Armada Hoffler Announces Addition of Dennis Gartman, Publisher of “The Gartman Letter,” to Company’s Board of Directors

Rhea-AI Summary

Armada Hoffler (NYSE: AHH) announced that Dennis Gartman, a renowned investor and economist, has joined its Board of Directors as the sixth independent member. President and CEO Lou Haddad expressed enthusiasm, stating Gartman's expertise will be a valuable resource for the company. Gartman has 30 years of experience publishing 'The Gartman Letter' and has held significant roles in various financial institutions. Armada Hoffler is a self-managed real estate investment trust specializing in developing and managing properties primarily in the Mid-Atlantic and Southeastern U.S.

Positive

• Dennis Gartman's appointment as board member enhances leadership with extensive capital market experience.
• Gartman's background in finance provides fresh perspectives for the company.

Negative

• Concerns about continuity and experience gaps as Gartman is new to the company's Board.

VIRGINIA BEACH, Va., July 13, 2022 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) is pleased to announce that Dennis Gartman – renowned investor, economist, and longtime publisher of “The Gartman Letter” – has joined the Company’s Board of Directors. He will be the sixth independent member of the Board.

“We are thrilled to welcome Dennis Gartman to our Board,” said Lou Haddad, President and CEO of Armada Hoffler. “Dennis’ unique perspective and years of experience in the capital markets will be invaluable resources for the Company.”

In addition to publishing the widely read “The Gartman Letter” for over 30 years, Gartman is a regular contributor to several financial media outlets and speaks before various associations and trade groups around the world.

Gartman was an economist for Cotton, Inc., where he analyzed supply and demand in the U.S. textile industry. He later moved to NCNB National Bank in Charlotte, North Carolina, where he traded foreign exchange and money market instruments. Subsequently, Gartman became the Chief Financial Futures analyst for A.G. Becker & Company in Chicago, Illinois, and acted as an independent member of the Chicago Board of Trade.

Later, Gartman led the futures brokerage operation at Sovran Bank. Beginning in 1987, he began publishing “The Gartman Letter” which ran continuously through 2019. From 2006-2008, he served as an outside Director of the Kansas City Board of Trade. Gartman currently chairs the Investment/Endowment Committee at the University of Akron Foundation and serves on a similar committee at North Carolina State University.

About Armada Hoffler

Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust with over four decades of experience developing, building, acquiring and managing high-quality office, retail and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. The Company also provides general construction and development services to third-party clients, in addition to developing and building properties to be placed in their stabilized portfolio. Founded in 1979 by Daniel A. Hoffler, Armada Hoffler has elected to be taxed as a REIT for U.S. federal income tax purposes. For more information visit ArmadaHoffler.com.

Media Inquiries:
Chelsea D. Forrest
Armada Hoffler
Director of Corporate Communications and Investor Relations
Email: CForrest@ArmadaHoffler.com
Phone: (757) 612-4248

 

FAQ

Who is Dennis Gartman and what is his role at Armada Hoffler?

Dennis Gartman is a renowned investor and economist who has joined the Board of Directors of Armada Hoffler as an independent member.

What impact will Dennis Gartman's appointment have on Armada Hoffler?

Gartman's extensive experience in capital markets is expected to provide valuable insights and strengthen the company's leadership.

When was Dennis Gartman appointed to the Board of Armada Hoffler?

Dennis Gartman was appointed to the Board of Directors on July 13, 2022.

What is Armada Hoffler's primary business focus?

Armada Hoffler is a real estate investment trust that develops, builds, acquires, and manages office, retail, and multifamily properties mainly in the Mid-Atlantic and Southeastern United States.