AH Realty Trust, Inc. (AHRT) Key Metrics
AHRT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $572.6M
- Enterprise value
- $1.74B
- P/E (TTM)
- — 10-yr median 35.1
- Forward P/E
- 39.5
- PEG ratio
- —
- Price / sales
- 2.0 10-yr median 2.2
- Price / book
- 1.2 10-yr median 2.1
- EV / EBITDA
- 10.0 10-yr median 14.5
- Dividend yield
- 7.30% $0.56 a year
- Beta
- 1.12
AHRT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAHRT valuation Price multiples at each fiscal year-end price.
AHRT returns How much profit the business earns on the capital it uses.
AHRT per-share figures Results divided by the shares outstanding at year-end.
AHRT financial health Debt, liquidity and how easily interest is covered.
AHRT efficiency & capital use Working capital cycle and where the cash goes.
AHRT valuation history
AHRT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AHRT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AHRT cash returned to shareholders
AHRT price vs earnings per share
AHRT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $530.7M | $815.3M | $1.09B | $1.02B | $1.27B | $643.2M | $974.7M | $668.0M | $658.8M | $481.6M |
| Enterprise value | $2.28B | $2.36B | $2.74B | $2.22B | $2.34B | $1.71B | $2.04B | $1.36B | $1.18B | $1.01B |
| P/E ratio | 94.7 | 22.9 | 131.9 | 13.6 | 58.2 | 22.1 | 40.5 | 38.8 | 31.3 | 17.2 |
| Price / sales | 1.9 | 3.0 | 1.6 | 2.2 | 4.5 | 1.7 | 3.8 | 3.5 | 2.2 | 1.9 |
| Price / book | 0.8 | 1.2 | 1.9 | 1.6 | 2.3 | 1.2 | 2.4 | 2.4 | 2.9 | 3.3 |
| Price / free cash flow | 31.9 | 16.2 | 16.2 | 10.3 | 16.9 | 8.0 | 20.5 | 15.2 | 14.4 | 9.1 |
| Price / operating cash flow | 8.4 | 10.1 | 11.9 | 8.8 | 14.0 | 7.1 | 14.5 | 12.0 | 11.4 | 8.1 |
| EV / sales | 8.0 | 8.6 | 4.1 | 4.9 | 8.2 | 4.4 | 7.9 | 7.1 | 3.9 | 3.9 |
| EV / EBITDA | 13.1 | 11.9 | 17.1 | 10.6 | 18.1 | 15.1 | 20.0 | 17.6 | 13.8 | 10.6 |
| EV / free cash flow | 137.0 | 46.9 | 40.6 | 22.5 | 31.2 | 21.2 | 42.8 | 31.0 | 25.8 | 19.0 |
| Earnings yield | 1.1% | 4.4% | 0.8% | 7.4% | 1.7% | 4.5% | 2.5% | 2.6% | 3.2% | 5.8% |
| Free cash flow yield | 3.1% | 6.2% | 6.2% | 9.7% | 5.9% | 12.5% | 4.9% | 6.6% | 6.9% | 11.0% |
| Dividend yield | 14.2% | 10.3% | 7.4% | 7.1% | 4.6% | 7.4% | 6.3% | 7.6% | 6.6% | 7.0% |
| Shareholder yield (dividends + buybacks) | 14.2% | 10.3% | 8.6% | 7.2% | 4.8% | 7.8% | 6.3% | 8.0% | 7.4% | 7.0% |
| Share price at fiscal year-end | $6.62 | $10.23 | $12.37 | $11.50 | $15.22 | $11.22 | $18.35 | $14.06 | $15.53 | $14.57 |
| Per share | ||||||||||
| Revenue per share | $3.56 | $3.44 | $7.56 | $5.15 | $3.40 | $6.70 | $4.86 | $4.07 | $7.14 | $7.82 |
| Earnings per share | $0.07 | $0.45 | $0.09 | $0.85 | $0.26 | $0.51 | $0.45 | $0.36 | $0.50 | $0.85 |
| Operating cash flow per share | $0.78 | $1.01 | $1.04 | $1.31 | $1.08 | $1.58 | $1.27 | $1.17 | $1.37 | $1.81 |
| Free cash flow per share | $0.21 | $0.63 | $0.76 | $1.12 | $0.90 | $1.40 | $0.90 | $0.93 | $1.08 | $1.61 |
| Cash per share | $0.65 | $0.42 | $0.34 | $0.59 | $0.48 | $0.88 | $0.82 | $0.51 | $0.54 | $0.76 |
| Book value per share | $7.83 | $8.41 | $6.48 | $7.33 | $6.64 | $9.13 | $7.69 | $5.76 | $5.34 | $4.48 |
| Tangible book value per share | $6.86 | $7.29 | $5.25 | $6.15 | $5.90 | $8.05 | $5.05 | $5.07 | $4.54 | $4.34 |
| Dividends per share | $0.94 | $1.05 | $0.91 | $0.82 | $0.70 | $0.83 | $1.16 | $1.07 | $1.03 | $1.02 |
| Capex per share | $0.58 | $0.38 | $0.28 | $0.19 | $0.19 | $0.18 | $0.37 | $0.25 | $0.29 | $0.20 |
| Debt per share | $22.43 | $19.76 | $19.00 | $14.25 | $13.26 | $19.42 | $20.84 | $15.15 | $12.85 | $16.74 |
| Shares outstanding | 80.2M | 79.7M | 88.3M | 88.3M | 83.6M | 57.3M | 53.1M | 47.5M | 42.4M | 33.1M |
| Change in shares outstanding | +0.6% | −9.8% | +0.0% | +5.6% | +45.9% | +7.9% | +11.8% | +12.0% | +28.3% | +27.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 0.9% | 5.7% | 1.4% | 12.4% | 4.1% | 6.3% | 7.0% | 6.9% | 11.2% | 28.4% |
| Return on invested capital (ROIC) | 2.7% | 3.9% | 2.8% | 4.2% | 2.8% | 3.8% | 4.2% | 3.3% | 4.5% | 4.8% |
| Return on assets (ROA) | 0.2% | 1.4% | 0.3% | 3.6% | 1.1% | 1.6% | 1.6% | 1.5% | 2.1% | 3.4% |
| Return on tangible assets | 0.2% | 1.5% | 0.3% | 3.5% | 1.2% | 1.6% | 1.4% | 1.4% | 2.1% | 2.9% |
| Free cash flow margin | 5.8% | 18.3% | 10.1% | 21.8% | 26.4% | 21.0% | 18.5% | 22.7% | 15.1% | 20.5% |
| Income quality (OCF / net income) | 11.22 | 2.26 | 11.13 | 1.55 | 4.14 | 3.11 | 2.80 | 3.24 | 2.76 | 2.13 |
| Financial health | ||||||||||
| Total debt | $1.80B | $1.57B | $1.68B | $1.26B | $1.11B | $1.11B | $1.11B | $719.6M | $544.9M | $553.3M |
| Cash & short-term investments | $52.4M | $33.5M | $30.2M | $51.9M | $40.4M | $50.4M | $43.6M | $24.1M | $22.9M | $25.2M |
| Net debt | $1.75B | $1.54B | $1.65B | $1.21B | $1.07B | $1.06B | $1.06B | $695.5M | $522.0M | $528.1M |
| Debt / equity | 2.86 | 2.35 | 2.93 | 1.94 | 2.00 | 2.13 | 2.71 | 2.63 | 2.40 | 3.73 |
| Debt / assets | 0.69 | 0.63 | 0.65 | 0.56 | 0.57 | 0.58 | 0.61 | 0.57 | 0.52 | 0.56 |
| Net debt / EBITDA | 10.01 | 7.80 | 10.26 | 5.74 | 8.28 | 9.44 | 10.42 | 8.98 | 6.11 | 5.57 |
| Current ratio | 0.58 | 1.60 | 2.30 | 18.80 | 5.76 | 2.33 | 20.01 | 13.26 | 1.87 | 3.08 |
| Quick ratio | 0.58 | 1.60 | 2.30 | 18.80 | 5.76 | 2.33 | 20.01 | 13.26 | 1.87 | 3.08 |
| Interest coverage | 1.0 | 1.1 | 1.2 | 2.0 | 1.3 | 1.9 | 1.6 | 2.0 | 1.9 | 1.6 |
| Working capital | −$176.8M | $82.2M | $96.1M | $215.0M | $162.3M | $144.2M | $249.6M | $183.0M | $67.9M | $94.0M |
| Invested capital | $2.37B | $2.21B | $2.22B | $1.85B | $1.62B | $1.59B | $1.47B | $969.4M | $748.7M | $676.2M |
| Tangible asset value | $751.6M | $799.9M | $696.0M | $800.1M | $717.8M | $695.3M | $515.2M | $423.1M | $386.2M | $344.2M |
| Net current asset value | −$1.52B | −$1.40B | −$1.59B | −$1.11B | −$961.8M | −$907.3M | −$886.7M | −$611.6M | −$477.2M | −$494.3M |
| Graham number | $3.51 | $9.20 | $3.70 | $11.81 | $6.25 | $10.22 | $8.85 | $6.85 | $7.72 | $9.25 |
| Graham net-net per share | −$19.57 | −$17.41 | −$17.29 | −$12.47 | −$11.80 | −$16.71 | −$17.72 | −$13.79 | −$11.97 | −$15.81 |
| Capital allocation | ||||||||||
| Dividends paid | $75.2M | $83.9M | $80.4M | $72.6M | $58.7M | $47.6M | $61.5M | $50.9M | $43.6M | $33.8M |
| Share buybacks (net) | $149,000 | $205,000 | $13.5M | $130,000 | $2.9M | $2.7M | — | $2.6M | $5.2M | $58,000 |
| Dividend payout ratio | — | 235.4% | 970.2% | 97.1% | 268.2% | 163.3% | 255.7% | 295.9% | 207.2% | 120.5% |
| Dividends + buybacks / free cash flow | 453.6% | 167.4% | 139.1% | 73.4% | 82.1% | 62.5% | 129.1% | 121.7% | 106.6% | 63.9% |
| Capex / revenue | 16.2% | 11.0% | 3.7% | 3.8% | 5.4% | 2.6% | 7.6% | 6.1% | 4.0% | 2.6% |
| Capex / operating cash flow | 73.6% | 37.5% | 26.7% | 14.7% | 17.1% | 11.1% | 29.3% | 21.1% | 21.1% | 11.2% |
| Capex / depreciation | 0.50 | 0.33 | 0.25 | 0.23 | 0.22 | 0.22 | 0.51 | 0.29 | 0.33 | 0.19 |
| Stock-based compensation / revenue | 2.4% | 1.9% | 0.6% | 0.7% | 0.8% | — | — | — | — | — |
| SG&A / revenue | 7.1% | 7.4% | 2.7% | 3.4% | 5.1% | — | — | — | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 297.3 | 356.6 | 140.1 | 168.7 | 241.3 | 200.2 | 278.1 | 279.9 | 142.7 | 127.5 |
| Days payables outstanding | 121.6 | 205.9 | 75.8 | 73.7 | 74.7 | — | — | — | — | — |
| Cash conversion cycle (days) | 175.7 | 150.6 | 64.3 | 95.0 | 166.6 | — | — | — | — | — |
| Receivables turnover | 1.23 | 1.02 | 2.61 | 2.16 | 1.51 | 1.82 | 1.31 | 1.30 | 2.56 | 2.86 |
| Payables turnover | 3.00 | 1.77 | 4.81 | 4.95 | 4.88 | — | — | — | — | — |
| Asset turnover | 0.11 | 0.11 | 0.28 | 0.22 | 0.15 | 0.21 | 0.17 | 0.17 | 0.30 | 0.31 |
| Average receivables | $232.5M | $268.2M | $256.3M | $210.3M | $188.3M | $210.8M | $196.5M | $148.3M | $118.4M | $90.2M |
| Average payables | $91.8M | $151.3M | $139.8M | $90.5M | $60.8M | — | — | — | — | — |
| Intangibles / total assets | 3.0% | 3.6% | 4.3% | 4.6% | 3.2% | 3.2% | 7.8% | 2.6% | 3.3% | 0.5% |
Computed from AHRT's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AHRT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), AH Realty traded at 94.7 times earnings, against a 10-year median of 35.1. AH Realty earned a return on equity of 0.9% and a return on invested capital of 2.7% in fiscal 2025. It ended the year with $1.8 billion of debt and $52.4 million in cash and short-term investments, net debt of $1.7 billion. It returned $75.4 million to shareholders: $75.2 million in dividends and $0.1 million in share buybacks, 454% of free cash flow. The share count rose 142.5% from 33.1M to 80.2M over 9 years.
See the AHRT income statement, the AHRT chart for price history, or the AHRT stock overview for the latest quote and news.
AHRT key metrics FAQ
What is AH Realty's P/E ratio?
AH Realty traded at 94.7 times earnings at the end of fiscal 2025.
What is AH Realty's EV/EBITDA?
AH Realty's enterprise value was 13.1 times EBITDA at the end of fiscal 2025 (enterprise value $2.3 billion, EBITDA $174.4 million); the current EV/EBITDA is 10.0.
What is AH Realty's return on equity?
AH Realty's return on equity (ROE) was 0.9% in fiscal 2025: net income of $5.6 million on average shareholders' equity of $649.2 million.
What is AH Realty's ROIC?
AH Realty's return on invested capital was 2.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does AH Realty have?
AH Realty had total debt of $1.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.86 and $1.7 billion of net debt (10.01 times EBITDA).
What is AH Realty's dividend yield?
AH Realty's forward dividend yield is 7.30%. AH Realty paid $75.2 million in dividends in fiscal 2025 ($0.94 per share), a payout ratio of —.
Does AH Realty buy back its shares?
Yes. AH Realty spent $0.1 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.6% over the year, to 80.2M..
What is AH Realty's free cash flow yield?
AH Realty generated $16.6 million of free cash flow in fiscal 2025, a free cash flow yield of 3.1% on its market value at year-end ($530.7 million).
What is AH Realty's current ratio?
AH Realty's current ratio was 0.58 at the end of fiscal 2025: current assets were 0.58 times current liabilities.