v3.26.1
Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Rental revenues $ 52,548 $ 50,720 $ 104,865 $ 100,902
Total revenues 52,548 50,720 104,865 100,902
Expenses        
Rental expenses 12,440 11,129 25,297 22,498
Real estate taxes 4,797 5,056 9,532 9,773
Depreciation and amortization 17,902 16,661 36,143 35,691
General and administrative expenses 5,002 4,220 9,718 11,375
Acquisition, development, and other pursuit costs 16 29 16 83
Impairment charges 1,894 0 1,894 0
Total expenses 42,051 37,095 82,600 79,420
Loss on real estate dispositions, net (713) 0 (854) 0
Operating income 9,784 13,625 21,411 21,482
Interest income 234 263 296 492
Interest expense (14,122) (15,282) (27,904) (27,719)
Equity in income (loss) of unconsolidated real estate entities 334 179 577 (1,236)
Gain on consolidation of real estate entities 0 3,920 0 3,920
Loss on extinguishment of debt (523) 0 (523) 0
Change in fair value of derivatives and other 618 688 1,962 (61)
Unrealized credit loss (provision) release (96) 242 (96) 242
Other income (expense), net 3 3 16 (86)
(Loss) income from continuing operations (3,768) 3,638 (4,261) (2,966)
(Loss) income from discontinued operations (14,271) 2,512 (43,797) 4,963
Income tax provision from discontinued operations (2,996) 567 (3,359) 377
Loss from discontinued operations, net of tax (17,267) 3,079 (47,156) 5,340
Net (loss) income (21,035) 6,717 (51,417) 2,374
Net loss (income) attributable to noncontrolling interests:        
Investment entities (243) 77 (265) 80
Operating Partnership 5,602 (845) 12,842 690
Net (loss) income attributable to AH Realty Trust, Inc. (15,676) 5,949 (38,840) 3,144
Preferred stock dividends (2,887) (2,887) (5,774) (5,774)
Net (loss) income attributable to common stockholders $ (18,563) $ 3,062 $ (44,614) $ (2,630)
Net (loss) income attributable to common stockholders from continuing operations per share (basic) (in dollars per share) $ (0.07) $ 0.01 $ (0.10) $ (0.09)
Net (loss) income attributable to common stockholders from continuing operations per share (diluted) (in dollars per share) (0.07) 0.01 (0.10) (0.09)
Net (loss) income attributable to common stockholders from discontinued operations per share (basic) (in dollars per share) (0.18) 0.03 (0.48) 0.06
Net (loss) income attributable to common stockholders from discontinued operations per share (diluted) (in dollars per share) (0.18) 0.03 (0.48) 0.06
Net (loss) attributable to common stockholders per share (basic) (in dollars per share) (0.25) 0.04 (0.58) (0.03)
Net (loss) attributable to common stockholders per share (diluted) (in dollars per share) $ (0.25) $ 0.04 $ (0.58) $ (0.03)
Weighted-average common shares outstanding (basic) (in shares) 75,291 80,154 77,553 80,073
Weighted-average common shares outstanding (diluted) (in shares) 75,291 80,154 77,553 80,073
Dividends and distributions declared per common share and unit (in dollars per share) $ 0.14 $ 0.14 $ 0.28 $ 0.28
Comprehensive (loss) income:        
Net (loss) income $ (21,035) $ 6,717 $ (51,417) $ 2,374
Unrealized cash flow hedge gains (losses) 409 (366) 1,050 (1,416)
Realized cash flow hedge gains reclassified to net loss (423) (311) (865) (624)
Comprehensive (loss) income (21,049) 6,040 (51,232) 334
Comprehensive (loss) income attributable to AH Realty Trust, Inc. (15,687) 5,397 (38,695) 1,486
Investment entities        
Expenses        
Net (loss) income 243 (77)    
Comprehensive (loss) income:        
Net (loss) income 243 (77)    
Realized cash flow hedge gains reclassified to net loss   30    
Comprehensive loss (income) attributable to noncontrolling interests: (243) 50 (265) 12
Operating Partnership        
Expenses        
Net (loss) income (5,602) 845    
Comprehensive (loss) income:        
Net (loss) income (5,602) 845    
Unrealized cash flow hedge gains (losses) 95 (79)    
Realized cash flow hedge gains reclassified to net loss (98) (76)    
Comprehensive loss (income) attributable to noncontrolling interests: $ 5,605 $ (693) $ 12,802 $ 1,140