Armada Hoffler Announces Income Tax Treatment of Its 2023 Dividend Distributions

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Armada Hoffler Properties, Inc. (NYSE: AHH) disclosed the income tax treatment for its 2023 dividend distributions. The final income allocations for common stock and preferred stock will be reported on Form 1099-DIV. Stockholders must consult with their tax advisors regarding specific tax treatment.

VIRGINIA BEACH, Va., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) announced the income tax treatment of its 2023 dividend distributions to holders of shares of the Company’s common stock and preferred stock.

This information represents final income allocations as they will be reported on Form 1099-DIV. The tax information provided should not be construed as tax advice. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s distributions. Beginning in 2018, ordinary taxable income per share of common stock and preferred stock is equal to the 199A dividend that was created by the 2017 Tax Cuts and Jobs Act.

Common Stock Dividends
NYSE Ticker Symbol: AHH
CUSIP #04208T 10 8
EIN: #46-1214914

Line 1a Total Ordinary Dividends	35.77%
Line 2a Total Capital Gain Distribution	2.84%
Line 2b Unrecaptured Section 1250 Gain	2.62%
Line 2f Section 897 Capital Gain	2.84%
Line 3 Non-Dividend Distributions	61.39%
Line 5 Section 199A Dividends	35.77%
Total Capital Gain	2.84%
Total Ordinary	35.77%
Total Return of Capital	61.39%
Total	100.00%

Preferred Series A Dividends
NYSE Ticker Symbol: AHHPrA
CUSIP #04208T 20 7
EIN: #46-1214914

Line 1a Total Ordinary Dividends	94.97%
Line 2a Total Capital Gain Distribution	5.03%
Line 2b Unrecaptured Section 1250 Gain	4.46%
Line 2f Section 897 Capital Gain	5.03%
Line 5 Section 199A Dividends	94.97%
Total Capital Gain	5.03%
Total Ordinary	94.97%
Total	100.00%

Line 2a - The total dividend classified as Capital Gain is Section 1231 gain for purposes of Internal Revenue Code (IRC) Section 1061. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests."

Line 2b - These amounts are a subset of, and included in, the 2023 Capital Gain amounts (Line 2a).

Line 2e - The amount of the dividends treated as a Disposition of Investment in United States Real Property, for purposes of Internal Revenue Code (IRC) Section 897, are reflected in Boxes 2e and 2f. Box 2e is a subset of, and included in, the 2023 Taxable Ordinary Dividend amounts (Line 1a). Box 2f is a subset of, and included in, the 2023 Capital Gain amounts (Line 2a).

Line 5 - These amounts are a subset of, and included in, the 2023 Taxable Ordinary Dividend amounts (Line 1a).

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

Contact:
Chelsea Forrest
Armada Hoffler
Director of Investor Relations and Corporate Communications
Email: CForrest@ArmadaHoffler.com
Phone: (757) 366-4000

FAQ

What did Armada Hoffler Properties announce regarding income tax treatment?

Armada Hoffler Properties announced the income tax treatment of its 2023 dividend distributions for common stock and preferred stock.

What should stockholders do regarding the tax information provided by Armada Hoffler Properties?

Stockholders are advised to consult with their personal tax advisors for specific tax treatment of the Company's distributions.

What is the NYSE ticker symbol for Armada Hoffler Properties common stock?

The NYSE ticker symbol for Armada Hoffler Properties common stock is AHH.

What is the NYSE ticker symbol for Armada Hoffler Properties preferred stock?

The NYSE ticker symbol for Armada Hoffler Properties preferred stock is AHHPrAC.

What is the total ordinary dividend percentage for Armada Hoffler Properties common stock?

The total ordinary dividend percentage for Armada Hoffler Properties common stock is 35.77%.

What is the total capital gain distribution percentage for Armada Hoffler Properties preferred stock?

The total capital gain distribution percentage for Armada Hoffler Properties preferred stock is 5.03%.