AH Realty Trust, Inc. filed a Current Report on Form 8-K dated September 16, 2026, disclosing investor presentation materials and outlining a strategic plan to reduce its leverage ratio.
The company reported a net debt-to-Adjusted EBITDAre ratio of 7.1x as of June 30, 2026, down from approximately 8.3x in the first quarter of 2026. Management stated that this ratio is on track to reach a target range of 5.5x to 6.5x following the completion of its strategic transformation.
The filing details a capital allocation strategy focused on debt reduction and share repurchases. Through June 30, 2026, the company repurchased approximately 5.6 million common shares at a weighted average price of $5.92. Additionally, the company utilized $460.5 million in proceeds from the sale of nine multifamily properties to pay down debt.
The company also outlined a revised 2026 outlook. Management projects total commercial net operating income (NOI) between $131.8 million and $135.3 million. For the full year, the company expects to complete the disposition of its remaining multifamily portfolio and exit its real estate financing platform.
Regarding the balance sheet, the company noted that 100% of its debt is fixed or hedged as of June 30, 2026. The company also announced a new share repurchase authorization of up to $100 million.
