AH REALTY TRUST (AHRT) Stock Overview
A vertically integrated, self-managed real estate investment trust. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
AHRT Community Fair Values
Create NarrativeSee what 19 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
AH REALTY TRUST INC Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$6.82 |
| 52 Week High | US$7.71 |
| 52 Week Low | US$5.13 |
| Beta | 1.08 |
| 1 Month Change | 10.18% |
| 3 Month Change | 9.12% |
| 1 Year Change | -2.43% |
| 3 Year Change | -38.28% |
| 5 Year Change | -49.14% |
| Change since IPO | -41.11% |
Recent News & Updates
Narrative Update • May 23
AHRT: Same Store Income And Funding Clarity Will Drive Bearish Outlook
Analysts have reduced the AH REALTY TRUST price target by $0.50 to $7.00, citing a need for stronger same-store net operating income growth relative to peers and more detailed plans for funding and external growth. Analyst Commentary Recent research on AH REALTY TRUST points to a more cautious tone, with some analysts trimming price targets and highlighting execution risks around income growth and capital deployment.Seeking Alpha • May 07
AH Realty Trust: 7.95% Yielding Preferred Stock Is Increasingly Attractive
Summary AH Realty Trust delivers strong preferred dividend coverage, with only 17%-20% of pre-dividend FFO required for payouts. Applying reasonable NOI yields, AHRT's NAV per share is estimated near $10, well above current market pricing. The Series A preferred shares offer a compelling 7.95% yield, with cumulative, well-covered dividends and a significant common equity cushion. Monetizing the multifamily portfolio and potential dividend cuts could further strengthen AHRT’s balance sheet and investment case. Read the full article on Seeking AlphaRecent updates
Narrative Update • May 23
AHRT: Same Store Income And Funding Clarity Will Drive Bearish Outlook
Analysts have reduced the AH REALTY TRUST price target by $0.50 to $7.00, citing a need for stronger same-store net operating income growth relative to peers and more detailed plans for funding and external growth. Analyst Commentary Recent research on AH REALTY TRUST points to a more cautious tone, with some analysts trimming price targets and highlighting execution risks around income growth and capital deployment.Seeking Alpha • May 07
AH Realty Trust: 7.95% Yielding Preferred Stock Is Increasingly Attractive
Summary AH Realty Trust delivers strong preferred dividend coverage, with only 17%-20% of pre-dividend FFO required for payouts. Applying reasonable NOI yields, AHRT's NAV per share is estimated near $10, well above current market pricing. The Series A preferred shares offer a compelling 7.95% yield, with cumulative, well-covered dividends and a significant common equity cushion. Monetizing the multifamily portfolio and potential dividend cuts could further strengthen AHRT’s balance sheet and investment case. Read the full article on Seeking AlphaNarrative Update • Apr 20
AHRT: Rebrand And Funding Clarity Will Shape Future Confidence And Execution Risk
The analyst price target for AH REALTY TRUST has been trimmed by $0.50 to $7, as analysts point to lower expectations for same store net operating income growth relative to peers, reduced profit margin assumptions, and a desire for clearer visibility into funding and external growth, even as the fair value estimate remains unchanged at $6 and the assumed future P/E rises. Analyst Commentary Bearish analysts trimming the AH REALTY TRUST price target to $7 from $7.50 are signaling that they want more proof that the current valuation is backed by consistent operational delivery and a clearer funding plan.
Narrative Update • Apr 06
AHRT: Future Same Store NOI And Funding Clarity Could Unlock Rerating Potential
Analysts have trimmed their price target on AH Realty Trust by $0.50 to $7, citing a desire to see same store net operating income growth more in line with peers and clearer visibility on funding and external growth before becoming more positive. Analyst Commentary Recent research on AH Realty Trust highlights a mixed but constructive backdrop, with some firms calling for more evidence on execution, while others across the broader real estate and healthcare REIT space point to supportive readthroughs on valuation and growth potential.Narrative Update • Mar 22
AHRT: Future Same Store NOI Execution Will Likely Drive Rerating Potential
Analysts cut AH Realty Trust's fair value estimate from $10.50 to $9.00 and lowered the price target to $9, citing more conservative revenue assumptions, a slightly higher discount rate, and a lower future P/E multiple, even though projected profit margins are higher. Analyst Commentary Recent Street research around AH Realty Trust and comparable healthcare focused REITs gives you a sense of how sentiment is splitting between caution and optimism.Narrative Update • Mar 08
AHRT: Earnings Beat And Rebrand Will Shape Future Market Confidence
Analysts have trimmed their price target on AH REALTY TRUST to $9 from $10.50, citing updated assumptions around fair value, discount rate, revenue trends, profit margins, and a lower expected future P/E multiple. Analyst Commentary Bearish analysts are signaling a more cautious stance on AH REALTY TRUST, even as recent results have come in ahead of expectations.
Narrative Update • Feb 17
AHH: Strong Q4 FFO Execution Will Support Future Margin Expansion
Analysts have trimmed their average price target on Armada Hoffler Properties to $9, down from $10.50, citing recent revisions to fair value estimates, updated discount rate assumptions, and a shift to a lower projected future P/E multiple, despite stronger profit margin expectations. Analyst Commentary Analysts are recalibrating their views on Armada Hoffler Properties around the updated US$9 price target, with recent earnings and valuation work driving both optimism and caution.Narrative Update • Jan 06
AHH: High Office Lease Occupancy Will Support Earnings Despite Sector Reset
Analysts have trimmed their price target for Armada Hoffler Properties to US$7 from US$8, citing a broader reset of U.S. Real Estate and REIT valuations as they refresh their coverage models. Analyst Commentary Analysts are framing the lower US$7 price target as part of a broader reset across U.S. Real Estate and REIT names, rather than a company specific call.Narrative Update • Dec 17
AHH: Office Lease Momentum Will Support Future Earnings Despite Lower Street Expectations
Analysts have trimmed their price target on Armada Hoffler Properties to $7.00 from $8.00, reflecting a modestly lower valuation amid a broader reset of U.S. real estate and REIT assumptions. Analyst Commentary Bullish Takeaways Bullish analysts note that the Sector Perform rating signals expectations for Armada Hoffler Properties to track broader REIT peers despite the reduced price target.Narrative Update • Dec 03
AHH: Office Lease Strength Will Support Future Earnings And Undervalued Upside Potential
Analysts trimmed their price target on Armada Hoffler Properties by $1, to $7 from $8, citing a sector wide reset of U.S. real estate and REIT valuation assumptions despite only modest changes to the company’s long term fair value and earnings outlook. Analyst Commentary Recent research updates suggest that the revised price target reflects a recalibration of sector wide assumptions rather than a company specific deterioration in fundamentals.Narrative Update • Nov 19
AHH: Office Lease Momentum Will Support Near-Term Earnings Stability
Analysts have lowered their price target for Armada Hoffler Properties from $8 to $7 per share, citing updated models that reflect softer projected revenue growth and slightly reduced profit margins. Analyst Commentary Recent updates from research analysts have led to a reduction in the price target for Armada Hoffler Properties.
New Narrative • Apr 30
T Rowe Price HQ Will Offer Promise Though Challenges Remain
Strategic asset sales and leasing improvements are set to enhance margins, support investments, and boost earnings through renewed profitability in key sectors.Seeking Alpha • Apr 13
Armada Hoffler: Very Cheap And A Hefty 8%+ Yield
Summary Armada Hoffler Properties is a REIT with high-quality, diversified properties, maintaining a strong 96% occupancy rate and positive re-leasing spreads. Despite recent share price declines and headwinds from interest rates and share dilution, AHH's long-term outlook remains positive, with potential FFO growth in 2026. Trading at a low 6.4x FFO and offering an 8% dividend yield, AHH presents a compelling investment opportunity for long-term investors. The current valuation is historically low, making it an attractive entry point, especially with a sustainable dividend payout ratio in the 50% range. Read the full article on Seeking AlphaSeeking Alpha • Mar 12
Armada Hoffler Properties: A REIT, A Real Intelligent Investment Today
Summary I rate Armada Hoffler Properties a buy because the stock is selling at a large discount to NAV. The equity dilution and high leverage even for a REIT does not justify the current market price. Investors can earn a nice return on the dividend while they wait for the market to realize the value of AHH’s assets. AHH has strong assets that have been through market cycles with over 40-years of experience. Read the full article on Seeking AlphaSeeking Alpha • Mar 04
Armada Hoffler: High Yield Spells Big Opportunity
Summary Armada Hoffler Properties is a diversified REIT with strong fundamentals, trading near its 52-week low and offering an attractive 8.9% dividend yield. AHH's robust leasing activity, high occupancy rates, and strategic portfolio recycling highlight its solid performance. Its P/FFO is significantly below its historical average, indicating that near-term headwinds are already priced in. AHH presents a compelling buy-the-drop opportunity for value and high-yield investors, with potential for strong future gains as results normalize. Read the full article on Seeking AlphaSeeking Alpha • Feb 23
Armada Hoffler Properties: Catching A Falling Knife Or Diamond? I'm Still Long
Summary Since my first article on Armada Hoffler Properties back in mid-2024, the total return level has landed at negative ~20%. The key driver for this performance has been the equity dilution event. Now, the business trades at an even lower multiple and has a more de-risked balance sheet. In this article, I discuss why I remain long on AHH stock. Read the full article on Seeking AlphaSeeking Alpha • Jan 15
Armada Hoffler: I'm Expanding My Position Before The Market Catches On
Summary Armada Hoffler focuses on A-class multifamily, office, and retail assets, primarily in the Greater Baltimore/Washington D.C. area, enhancing returns through development and construction. Deleveraging efforts combined with a strong portfolio should make AHH even more resilient going into the future. With new assets coming online as we speak and shares trading at depressed levels, you get paid a well-covered 8.5% dividend yield while you wait for a mean reversion. Read the full article on Seeking AlphaSeeking Alpha • Nov 19
Armada Hoffler: Resilient 7.4% Yield With Upside Potential
Summary Armada Hoffler Properties offers a diversified, high-quality portfolio with strong occupancy rates and resilient performance, despite market bearishness and office sector headwinds. Recent developments, including the Southern Post property and T. Rowe Price headquarters, position AHH for future growth, supported by robust leasing spreads and FFO growth. With a 7.4% dividend yield, well-covered payout, and discounted valuation at 8.8x forward P/FFO, AHH presents significant income and upside potential. Risk-conscious investors may consider AHH’s Preferred Series A stock for a 7.5% yield and a significant discount to par value. Read the full article on Seeking AlphaSeeking Alpha • Nov 12
Indebtedness Warrants A Hold For Armada Hoffler
Summary Armada Hoffler offers a 7% dividend yield, but is troubled by near-term debt maturities and uncertain dividend growth prospects. Despite revenue and FFO growth, AHH's dividends haven't fully recovered post-pandemic, as management prioritized reinvestment over immediate dividend restoration. Overall, the commercial real estate portfolio is historically sound, and the company smartly leverages its expertise to earn additional revenues. Because of this mixed picture, the current yield seems a fair one for income investors, deserving a Hold rating. Read the full article on Seeking AlphaSeeking Alpha • Aug 30
Armada Hoffler Properties: The P/FFO Multiple Of 9.7x Provides An Opportunity
Summary Armada Hoffler Properties has continued to register solid results across the board. While the normalized FFO per share slightly increased, the key performance indicators across the portfolio exhibited much stronger dynamics. Because of elevated leasing activity, the AFFO has dropped, we have to keep in mind that this will bounce back in Q3, 2024, as there are no meaningful lease expirations left. Given the strong cash leasing spreads and NOI growth, the prospects for continued increases in cash generation look solid. In this article, I explain in more detail why I remain bullish on AHH after Q2 and why the risk of high leverage is well-mitigated. Read the full article on Seeking AlphaSeeking Alpha • Aug 18
Armada Hoffler: Capture Up To 7.5% Yield From This Diversified REIT
Summary Underfollowed stocks can offer opportunities for profit due to market misconceptions or lack of investor awareness. AHH is a diversified REIT with a 7.1% dividend yield, strong occupancy rates, and strategic development projects. Conservative investors may consider AHH's Preferred Series A stock for a stable 7.5% yield and potential immediate gains if called away. Read the full article on Seeking AlphaShareholder Returns
| AHRT | US REITs | US Market | |
|---|---|---|---|
| 7D | -0.6% | -0.4% | 1.8% |
| 1Y | -2.4% | 9.3% | 28.4% |
Return vs Industry: AHRT underperformed the US REITs industry which returned 10.1% over the past year.
Return vs Market: AHRT underperformed the US Market which returned 27.7% over the past year.
Price Volatility
| AHRT volatility | |
|---|---|
| AHRT Average Weekly Movement | 5.1% |
| REITs Industry Average Movement | 3.3% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: AHRT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: AHRT's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1979 | 98 | Shawn Tibbetts | ahrealtytrust.com |
AH REALTY TRUST INC is a vertically integrated, self-managed real estate investment trust. With over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. The Company also provides general construction and development services to third-party clients, in addition to developing and building properties to be placed in their stabilized portfolio.
AH REALTY TRUST INC Fundamentals Summary
| AHRT fundamental statistics | |
|---|---|
| Market cap | US$687.87m |
| Earnings (TTM) | US$785.00k |
| Revenue (TTM) | US$286.85m |
659.9x
P/E Ratio1.8x
P/S RatioIs AHRT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AHRT income statement (TTM) | |
|---|---|
| Revenue | US$286.85m |
| Cost of Revenue | US$93.56m |
| Gross Profit | US$193.30m |
| Other Expenses | US$192.51m |
| Earnings | US$785.00k |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.01 |
| Gross Margin | 67.39% |
| Net Profit Margin | 0.27% |
| Debt/Equity Ratio | 163.0% |
How did AHRT perform over the long term?
See historical performance and comparisonDividends
8.2%
Current Dividend Yield95%
Payout RatioDoes AHRT pay a reliable dividends?
See AHRT dividend history and benchmarks| AH REALTY TRUST dividend dates | |
|---|---|
| Ex Dividend Date | Jun 24 2026 |
| Dividend Pay Date | Jul 02 2026 |
| Days until Ex dividend | 26 days |
| Days until Dividend pay date | 34 days |
Does AHRT pay a reliable dividends?
See AHRT dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/28 08:46 |
| End of Day Share Price | 2026/05/28 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
AH REALTY TRUST INC is covered by 11 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Rodgers | Baird |
| Nicholas Thillman | Baird |
| Jana Galan | BofA Global Research |