ASPN

Aspen Aerogels

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Industrials

industry

Building Products & Equipment

Exchange

NYSE

County of HQ

United States

Next Earnings Date

05/14/26

Business Summary

AH Realty Trust operates as a diversified REIT, acquiring and managing income-producing real estate assets and distributing cash flows to shareholders. The model depends on acquiring properties at attractive cap rates, financing them efficiently, and generating rental income that exceeds operating and capital costs. Cash flow durability comes from lease structures and asset diversification rather than product innovation. The moat, if any, lies in disciplined capital allocation, access to financing, and portfolio management efficiency—advantages that are fragile when margins turn negative and returns compress.

VALUATION

P/E

-

Market Cap ($M USD)

$276

Forward P/E

-

PEG

-

PRICE TO SALES

1

PRICE TO BOOK

1.2

EV / EBITDA

-0.8

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

-$4.73

Next Year EPS Growth Estimate

$0.00

Next Year Revenue Growth Estimate

48.90%

Return on Equity (ROE)

-165.40%

Operating Margin

-19.00%

Debt-to-Equity

0.6

Piotroski F-Score

3

Altman Z-Score

-1.9

Return on Invested Capital (ROIC)

-64.00%%

Current Ratio

3.9

Quick Ratio

Gainseekers Quantitative Analysis

Summary

AH Realty Trust screens as a statistically confused and financially stressed small-cap REIT with a $453M market cap trading at 1.6x sales and 1x book, but the absence of a P/E and Forward P/E combined with an Altman Z-Score of 0.3 signals material balance sheet risk and potential distress. Operating Margin of -0.90% and projected EPS next year of -$0.14 imply deteriorating profitability despite current EPS of 12.7, suggesting earnings instability rather than durable cash flow. A Piotroski F-Score of 4 reinforces that this is a middling-quality balance sheet at best. The market is not mispricing growth here; it is discounting fragility. With a 3.30% ROE and 3.90% ROIC barely clearing mediocrity, this is not a compounder—it is a balance sheet trade with solvency risk attached.

AI Exposure / Tech Reliance

As a diversified REIT, AH Realty Trust’s AI exposure is indirect and operational rather than product-driven. AI-driven property analytics, tenant screening, and asset optimization tools could marginally improve efficiency, but with an Operating Margin of -0.90%, execution discipline matters more than technological edge. In this industry, resilience comes from capital structure and asset quality—not AI leverage.

The Bull Case

A deep value investor could argue the 1x Price/Book and 1.6x Price/Sales valuation already price in substantial pessimism for a company with a 3.3 Current Ratio and manageable Debt/Equity of 28.70%. The 3.90% ROIC exceeding the 3.30% ROE suggests capital is not being recklessly destroyed, and a Piotroski F-Score of 4, while not strong, indicates the company is not in outright financial freefall. A TTM Yield of 2.6 and Dividend Per Share USD of 9.90% may attract income-focused buyers willing to speculate on stabilization. Institutional Ownership % of $7.25 and a Consensus Rating of 7.60% with a 2.8 mean target price suggest there is at least some professional sponsorship and upside expectation. For a small-cap REIT at book value, even modest operational normalization could drive asymmetric upside.

The Bear Case

The bear case is straightforward and brutal: an Altman Z-Score of 0.3 is a distress-level reading, and negative Operating Margin combined with expected EPS of -$0.14 next year signals earnings deterioration. Sales Growth Next Year of -$0.17 indicates contraction, not recovery, and Short % of Float at 8.60% confirms that a meaningful portion of the market is betting against the equity. The absence of a Forward P/E and PEG Forward eliminates any credible growth narrative, while ROE of 3.30% is anemic for a leveraged real estate vehicle. Even with Debt/Equity at 28.70%, profitability weakness—not leverage—is the core threat; a REIT without operating margin discipline is structurally vulnerable. This is not a growth-at-a-reasonable-price story—it is a turnaround speculation with solvency risk.

Market Sentiment & Smart Money

Short Interest %

10.20%

Analyst Consensus

2.14

Average Analyst Price Target

$4.20

Institutional Ownership %

71.20%

1-Year Beta

1.85

Insider Buying % (6 Mo)

16.20%%

Distance to 52-Week High

34.20%%

Distance to 52-Week Low

145.20%%