AH REALTY TRUST, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $285.2M | $274.1M | $253.9M | $471.1M | $302.5M | $383.6M | $257.2M | $193.3M |
| Cost of Revenue | — | — | — | — | — | — | $101.5M | $73.6M |
| Gross Profit | — | — | $184.0M | $167.2M | $142.8M | $117.1M | $106.4M | $81.1M |
| Gross Margin | — | — | 72.5% | 35.5% | 47.2% | 30.5% | 41.4% | 41.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $20.3M | $19.3M | $17.2M | $15.7M | $14.6M | $12.9M | $12.4M | $11.4M |
| Operating Income | $80.9M | $92.5M | $61.1M | $134.4M | $59.2M | $48.7M | $42.6M | $32.0M |
| Operating Margin | 28.4% | 33.8% | 24.1% | 28.5% | 19.6% | 12.7% | 16.6% | 16.6% |
| Interest Expense | $8.0M | $6.6M | $57.8M | $39.7M | $33.9M | $31.0M | $31.3M | $19.1M |
| Pretax Income | — | $41.9M | $9.0M | $99.8M | $24.7M | $36.7M | $31.8M | $23.5M |
| Income Tax Expense | $-482.0K | $-614.0K | $1.3M | $-145.0K | $-742.0K | $-283.0K | $-491.0K | $-29.0K |
| Net Income | $5.6M | $35.6M | $8.3M | $74.7M | $21.9M | $29.2M | $24.1M | $17.2M |
| Net Margin | 2.0% | 13.0% | 3.3% | 15.9% | 7.2% | 7.6% | 9.4% | 8.9% |
| EPS (Basic) | $-0.07 | $0.34 | $-0.05 | $0.94 | $0.17 | $0.38 | $0.41 | $0.36 |
| EPS (Diluted) | $-0.07 | $0.34 | $-0.05 | $0.94 | $0.17 | $0.38 | $0.41 | $0.36 |
| Shares Outstanding (Basic) | 80.1M | 70.7M | 67.7M | 67.6M | 60.6M | 57.3M | 53.1M | 47.5M |
| Shares Outstanding (Diluted) | 80.1M | 70.7M | 67.7M | 67.6M | 60.6M | 57.3M | 53.1M | 47.5M |
| Dividends Per Share | $0.56 | $0.82 | $0.78 | $0.72 | $0.64 | $0.44 | $0.84 | $0.80 |