AH Realty Trust, Inc. (NYSE: AHRT) reported its financial results for the third quarter ended September 30, 2026, in a Form 8-K filing dated November 2, 2026. The company reported a GAAP net loss of $0.07 per diluted share for the quarter, compared to a net loss of $0.04 per diluted share in the prior year period. The net loss available to common stockholders and OP Unitholders totaled $6.6 million.
Funds from operations (FFO) available to common stockholders and OP Unitholders for the third quarter was $15.2 million, or $0.16 per diluted share. This represents a decrease from the $20.2 million, or $0.20 per diluted share, reported in the same period of 2025. The company reported FFO, as adjusted of $15.3 million, or $0.16 per diluted share, for the quarter.
Portfolio performance showed growth in same-store net operating income (NOI). On a cash basis, retail same-store NOI increased 6.8% and office same-store NOI increased 5.2% compared to the prior year. The company also reported positive new and renewal leasing spreads for both retail and office segments.
In terms of balance sheet activity, the company repurchased 0.8 million shares of common stock for $4.9 million during the quarter, bringing the year-to-date total to 6.4 million shares repurchased for $38.2 million at an average cost of $5.96 per share.
On October 28, 2026, the company refinanced the loan secured by the Constellation Energy Building, extending the maturity date to October 28, 2029. Additionally, the company recast its credit facilities, including the M&T term loan facility and the TD Bank term loan facility. The new structure includes a $150.0 million revolving credit facility with a 5-year maturity and term loans totaling $400.0 million with maturities ranging from 4 to 7 years. The company also entered into a $100.0 million term loan with a 7-year term. The recasting includes an accordion feature allowing total commitments to increase to $1.0 billion.
On October 30, 2026, AH Realty Trust sold The Everly and Solis Gainesville II multifamily assets for $95.5 million. On October 29, 2026, the Solis Kennesaw real estate financing investment was fully redeemed for $15.7 million.
Regarding guidance, the company raised its full-year 2026 FFO, as adjusted guidance to a range of $0.57 to $0.59 per diluted share. This represents an increase from the original guidance range. The updated guidance assumes a retail same-store NOI cash growth range of 2.50% to 3.50% and office same-store NOI cash growth of 3.00% to 4.00%.
