Filing Flows › AH Realty Trust (AHRT) › Q1 2025
AH Realty Trust (AHRT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
AH Realty Trust (AHRT) reported revenue of $67.8M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +0.7% from the quarter before. Operating margin was 23.2%, net loss $4.3M (6.4% of revenue).
AH Realty Trust, Q1 2025: revenue $67.8M (+2% year over year), operating margin 23.2%, net loss $4.3M, operating cash flow $107K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $67.8M | +0.7% | +2% |
| Operating profit | $15.8M | — | — |
| Net earnings | −$4.3M | — | — |
| Operating cash flow | $107K | -99% | -100% |
What changed
Revenue was $67.8M in Q1 2025, up 2% year over year and up 1% from the previous quarter.
Operating profit was $15.8M, a 23.2% margin (down 5.8 points year over year). Operating profit fell $3.4M even though revenue rose $1.6M versus a year earlier, so costs grew faster than sales. The fastest-growing cost line was Other operating costs (+95%). The quarter ended with a net loss of $4.3M, after a profit of $29.0M the previous quarter. Minority interests bore $1.5M of it: to shareholders the quarter was a loss of $2.8M. Net interest and other expense of $19.9M was the main reason.
Operating cash flow was $107K (down 100% year over year). Non-cash charges added back $18.5M of depreciation and $3.5M of share-based compensation. Working capital and other items used $17.5M. Capital expenditures of $1.7M exceeded it, leaving free cash flow of −$1.6M.
Questions
What was AH Realty Trust's revenue in the first quarter 2025?
AH Realty Trust (AHRT) reported revenue of $67.8M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +0.7% from the quarter before.
Was AH Realty Trust profitable in the first quarter 2025?
Operating profit was $15.8M (23.2% of revenue) and net loss $4.3M.
Source: AH Realty Trust 10-Q on SEC EDGAR.