AH Realty Trust (AHRT) Operating Expenses (2012 - 2026)

AH Realty Trust (AHRT) 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) 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 29.26 Bn 28.78 Bn 1.01 Bn 16.94 Mn
2 Broadstone Net Lease 3.95 Bn 4.05 Bn - 58.06 Mn
3 American Assets Trust 1.46 Bn 1.40 Bn - 86.87 Mn
4 Safehold 1.13 Bn 1.14 Bn 109.54 Mn 85.31 Mn
5 Empire State Realty Trust 916.51 Mn 1.65 Bn - 47.74 Mn
6 JBG SMITH Properties 880.19 Mn 1.38 Bn - 135.70 Mn
7 CTO Realty Growth 672.82 Mn 672.82 Mn 31.01 Mn 5.08 Mn
8 Gladstone Commercial 608.72 Mn 778.76 Mn - 25.24 Mn
9 AH Realty Trust 540.92 Mn 723.25 Mn - 40.55 Mn
10 One Liberty Properties 510.56 Mn 490.30 Mn - 18.68 Mn

Historic Data

Download Data
DateValue
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