Armada Hoffler Properties Inc
NYSE:AHH

Watchlist Manager
Armada Hoffler Properties Inc Logo
Armada Hoffler Properties Inc
NYSE:AHH
Watchlist
Price: 6.58 USD -0.75% Market Closed
Market Cap: 671.8m USD

Armada Hoffler Properties Inc
Investor Relations

Armada Hoffler Properties Inc. is an intriguing player in the real estate world, weaving a tapestry of development, construction, and management into its operations. Founded in 1979, the company initially carved its niche by undertaking diverse construction projects, steadily growing into a vertically integrated real estate powerhouse. What sets Armada Hoffler apart is its multifaceted approach. The company is not just confined to one aspect of real estate but instead has a hand in every stage of the property lifecycle. From identifying lucrative development opportunities to overseeing the construction process and eventually managing these assets, Armada Hoffler ensures that each development maximizes its potential.

The core of Armada Hoffler's revenue engine lies in its ability to synergize development and property management with strategic investment. Specializing in retail, office, and residential properties, primarily concentrated in the Mid-Atlantic and Southeastern United States, it drives income through a balanced portfolio approach. Firstly, the company generates substantial revenue from leasing its developed properties, ensuring a steady flow of rental income. Additionally, its construction segment bolsters earnings by taking on projects not only for its portfolio but also for external clients, providing a diverse revenue stream. This sophisticated blend of operations enables Armada Hoffler to mitigate risks and capitalize on market opportunities, solidifying its reputation as a resilient and dynamic industry entity.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 4, 2025
AI Summary
Q3 2025

Solid Quarter: Armada Hoffler reported normalized FFO of $0.29 per diluted share for Q3 2025, slightly ahead of expectations and guidance, with portfolio occupancy averaging 96%.

Guidance Narrowed: Full-year 2025 normalized FFO guidance was reaffirmed and narrowed to $1.03–$1.07 per diluted share, maintaining confidence in the company’s outlook.

Retail & Office Strength: Retail and office portfolios showed resilience, with retail renewal spreads at 6.5% and office occupancy at 96.5%. Office renewal spreads were especially strong, averaging 21.6% on a GAAP basis.

Active Capital Management: Management highlighted progress in recycling capital, reducing leverage, and executing a $115 million private debt placement to boost liquidity and pay down construction debt.

Dividend & Leverage: The dividend was reaffirmed as stress-tested and covered by cash flows, with leverage expected to decline as new projects reach stabilization.

Development & Acquisitions: No major new development starts expected in the near-term; focus remains on internal redevelopment and disciplined acquisitions with a preference for high-quality, recurring earnings.

Key Financials
Normalized FFO per diluted share
$0.29
FFO attributable to common shareholders
$20.2 million
FFO per diluted share
$0.20
AFFO
$19 million
AFFO per diluted share
$0.19
Same-store NOI (portfolio, GAAP)
Up 1%
Net debt to total adjusted EBITDA
7.9x
Stabilized portfolio debt to stabilized portfolio adjusted EBITDA
5.5x
Total liquidity
$141 million
AFFO payout ratio
74.9%
Portfolio weighted average interest rate
4.3%
Retail portfolio occupancy
96%
Office portfolio occupancy
96.5%
Multifamily portfolio occupancy
94.2%
Retail same-store NOI (GAAP)
Down 0.9%
Retail same-store NOI (cash)
Down 2.5%
Office same-store NOI (GAAP and cash)
Up 4.5%
Retail renewal spreads (cash)
6.5%
Retail renewal spreads (GAAP)
5.7%
Office renewal spreads (GAAP)
21.6%
Office renewal spreads (cash)
8.9%
Multifamily effective lease trade-outs
2.3%
Multifamily renewals trade-out
4.3%
National average rent growth (YoY Sep 2024–Sep 2025)
0.6%
Armada Hoffler stabilized multifamily rent growth (YoY Sep 2024–Sep 2025)
0.9%
AFFO payout ratio (after noncash interest income)
93.9%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Louis S. Haddad
Executive Chairman & CEO
No Bio Available
Mr. Shawn J. Tibbetts
President & COO
No Bio Available
Mr. Matthew T. Barnes-Smith
CFO, Treasurer & Corporate Secretary
No Bio Available
Mr. Eric E. Apperson
President of Construction
No Bio Available
Ms. Shelly R. Hampton
President of Asset Management
No Bio Available
Ms. Chelsea D. Forrest
Director of Corporate Communications, Investor Relations & Marketing
No Bio Available
Mr. William Christopher Harvey
Executive Vice President of Construction & Business Development
No Bio Available
Mr. Alan R. Hunt
Executive Vice President of Construction
No Bio Available

Contacts

Address
VIRGINIA
Virginia Beach
222 Central Park Ave Ste 2100
Contacts