Filing Flows › AH Realty Trust (AHRT) › Q1 2026
AH Realty Trust (AHRT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
AH Realty Trust (AHRT) reported revenue of $52.3M for the first quarter 2026 (Q1 2026), -23% from a year earlier and -31% from the quarter before. Operating margin was 22.2%, net loss $30.4M (58.1% of revenue).
AH Realty Trust, Q1 2026: revenue $52.3M (-23% year over year), operating margin 22.2%, net loss $30.4M, operating cash flow $12.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $52.3M | -31% | -23% |
| Operating profit | $11.6M | -50% | -26% |
| Net earnings | −$30.4M | -1377% | — |
| Operating cash flow | $12.5M | -53% | 117× |
What changed
Revenue was $52.3M in Q1 2026, down 23% year over year and down 31% from the previous quarter.
Operating profit was $11.6M, a 22.2% margin (down 1.0 points year over year). Total costs fell 22% while revenue fell 23%. The quarter ended with a net loss of $30.4M, after a profit of $2.3M the previous quarter. Minority interests bore $7.2M of it: to shareholders the quarter was a loss of $23.2M. Net interest and other expense of $42.0M was the main reason.
Operating cash flow was $12.5M (up 11561% year over year). Non-cash charges added back $13.6M of depreciation and $1.4M of share-based compensation. Working capital and other items added $27.9M.
Questions
What was AH Realty Trust's revenue in the first quarter 2026?
AH Realty Trust (AHRT) reported revenue of $52.3M for the first quarter 2026 (Q1 2026), -23% from a year earlier and -31% from the quarter before.
Was AH Realty Trust profitable in the first quarter 2026?
Operating profit was $11.6M (22.2% of revenue) and net loss $30.4M.
Source: AH Realty Trust 10-Q on SEC EDGAR.