AHRTAH Realty Trust, Inc.
Real Estate
- Revenue
- $210M
- 52% YoY
- Operating margin
- 23.1%
- 69% YoY
- EBITDA
- $121M
- 5.0% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 7.7×
- $935M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear16× net incomeCash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowFired117% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $92M | $235M | $413M | $433M | $210M | 52% |
| Operating income | $59M | $134M | $61M | $59M | $49M | 18% |
| Net income | $26M | $100M | $8M | $43M | $4M | 91% |
| Operating cash flow | $91M | $117M | $93M | $112M | $64M | 43% |
| Stock-based comp | $2M | $3M | $4M | $5M | $7M | 34% |
| Buybacks | $0 | $0 | $13M | $0 | $0 | |
| Dividends | $59M | $73M | $80M | $84M | $75M | 10% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $36K · 4
- Open-market sells, 12 mo
- $0 · 0
- Net
- $36K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $6M | $5M | 82 | 138 |
| FY2024 | $3M | $3M | 75 | 123 |
| FY2023 | $3M | $3M | 84 | 114 |
| FY2022 | $3M | $2M | 73 | 100 |
| FY2021 | $2M | $2M | 91 | 132 |