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AH Realty Trust (AHRT) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 6, 2026

AH Realty Trust (AHRT) reported revenue of $52.5M for the second quarter 2026 (Q2 2026), -24% from a year earlier and +0.4% from the quarter before. Operating margin was 18.6%, net loss $21.0M (40.0% of revenue).

Revenue$52.5M
Year over year-24%
Quarter over quarter+0.4%
Operating margin18.6%
Net earnings−$21.0M

AH Realty Trust, Q2 2026: revenue $52.5M (-24% year over year), operating margin 18.6%, net loss $21.0M, operating cash flow $29.2M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$52.5M+0.4%-24%
Operating profit$9.8M-16%-52%
Net earnings−$21.0M—-454%
Operating cash flow$29.2M+134%+163%

What changed

Revenue was $52.5M in Q2 2026, down 24% year over year and roughly flat from the previous quarter.

Operating profit was $9.8M, a 18.6% margin (down 11.0 points year over year). Total costs fell 12% while revenue fell 24%. The fastest-growing cost line was General & admin (+19%). The quarter ended with a net loss of $21.0M, narrower than the previous quarter's $30.4M loss. Minority interests bore $5.4M of it: to shareholders the quarter was a loss of $15.7M. Net interest and other expense of $30.8M was the main reason.

Operating cash flow was $29.2M (up 163% year over year). Non-cash charges added back $13.4M of depreciation and $1.4M of share-based compensation. Working capital and other items added $35.5M.

Questions

What was AH Realty Trust's revenue in the second quarter 2026?

AH Realty Trust (AHRT) reported revenue of $52.5M for the second quarter 2026 (Q2 2026), -24% from a year earlier and +0.4% from the quarter before.

Was AH Realty Trust profitable in the second quarter 2026?

Operating profit was $9.8M (18.6% of revenue) and net loss $21.0M.

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Source: AH Realty Trust 10-Q on SEC EDGAR.