AHRT Financials Ah Realty Trust, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has declined 11.4% per year over the past 5 years.
Net income has grown slower than revenue (-33.1% vs -11.4% per year).
Operating margin has expanded, at 23.1% in the latest year.

Financial health

Total debt ($1.3B) exceeds cash ($41M); net debt is $1.2B.
Total debt has grown faster than revenue (5.9% vs -11.4% per year).
Operating income covered interest expense 0.6× in the latest year.
Total debt is 26× EBITDA.

Shareholder returns

Dividends have been paid for 13 consecutive years, consuming 1928.8% of earnings.
The dividend has grown 9.6% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$210M	$4M	0.0%	23.1%	—	$1.3B	$41M
2024	$204M	$43M	0.0%	29.0%	—	$1.3B	$22M
2023	$254M	$8M	72.5%	24.1%	—	$1.4B	$20M
2022	$471M	$100M	35.5%	28.5%	—	$1.1B	$47M
2021	$303M	$26M	47.2%	19.6%	—	$918M	$35M
2020	$384M	$29M	30.5%	12.7%	—	$964M	$41M
2019	$257M	$24M	41.4%	16.6%	—	$951M	$39M
2018	$193M	$17M	41.9%	16.6%	—	$694M	$21M
2017	$303M	$21M	38.4%	13.1%	—	$517M	$20M
2016	$258M	$28M	0.0%	22.1%	—	$522M	$22M
2015	$252M	$20M	0.0%	10.5%	—	$378M	$27M
2014	$168M	$8M	27.9%	12.7%	—	$356M	$26M
2013	$140M	$7M	30.0%	14.0%	—	$278M	$19M
2012	$108M	—	37.6%	22.8%	—	$335M	$9M
2011	$130M	—	31.3%	18.4%	—	—	$13M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$52M	-$23M	0.0%	22.2%	—	$1.2B	$29M
Dec '25	$56M	$2M	0.0%	28.5%	—	$1.3B	$41M
Sep '25	$53M	$80000	0.0%	21.0%	—	$1.5B	$47M
Jun '25	$51M	$6M	0.0%	26.9%	—	$1.4B	$52M
Mar '25	$50M	-$3M	0.0%	15.7%	—	$1.3B	$25M
Dec '24	$50M	$23M	0.0%	59.6%	—	$1.3B	$22M
Sep '24	$55M	-$5M	92.9%	24.7%	—	$1.3B	$44M
Jun '24	$50M	$3M	96.8%	10.9%	—	$1.4B	$20M
Mar '24	$49M	$14M	98.1%	21.4%	—	$1.4B	$42M
Dec '23	$191M	-$15M	23.9%	3.7%	—	$1.4B	$20M
Sep '23	$166M	$7M	29.1%	13.5%	—	$1.3B	$33M
Jun '23	$166M	$12M	28.1%	14.3%	—	$1.3B	$34M
Mar '23	$144M	$5M	30.1%	14.1%	—	$1.1B	$34M
Dec '22	$158M	$12M	28.6%	15.5%	—	$1.1B	$47M
Sep '22	$126M	$29M	32.4%	42.8%	—	$1.0B	$55M
Jun '22	$104M	$24M	39.5%	37.0%	—	$1.1B	$70M
Mar '22	$83M	$10M	48.3%	21.0%	—	$1.1B	$33M
Dec '21	$70M	$3M	47.2%	13.8%	—	$918M	$35M
Sep '21	$67M	$7M	49.0%	18.1%	—	$968M	$28M
Jun '21	$66M	$7M	47.0%	14.8%	—	$964M	$43M

Valuation over time

How the market has priced AHRT against its own fundamentals since 2026-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 106.9× (Mar '26) to 135.3× (Jun '26).
The price-to-sales ratio has risen from 2.0× (Mar '26) to 2.5× (Jun '26).
The dividend yield has fallen from 18.0% (Mar '26) to 14.3% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is AHRT growing its revenue and profit?

Over the past 5 years, Ah Realty Trust, Inc.'s revenue has declined 11.4% per year, and net income declined 33.1% per year. These are computed facts, not advice.

How much debt does AHRT have?

As of FY2025, Ah Realty Trust, Inc. reported $1.3B of total debt against $41M of cash; operating income covered interest expense 0.6×.

What is AHRT's profit margin?

In FY2025, gross margin was —, operating margin 23.1%, and net margin 1.9%.

What is AHRT's P/E ratio?

As of Jun '26, Ah Realty Trust, Inc. traded at a price-to-earnings ratio of about 135.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.