AHRT on NYSE
AH Realty Trust, Inc.
In its 2026 annual report the company says: “We are a self-managed REIT with over four decades of experience managing high-quality properties located primarily in the Mid-Atlantic and Southeastern United States. Our focus is to deliver long-term, sustainable shareholder value by consistently investing in and operating the highest-quality assets, maintaining a robust and resilient balance sheet, and fostering a dynamic, highly skilled team.”5 It is headquartered in Virginia Beach, United States.2 Its shares trade on NYSE under the symbol AHRT.2
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Last updated Oct 21, 2026.
Overview
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- TickerAHRT on NYSE2
- IndustryReal Estate2
- HeadquartersVirginia Beach, United States2
- Incorporated inMD3
- Business address4605 Columbus Street, Virginia Beach, Va 234623
- Filer categoryAccelerated filer3
- Legal formLimited Partnership2
- Kind of organizationLimited partnership2
- LEI549300CCAKG4N6EX4A222
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O Corporation Service Company, 23219-4100 Richmond, United States2
- Registered withState Corporation Commission, L02084642
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We are a self-managed REIT with over four decades of experience managing high-quality properties located primarily in the Mid-Atlantic and Southeastern United States. Our focus is to deliver long-term, sustainable shareholder value by consistently investing in and operating the highest-quality assets, maintaining a robust and resilient balance sheet, and fostering a dynamic, highly skilled team.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
23.1%Operating margin6
2.7%Net margin7
-51.5%Revenue growth, 20256
0.9%Return on equity7
2.43×Debt to equity7
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs97¢$203.8M
- Income tax0¢$482.0K
- Profit3¢$5.6M
Financial statements
Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental revenues | $269.6M | $256.7M | $238.9M |
| Interest income | $15.6M | $17.4M | $15.0M |
| Total revenues | $285.2M | $274.1M | $253.9M |
| Rental expenses | $66.9M | $62.4M | $56.4M |
| Real estate taxes | $25.1M | $23.3M | $22.4M |
| Depreciation and amortization | $91.5M | $90.8M | $97.3M |
| General and administrative expenses | $20.3M | $19.3M | $17.2M |
| Acquisition, development, and other pursuit costs | $93.0K | $5.5M | $84.0K |
| Impairment charges | $373.0K | $1.5M | $102.0K |
| Total expenses | $204.3M | $202.9M | $193.6M |
| Gain on real estate dispositions, net | $0 | $21.3M | $738.0K |
| Operating income | $80.9M | $92.5M | $61.1M |
| Interest expense | -$85.3M | -$79.0M | -$57.8M |
| Equity in (loss) income of unconsolidated real estate entities | -$2.1M | $245.0K | $0 |
| Gain on consolidation of real estate entities | $6.6M | $0 | $0 |
| Loss on extinguishment of debt | -$69.0K | -$247.0K | $0 |
| Change in fair value of derivatives and other | -$1.5M | $14.3M | -$6.2M |
| Unrealized credit loss release (provision) | $437.0K | -$156.0K | -$574.0K |
| Other (expense) income, net | -$57.0K | $209.0K | $31.0K |
| (Loss) income from continuing operations | -$1.2M | $27.9M | -$3.5M |
| Income before taxes | $4.6M | $14.0M | $12.5M |
| Income tax (provision) benefit from discontinued operations | $482.0K | $614.0K | -$1.3M |
| Income from discontinued operations, net of taxes | $5.1M | $14.6M | $11.2M |
| Investment entities | $99.0K | -$43.0K | -$605.0K |
| Operating Partnership | $1.6M | -$6.8M | $1.2M |
| Net income attributable to Armada Hoffler Properties, Inc. | $5.6M | $35.6M | $8.3M |
| Preferred stock dividends | -$11.5M | -$11.5M | -$11.5M |
| Net (loss) income attributable to common stockholders | -$5.9M | $24.1M | -$3.3M |
| Net (loss) income attributable to common stockholders from continuing operations per share (basic) (in dollars per share) | -$0 | $0 | -$0 |
| Net (loss) income attributable to common stockholders from continuing operations per share (diluted) (in dollars per share) | -$0 | $0 | -$0 |
| Net income attributable to common stockholders from discontinued operations per share (basic) (in dollars per share) | $0 | $0 | $0 |
| Net income attributable to common stockholders from discontinued operations per share (diluted) (in dollars per share) | $0 | $0 | $0 |
| Net (loss) income attributable to common stockholders per share (basic) (in dollars per share) | -$0.07 | $0.34 | -$0.05 |
| Net (loss) income attributable to common stockholders per share (diluted) (in dollars per share) | -$0.07 | $0.34 | -$0.05 |
| Weighted-average common shares outstanding (basic) (in shares) | 80.1M shares | 70.7M shares | 67.7M shares |
| Weighted-average common shares outstanding (diluted) (in shares) | 80.1M shares | 70.7M shares | 67.7M shares |
| Net income | $3.9M | $42.5M | $7.7M |
| Unrealized cash flow hedge (losses) gains | -$1.3M | $4.3M | $6.9M |
| Realized cash flow hedge gains reclassified to net income | -$1.1M | -$7.3M | -$20.0M |
| Comprehensive income (loss) | $1.5M | $39.5M | -$5.5M |
| Comprehensive income (loss) attributable to Armada Hoffler Properties, Inc. | $3.6M | $33.5M | -$1.5M |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|
| Rental revenues | $72.0M | $68.7M | $65.1M | $63.8M | $63.0M | $68.6M | $63.3M | $61.9M |
| Interest income | $3.6M | $3.9M | $4.0M | $4.0M | $4.4M | $4.4M | $4.3M | $4.3M |
| Total revenues | $75.6M | $72.7M | $69.1M | $67.8M | $67.3M | $73.0M | $67.5M | $66.2M |
| Rental expenses | $17.7M | $17.5M | $16.1M | $15.6M | $16.1M | $16.7M | $15.1M | $14.6M |
| Real estate taxes | $6.4M | $6.1M | $6.6M | $5.9M | $5.3M | $6.2M | $5.9M | $5.9M |
| Total expenses | $52.2M | $51.5M | $48.7M | $52.1M | $51.0M | $51.3M | $53.6M | $47.0M |
| Gain on real estate dispositions, net | $21.3M | $0 | $0 | $0 | ||||
| Operating income | $23.5M | $21.2M | $20.4M | $15.8M | $37.6M | $21.8M | $13.9M | $19.2M |
| (Loss) income from continuing operations | $395.0K | -$2.6M | $6.6M | -$5.6M | $26.5M | -$10.1M | -$2.6M | $14.1M |
| Income before taxes | $1.6M | $2.0M | -$473.0K | $1.4M | $2.1M | $3.2M | $4.6M | $4.2M |
| Income tax (provision) benefit from discontinued operations | $297.0K | -$192.0K | $567.0K | -$190.0K | $494.0K | -$592.0K | $1.2M | -$534.0K |
| Income from discontinued operations, net of taxes | $1.9M | $1.9M | $94.0K | $1.2M | $2.6M | $2.6M | $5.9M | $3.6M |
| Preferred stock dividends | -$2.9M | -$2.9M | -$2.9M | -$2.9M | -$2.9M | -$2.9M | -$2.9M | -$2.9M |
| Net (loss) income attributable to common stockholders | -$508.0K | -$2.8M | $3.1M | -$5.7M | $20.6M | -$7.9M | $285.0K | $11.2M |
| Net (loss) income attributable to common stockholders from continuing operations per share (basic) (in dollars per share) | -$0 | -$0 | $0 | -$0 | $0 | -$0 | -$0 | $0 |
| Net (loss) income attributable to common stockholders from continuing operations per share (diluted) (in dollars per share) | -$0 | -$0 | $0 | -$0 | $0 | -$0 | -$0 | $0 |
| Net income attributable to common stockholders from discontinued operations per share (basic) (in dollars per share) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income attributable to common stockholders from discontinued operations per share (diluted) (in dollars per share) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net (loss) income attributable to common stockholders per share (basic) (in dollars per share) | -$0.01 | -$0.04 | $0.04 | -$0.07 | $0.26 | -$0.11 | $0.00 | $0.17 |
| Net (loss) income attributable to common stockholders per share (diluted) (in dollars per share) | -$0.01 | -$0.04 | $0.04 | -$0.07 | $0.26 | -$0.11 | $0.00 | $0.17 |
| Weighted-average common shares outstanding (basic) (in shares) | 80.2M shares | 80.2M shares | 80.2M shares | 80.0M shares | 79.7M shares | 68.9M shares | 67.1M shares | 66.8M shares |
| Weighted-average common shares outstanding (diluted) (in shares) | 80.2M shares | 80.2M shares | 80.2M shares | 80.0M shares | 79.7M shares | 68.9M shares | 67.1M shares | 66.8M shares |
| Net income | $2.3M | -$738.0K | $6.7M | -$4.3M | $29.0M | -$7.5M | $3.3M | $17.7M |
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Income producing property | $2.5B | $2.2B | ||
| Held for development | $5.7M | $5.7M | ||
| Construction in progress | $17.1M | $17.5M | ||
| Gross real estate investments | $2.5B | $2.2B | ||
| Accumulated depreciation | -$521.2M | -$450.4M | ||
| Net real estate investments | $2.0B | $1.7B | ||
| Real estate investments held for sale | $4.8M | $4.8M | ||
| Assets of discontinued operations | $30.0M | $131.5M | ||
| Cash and cash equivalents | $49.1M | $31.9M | $20.0M | $47.5M |
| Restricted cash | $3.2M | $1.6M | $2.2M | $3.7M |
| Accounts receivable, net | $66.2M | $52.8M | ||
| Notes receivable, net | $128.7M | $132.6M | ||
| Equity method investments | $47.9M | $158.2M | ||
| Operating lease right-of-use assets | $22.6M | $22.8M | ||
| Finance lease right-of-use assets | $87.5M | $89.0M | ||
| Acquired lease intangible assets | $77.6M | $89.7M | ||
| Other assets | $52.8M | $53.2M | ||
| Total Assets | $2.6B | $2.5B | ||
| Indebtedness, net | $1.5B | $1.3B | ||
| Accounts payable and accrued liabilities | $40.2M | $35.1M | ||
| Operating lease liabilities | $31.2M | $31.4M | ||
| Finance lease liabilities | $93.5M | $92.6M | ||
| Other liabilities | $45.7M | $54.4M | ||
| Liabilities of discontinued operations | $30.6M | $114.1M | ||
| Total Liabilities | $1.8B | $1.6B | ||
| Preferred stock, $0.01 par value, 100,000,000 shares authorized: 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, 9,980,000 shares authorized, 6,843,418 shares issued and outstanding as of December 31, 2025 and 2024 | $171.1M | $171.1M | ||
| Common stock, $0.01 par value, 500,000,000 shares authorized; 80,166,778 and 79,695,938 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $805.0K | $797.0K | ||
| Additional paid-in capital | $724.7M | $714.6M | ||
| Distributions in excess of earnings | -$269.5M | -$218.6M | ||
| Accumulated other comprehensive income | $703.0K | $2.7M | ||
| Total stockholders equity | $627.8M | $670.6M | ||
| Noncontrolling interests in investment entities | $8.5M | $9.2M | ||
| Noncontrolling interests in Operating Partnership | $192.9M | $209.9M | ||
| Total Equity | $829.2M | $889.7M | $805.2M | $904.0M |
| Total Liabilities and Equity | $2.6B | $2.5B | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 500.0M shares | 500.0M shares | ||
| Common stock, shares issued (in shares) | 80.2M shares | 79.7M shares | ||
| Common stock, shares outstanding (in shares) | 80.2M shares | 79.7M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Income producing property | $2.5B | $2.2B | ||
| Held for development | $5.7M | $5.7M | ||
| Construction in progress | $17.1M | $17.5M | ||
| Gross real estate investments | $2.5B | $2.2B | ||
| Accumulated depreciation | -$521.2M | -$450.4M | ||
| Net real estate investments | $2.0B | $1.7B | ||
| Real estate investments held for sale | $4.8M | $4.8M | ||
| Assets of discontinued operations | $30.0M | $131.5M | ||
| Cash and cash equivalents | $49.1M | $31.9M | $20.0M | $47.5M |
| Restricted cash | $3.2M | $1.6M | $2.2M | $3.7M |
| Accounts receivable, net | $66.2M | $52.8M | ||
| Notes receivable, net | $128.7M | $132.6M | ||
| Equity method investments | $47.9M | $158.2M | ||
| Operating lease right-of-use assets | $22.6M | $22.8M | ||
| Finance lease right-of-use assets | $87.5M | $89.0M | ||
| Acquired lease intangible assets | $77.6M | $89.7M | ||
| Other assets | $52.8M | $53.2M | ||
| Total Assets | $2.6B | $2.5B | ||
| Indebtedness, net | $1.5B | $1.3B | ||
| Accounts payable and accrued liabilities | $40.2M | $35.1M | ||
| Operating lease liabilities | $31.2M | $31.4M | ||
| Finance lease liabilities | $93.5M | $92.6M | ||
| Other liabilities | $45.7M | $54.4M | ||
| Liabilities of discontinued operations | $30.6M | $114.1M | ||
| Total Liabilities | $1.8B | $1.6B | ||
| Preferred stock, $0.01 par value, 100,000,000 shares authorized: 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, 9,980,000 shares authorized, 6,843,418 shares issued and outstanding as of December 31, 2025 and 2024 | $171.1M | $171.1M | ||
| Common stock, $0.01 par value, 500,000,000 shares authorized; 80,166,778 and 79,695,938 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $805.0K | $797.0K | ||
| Additional paid-in capital | $724.7M | $714.6M | ||
| Distributions in excess of earnings | -$269.5M | -$218.6M | ||
| Accumulated other comprehensive income | $703.0K | $2.7M | ||
| Total stockholders equity | $627.8M | $670.6M | ||
| Noncontrolling interests in investment entities | $8.5M | $9.2M | ||
| Noncontrolling interests in Operating Partnership | $192.9M | $209.9M | ||
| Total Equity | $829.2M | $889.7M | $805.2M | $904.0M |
| Total Liabilities and Equity | $2.6B | $2.5B | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 500.0M shares | 500.0M shares | ||
| Common stock, shares issued (in shares) | 80.2M shares | 79.7M shares | ||
| Common stock, shares outstanding (in shares) | 80.2M shares | 79.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $3.9M | $42.5M | $7.7M |
| Less: net income from discontinued operations, net of tax | -$5.1M | -$14.6M | -$11.2M |
| Net income (loss) from continuing operations | -$1.2M | $27.9M | -$3.5M |
| Depreciation of buildings and tenant improvements | $72.5M | $68.1M | $63.4M |
| Amortization of leasing costs, in-place lease intangibles, and right-of-use assets | $19.0M | $22.7M | $34.0M |
| Accrued straight-line rental revenue | -$10.2M | -$8.3M | -$6.3M |
| Amortization of leasing incentives and above or below-market rents | -$1.8M | -$1.6M | -$2.2M |
| Accrued straight-line ground rent expense | -$14.0K | $28.0K | $64.0K |
| Unrealized credit loss provision (release) | -$437.0K | $156.0K | $574.0K |
| Adjustment for uncollectible lease accounts | $2.8M | $2.0M | $4.0M |
| Noncash acquisition, development, and other pursuit costs | $0 | $5.5M | $0 |
| Noncash stock compensation | $6.8M | $5.1M | $3.7M |
| Impairment charges | $373.0K | $1.5M | $102.0K |
| Noncash interest expense | $5.6M | $3.7M | $7.1M |
| Noncash loss on extinguishment of debt | $69.0K | $247.0K | $0 |
| Gain on consolidation of real estate entities | -$6.6M | $0 | $0 |
| Gain on real estate dispositions, net | $0 | -$21.3M | -$738.0K |
| Change in fair value of derivatives and other | $22.5M | $9.6M | $14.2M |
| Adjustment for receipts on off-market interest rate derivatives | -$24.1M | -$22.8M | -$7.9M |
| Equity in income (loss) of unconsolidated real estate entities | $2.1M | -$245.0K | $0 |
| Property assets | -$9.5M | -$11.2M | -$6.9M |
| Property liabilities | $1.5M | $12.5M | $16.3M |
| Interest receivable | -$15.2M | -$11.6M | -$13.9M |
| Net cash provided by operating activities of continuing operations | $64.2M | $82.0M | $101.9M |
| Development of real estate investments | -$10.6M | -$29.8M | -$58.8M |
| Tenant and building improvements | -$46.3M | -$30.2M | -$24.4M |
| Acquisitions of real estate investments, net of cash received | -$33.7M | $0 | -$8.4M |
| Dispositions of real estate investments, net of selling costs | $0 | $58.6M | $246.0K |
| Notes receivable issuances | -$21.6M | -$47.7M | -$48.2M |
| Notes receivable paydowns | $450.0K | $20.6M | $0 |
| Payments to purchase off-market interest rate derivatives | -$18.5M | $0 | -$31.3M |
| Receipts on off-market interest rate derivatives | $24.1M | $22.8M | $7.9M |
| Leasing costs | -$8.2M | -$4.9M | -$4.1M |
| Leasing incentives | -$10.0K | $0 | -$20.0K |
| Contributions to equity method investments | -$6.6M | -$15.9M | -$70.0M |
| Net cash used for investing activities of continuing operations | -$121.0M | -$26.5M | -$237.0M |
| (Costs)/proceeds from issuance of common stock, net | -$134.0K | $129.4M | -$208.0K |
| Common shares tendered for tax withholding | -$1.4M | -$1.6M | -$1.1M |
| Repurchase and retirement of common stock, net | $0 | $0 | -$12.6M |
| Debt issuances, credit facility, and construction loan borrowings | $371.0M | $269.5M | $402.6M |
| Debt and credit facility repayments, including principal amortization | -$164.6M | -$257.6M | -$180.9M |
| Debt issuance costs | -$2.8M | -$2.2M | -$2.8M |
| Cash paid on extinguishment of debt | -$69.5M | -$95.9M | $0 |
| Acquisition of non-controlling interest in consolidated real estate investments | -$4.3M | $0 | $0 |
| Redemption of operating partnership units | -$15.0K | -$205.0K | -$705.0K |
| Distributions to noncontrolling interests | -$701.0K | -$810.0K | -$1.6M |
| Dividends and distributions | -$75.2M | -$83.9M | -$80.4M |
| Net cash provided by (used for) financing activities of continuing operations | $52.5M | -$43.3M | $122.3M |
| Net cash flows (used in) provided by operating activities of discontinued operations | -$13.8M | $30.0M | -$8.6M |
| Net cash flows used in investing activities of discontinued operations | $0 | -$175.0K | -$278.0K |
| Net change in cash and cash equivalents of discontinued operations | -$13.8M | $29.9M | -$8.8M |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | -$18.0M | $42.1M | -$21.7M |
| Cash paid for interest | $73.0M | $71.6M | $44.9M |
| Cash (paid) refunded for income taxes | -$1.4M | -$1.1M | $33.0K |
| (Decrease) increase in dividends and distributions payable | -$6.5M | $3.4M | $153.0K |
| Decrease in accrued capital improvements and development costs | -$12.3M | -$115.0K | -$4.8M |
| Issuance of operating partnership units for acquisitions | $0 | $0 | $12.2M |
| Operating Partnership units redeemed for common shares | $2.5M | $767.0K | $514.0K |
| Debt assumed at fair value in conjunction with real estate purchases | $0 | $0 | $105.6M |
| Note receivable redeemed in conjunction with real estate purchase | $26.9M | $0 | $90.2M |
| Equity method investment redeemed due to consolidation | $114.7M | $0 | $0 |
| Notes receivable redeemed for acquisition of non-controlling interests | $13.3M | $0 | $0 |
| Parcel consideration for acquisition of non-controlling interests | $16.7M | $0 | $0 |
| Acquisitions of noncontrolling interests | $0 | $0 | $12.8M |
| Other liability satisfied in connection with a real estate disposal | $0 | $0 | $750.0K |
| Recognition of finance lease right-of-use assets | $0 | $0 | $47.7M |
| Recognition of finance lease liabilities | $0 | $0 | $46.6M |
| Adjustment to finance lease ROU assets | $0 | $0 | $1.7M |
| Adjustment to finance lease liabilities | $0 | $0 | $1.7M |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net income | $2.3M | -$738.0K | $6.7M | -$4.3M | $29.0M | -$7.5M | $3.3M | $17.7M |
| Less: net income from discontinued operations, net of tax | -$1.9M | -$1.9M | -$94.0K | -$1.2M | -$2.6M | -$2.6M | -$5.9M | -$3.6M |
| Net income (loss) from continuing operations | $395.0K | -$2.6M | $6.6M | -$5.6M | $26.5M | -$10.1M | -$2.6M | $14.1M |
| Gain on real estate dispositions, net | -$21.3M | $0 | $0 | $0 |
Corporate structure
AH Realty Trust, Inc. sits at the top of its group. 99 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of AH Realty Trust, Inc.
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on AH Realty Trust, Inc., latest Apr 29, 2026
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on AH Realty Trust, Inc., latest Apr 28, 2026
- BlackRock Filed SCHEDULE 13G/A on AH Realty Trust, Inc., latest Apr 7, 2026 (11 filings since Jan 26, 2022)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on AH Realty Trust, Inc., latest Mar 26, 2026 (4 filings since Feb 9, 2022)
- State Street Corporation Filed SCHEDULE 13G on AH Realty Trust, Inc., latest Aug 11, 2025 (5 filings since Jan 20, 2023)
- Macquarie Group Filed SC 13G/A on AH Realty Trust, Inc., latest Nov 1, 2024 (3 filings since Apr 24, 2023)
- AllianceBernstein Filed SC 13G/A on AH Realty Trust, Inc., latest Feb 14, 2022
- AH Realty Trust, Inc. Virginia Beach, Virginia, United States
- 1023 Roswell, LLC Subsidiary · Virginia, United States
- 1300 Thames Street Office, LLC Subsidiary · Virginia, United States
- 660 Delray Beach, LLC Subsidiary · Virginia, United States
- 700 Center Residential, LLC Subsidiary · Virginia, United States
- 801 Nexton Summerville, LLC Subsidiary · Virginia, United States
- A/H Harrisonburg Regal L.L.C. Subsidiary · Virginia, United States
- AH Columbus II, L.L.C. Subsidiary · Virginia, United States
- AH Greentree, L.L.C. Subsidiary · Virginia, United States
- AH Sandbridge, L.L.C. Subsidiary · Virginia, United States
- Allure Chesapeake, LLC Subsidiary · Virginia, United States
- Allure Edinburgh Holding, LLC Subsidiary · Virginia, United States
- Armada Hoffler Tower 4, L.L.C. Subsidiary · Virginia, United States
- Armada/Hoffler Block 8 Associates, L.L.C. Subsidiary · Virginia, United States
- Baltimore Parcel 2E Holding, LLC Subsidiary · Virginia, United States
- Baltimore Parcel 2E, LLC Subsidiary · Virginia, United States
- Baltimore Parcel 3 Holding, LLC Subsidiary · Virginia, United States
- Baltimore Parcel 3, LLC Subsidiary · Virginia, United States
- Baltimore Parcel 4 Holding, LLC Subsidiary · Virginia, United States
- Baltimore Parcel 4, LLC Subsidiary · Virginia, United States
- Block 11 Manager, LLC Subsidiary · Virginia, United States
- Block Street Residential Development, LLC Subsidiary · Virginia, United States
- Broad Creek PH. I, L.L.C. Subsidiary · Virginia, United States
- Broad Creek PH. III, L.L.C. Subsidiary · Virginia, United States
- Broadmoor Plaza Indiana, LLC Subsidiary · Virginia, United States
- Brooks Crossing II, LLC Subsidiary · Virginia, United States
- and 73 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What AH Realty Trust, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $303.5M7 Dec 31, 2025 | $278.7M7 Dec 31, 2024 | +8.9% |
| Buildings and improvements | $2.2B7 Dec 31, 2025 | $1.8B7 Dec 31, 2024 | +17.7% |
| Construction in progress | $17.1M7 Dec 31, 2025 | $17.5M7 Dec 31, 2024 | −2.6% |
| Finance-lease assets | $87.5M7 Dec 31, 2025 | $89.0M7 Dec 31, 2024 | −1.7% |
| Operating-lease assets (leased space) | $22.6M7 Dec 31, 2025 | $22.8M7 Dec 31, 2024 | −1.0% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $2.0B7 Dec 31, 2025 | $1.7B7 Dec 31, 2024 | +16.1% |
| Real estate investments, at cost | $2.5B7 Dec 31, 2025 | $2.2B7 Dec 31, 2024 | +16.0% |
| Real estate accumulated depreciation | $521.2M7 Dec 31, 2025 | $450.4M7 Dec 31, 2024 | +15.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $49.1M7 Dec 31, 2025 | $31.9M7 Dec 31, 2024 | +53.9% |
| Stakes in other companies (equity method) | $47.9M7 Dec 31, 2025 | $158.2M7 Dec 31, 2024 | −69.7% |
Properties, in its own words
The information set forth under the captions "Our Properties" and "Development Pipeline" in Item 1 of this Annual Report on Form 10-K is incorporated by reference herein.
Item 2 of the 10-K filed Feb 26, 2026.5
Leadership
Who has led AH Realty Trust, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerShawn J. Tibbetts Mar 5, 2025 to now14
- Chief executive officerLouis S. Haddad May 8, 2013 to Sep 30, 202415
- PresidentShawn J. Tibbetts Mar 13, 2024 to now16
- PresidentShelly R. Hampton Mar 6, 2018 to Mar 25, 202417
- PresidentEric E. Apperson May 15, 2017 to Mar 6, 201818
- PresidentLouis S. Haddad May 8, 2013 to Feb 9, 202415
- Chief financial officerMatthew Barnes-Smith Mar 25, 2022 to now19
- Chief operating officerShawn J. Tibbetts Mar 12, 2020 to Mar 25, 202420
- Chief operating officerEric L. Smith Mar 6, 2018 to Nov 14, 201821
Board members and other officers (18)
- Vice PresidentAlan R. Hunt May 8, 2013 to Mar 10, 201422
- Vice PresidentAnthony P. Nero May 8, 2013 to Mar 7, 201623
- Vice PresidentEric E. Apperson May 8, 2013 to Mar 7, 201724
- Secretary, Vice PresidentEric L. Smith May 8, 2013 to Mar 7, 201725
- Vice PresidentShelly R. Hampton May 8, 2013 to Mar 7, 201726
- Board memberLori Wittman Jun 22, 2026 to now27
- Board memberTheodore Bigman Jun 22, 2026 to now28
- Board memberShawn J. Tibbetts Mar 5, 2025 to now14
- Board memberFrederick Blair Wimbush Apr 16, 2024 to now29
- Board memberDennis H. Gartman Jul 22, 2022 to now30
- Board memberDorothy McAuliffe Sep 23, 2019 to Jun 17, 202131
- Board memberEva S. Hardy Mar 13, 2015 to Sep 17, 202432
- Board memberA. Russell Kirk May 8, 2013 to now33
- Board memberDaniel A. Hoffler May 8, 2013 to now34
- Board memberJames A. Carroll May 8, 2013 to now35
- Board memberJames C. Cherry May 8, 2013 to now36
- Board memberLouis S. Haddad May 8, 2013 to now15
- Board memberJoseph W. Prueher Oct 28, 2013 to Mar 28, 201637
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 1023 Roswell, LLC Virginia, Georgia4
- 1300 Thames Street Office, LLC Virginia, Maryland4
- 660 Delray Beach, LLC Virginia, Florida4
- 700 Center Residential, LLC Virginia4
- 801 Nexton Summerville, LLC Virginia, South Carolina4
- A/H Harrisonburg Regal L.L.C. Virginia4
- AH Columbus II, L.L.C. Virginia4
- AH Greentree, L.L.C. Virginia4
- AH Sandbridge, L.L.C. Virginia4
- Allure Chesapeake, LLC Virginia4
- Allure Edinburgh Holding, LLC Virginia4
- Armada Hoffler Tower 4, L.L.C. Virginia4
- Armada/Hoffler Block 8 Associates, L.L.C. Virginia4
- BSE/AH Blacksburg Apartments, LLC Virginia4
- Baltimore Parcel 2E Holding, LLC Virginia4
- Baltimore Parcel 2E, LLC Virginia, Maryland4
- Baltimore Parcel 3 Holding, LLC Virginia4
- Baltimore Parcel 3, LLC Virginia, Maryland4
- Baltimore Parcel 4 Holding, LLC Virginia4
- Baltimore Parcel 4, LLC Virginia, Maryland4
- Block 11 Manager, LLC Virginia4
- Block Street Residential Development, LLC Virginia, Maryland4
- Broad Creek PH. I, L.L.C. Virginia4
- Broad Creek PH. III, L.L.C. Virginia4
All 99 listed subsidiaries
- Broadmoor Plaza Indiana, LLC Virginia, Indiana4
- Brooks Crossing II, LLC Virginia4
- Chronical Holding, LLC Virginia, North Carolina4
- Chronical Mill Belmont, LLC Virginia4
- Chronical Mill Tract II, LLC Virginia, North Carolina4
- City Park 2 Apartments, LLC Virginia4
- Columbus Tower, LLC Virginia4
- Columbus Town Center II, LLC Virginia4
- Columbus Town Center, LLC Virginia4
- Dimmock Square Marketplace, LLC Virginia4
- Ferrell Parkway Associates, L.L.C. Virginia4
- Gainesville Development, LLC Virginia, Georgia4
- Gainesville II Development , LLC Delaware4
- Greenbrier Square Chesapeake, LLC Virginia4
- Greenbrier Technology Center II Associates, LLC Virginia4
- HT Tyre Neck, L.L.C. Virginia4
- Hanbury Village II, LLC Virginia4
- Harbor Point Parcel 2 Holdings, LLC Delaware4
- Harbor Point Parcel 2-Office, LLC Delaware4
- Harbor Point Parcel 2-Residential, LLC Delaware4
- Harbor Point Parcel 2-Retail, LLC Delaware4
- Harbor Point Parcel 2-Transfer Station, LLC Delaware4
- Harbor Point Parcel 3 Development, LLC Delaware4
- Harbor Point Parcel 4 Development, LLC Delaware4
- Harding Place Residential Partners, LLC Virginia, North Carolina4
- Hilltop Laskin, LLC Virginia4
- Interlock Atlanta, LLC Georgia4
- Kennesaw Holding, LLC Virginia4
- Kennesaw Pad D Apartments, LLC Delaware4
- Lexington at Hope Ferry, LLC Virginia4
- Lightfoot Marketplace Shopping Center, LLC Virginia4
- Market at Mill Creek Partners, LLC Virginia4
- North Hampton Market South Carolina, LLC Virginia, South Carolina4
- North Point-CGL, L.L.C. Virginia, North Carolina4
- North Pointe Development Associates, L.L.C. Virginia, North Carolina4
- North Pointe Development Associates, L.P. Virginia, North Carolina4
- North Pointe Outparcels, L.L.C. Virginia, North Carolina4
- North Pointe PH. 1 Limited Partnership Virginia, North Carolina4
- North Pointe VW4, L.L.C. Virginia, North Carolina4
- OCC Commercial, LLC Virginia, North Carolina4
- Overlook Village Asheville, LLC Virginia, North Carolina4
- Parkway Centre Moultrie, LLC Virginia, Georgia4
- Paterson Place Durham, LLC Virginia, North Carolina4
- Peachtree Corners Holding, LLC Virginia4
- Perry Hall Maryland, LLC Virginia, Maryland4
- Providence Plaza Charlotte, LLC Virginia, North Carolina4
- Red Mill Central, LLC Virginia4
- Red Mill North, LLC Virginia4
- Red Mill Outparcels, LLC Virginia4
- Red Mill South, LLC Virginia4
- Red Mill West, LLC Virginia4
- South Square Durham, LLC Virginia, North Carolina4
- Southeast Commerce Associates II, LLC Virginia4
- Southern Post, LLC Georgia4
- Southgate Square Virginia, LLC Virginia4
- Southshore Pointe, LLC Virginia4
- TCA 10 GP, LLC Virginia4
- TCA Block 11 Apartments, LLC Virginia4
- TCA Block 11 Office, LLC Virginia4
- TCA Block 4 Retail, L.L.C. Virginia4
- TCA Block 6, L.L.C. Virginia4
- Town Center Associates 11, LLC Virginia4
- Town Center Associates 12, L.L.C. Virginia4
- Town Center Associates 6, L.L.C. Virginia4
- Town Center Associates 7, L.L.C. Virginia4
- Town Center Associates 9, LLC Virginia4
- Town Center Associates, LLC Virginia4
- Town Center Block 10 Apartments, L.P. Virginia4
- Town Center Pembroke TIC, LLC Virginia4
- Town Center Pembroke, LLC Virginia4
- Washington Avenue Apartments, L.L.C. Virginia4
- Wendover Village Greensboro II, LLC Virginia, North Carolina4
- Wendover Village Greensboro, LLC Virginia, North Carolina4
- Wendover Village III, LLC Virginia, North Carolina4
- Wills Wharf Baltimore, LLC Virginia, North Carolina4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Armada Hoffler Properties, Inc.Feb 12, 2013 to Feb 27, 20263
Timeline
- Sep 16, 20268-K Regulation FD disclosure38
- Aug 3, 20268-K Results of operations; Regulation FD disclosure39
- Jun 22, 20268-K Shareholder vote40
- Jun 1, 20268-K Regulation FD disclosure41
- May 22, 20268-K Completed an acquisition or sale; Regulation FD disclosure42
- May 13, 20268-K Regulation FD disclosure43
- May 4, 20268-K Results of operations; Regulation FD disclosure44
- Mar 16, 20268-K Entered a material agreement; Regulation FD disclosure45
- Mar 5, 20268-K Change of auditor46
- Feb 19, 20268-K Entered a material agreement; Bylaws or fiscal year changed47
- Feb 17, 20268-K Results of operations; Regulation FD disclosure48
- Feb 6, 20268-K Executive or director change49
- Mar 5, 2025New chief executive Shawn J. Tibbetts becomes CEO14
- May 8, 2013New chief executive Louis S. Haddad becomes CEO15
- Oct 16, 2012Founded AH Realty Trust, Inc. is founded2
Calendar
Coming up
- Nov 2, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.29 a share, on Nov 3, 2025.50
When it reported results
- Aug 3, 2026Reported quarterly or annual results39
- May 4, 2026Reported quarterly or annual results44
- Feb 17, 2026Reported quarterly or annual results48
- Nov 3, 2025Reported quarterly or annual results51
- Aug 4, 2025Reported quarterly or annual results52
- May 7, 2025Reported quarterly or annual results53
- Feb 19, 2025Reported quarterly or annual results54
- Nov 4, 2024Reported quarterly or annual results55
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
342 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 60 major events, 201 insider forms, 26 large holders, 34 other. The latest 20:
- Oct 9, 20264 EDGAR
- Oct 9, 20264 EDGAR
- Sep 29, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20268-K EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 3, 20268-K EDGAR
- Jul 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jun 30, 20264 EDGAR
- Jun 22, 20264/A EDGAR
- Jun 22, 20263/A EDGAR
- Jun 22, 20264 EDGAR
- Jun 22, 20263 EDGAR
- Jun 22, 20264 EDGAR
The 342 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
62 open-market trades by officers, directors and large owners since October 2021: 59 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 28, 2026 | Wittman LoriDirector | Buy | 3,000 | $5.95 | $17.9K | Form 4 |
| Jul 2, 2026 | Wimbush Frederick BlairDirector | Buy | 529 | $7.01 | $3.7K | Form 4 |
| Jul 1, 2026 | Wimbush Frederick BlairDirector | Buy | 358 | $7.00 | $2.5K | Form 4 |
| Apr 2, 2026 | Wimbush Frederick BlairDirector | Buy | 669 | $5.41 | $3.6K | Form 4 |
| Apr 1, 2026 | Wimbush Frederick BlairDirector | Buy | 395 | $5.38 | $2.1K | Form 4 |
| Mar 3, 2026 | Wimbush Frederick BlairDirector | Buy | 10,000 | $6.19 | $61.9K | Form 4 |
| Jan 8, 2026 | Wimbush Frederick BlairDirector | Buy | 328 | $6.63 | $2.2K | Form 4 |
| Oct 2, 2025 | Wimbush Frederick BlairDirector | Buy | 520 | $6.98 | $3.6K | Form 4 |
| Aug 15, 2025 | Apperson Eric E.President of Construction | Sale | 48,837 | $7.12 | $347.7K | Form 4 |
| Jul 8, 2025 | Wimbush Frederick BlairDirector | Buy | 475 | $6.94 | $3.3K | Form 4 |
| Apr 3, 2025 | KIRK A RUSSELLDirector | Buy | 954 | $7.24 | $6.9K | Form 4 |
| Apr 3, 2025 | Wimbush Frederick BlairDirector | Buy | 371 | $7.33 | $2.7K | Form 4 |
| Mar 25, 2025 | KIRK A RUSSELLDirector | Buy | 50,000 | $7.73 | $386.5K | Form 4 |
| Mar 20, 2025 | KIRK A RUSSELLDirector | Buy | 10,000 | $7.70 | $77.0K | Form 4 |
| Mar 18, 2025 | KIRK A RUSSELLDirector | Buy | 10,000 | $7.65 | $76.5K | Form 4 |
| Mar 17, 2025 | KIRK A RUSSELLDirector | Buy | 30,000 | $7.64 | $229.2K | Form 4 |
| Jan 2, 2025 | Wimbush Frederick BlairDirector | Buy | 383 | $10.20 | $3.9K | Form 4 |
| Jan 2, 2025 | KIRK A RUSSELLDirector | Buy | 969 | $10.23 | $9.9K | Form 4 |
| Dec 11, 2024 | Gartman Dennis H.Director | Buy | 4,500 | $10.85 | $48.8K | Form 4 |
| Nov 25, 2024 | Apperson Eric E.President of Construction | Sale | 20,000 | $11.02 | $220.4K | Form 4 |
All 62 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202656
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 28, 202657
- BlackRockSCHEDULE 13G/A, 11 filings Jan 26, 2022 to Apr 7, 202658
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 9, 2022 to Mar 26, 202659
- State Street CorporationSCHEDULE 13G, 5 filings Jan 20, 2023 to Aug 11, 202560
- Macquarie GroupSC 13G/A, 3 filings Apr 24, 2023 to Nov 1, 202461
- AllianceBernsteinSC 13G/A, 1 filing Feb 14, 202262
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Shawn J. TibbettsChairman, Chief Executive Officer, and President | 45 | $672.4K | $6.1M63 |
| 2025 | Matthew T. Barnes-SmithChief Financial Officer and Treasurer | 40 | $419.7K | $2.6M63 |
| 2025 | Eric E. AppersonPresident of Construction | $187.6K | $1.9M63 | |
| 2024 | Shawn J. TibbettsChairman, Chief Executive Officer, and President | 45 | $512.1K | $1.6M63 |
| 2024 | Eric E. AppersonPresident of Construction | $422.5K | $986.6K63 | |
| 2024 | Matthew T. Barnes-SmithChief Financial Officer and Treasurer | 40 | $392.8K | $923.7K63 |
| 2023 | Shawn J. TibbettsChairman, Chief Executive Officer, and President | 45 | $498.1K | $1.3M63 |
| 2023 | Eric E. AppersonPresident of Construction | $411.5K | $892.6K63 | |
| 2023 | Matthew T. Barnes-SmithChief Financial Officer and Treasurer | 40 | $348.1K | $647.7K63 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 6,827,404 | $48.3M | 0.0% | −19,366 |
| Vanguard Portfolio Management LLC | 4,057,875 | $28.7M | 0.0% | +23,727 |
| Vanguard Capital Management LLC | 3,390,281 | $24.0M | 0.0% | −103,821 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 3,108,586 | $22.0M | 0.0% | +101,907 |
| Irenic Capital Management LP | 2,918,328 | $20.7M | 1.5% | −567,315 |
| Geode Capital Management, LLC | 2,271,422 | $16.1M | 0.0% | +160,174 |
| Franklin Resources Inc | 2,196,096 | $15.5M | 0.0% | +14,946 |
| Invesco Ltd. | 1,892,577 | $13.4M | 0.0% | +11,310 |
| State Street Corp | 1,812,598 | $13.1M | 0.0% | −280,101 |
| Jane Street Group, LLC | 1,549,569 | $11.0M | 0.0% | +203,659 |
| Ameriprise Financial Inc | 1,518,339 | $10.8M | 0.0% | +194,669 |
| Qube Research & Technologies Ltd | 1,420,180 | $10.1M | 0.0% | +154,073 |
| Two Sigma Investments, LP | 1,334,070 | $9.4M | 0.0% | +661,657 |
| Tcw Group Inc | 1,307,002 | $9.3M | 0.1% | +292,002 |
| Western Standard LLC | 1,295,429 | $9.2M | 3.1% | New |
| Charles Schwab Investment Management Inc | 1,173,579 | $8.3M | 0.0% | −10,942 |
| Brown Advisory Inc | 1,120,992 | $7.9M | 0.0% | −1,977 |
| Berman McAleer LLC | 1,023,400 | $7.2M | 0.8% | No change |
| Morgan Stanley | 954,518 | $6.8M | 0.0% | +466,227 |
| Northern Trust Corp | 734,240 | $5.2M | 0.0% | −87,597 |
| Aristotle Capital Boston, LLC | 694,442 | $4.9M | 0.3% | −131,042 |
| Goldman Sachs Group Inc | 633,410 | $4.5M | 0.0% | +177,243 |
| Nuveen, LLC | 630,242 | $4.5M | 0.0% | +73,780 |
| Clearstead Advisors, LLC | 594,326 | $4.2M | 0.0% | +305 |
| Quantinno Capital Management LP | 517,396 | $3.7M | 0.0% | +112,514 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How AH Realty Trust, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAH Realty Trust, Inc.1
- CIK0001569187
- Employer ID (EIN)46-12149145
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inMaryland5
- Fiscal year endsDecember 311
- Industry code (SIC)6500 Real Estate1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address4605 Columbus Street, Virginia Beach, VA 234621
- Phone757-366-40001
- Shares outstanding74,592,992 as of Jul 31, 202612
- Public float$545.0M as of Jun 30, 20255
- AuditorErnst & Young LLP, Richmond, Virginia PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceFeb 12, 20131
- Filings869 in all: 4 (420), 8-K (145), SC 13G/A (43), 10-Q (41), 3 (26), 5 (24), DEFA14A (18), SC 13G (17)1
All 39 form types
CORRESP (15), 424B2 (14), 10-K (13), DEF 14A (13), UPLOAD (12), 424B5 (8), ARS (6), EFFECT (6), S-3 (5), 8-K/A (4), S-11/A (4), S-8 (4), SCHEDULE 13G (4), SCHEDULE 13G/A (4), 144 (2), 4/A (2), 8-A12B (2), FWP (2), S-3/A (2), S-3ASR (2), 10-K/A (1), 144/A (1), 3/A (1), 424B4 (1), 5/A (1), CERT (1), CERTNYS (1), D (1), DRS (1), S-11 (1), S-11MEF (1)
- Latest filingsAnnual report (10-K) Feb 26, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Apr 30, 2026
Latest 8-K (8-K) Sep 16, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value per share | AHH | New York Stock Exchange |
| 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share | AHHPrA | New York Stock Exchange |
From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks AH Realty Trust, Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 68 risks under these headings, as written.5
- Risks Related to Our Real Estate Business
- Adverse economic and geopolitical conditions and dislocations in the credit markets could have a material adverse effect on our financial condition, results of operations, cash flow, cash available for distribution, and ability to service our debt obligations.
- Our recently announced strategic repositioning may not be successfully executed and could materially and adversely affect our business, financial condition, results of operations, cash flow, and ability to make distributions to our stockholders.
- We may be unable to identify and complete acquisitions of properties and development opportunities that meet our investment criteria, which may materially and adversely affect our results of operations, cash flow, and growth prospects.
- We may dispose of certain properties over time as we seek to pursue growth through our investment strategy. However, investments in real estate are illiquid, and it may not be possible to dispose of assets in a timely manner or on favorable terms, which could adversely affect our financial condition, operating results, and cash flows.
- The geographic concentration of our portfolio could cause us to be more susceptible to adverse economic or regulatory developments in the markets in which our properties are located than if we owned a more geographically diverse portfolio.
- We may not be able to rebuild our existing properties to their existing specifications if we experience a substantial or comprehensive loss of such properties, including as a result of hurricanes or other disasters.
- We have a substantial amount of indebtedness outstanding, which may expose us to the risk of default under our debt obligations and may include covenants that restrict our ability to pay distributions to our stockholders.
- Failure to maintain our current credit rating could adversely affect our cost of funds, related margins, liquidity, and access to the debt capital markets.
- Increases in interest rates, or failure to hedge effectively against interest rate changes, will increase our interest expense and may adversely affect our financial condition, results of operations, cash flow, cash available for distribution, and ability to service our debt obligations.
- Our growth depends on external sources of capital that are outside of our control and may not be available to us on commercially reasonable terms or at all, which could limit our ability to, among other things, meet our capital and operating needs or make the cash distributions to our stockholders necessary to maintain our qualification as a REIT.
- We may be unable to renew leases, lease vacant space, or re-lease space on favorable terms or at all as leases expire, which could materially and adversely affect our financial condition, results of operations, cash flow, cash available for distribution, and ability to service our debt obligations.
The other 57 risks
- Tenant demand in our office portfolio may decline due to disruptions to the office sector, which could materially and adversely affect us.
- The short-term leases in our multifamily portfolio expose us to the effects of declining market rents, which could adversely affect our results of operations, cash flow and cash available for distribution.
- Competition for property acquisitions and development opportunities may reduce the number of opportunities available to us and increase our costs, which could have a material adverse effect on our growth prospects.
- Increased competition and increased affordability of residential homes could limit our ability to retain our residents, lease apartment units, or increase or maintain rents at our multifamily apartment communities.
- The failure of properties that we acquire or develop to meet our financial expectations could have a material adverse effect on us, including our financial condition, results of operations, cash flow, cash available for distribution, ability to service our debt obligations, the per share trading price of our common stock and Series A Preferred Stock, and growth prospects.
- We may be required to make rent or other concessions or significant capital expenditures to improve our properties in order to retain and attract tenants, which may materially and adversely affect our financial condition, results of operations, cash flow, cash available for distribution, and ability to service our debt obligations.
- Failure to succeed in new markets may limit our growth.
- Real estate financing investments are subject to significant risks, and losses related to these investments could have a material adverse effect on our financial condition and results of operations.
- A bankruptcy or insolvency of any of our significant tenants in our office or retail properties could have a material adverse effect on our financial condition, results of operations, cash flow, cash available for distribution, and ability to service our debt obligations.
- Many of our operating costs and expenses are fixed and will not decline if our revenues decline.
- Most of our costs, such as operating and general and administrative expenses, interest expense, and real estate acquisition costs, are subject to inflation.
- Adverse conditions in the general retail environment could have a material adverse effect on our financial condition, results of operations, cash flow, cash available for distribution, and ability to service our debt obligations.
- Mortgage debt obligations expose us to the possibility of foreclosure, which could result in the loss of our investment in a property or group of properties subject to mortgage debt.
- Our credit facility, M&T term loan facility (as defined below), and TD term loan facility (as defined below) restrict our ability to engage in certain business activities, including our ability to incur additional indebtedness, make capital expenditures, and make certain investments.
- An epidemic, pandemic or other health crisis and measures intended to prevent the spread of such an event could have a material adverse effect on our financial condition, results of operations, cash flow, cash available for distribution, and ability to service our debt obligations.
- A cybersecurity incident or other technology disruptions could negatively impact our business, our relationships, and our reputation.
- Any material weakness in our internal control over financial reporting could have an adverse effect on the trading price of our common stock and Series A Preferred Stock.
- Our use of OP Units as consideration to acquire properties could result in stockholder dilution or limit our ability to sell such properties, which could have a material adverse effect on us.
- Our success depends on key personnel whose continued service is not guaranteed, and the loss of one or more of our key personnel could adversely affect our ability to manage our business and to implement our growth strategies or could create a negative perception of our company in the capital markets.
- Joint venture investments could be materially and adversely affected by our lack of sole decision-making authority, our reliance on co-venturers’ financial condition, and disputes between us and our co-venturers.
- Expectations of our company relating to environmental, social and governance factors may impose additional costs and expose us to new risks.
- We may be subject to ongoing or future litigation, including existing claims relating to the entities that owned the properties prior to our initial public offering and otherwise in the ordinary course of business, which could have a material adverse effect on our financial condition, results of operations, cash flow, the per share trading price of our common stock and Series A Preferred Stock, cash available for distribution, and ability to service our debt obligations.
- Risks Related to the Real Estate Industry
- Illiquidity of real estate investments could significantly impede our ability to respond to adverse changes in the performance of our properties and harm our financial condition.
- Our tax protection agreements could limit our ability to sell or otherwise dispose of certain properties.
- As an owner of real estate, we could incur significant costs and liabilities related to environmental matters.
- We are subject to risks from natural disasters, such as hurricanes and flooding, and the risks associated with the physical effects of climate change.
- We may be subject to unknown or contingent liabilities related to acquired properties and properties that we may acquire in the future, which could have a material adverse effect on us.
- Our properties may contain or develop harmful mold or suffer from other air quality issues, which could lead to liability for adverse health effects and costs of remediation.
- We may incur significant costs complying with various federal, state, and local laws, regulations, and covenants that are applicable to our properties.
- Risks Related to Our Organizational Structure
- Daniel Hoffler and his affiliates own, directly or indirectly, a substantial beneficial interest in our company on a fully diluted basis and have the ability to exercise significant influence on our company and our Operating Partnership, including the approval of significant corporate transactions.
- Conflicts of interest may exist or could arise in the future between the interests of our stockholders and the interests of holders of units in our Operating Partnership, which may impede business decisions that could benefit our stockholders.
- Our charter contains certain provisions restricting the ownership and transfer of our stock that may delay, defer, or prevent a change of control transaction that might involve a premium price for our common stock or that our stockholders otherwise believe to be in their best interests.
- We could increase the number of authorized shares of stock, classify and reclassify unissued stock, and issue stock without stockholder approval.
- Certain provisions of Maryland law could inhibit changes of control, which may discourage third parties from conducting a tender offer or seeking other change of control transactions that could involve a premium price for our common stock or that our stockholders otherwise believe to be in their best interests.
- Certain provisions in the partnership agreement of our Operating Partnership may delay, make more difficult, or prevent unsolicited acquisitions of us.
- Our rights and the rights of our stockholders to take action against our directors and officers are limited.
- We are a holding company with no direct operations and, as such, we will rely on funds received from our Operating Partnership to pay liabilities, and the interests of our stockholders will be structurally subordinated to all liabilities and obligations of our Operating Partnership and its subsidiaries.
- Our Operating Partnership may issue additional OP Units to third parties without the consent of our stockholders, which would reduce our ownership percentage in our Operating Partnership and could have a dilutive effect on the amount of distributions made to us by our Operating Partnership and, therefore, the amount of distributions we can make to our stockholders.
- Risks Related to Our Status as a REIT
- Failure to maintain our qualification as a REIT would cause us to be taxed as a regular corporation, which would substantially reduce funds available for distribution to our stockholders.
- Even if we qualify as a REIT, we may face other tax liabilities that reduce our cash flows.
- Complying with REIT requirements may cause us to forego otherwise attractive opportunities or liquidate otherwise attractive investments.
- The prohibited transactions tax may limit our ability to dispose of our properties.
- Changes to the U.S. federal income tax laws, including the enactment of certain tax reform measures, could have an adverse impact on our business and financial results.
- The ability of our board of directors to revoke our REIT qualification without stockholder approval may cause adverse consequences to our stockholders.
- Our ownership of our TRS will be subject to limitations and our transactions with our TRS will cause us to be subject to a 100% penalty tax on certain income or deductions if those transactions are not conducted on arm’s-length terms.
- Shareholders may be restricted from acquiring or transferring certain amounts of our capital stock.
- Dividends payable by REITs do not qualify for the reduced tax rates available for some dividends.
- If our Operating Partnership failed to qualify as a partnership for federal income tax purposes, we would cease to qualify as a REIT and suffer other adverse consequences.
- To maintain our REIT status, we may be forced to borrow funds during unfavorable market conditions, and the unavailability of such capital on favorable terms at the desired times, or at all, may cause us to curtail our investment activities or dispose of assets at inopportune times or on unfavorable terms, which could materially and adversely affect our financial condition, results of operations, cash flow, cash available for distribution, and ability to service our debt obligations.
- Risks Related to Our Capital Stock
- We may be unable to make distributions at expected levels, which could result in a decrease in the market price of our common stock and Series A Preferred Stock.
- The market price and trading volume of our common stock and Series A Preferred Stock may be volatile and could decline substantially in the future.
- The number of shares of our common stock available for future issuance or sale could adversely affect the per-share trading price of our common stock and our ability to obtain additional capital.
- Increases in market interest rates may have a material adverse effect on the trading prices of our common stock and Series A Preferred Stock as prospective purchasers of our common stock and Series A Preferred Stock may expect a higher dividend yield and as an increased cost of borrowing may decrease our funds available for distribution.
- We cannot guarantee that our Share Repurchase Program will be fully consummated or that it will enhance long-term stockholder value. Share repurchases could also increase the volatility of the trading price of our stock and could diminish our cash reserves.
- Our Series A Preferred Stock is subordinate to our existing and future debt, and the interests of holders of our Series A Preferred Stock could be diluted by the issuance of additional shares of preferred stock and by other transactions.
- Holders of our Series A Preferred Stock have extremely limited voting rights.
- Holders of our Series A Preferred Stock may not be permitted to exercise conversion rights upon a change of control. If exercisable, the change of control conversion feature of our Series A Preferred Stock may not adequately compensate preferred stockholders, and the change of control conversion and redemption features of our Series A Preferred Stock may make it more difficult for a party to take over our company or discourage a party from taking over our company.
Legal proceedings
The nature of our business exposes our properties, us and the Operating Partnership to the risk of claims and litigation in the normal course of business. Other than routine litigation arising out of the ordinary course of business, we are not presently subject to any material litigation nor, to our knowledge, is any material litigation threatened against us.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARShawn J. Tibbetts, President
- 17SEC EDGARShelly R. Hampton, President
- 18SEC EDGAREric E. Apperson, President
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- 22SEC EDGARAlan R. Hunt, Vice President
- 23SEC EDGARAnthony P. Nero, Vice President
- 24SEC EDGAREric E. Apperson, Vice President
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- 26SEC EDGARShelly R. Hampton, Vice President
- 27SEC EDGARLori Wittman, Board member
- 28SEC EDGARTheodore Bigman, Board member
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- 30SEC EDGARDennis H. Gartman, Board member
- 31SEC EDGARDorothy McAuliffe, Board member
- 32SEC EDGAREva S. Hardy, Board member
- 33SEC EDGARA. Russell Kirk, Board member
- 34SEC EDGARDaniel A. Hoffler, Board member
- 35SEC EDGARJames A. Carroll, Board member
- 36SEC EDGARJames C. Cherry, Board member
- 37SEC EDGARJoseph W. Prueher, Board member
- 38SEC EDGARRegulation FD disclosure
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- 40SEC EDGARShareholder vote
- 41SEC EDGARRegulation FD disclosure
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- 43SEC EDGARRegulation FD disclosure
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- 46SEC EDGARChange of auditor
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- 49SEC EDGARExecutive or director change
- 50NasdaqNasdaq calendar
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