AH Realty Trust raises 2026 outlook

Overview

• US retail and mixed-use office REIT's Q3 adjusted FFO per share fell yr/yr to $0.16

• Company raised full-year 2026 adjusted FFO guidance, citing NOI growth and debt reduction

• AH Realty Trust repurchased 0.8 mln shares in Q3 and completed asset sales and refinancing

Outlook

• AH Realty Trust raises 2026 full-year FFO, as adjusted, guidance to $0.57-$0.59 per share

• Company expects 2026 retail same-store NOI cash growth of 2.5%-3.5% and office growth of 3%-4%

• Company anticipates no acquisitions and further debt paydowns in 2026

Result Drivers

• PORTFOLIO NOI GROWTH - Co cited higher same-store net operating income in both retail (+6.8%) and office (+5.2%) segments as supporting results

• OFFICE AND RETAIL LEASING - Better than anticipated office leasing activity and spreads, as well as sooner than expected retail tenant openings and rent commencements, contributed to performance

• DEBT REDUCTION - Lower interest expense from nearly $500 mln in debt repayments aided results

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the diversified reits peer group is "buy"

• Wall Street's median 12-month price target for AH Realty Trust, Inc is $7.00, about 15.1% above its October 30 closing price of $6.08

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)