−$6.1MPRINCIPAL FINANCIAL GROUP INCexited−$2.5MInvesco Ltd.−$2.3MSTIFEL FINANCIAL CORPexited−$2.0MPUBLIC SECTOR PENSION INVESTMENT BOARDexited−$1.8MD.A. DAVIDSON & CO.exited−$1.1MSTATE OF WISCONSIN INVESTMENT BOARDexited−$852KAristotle Capital Boston, LLC−$850KCHARLES SCHWAB INVESTMENT MANAGEMENT INC−$789K
New buyers this quarter
Top-5 holders · 37.2%
BlackRock, Inc.--
VANGUARD PORTFOLIO MANAGEMENT LLC--
VANGUARD CAPITAL MANAGEMENT LLC--
Irenic Capital Management LP--
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
ALLIANCEBERNSTEIN L.P.638KMACQUARIE GROUP LTD—RENAISSANCE TECHNOLOGIES LLC190KFMR LLC14KNuveen Asset Management, LLC—FRANKLIN RESOURCES INC2.2MMIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.3.0MInvesco Ltd.1.9MSILVERCREST ASSET MANAGEMENT GROUP LLC—CHARLES SCHWAB INVESTMENT MANAGEMENT INC1.2M
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (1 analysts)$8.001750.0%
Last Year (1 analysts)$8.001750.0%
Current Price$6.81
Analyst Ratings
1
1
Buy: 1Hold: 1Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$68K
3 txns · 1 insider · 11,064 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-04-02 | BUY | Wimbush Frederick Blair | director | 669 | $5.41 | $4K | $227K |
| 2026-04-01 | BUY | Wimbush Frederick Blair | director | 395 | $5.38 | $2K | $223K |
| 2026-03-03 | BUY | Wimbush Frederick Blair | director | 10,000 | $6.19 | $62K | $239K |
Order Flow (FINRA, ~3w lag)
22.6%retail
23.1%dark
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.