AH Realty Trust, Inc. · NYSE:AHRT
AH Realty Trust — Corporate Update (February 2025)
6 slides from AH Realty Trust's corporate update, Feb 19, 2025
Slide 1: Guidance Presentation 2025
CLICK TO EDIT MASTER TITLE STYLE 1 GUIDANCE PRESENTATION 2025
Slide 2: 2025 Outlook & Assumptions
2025 OUTLOOK & ASSUMPTIONS 2 $ IN MILLIONS LOW HIGH PROPERTY PORTFOLIO NOI $171.2M $175.8M CONSTRUCTION SEGMENT PROFIT $6.8M $8.6M G&A EXPENSES ($17.6M) ($16.6M) INTEREST INCOME $15.7M $16.7M ADJUSTED INTEREST EXPENSE(1) ($63.5M) ($59.5M) NORMALIZED FFO PER DILUTED SHARE $1.00 $1.10 (1) Includes the
Slide 3: Estimated NOI & Fee Income
ESTIMATED NOI & FEE INCOME 3 $ IN MILLIONS Projected Fully Stabilized 2021 2022 2023 2024 2025E⁽¹⁾ Portfolio⁽¹⁾ CAGR (2) Property Portfolio NOI $124 $146 $160 $171 $174 $176 6% JV Property Income(3) - - - - 3 4 0% Construction Gross Profit 4 8 13 14 8 8 12% Interest Income 18 17 15 19 16 12 -7% Tota
Slide 4: Evolving Stabilized Portfolio GAAP NOI Composition
EVOLVING STABILIZED PORTFOLIO 4 GAAP NOI COMPOSITION $ IN MILLIONS PORTFOLIO COMPOSITION(1) 2024 2025E MIDPOINT(2) FULLY STABILIZED(2) RETAIL $76 $71 $72 OFFICE $61 $63 $64 MULTIFAMILY $34 $40 $40 (3) JV PROPERTY INCOME $0 $3 $4 TOTAL $171 $177 $181 Projected Property Segment 2024 2025E Guidance Mid
Slide 5: Trend Comparisons
TREND COMPARISONS 5 $ IN MILLIONS $200 $180 $160 $140 $120 $100 $80 $60 $40 $20 $0 Property Portfolio NOI Total Adjusted EBITDAre Normalized FFO Total Common Dividend 2023 2024 2025E 2023 2024 2025E Property Portfolio NOI $160 $171 $174 Total Adjusted EBITDAre $175 $181 $181 Normalized FFO $110 $119
Slide 6: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS 6 This presentation should be read in conjunction with the unaudited condensed consolidated financial statements appearing in our press release dated February 19, 2025 and the Supplemental Financial Package for the quarter and the fiscal year ending December 31, 2024 (the