Armada Hoffler Properties Inc
NYSE:AHH
Income Statement
Earnings Waterfall
Armada Hoffler Properties Inc
Revenue
|
667.2m
USD
|
Cost of Revenue
|
-478.6m
USD
|
Gross Profit
|
188.6m
USD
|
Operating Expenses
|
-115.5m
USD
|
Operating Income
|
73m
USD
|
Other Expenses
|
-76.3m
USD
|
Net Income
|
-3.3m
USD
|
Income Statement
Armada Hoffler Properties Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
140
N/A
|
143
+2%
|
141
-1%
|
153
+8%
|
168
+10%
|
181
+8%
|
212
+17%
|
239
+13%
|
252
+6%
|
265
+5%
|
256
-4%
|
245
-4%
|
258
+6%
|
289
+12%
|
315
+9%
|
320
+1%
|
303
-5%
|
264
-13%
|
230
-13%
|
210
-8%
|
193
-8%
|
190
-2%
|
198
+4%
|
219
+11%
|
257
+17%
|
299
+16%
|
338
+13%
|
367
+8%
|
384
+5%
|
375
-2%
|
344
-8%
|
313
-9%
|
284
-9%
|
286
+1%
|
324
+13%
|
383
+18%
|
454
+19%
|
526
+16%
|
588
+12%
|
628
+7%
|
667
+6%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(98)
|
(99)
|
(97)
|
(107)
|
(121)
|
(133)
|
(160)
|
(182)
|
(192)
|
(201)
|
(188)
|
(175)
|
(185)
|
(212)
|
(235)
|
(239)
|
(223)
|
(185)
|
(151)
|
(131)
|
(112)
|
(107)
|
(109)
|
(121)
|
(151)
|
(184)
|
(220)
|
(251)
|
(267)
|
(258)
|
(225)
|
(187)
|
(156)
|
(148)
|
(175)
|
(225)
|
(300)
|
(358)
|
(414)
|
(446)
|
(479)
|
|
Gross Profit |
42
N/A
|
44
+4%
|
45
+2%
|
46
+3%
|
47
+3%
|
49
+3%
|
52
+8%
|
57
+9%
|
60
+5%
|
65
+8%
|
68
+4%
|
70
+3%
|
74
+6%
|
77
+5%
|
80
+3%
|
81
+1%
|
80
-1%
|
79
-1%
|
79
-1%
|
79
+1%
|
81
+2%
|
83
+2%
|
89
+8%
|
98
+10%
|
106
+8%
|
115
+8%
|
118
+3%
|
116
-2%
|
117
+1%
|
118
+1%
|
119
+1%
|
125
+5%
|
128
+2%
|
138
+8%
|
149
+8%
|
158
+6%
|
154
-2%
|
168
+9%
|
174
+3%
|
181
+4%
|
189
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(22)
|
(27)
|
(23)
|
(24)
|
(25)
|
(26)
|
(28)
|
(30)
|
(32)
|
(35)
|
(38)
|
(41)
|
(45)
|
(47)
|
(48)
|
(48)
|
(48)
|
(47)
|
(47)
|
(49)
|
(51)
|
(53)
|
(57)
|
(63)
|
(67)
|
(72)
|
(73)
|
(71)
|
(73)
|
(78)
|
(82)
|
(85)
|
(85)
|
(86)
|
(88)
|
(89)
|
(90)
|
(90)
|
(92)
|
(98)
|
(116)
|
|
Selling, General & Administrative |
(7)
|
(8)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(13)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(16)
|
(17)
|
(17)
|
(18)
|
|
Depreciation & Amortization |
(15)
|
(16)
|
(16)
|
(17)
|
(18)
|
(19)
|
(20)
|
(22)
|
(23)
|
(26)
|
(29)
|
(32)
|
(35)
|
(37)
|
(37)
|
(38)
|
(37)
|
(37)
|
(37)
|
(38)
|
(40)
|
(41)
|
(45)
|
(50)
|
(55)
|
(59)
|
(60)
|
(59)
|
(61)
|
(64)
|
(68)
|
(71)
|
(70)
|
(71)
|
(72)
|
(73)
|
(74)
|
(74)
|
(75)
|
(80)
|
(97)
|
|
Other Operating Expenses |
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
20
N/A
|
17
-17%
|
21
+28%
|
22
+2%
|
22
-1%
|
22
+2%
|
24
+9%
|
27
+11%
|
29
+7%
|
30
+4%
|
30
0%
|
29
-3%
|
29
-1%
|
30
+6%
|
32
+5%
|
33
+2%
|
33
-1%
|
32
-2%
|
31
-2%
|
31
-2%
|
30
-3%
|
31
+3%
|
32
+6%
|
36
+11%
|
39
+9%
|
43
+9%
|
45
+6%
|
44
-2%
|
44
-2%
|
40
-8%
|
38
-7%
|
40
+6%
|
43
+9%
|
52
+20%
|
61
+18%
|
69
+13%
|
65
-7%
|
78
+20%
|
82
+5%
|
84
+2%
|
73
-13%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(13)
|
(15)
|
(13)
|
(16)
|
(16)
|
(14)
|
(14)
|
(11)
|
(10)
|
(10)
|
(9)
|
(8)
|
(7)
|
(6)
|
(9)
|
(10)
|
(11)
|
(13)
|
(12)
|
(12)
|
(11)
|
(10)
|
(12)
|
(13)
|
(12)
|
(14)
|
(13)
|
(15)
|
(20)
|
(25)
|
(14)
|
(34)
|
(36)
|
(40)
|
(64)
|
|
Non-Reccuring Items |
(3)
|
0
|
(1)
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
2
|
2
|
2
|
7
|
4
|
4
|
6
|
5
|
5
|
6
|
4
|
(0)
|
(6)
|
(7)
|
(8)
|
(10)
|
50
|
(4)
|
(3)
|
(1)
|
(0)
|
|
Gain/Loss on Disposition of Assets |
10
|
0
|
0
|
0
|
2
|
8
|
16
|
16
|
18
|
39
|
32
|
36
|
31
|
7
|
7
|
8
|
8
|
5
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
20
|
53
|
0
|
0
|
34
|
1
|
1
|
|
Total Other Income |
0
|
10
|
0
|
0
|
0
|
1
|
1
|
2
|
0
|
(1)
|
(0)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
1
|
1
|
0
|
1
|
1
|
0
|
1
|
0
|
0
|
1
|
0
|
1
|
0
|
(0)
|
54
|
1
|
(0)
|
(1)
|
|
Pre-Tax Income |
15
N/A
|
16
+5%
|
10
-38%
|
11
+15%
|
13
+16%
|
18
+43%
|
26
+44%
|
28
+7%
|
31
+11%
|
50
+60%
|
43
-14%
|
46
+8%
|
43
-7%
|
25
-41%
|
28
+9%
|
30
+9%
|
31
+2%
|
28
-8%
|
29
+1%
|
24
-17%
|
24
-1%
|
23
-2%
|
23
N/A
|
30
+28%
|
32
+8%
|
34
+8%
|
41
+19%
|
40
-3%
|
37
-8%
|
34
-8%
|
29
-13%
|
26
-11%
|
25
-6%
|
31
+24%
|
53
+74%
|
88
+65%
|
100
+13%
|
93
-6%
|
78
-17%
|
44
-44%
|
9
-80%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
0
|
1
|
1
|
0
|
(0)
|
(0)
|
(0)
|
1
|
1
|
1
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
|
Income from Continuing Operations |
15
|
15
|
9
|
11
|
13
|
18
|
26
|
28
|
31
|
50
|
42
|
46
|
43
|
25
|
27
|
29
|
30
|
28
|
29
|
25
|
24
|
23
|
23
|
29
|
32
|
35
|
41
|
40
|
37
|
34
|
30
|
27
|
26
|
32
|
54
|
89
|
100
|
93
|
77
|
43
|
8
|
|
Income to Minority Interest |
(5)
|
(6)
|
(4)
|
(4)
|
(5)
|
(7)
|
(10)
|
(10)
|
(12)
|
(18)
|
(15)
|
(16)
|
(15)
|
(8)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(7)
|
(6)
|
(6)
|
(6)
|
(8)
|
(8)
|
(9)
|
(11)
|
(9)
|
(8)
|
(6)
|
(5)
|
(4)
|
(4)
|
(5)
|
(10)
|
(23)
|
(25)
|
(24)
|
(20)
|
(8)
|
1
|
|
Net Income (Common) |
7
N/A
|
9
+21%
|
5
-41%
|
6
+17%
|
8
+26%
|
11
+47%
|
17
+46%
|
18
+7%
|
20
+11%
|
32
+63%
|
27
-14%
|
30
+9%
|
28
-6%
|
17
-41%
|
18
+9%
|
20
+13%
|
21
+3%
|
20
-4%
|
21
+4%
|
18
-16%
|
17
-3%
|
17
-1%
|
17
+1%
|
20
+17%
|
22
+8%
|
23
+5%
|
26
+16%
|
26
-3%
|
22
-15%
|
18
-17%
|
14
-22%
|
11
-20%
|
10
-10%
|
15
+47%
|
32
+114%
|
55
+69%
|
63
+16%
|
58
-8%
|
46
-21%
|
24
-48%
|
(3)
N/A
|
|
EPS (Diluted) |
0.39
N/A
|
0.47
+21%
|
0.28
-40%
|
0.32
+14%
|
0.37
+16%
|
0.45
+22%
|
0.66
+47%
|
0.68
+3%
|
0.47
-31%
|
0.69
+47%
|
0.56
-19%
|
0.58
+4%
|
0.56
-3%
|
0.44
-21%
|
0.42
-5%
|
0.47
+12%
|
0.35
-26%
|
0.44
+26%
|
0.45
+2%
|
0.35
-22%
|
0.27
-23%
|
0.33
+22%
|
0.32
-3%
|
0.37
+16%
|
0.41
+11%
|
0.41
N/A
|
0.47
+15%
|
0.45
-4%
|
0.38
-16%
|
0.31
-18%
|
0.24
-23%
|
0.19
-21%
|
0.17
-11%
|
0.24
+41%
|
0.48
+100%
|
0.8
+67%
|
0.94
+18%
|
0.85
-10%
|
0.67
-21%
|
0.35
-48%
|
-0.05
N/A
|