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AH Realty Trust cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$19.3M in Q3 2026 · $76.4M over twelve months

Operating cash flow$19.3M
Free cash flow+$19.3M

Analysis

In Q3 2026, AH Realty Trust generated $19.3M of operating cash flow. That is $7.0M less than in Q3 2025 ($26.3M).

Over the twelve months to Sep 30, 2026, operating cash flow was $76.4M; the largest uses were net borrowing (+) / repaid (−) ($240M), other investing ($81.5M), dividends ($56.3M); the cash balance fell by $13.1M.

Operating cash flow was $19.3M against net income of −$3.6M. The largest differences: depreciation & amortization +$13.6M, other liabilities +$5.7M, prepaid and other assets −$2.8M.

Free cash flow

AH Realty Trust: free cash flow by quarterAH Realty Trust: free cash flow by quarter$18.1MQ4 2024−$1.6MQ1 2025$11.1MQ2 2025$26.3MQ3 2025$15.4MQ4 2025$12.5MQ1 2026$29.2MQ2 2026$19.3MQ3 2026
Operating cash flow less capital spending.
AH Realty Trust: operating cash flow against capital spendingAH Realty Trust: operating cash flow against capital spendingOperating cash flowCapital spending$20.8M$2.7MQ4 2024$107K$1.7MQ1 2025$11.1M$0Q2 2025$26.3M$0Q3 2025$15.4M$0Q4 2025$12.5M$0Q1 2026$29.2M$0Q2 2026$19.3M$0Q3 2026
Latest (Q3 2026): Operating cash flow $19.3M, Capital spending $0.

Capital allocation, year by year

AH Realty Trust: where the cash came from (up) and went (down), by fiscal yearAH Realty Trust: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $91.2MFY2021: Net borrowing −$26.0MFY2021: Shares issued $51.7MFY2021: Asset sales $85.3MFY2021: Capital spending −$48.6MFY2021: Acquisitions −$73.6MFY2021: Dividends −$58.7M$228MFY2021FY2022: Operating cash flow $117MFY2022: Net borrowing −$45.2MFY2022: Shares issued $65.2MFY2022: Asset sales $252MFY2022: Capital spending −$76.2MFY2022: Acquisitions −$120MFY2022: Dividends −$72.6M$434MFY2022FY2023: Operating cash flow $93.3MFY2023: Net borrowing $222MFY2023: Shares issued −$208KFY2023: Capital spending −$58.8MFY2023: Buybacks −$12.6MFY2023: Dividends −$80.4M$315MFY2023FY2024: Operating cash flow $112MFY2024: Net borrowing $11.9MFY2024: Shares issued $129MFY2024: Capital spending −$29.8MFY2024: Dividends −$83.9M$253MFY2024FY2025: Operating cash flow $64.2MFY2025: Net borrowing $206MFY2025: Shares issued −$134KFY2025: Capital spending −$10.6MFY2025: Dividends −$75.2M$271MFY2025
Over these 5 years operating cash flow totalled $478M; the largest uses were dividends ($371M) and capital spending ($224M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$27.2M
Debt$954M
Net debt$926M
Due within a year$420M

AH Realty Trust funds itself: free cash flow was $76.4M over the last twelve months, and $27.2M of cash and investments stands against $954M of debt ($420M due within a year, 0.1× covered by cash).

AH Realty Trust: debt maturities by year (FY2025)AH Realty Trust: debt maturities by year (FY2025)$420MYear 1$508MYear 2$394MYear 3$59.2MYear 4$47.9MYear 5$96.9MAfter year 5
Principal due in each year as disclosed in the annual report, against $27.2M of cash and investments now.

Where the cash came from and went

AH Realty Trust: sources (+) and uses (−) of cash, Q3 2026AH Realty Trust: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$19.3MDividends−$6.1MBuybacks−$4.9MNot reconciled−$3.5MNet borrowing (+) / repaid (−)−$2.9MCash drawn (+) / kept (−)−$1.2MPartners−$732KOther investing$347KOther financing−$289KTaxes on employees’ shares−$4K
AH Realty Trust: sources (+) and uses (−) of cash, TTM to Q3 2026AH Realty Trust: sources (+) and uses (−) of cash, TTM to Q3 2026Not reconciled$329MNet borrowing (+) / repaid (−)−$240MOther investing−$81.5MOperating cash flow$76.4MDividends−$56.3MBuybacks−$38.3MCash drawn (+) / kept (−)$13.1MPartners−$1.3MTaxes on employees’ shares−$367KShares issued−$236K

From profit to cash

AH Realty Trust: net income to operating cash flow, Q3 2026AH Realty Trust: net income to operating cash flow, Q3 2026Net income−$3.6MDepreciation & amortization$13.6MStock-based pay$1.4MPrepaid and other assets−$2.8MOther liabilities$5.7MOperating cash flow$19.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$19.3M—−$4.9M−$6.1M−$2.9M—−$1.2M$19.3M
Q2 2026$29.2M—−$12.4M−$16.5M−$243M−$42K$6.0M$29.2M
Q1 2026$12.5M—−$21.0M−$27.7M−$31.1M−$154K$12.7M$12.5M
Q4 2025$15.4M——−$6.0M$36.8M−$40K−$4.4M$15.4M
Q3 2025$26.3M——−$28.4M$105M−$28K$4.8M$26.3M
Q2 2025$11.1M——−$17.2M$40.8M−$52K−$6.0M$11.1M
Q1 2025$107K−$1.7M—−$23.7M$24.0M−$14K$23.7M−$1.6M
Q4 2024$20.8M−$2.7M—−$21.5M−$57.5M−$53K−$26.5M$18.1M

AH Realty Trust: income statement and cash flow

AH Realty Trust, Q3 2026: revenue $52.3M (-28% year over year), operating margin 22.4%. The chart follows the revenue to costs, profit and cash.

AH Realty Trust: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.