AH Realty Trust, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 4, 2026, reporting a net loss of $55.023 million for the nine months ended September 30, 2026.

Key Highlights

  • Net loss of $55.023 million for the nine months ended September 30, 2026, compared to net income of $1.635 million in the same period of 2025, according to the filing.
  • Discontinued operations loss of $50.495 million (net of taxes) for the nine months ended September 30, 2026, drove the majority of the period's net loss.
  • Total assets declined to $1.917 billion as of September 30, 2026, from $2.597 billion as of December 31, 2025, reflecting a reduction in assets of discontinued operations held for sale from $800.536 million to $181.977 million.
  • Indebtedness, net, fell to $953.533 million as of September 30, 2026, from $1.284 billion at December 31, 2025.
  • Net loss per common share (basic and diluted) was $0.65 for the nine months ended September 30, 2026, versus a loss of $0.07 in the comparable prior-year period.
  • Dividends and distributions declared per common share and unit were $0.42 for the nine months ended September 30, 2026, unchanged from the prior-year period.
  • Common shares outstanding were 73,809,822 as of September 30, 2026, down from 80,166,778 as of December 31, 2025.

AH Realty Trust Reports Continuing and Discontinued Operations Results for the Nine Months Ended September 30, 2026

According to the filing, AH Realty Trust, Inc. (NYSE:AHRT), a Maryland-incorporated real estate investment trust headquartered in Virginia Beach, Virginia, reported total revenues of $157.188 million for the nine months ended September 30, 2026, up from $154.010 million in the same period of 2025, with all revenue derived from rental revenues. Total expenses for the nine-month period were $123.199 million, compared to $118.629 million in the prior-year period, with depreciation and amortization of $54.389 million representing the largest single expense category. The company also recorded impairment charges of $1.894 million for the nine months ended September 30, 2026, compared to $295 thousand in the same period of 2025.

The filing disclosed a loss from continuing operations of $4.528 million for the nine months ended September 30, 2026, compared to a loss of $5.170 million in the same period of 2025. The significantly larger overall net loss was driven by discontinued operations, which generated a net loss of $50.495 million (net of taxes) for the nine months ended September 30, 2026, compared to income of $6.805 million in the prior-year period. For the three months ended September 30, 2026, net loss totaled $3.606 million, versus a net loss of $739 thousand in the third quarter of 2025.

As of September 30, 2026, the company reported total equity of $693.002 million, down from $829.192 million at December 31, 2025. Total stockholders' equity was $512.113 million, with distributions in excess of earnings widening to $350.513 million from $269.484 million at year-end 2025. The operating partnership subsidiary, AH Realty Trust, LP, had 24,830,394 units of limited partnership interest outstanding as of October 30, 2026, according to the filing. Preferred stock outstanding consisted of 6,843,418 shares of 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, with preferred stock dividends of $8.661 million recorded for the nine-month period.

What Was Disclosed

AH Realty Trust filed a quarterly report covering the period ended September 30, 2026, disclosing a nine-month net loss of $55.023 million, a substantial reduction in total assets to $1.917 billion, lower indebtedness, and ongoing activity in discontinued operations that accounted for the majority of the period's losses.