AH Realty Trust raises 2026 outlook
AHRT•AH Realty Trust raised its 2026 adjusted FFO guidance to $0.57-$0.59 per share after third-quarter adjusted FFO fell year over year to $0.16 per share. The company cited NOI growth and debt reduction.
1. Raised guidance
AH Realty Trust raised its full-year 2026 adjusted FFO guidance to $0.57-$0.59 per share. It expects 2026 retail same-store cash NOI growth of 2.5%-3.5% and office growth of 3%-4%, with no acquisitions and further debt paydowns.
2. Quarterly drivers
Third-quarter adjusted FFO per share fell year over year to $0.16. The company cited same-store NOI growth of 6.8% in retail and 5.2% in office, better-than-anticipated office leasing activity and spreads, and earlier-than-expected retail tenant openings and rent commencements. Nearly $500 million in debt repayments lowered interest expense.
3. Capital actions
AH Realty Trust repurchased 0.8 million shares in the third quarter and completed asset sales and refinancing.
