AH Realty Trust, Inc. (AHRT) Income Statement
AHRT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAHRT revenue and net income
Where AHRT's revenue goes
2025Each bar shows an amount and its share of revenue. AHRT kept 2.0% of revenue as net income.
AHRT profit margins
AHRT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.0% | −14.4% | −5.8% | +1.2% |
| Gross profit | +58.6% | +14.1% | −19.1% | −2.7% |
| Operating income | −8.3% | +2.9% | +6.5% | +19.6% |
| Net income | −84.3% | −57.8% | −28.1% | −11.8% |
| EPS (diluted) | −120.7% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AHRT quarterly EPS vs estimates
AH Realty beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 2, 2026 (estimate $0.14).
AHRT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $285.4M | $274.5M | $667.7M | $454.8M | $284.7M | $384.3M | $257.9M | $193.3M | $302.8M | $258.4M |
| Cost of revenue | $275.5M | $268.2M | $673.2M | $448.2M | $296.8M | $355.7M | $228.3M | $191.9M | $296.9M | $255.4M |
| Gross profit | $9.9M | $6.3M | −$5.5M | $6.7M | −$12.0M | $28.6M | $29.6M | $1.5M | $5.9M | $3.0M |
| Sales, general & admin | $20.3M | $20.2M | $18.1M | $15.7M | $14.6M | — | — | — | — | — |
| Total operating expenses | −$69.8M | −$80.7M | −$72.2M | −$66.4M | −$57.3M | −$29.6M | −$21.7M | −$27.0M | −$27.1M | −$23.1M |
| Operating income | $79.7M | $87.0M | $66.7M | $73.1M | $45.2M | $58.2M | $51.3M | $28.4M | $33.0M | $26.1M |
| Interest income | — | — | $15.1M | $17.0M | $18.5M | — | — | — | — | — |
| Interest expense | $83.8M | $78.5M | $53.6M | $35.8M | $33.9M | $31.0M | $31.3M | $14.1M | $17.4M | $16.5M |
| Income before taxes | −$1.2M | $27.9M | $9.0M | $99.8M | $24.7M | $36.7M | $31.8M | $23.5M | $30.6M | $43.1M |
| Income taxes | — | −$614,000 | $1.3M | −$145,000 | −$742,000 | −$283,000 | −$491,000 | −$29,000 | $725,000 | $343,000 |
| Net income | $5.6M | $35.6M | $8.3M | $74.7M | $21.9M | $29.2M | $24.1M | $17.2M | $21.0M | $28.1M |
| EBITDA | $174.4M | $197.7M | $160.6M | $210.4M | $129.2M | $112.7M | $102.1M | $77.5M | $85.4M | $94.9M |
| EPS (diluted) | −$0.06 | $0.29 | −$0.05 | $0.93 | $0.16 | $0.38 | $0.40 | $0.36 | $0.49 | $0.32 |
| Gross margin | 3.5% | 2.3% | −0.8% | 1.5% | −4.2% | 7.4% | 11.5% | 0.8% | 1.9% | 1.2% |
| Operating margin | 27.9% | 31.7% | 10.0% | 16.1% | 15.9% | 15.1% | 19.9% | 14.7% | 10.9% | 10.1% |
| Net margin | 2.0% | 13.0% | 1.2% | 16.4% | 7.7% | 7.6% | 9.3% | 8.9% | 7.0% | 10.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.5M | $52.3M | $0 | $96.1M | $101.3M | $114.7M | $67.4M | $187.7M | $184.9M | $193.6M | $191.2M | $166.1M |
| Cost of revenue | $53.0M | $54.1M | −$73.0M | $91.2M | $96.9M | $113.4M | $71.8M | −$165.0M | $176.1M | $185.3M | $215.3M | $162.7M |
| Gross profit | −$493,000 | −$1.8M | $46.2M | $4.9M | $4.4M | $1.3M | −$4.4M | $6.4M | $8.8M | $8.3M | −$24.2M | $3.4M |
| Sales, general & admin | $5.0M | $4.7M | $2.5M | $4.4M | $6.0M | $7.4M | $4.7M | $5.2M | — | — | — | — |
| Total operating expenses | −$13.4M | −$14.9M | $25.8M | −$17.6M | −$16.2M | −$14.6M | −$28.1M | −$8.3M | −$15.7M | −$28.0M | −$20.0M | −$21.2M |
| Operating income | $12.9M | $13.1M | $20.3M | $22.5M | $20.6M | $16.0M | $11.6M | $14.6M | $24.4M | $36.2M | −$4.1M | $24.6M |
| Interest income | $234,000 | $62,000 | — | — | $263,000 | $229,000 | — | — | — | — | — | — |
| Interest expense | $14.1M | $13.8M | $23.2M | $22.7M | $21.3M | $18.1M | $18.4M | $21.4M | $21.2M | $18.0M | $16.4M | $15.4M |
| Income before taxes | −$3.8M | −$493,000 | −$2.6M | −$547,000 | $6.2M | −$4.2M | $14.5M | −$7.0M | $2.0M | $18.3M | −$20.6M | $8.7M |
| Income taxes | — | — | $185,000 | $192,000 | −$567,000 | $190,000 | −$494,000 | $592,000 | −$1.2M | $534,000 | $495,000 | $310,000 |
| Net income | −$21.3M | −$30.4M | $2.4M | $80,000 | $5.9M | −$2.8M | $23.4M | −$5.0M | $3.2M | $14.1M | −$15.2M | $6.9M |
| EBITDA | $32.9M | $31.6M | $44.2M | $45.3M | $49.2M | $37.2M | $72.2M | $38.1M | $44.6M | $57.2M | $31.6M | $47.2M |
| EPS (diluted) | $0.14 | −$0.33 | −$0.01 | −$0.04 | $0.05 | −$0.06 | $0.26 | −$0.10 | $0.00 | $0.13 | −$0.27 | $0.06 |
| Gross margin | −0.9% | −3.4% | — | 5.1% | 4.4% | 1.2% | −6.5% | 3.4% | 4.7% | 4.3% | −12.6% | 2.0% |
| Operating margin | 24.6% | 25.1% | — | 23.4% | 20.3% | 13.9% | 17.2% | 7.8% | 13.2% | 18.7% | −2.2% | 14.8% |
| Net margin | −40.5% | −58.1% | — | 0.1% | 5.9% | −2.4% | 34.8% | −2.7% | 1.7% | 7.3% | −8.0% | 4.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AHRT's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AHRT financial results
In fiscal year 2025 (ended December 31, 2025), AH Realty reported revenue of $285.4 million, up 4.0% from the year before. It had net income of $5.6 million (down 84.3%), a net profit margin of 2.0%. Diluted earnings per share came to −$0.06. Over five years revenue grew at an average rate of −5.8% a year.
See the AHRT stock overview for the latest quote and news, or the AHRT chart for price history and technical indicators.
AHRT income statement FAQ
What is AH Realty's annual revenue?
AH Realty reported total revenue of $285.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 4.0% from $274.5 million the previous year.
Is AH Realty profitable?
Yes. AH Realty reported net income of $5.6 million in fiscal 2025, a net profit margin of 2.0%; its operating margin was 27.9%.
What is AH Realty's gross margin?
AH Realty's gross margin was 3.5% in fiscal 2025: for every $100 of revenue, AH Realty kept $3 after the direct cost of its products and services.
How fast is AH Realty growing?
Revenue grew −5.8% a year on average over the last five fiscal years, from $384.3 million to $285.4 million.
What are AH Realty's earnings per share?
AH Realty earned $-0.06 per diluted share in fiscal 2025, compared with $0.29 a year earlier.
When will AH Realty report its next earnings?
AH Realty is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does AH Realty's fiscal year end?
AH Realty's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.