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AH REALTY TRUST INC is a vertically integrated, self-managed real estate investment trust. With over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. The Company also provides general construction and development services to third-party clients, in addition to developing and building properties to be placed in their stabilized portfolio. Founded in 1979 by Daniel A. Hoffler, Armada Hoffler has elected to be taxed as a REIT for U.S. federal income tax purposes. AH REALTY TRUST INC was incorporated in 1979 in Maryland, USA.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $285M | $176M | $6M | $64M | 1.2% | 4.1% | -84.3% |
| 2024 | $274M | $198M | $36M | $82M | 7.1% | 7.9% | 330.1% |
| 2023 | $254M | $152M | $8M | $102M | 2.1% | -46.1% | -88.9% |
| 2022 | $471M | $214M | $75M | $117M | 15.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 285.20 |
| Operating Revenue | 285.20 |
| Cost Of Revenue | 92.01 |
| Gross Profit | 193.19 |
| Operating Expense | 111.43 |
| Selling General And Administration | 20.34 |
| Total Expenses | 203.44 |
| Operating Income | 81.76 |
| Total Operating Income As Reported | 80.86 |
| EBITDA | 175.68 |
| Normalized EBITDA | 171.09 |
| EBIT | 84.16 |
| Interest Income | - |
| Interest Expense | 85.31 |
| Net Interest Income | -85.31 |
| Other Non Operating Income Expenses | -0.06 |
| Other Income Expense | 2.39 |
| Interest Income Non Operating | - |
| Interest Expense Non Operating | 85.31 |
| Net Non Operating Interest Income Expense | -85.31 |
| Pretax Income | -1.15 |
| Tax Provision | - |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0 |
| Net Income Continuous Operations | -1.15 |
| Net Income From Continuing And Discontinued Operation | 5.60 |
| Net Income From Continuing Operation Net Minority Interest | 0.54 |
| Net Income | 5.60 |
| Net Income Common Stockholders | -5.94 |
| Net Income Including Noncontrolling Interests | 3.91 |
| Normalized Income | -4.05 |
| Diluted NI Availto Com Stockholders | -5.94 |
| Basic Average Shares | 80.12 |
| Diluted Average Shares | 80.12 |
| Reconciled Depreciation | 72.46 |
| Reconciled Cost Of Revenue | 111.07 |
| Total Unusual Items | 4.59 |
| Total Unusual Items Excluding Goodwill | 4.59 |
| Preferred Stock Dividends | 11.55 |
| Minority Interests | 1.70 |
| Net Income Discontinuous Operations | 5.06 |
| Special Income Charges | 6.11 |
| Other Special Charges | 0.07 |
| Impairment Of Capital Assets | 0.37 |
| Restructuring And Mergern Acquisition | -6.55 |
| Gain On Sale Of Security | -1.52 |
| Depreciation Amortization Depletion Income Statement | 91.52 |
| Depreciation And Amortization In Income Statement | 91.52 |
| General And Administrative Expense | 20.34 |
| Other Gand A | 20.34 |
| Rent Expense Supplemental | 66.91 |
| Other Operating Expenses | - |
| Provision For Doubtful Accounts | -0.44 |
| Earnings From Equity Interest | -2.14 |
| Depreciation Income Statement | - |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| AH REALTY TRUST INCthis co. | AHRT | $660M | 117.68↑ premium | 1.44 | 1.2% | 12.87 |
| BrightSpire Capital, Inc. | BRSP | $726M | -23.30 | 0.77 | -3.3% | -13935.72 |
| CTO Realty Growth, Inc. | CTO | $678M | 67.19 | 1.20 | 1.8% | 13.39 |
| Redwood Trust, Inc. | RWT | $667M | -9.53 | 0.73 | -7.6% | - |
| Franklin BSP Realty Trust, Inc. | FBRT | $658M |
| - |
| - |
| - |
| - |
| - |
| 8.00 |
| 0.56 |
| 7.0% |
| 50.11 |
| TPG RE Finance Trust, Inc. | TRTX | $653M | 10.83 | 0.61 | 5.6% | - |
| Summit Hotel Properties, Inc. | INN | $645M | - | 0.75 | -2.7% | 9.23 |
| Gladstone Commercial Corporation | GOOD | $616M | 31.92 | 3.58 | 11.2% | 12.18 |
| Industrial Logistics Properties Trust | ILPT | $589M | -8.90 | 1.20 | -13.5% | 15.29 |
| Peer Median | - | 8.00 | 0.76 | -0.5% | 12.78 | |