AH Realty Trust Q2 2026 Earnings Call: Complete Transcript

AH Realty Trust (NYSE: AHRT ) released second-quarter financial results and hosted an earnings call on Tuesday.

Read the complete transcript below.

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For comprehensive financial data and transcripts, visit Access the full call at Summary AH Realty Trust reported a strong second quarter 2026, raising its full-year FFO as adjusted guidance to $0.53-$0.57 per diluted share, reflecting successful transformation efforts.

The company executed major strategic shifts, including exiting multifamily and construction businesses, significantly deleveraging the balance sheet by paying down $460 million in debt, and focusing on high-quality retail and mixed-use office assets.

AH Realty Trust's retail and mixed-use office portfolios demonstrated solid performance with high occupancy rates of 95.1% and 96.7% respectively, and positive NOI growth in both segments.

The company completed sales of several multifamily properties and plans further asset sales to continue debt reduction and capital optimization.

Management emphasized a strategic focus on shareholder value creation through disciplined capital allocation, including share repurchases and targeted developments in high-growth markets.

Full Transcript Kate, Operator Thank you for standing by.

My name is Kate, and I'll be your conference operator today.

At this time, I would like to welcome everyone to the AH Realty Trust second quarter 2026 earnings call.

All lines have been placed on mute to prevent any background noise.

After the speakers' remarks, there will be a question-and-answer session.

If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad.

If you would like to withdraw your question, press star one again.

Thank you.

I would now like to turn the call over to Chelsea Forrest, EVP of Investor Relations.

Please go ahead.

Chelsea Forrest, Vice President of Corporate Communications and Investor Relations Good morning, and thank you for joining AH Realty Trust second quarter 2026 earnings conference call and webcast.

On the call this morning, in addition to myself, is Shawn Tibbetts, Chairman, President and CEO; Matthew Barnes-Smith, CFO; and Craig Ramiro, EVP of Asset Management.

The press release announcing our second quarter earnings, along with our supplemental package, were distributed yesterday afternoon.

A telephonic replay will be available shortly after the conclusion of the call through Thursday, September 3, 2026.

The numbers to access the replay are provided in the earnings press release.

For those who listen to the rebroadcast of this presentation, we remind you that the remarks made herein are as of today, August 4, 2026, and will not be updated subsequent to this initial earnings call.

During this call we may make forward-looking statements, including statements related to the future performance of our portfolio transactions, Invol Multifamily Portfolio, our real estate financing program and our construction business and the use of proceeds from such transactions, our rebranding and the efforts thereof, the consequences of our strategic transformation, our liquidity position, as well as comments on our outlook.

Listeners are cautioned that any forward-looking statements are based upon management's beliefs, assumptions, and expectations, taking into account information that is currently available.

These beliefs, assumptions, and expectations may change as a result of possible events or factors, not all of which are known and many of which are difficult to predict and generally beyond our control.

These risks and uncertainties can cause actual results to differ materially from our current expectations, and we advise listeners to review the forward-looking statement disclosure in our press release that we distributed yesterday and the risk factors disclosed in documents we have filed with or furnished to the SEC.

We will also discuss certain non-GAAP financial measures, including but not limited to FFO, normalized FFO, and FFO as adjusted.

Definitions of these non-GAAP measures, as well as reconciliations to the most comparable GAAP measures, are included in the quarterly supplemental package, which is available on our website at ahrealtytrust.com.

I will now turn the call Kate, Operator Over to Shawn.

Shawn Tibbetts, Chairman, President and Chief Executive Officer Good morning and thank you for joining us today.

Given our year-to-date results, we are raising our full year 2026 FFO as adjusted guidance range to $0.53 to $0.57 per diluted share.

I will discuss where AH Realty Trust stands today, the milestones we achieved this quarter and portfolio highlights before closing with a look at our current capital allocation strategy and outlook.

Let me be direct: this has been the most consequential and productive quarter in AH Realty Trust history.

When we announced our restructuring plan just over five months ago, we made key commitments to our shareholders.