2 models fit AH Realty Trust Inc. Common Stock and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
Discount(i)Bronze43
Valued as a REIT (property company): Price to FFO, Dividend discount, and EV/EBITDA comparison.
ACCE opinionAH Realty Trust Inc. Common Stock (AHRT)
Fair value (2 models)
$7.72
ACCE price target
$5.75
Rating
Undervalued
Horizon
12 months
Fair value published on 15 Oct 2026, 00:00 CEST; previously $7.98 since 11 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 14:06 CEST.
Price used: $6.10 at the close on 23 Oct 2026, 22:00 CEST.
Models: Dividend discount, EV/EBITDA comparison, and Price to FFO.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
21.0% below
+26.5% to fair value
ACCE score
41
out of 100
Analysts
50% buy
4 covering
P/E
0.0x
forward 39.5x
1-year return
-9.8%
Dividend yield
9.44%
AH Realty Trust Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
AH Realty Trust is a diversified REIT with a $573M market cap, and the filing data we have gives little detail on its specific property mix, so any read on the portfolio has to start from the financials. Revenue growth of 3.9% is modest, and a 67.2% gross margin against a 24.1% operating margin points to a real estate cost base that absorbs much of the top line, which is typical of a leveraged property owner. The return on equity of -0.3% means the trust is roughly breaking even on book value, and a 39.5x forward P/E against a trailing P/E of zero leaves the earnings base thin enough that the multiple tells us little on its own. The composite score of 41/100 and the absence of index membership suggest the market is not yet paying for a stable earnings stream, so the case for a deeper look depends on whether management can convert that 3.9% growth into per-share earnings. The next step is to check the debt maturity schedule and the occupancy trend in the latest filings before deciding whether the name merits further work.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Heavy leverage, thin equity
Debt/Equity of 2.86 leaves little cushion for a REIT with net margin of -12.6% and ROE of -0.3%. Interest costs can squeeze free cash flow of $17M.
moderate
Long-term revenue decline
Revenue has compounded at -5.8% over five years, while the latest year shows only +3.9%. Growth has not yet shown a durable turn.
moderate
Score slipping over 90 days
The ACCE score fell from 43 to 39 over 90 days, with the quality component at 46 and growth at 28. The trend is weakening.
moderate
Elevated short interest
Short interest stands at 6.7% of ownership. Shorts are betting against a stock that already trades 21.0% below the model fair value of $7.72, so the market is skeptical of the thesis.
AI research notes
AI-assisted·How I use AIWritten Oct 19, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Free cash flow over the last twelve months came to $17M, showing the business generates real cash despite reported losses.
Revenue grew 3.9% year over year, a turn after a five-year average decline of 5.8% per year.
Why it could disappoint
Debt is 2.86 times equity, a heavy load for a company still reporting a net margin of -12.6%.
Return on invested capital of 0.2% suggests the money tied up in the business earns almost nothing.
The shares trade at a forward P/E of 39.5x, a rich multiple for a company with negative returns on equity.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 2, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where AHRT's valuation models land
Price
$6.10
Model fair value
$7.72
Model range
$4.46 to $10.97
Fair value $7.72
Price $6.10
The price sits inside the model range.
Model
Fair value
Upside
Dividend discount
EV/EBITDA comparison
Price to FFO
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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+Conviction breakdown and growth / value / quality / momentum scores