Welcome to our dedicated page for Armada Hoffler Pptys news (Ticker: AHH), a resource for investors and traders seeking the latest updates and insights on Armada Hoffler Pptys stock.
Armada Hoffler Properties Inc (AHH) is a vertically integrated real estate investment trust with a proven track record in developing and managing commercial properties across the Mid-Atlantic and Southeast. This news hub provides investors with essential updates on corporate developments, financial performance, and strategic initiatives.
Access timely updates including quarterly earnings reports, acquisition announcements, and property development milestones. Our curated collection ensures you stay informed about lease agreements, construction projects, and leadership changes impacting AHH's portfolio of office, retail, and multifamily assets.
Key updates cover tenant acquisition strategies, capital improvement projects, and market expansion efforts. Bookmark this page for direct access to SEC filings, investor presentations, and operational updates from this established REIT. Regular visits ensure you maintain current awareness of factors influencing AHH's position in the competitive real estate sector.
Armada Hoffler (NYSE: AHH) has scheduled its first quarter 2024 earnings release for May 7, 2025, at approximately 4:00 p.m. Eastern. The company will host a conference call and webcast on May 8, 2025, at 8:30 a.m. Eastern, where senior management will discuss earnings and other information.
Investors can access the call via toll-free number (+1) 800 549 8228 or toll number (+1) 646 564 2877 using conference ID 90496. The webcast will be available through the company's investor relations website. A telephonic replay will be accessible until June 7, 2025, and a webcast replay will be available for 30 days after the call.
Armada Hoffler (NYSE: AHH) has secured three new office leases totaling approximately 20,000 square feet at The Interlock, a premier mixed-use development in Atlanta. The new tenants include Directional Capital (private equity), Look Listen (digital marketing), and Levy, Sibley, Foreman & Speir (law firm).
This announcement follows recent lease agreements with The Gathering Spot and F1® Arcade, effectively filling nearly all the vacant space previously occupied by WeWork. The successful backfilling of the WeWork space demonstrates strong market demand for The Interlock's modern office spaces and amenities.
The Interlock features a mix of office spaces, restaurants, retail, and entertainment options in one of Atlanta's most desirable neighborhoods, positioning itself as a destination for businesses seeking modern, flexible workspaces in a community-focused environment.
Armada Hoffler (NYSE: AHH) has announced a revision to its quarterly dividend structure. The company declared a regular quarterly cash dividend of $0.14 per common share, payable on April 3, 2025, to stockholders of record on March 26, 2025.
Additionally, a cash dividend of $0.421875 per share was declared on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on April 15, 2025, to stockholders of record on April 1, 2025.
The dividend revision aligns with the company's updated business plan focusing on quality assets and a conservative balance sheet, featuring reduced development risk and exposure to floating interest rates. CEO Shawn Tibbetts emphasized that the payout is now fully covered by property income, independent of fee income.
Armada Hoffler (NYSE: AHH) has secured a significant lease with F1® Arcade at The Interlock, their mixed-use development in West Midtown, Atlanta. The Formula 1-themed entertainment venue will occupy over 15,000 square feet of space, bringing the property's total retail leased occupancy to 99%.
F1® Arcade will offer state-of-the-art racing simulators, entertainment, and dining options, including globally inspired dishes and a distinctive bar serving cocktails, wines, and mocktails. This location marks F1® Arcade's expansion into the South, following successful operations in Boston and Washington D.C.
The Interlock, known for its modern office and retail spaces, architectural design, and prime location, continues to establish itself as a premier destination in Atlanta's West Midtown area. The addition of F1® Arcade enhances the property's existing portfolio of tech-infused, immersive experiences.
Armada Hoffler (NYSE: AHH) has appointed Jennifer Boykin to its Board of Directors. Boykin brings extensive leadership experience as the former Executive Vice President of Huntington Ingalls Industries and President of Newport News Shipbuilding (HII-NNS).
During her tenure at Newport News Shipbuilding, Boykin led significant digital transformation initiatives and secured the first 2-ship aircraft carrier contract in 30 years. Her career highlights include managing the construction of USS John C. Stennis and USS Harry S. Truman aircraft carriers, and serving in various leadership roles including Vice President of Engineering and Vice President of Quality Assurance.
Boykin holds a B.S. in marine engineering from the U.S. Merchant Marine Academy and an M.S. in engineering management from The George Washington University. She has served on multiple boards including the Virginia Business Council and has received notable recognitions such as the 2021 Kings Pointer of the Year award.
Armada Hoffler Properties (NYSE: AHH) reported its Q4 2024 results with GAAP net income of $0.26 per diluted share for the quarter and $0.33 for the full year. The company achieved Normalized FFO of $0.27 per diluted share for Q4 and $1.29 for 2024.
Key highlights include strong portfolio performance with weighted average stabilized occupancy at 96.0%, positive leasing spreads across all segments, and office same-store NOI growth of 12.3%. The company executed 44 leases totaling approximately 315,000 square feet. Construction backlog stood at $123.8 million.
Notable transactions include the disposition of Market at Mill Creek and Nexton Square properties for $82.0 million, resulting in a $21.3 million net gain. The company also completed a leadership transition, with Shawn Tibbetts assuming the CEO role effective January 1, 2025.
Looking ahead, AHH introduced 2025 full-year Normalized FFO guidance range of $1.00 to $1.10 per diluted share.
Armada Hoffler (AHH) has secured a significant new lease at The Interlock, its mixed-use development in Atlanta's West Midtown. The Gathering Spot, a membership-only hub for creative professionals, has leased a total of 58,000 square feet, comprising 38,000 square feet of rooftop space and 20,000 square feet for their headquarters.
The Interlock, completed in 2021, is a public-private partnership with Georgia Tech featuring 203,000 square feet of office space, 108,000 square feet of retail space, and a 161-room boutique hotel. The Gathering Spot, founded in 2016 and recognized as the largest Black-owned community in the U.S., will offer members access to two full-service restaurants, flexible workspaces, skill workshops, culture talks, and a rooftop pool with Midtown views.
Armada Hoffler Properties (NYSE: AHH) has released its 2024 dividend tax treatment information for common and preferred stockholders. For common stock dividends, the distribution comprises 36.62% ordinary dividends, 36.80% capital gain distribution, and 26.58% return of capital. The Series A preferred stock dividends consist of 49.88% ordinary dividends and 50.12% capital gain distribution.
Notable components include Unrecaptured Section 1250 Gain at 25.45% for common stock and 34.66% for preferred stock. Section 897 distributions for foreign investors include both ordinary dividends and capital gains components. All ordinary dividend portions qualify as Section 199A dividends under the Tax Cuts and Jobs Act.
Armada Hoffler (NYSE: AHH) has announced several strategic initiatives to reduce its variable rate debt exposure. The company has:
- Executed a $150 million floating-to-fixed rate swap at 2.5% for 2 years, costing $4.6 million
- Repaid $45.6 million of secured variable-rate debt (6.80% weighted average rate)
- Refinanced its Premier mixed-use property with a new $29.4 million agency loan fixed at 5.53% through December 2029
- Reduced its SOFR-referenced revolving credit facility by $19.0 million
Through these actions, AHH is now 100% hedged on its variable rate debt exposure, which it plans to maintain into Q4 2025. The company aims to enhance cash flow stability and better manage interest rate risk.
Armada Hoffler (NYSE: AHH) has secured two major retail leases at Columbus Village in the Town Center of Virginia Beach district. The company signed a 14,000-square-foot lease with a grocer and a 19,000-square-foot lease with a national sporting goods retailer, effectively backfilling the former Bed Bath & Beyond space.
The Town Center district, Armada Hoffler's flagship mixed-use asset, boasts 6.9 million annual visits and features 640,000 square feet of retail space (98% leased), 800,000 square feet of office space (98% occupied, up from 95% in Q3 2024), and 760 apartments. Columbus Village comprises 157,000 square feet of retail space across 12 acres, with tenants including Barnes & Noble, Cava, Five Below, Ulta Beauty, and Shake Shack.
