
AH Realty Trust Series A preferred shares offer a ~7.8% yield, trading at a discount to par and usually benefiting from Section 199A tax treatment. AHRT.PR.A's dividend coverage is decent, with FFO of ~$15M versus ~$2.9M in preferred dividends, and a common equity base of ~$398M. Interest rate sensitivity is high (duration ~12.8 years), but the current discount to par mitigates call risk and negative convexity for now.










