AH Realty Trust (AHRT-PA) Operating Expenses (2012 - 2026)
AH Realty Trust (AHRT-PA) reported Operating Expenses of $40.5 million for Q1 2026, down 4.2% on a YoY basis from $42.3 million in Q1 2025, and up 1.36% quarter-over-quarter from $40.0 million in Q4 2025.
AH Realty Trust (AHRT-PA) Operating Expenses (2012 - 2026) Analysis & Trends
AH Realty Trust has reported Operating Expenses for 15 years, with the latest figure at $40.5 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 4.2% year-over-year to $40.5 million; the trailing twelve-month figure through Mar 2026 stood at $159.6 million (down 6.27% YoY), and the FY2025 full-year result was $161.4 million, down 3.08% from the prior year.
- Operating Expenses for Q1 2026 stood at $40.5 million, up from $40.0 million in the prior quarter.
- The five-year high for Operating Expenses was $143.9 million in Q3 2023, with the low at -$216.8 million in Q4 2023.
- Historically, Operating Expenses has averaged $56.0 million across 5 years, with a median of $42.3 million in 2025.
- Annual changes were most pronounced in 2023 — Operating Expenses plunged 262.24% — and 2024, when it jumped 119.05%.
- AH Realty Trust's Operating Expenses stood at $133.7 million in 2022, then sank by 262.24% to -$216.8 million in 2023, then jumped by 119.05% to $41.3 million in 2024, then declined by 3.17% to $40.0 million in 2025, then advanced by 1.36% to $40.5 million in 2026.
- The last three Operating Expenses figures came in at $40.5 million (Q1 2026), $40.0 million (Q4 2025), and $42.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.90 Bn | 29.42 Bn | 1.01 Bn | 16.94 Mn |
| 2 | Broadstone Net Lease | 4.01 Bn | 4.11 Bn | - | 58.06 Mn |
| 3 | American Assets Trust | 1.48 Bn | 1.42 Bn | - | 86.87 Mn |
| 4 | Safehold | 1.14 Bn | 1.15 Bn | 109.54 Mn | 85.31 Mn |
| 5 | Empire State Realty Trust | 973.69 Mn | 1.70 Bn | - | 47.74 Mn |
| 6 | JBG SMITH Properties | 887.28 Mn | 1.38 Bn | - | 135.70 Mn |
| 7 | CTO Realty Growth | 676.07 Mn | 676.07 Mn | 31.01 Mn | 5.08 Mn |
| 8 | Gladstone Commercial | 618.88 Mn | 788.92 Mn | - | 25.24 Mn |
| 9 | AH Realty Trust | 547.30 Mn | 729.64 Mn | - | 40.55 Mn |
| 10 | AH Realty Trust | - | - | - | 40.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 40.55 Mn |
| Dec 31, 2025 | 40.00 Mn |
| Sep 30, 2025 | 41.97 Mn |
| Jun 30, 2025 | 37.10 Mn |
| Mar 31, 2025 | 42.33 Mn |
| Dec 31, 2024 | 41.31 Mn |
| Sep 30, 2024 | 41.73 Mn |
| Jun 30, 2024 | 44.93 Mn |
| Mar 31, 2024 | 38.55 Mn |
| Dec 31, 2023 | -216.83 Mn |
| Sep 30, 2023 | 143.90 Mn |
| Jun 30, 2023 | 142.67 Mn |
| Mar 31, 2023 | 123.84 Mn |
| Dec 31, 2022 | 133.65 Mn |
| Sep 30, 2022 | 106.11 Mn |
| Jun 30, 2022 | 84.93 Mn |
| Mar 31, 2022 | 65.50 Mn |
| Dec 31, 2021 | 75.74 Mn |
| Sep 30, 2021 | 54.83 Mn |
| Jun 30, 2021 | 56.05 Mn |