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Armada Hoffler Properties, Inc. - AHH STOCK NEWS

Welcome to our dedicated page for Armada Hoffler Properties news (Ticker: AHH), a resource for investors and traders seeking the latest updates and insights on Armada Hoffler Properties stock.

Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically integrated, self-managed real estate investment trust (REIT) with over four decades of experience in developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties. The company primarily operates in the Mid-Atlantic and Southeastern United States. Founded in 1979 by Daniel A. Hoffler, Armada Hoffler has established itself as a significant player in the real estate industry, known for its diversified portfolio and commitment to excellence.

The company's core business segments include office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services. Armada Hoffler generates maximum revenue from its general contracting and real estate services segment, providing development and construction services to third-party clients in addition to its own properties.

Armada Hoffler's properties are leased under operating leases, with revenue recognized from base rents and tenant recoveries, where tenants reimburse the company for expenses such as utilities and maintenance. The company's flagship properties, such as the Town Center of Virginia Beach and Wills Wharf in Baltimore, showcase its mixed-use development capabilities, featuring a blend of office, retail, and residential spaces.

Recent achievements include securing new office tenants, such as KPMG LLP and Duane Morris LLP, which have significantly increased the occupancy rates in its flagship developments. The company has also maintained strong financial performance, with a consistent increase in dividends, reflecting its robust leasing activity and strategic capital allocation.

Armada Hoffler is currently engaged in several key projects, including the Southern Post mixed-use development in Roswell, Georgia, and The Interlock in Atlanta, Georgia. These projects exemplify the company's commitment to creating vibrant, mixed-use environments that attract both tenants and consumers.

In 2024, Armada Hoffler completed a leadership transition plan, appointing Shawn Tibbetts as President and announcing the future retirement of CEO Louis Haddad. The company remains committed to its strategic growth plan, focusing on expanding its portfolio while maintaining financial stability and delivering value to its shareholders.

For more information, visit ArmadaHoffler.com or contact Chelsea Forrest, Director of Corporate Communications and Investor Relations, at CForrest@ArmadaHoffler.com or (757) 612-4248.

News

Armada Hoffler’s BBB Credit Rating Confirmed by Morningstar DBRS

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Armada Hoffler's BBB credit rating has been reaffirmed by Morningstar DBRS, but the trend has shifted from stable to negative due to the short-term elevation of the leverage ratio caused by recent acquisitions and self-funded development pipeline. The company remains confident in its ability to address these temporary financial risks and is committed to delivering value to its shareholders.
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Armada Hoffler Receives Surge in Interest for Class-A Office Space at the Interlock

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Armada Hoffler (NYSE: AHH) rejected the WeWork lease at The Interlock, leading to a surge in leasing activity. The termination of the lease has allowed the company to retain a large tenant and secure LOIs for the remaining space. President and CEO Lou Haddad emphasized the demand for class-A mixed-use office space at The Interlock, highlighting its potential for growth and innovation. The company is now positioned to offer customizable office spaces, cutting-edge facilities, and a vibrant community, making it an ideal choice for businesses seeking to elevate their workplace experience.
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Armada Hoffler Announces Office Lease With Duane Morris LLP at Wills Wharf in Harbor Point

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Armada Hoffler (NYSE: AHH) secured a significant new office tenant at the Company’s Wills Wharf office building in Baltimore’s Harbor Point neighborhood, bringing total office occupancy at Harbor Point to 97.1%. Duane Morris LLP, a global law firm, signed a lease for nearly 10,000 square feet, reinforcing the strong demand for office space within Harbor Point. Positioned at the gateway to Baltimore’s Inner Harbor, Wills Wharf is a LEED Silver mixed-use building offering 325,000 square feet of Class A office and premier hotel space. The transaction is a testament to the vibrant mixed-use project's ability to attract high-profile tenants and maintain strong demand despite national office sector trends.
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Armada Hoffler To Discuss Fourth Quarter Earnings On February 22nd

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Armada Hoffler (AHH) will report its earnings for the quarter ending December 31, 2023 on February 22, 2024. Senior management will host a conference call and webcast to discuss earnings and other information. The conference call and webcast details are available on the company's investor website. A telephonic replay and webcast replay will also be available for a limited time.
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Armada Hoffler Finalizes Lease with KPMG LLP at Town Center of Virginia Beach

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Armada Hoffler (NYSE: AHH) announces a new lease with KPMG LLP, bringing the office space at Town Center of Virginia Beach to 98% leased. The 13,044 square feet leased by KPMG reflects the strong demand for mixed-use communities and highlights the desirability of such environments for office tenants. The lease signifies Armada Hoffler's diversified approach and the appeal of mixed-use environments to top companies. The lease also underscores the strength of the region's business district and the commitment of KPMG to the area.
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Armada Hoffler Announces Quarterly Dividend

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Armada Hoffler (NYSE: AHH) declares a cash dividend of $0.195 per common share for Q4 2023 and $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The common share dividend will be paid on January 4, 2024, to stockholders of record on December 27, 2023, and the preferred stock dividend will be paid on January 12, 2024, to stockholders of record on January 2, 2024.
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Armada Hoffler Reports Third Quarter 2023 Results

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Armada Hoffler Properties, Inc. (NYSE: AHH) reported net income of $0.06 per diluted share, normalized FFO of $0.31 per diluted share, and same store NOI growth of 4.4% (GAAP) and 5.9% (Cash). Positive renewal spreads on commercial leases were 14.5% (GAAP) and 4.9% (Cash). The company maintained its 2023 full-year normalized FFO guidance range of $1.23 to $1.27 per diluted share.
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Armada Hoffler to Discuss Third Quarter Earnings on November 2nd

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Armada Hoffler (NYSE: AHH) will report its earnings for the quarter ending September 30, 2023 on November 2, 2023. Senior management will host a conference call and webcast to discuss earnings and other information. The conference call will be available through the Company’s investor website.
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Armada Hoffler Announces Quarterly Dividend

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Armada Hoffler declares cash dividend of $0.195 per common share for Q3 2023 and $0.421875 per share on its Series A preferred stock.
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Armada Hoffler Reports Second Quarter 2023 Results

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FAQ

What is the current stock price of Armada Hoffler Properties (AHH)?

The current stock price of Armada Hoffler Properties (AHH) is $10.89 as of November 21, 2024.

What is the market cap of Armada Hoffler Properties (AHH)?

The market cap of Armada Hoffler Properties (AHH) is approximately 870.7M.

What is Armada Hoffler Properties, Inc.?

Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically integrated, self-managed real estate investment trust (REIT) with over four decades of experience in developing, building, acquiring, and managing high-quality office, retail, and multifamily properties primarily in the Mid-Atlantic and Southeastern United States.

What are the core business segments of Armada Hoffler?

The core business segments of Armada Hoffler include office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services.

How does Armada Hoffler generate revenue?

Armada Hoffler generates revenue by leasing its properties under operating leases, recognizing base rents, and recovering expenses from tenants for utilities, maintenance, and other costs. The company also earns revenue from its general contracting and real estate services segment.

What are some of Armada Hoffler's recent achievements?

Recent achievements include securing new office tenants such as KPMG LLP and Duane Morris LLP, increasing occupancy rates in flagship developments like the Town Center of Virginia Beach and Wills Wharf. The company also reported strong financial performance and increased dividends.

What are some key projects Armada Hoffler is currently involved in?

Key projects include the Southern Post mixed-use development in Roswell, Georgia, and The Interlock in Atlanta, Georgia. These projects exemplify the company's focus on creating vibrant, mixed-use environments.

Who are the key executives at Armada Hoffler?

Shawn Tibbetts is the President and Chief Operating Officer, and Louis Haddad is the Chief Executive Officer, expected to retire in the spring of 2025. The company was founded by Daniel A. Hoffler, who continues to be actively involved.

What is Armada Hoffler's financial outlook for 2024?

Armada Hoffler has provided a full-year 2024 Normalized FFO guidance range of $1.21 to $1.27 per diluted share, reflecting confidence in its portfolio's performance and strategic initiatives.

How does Armada Hoffler maintain financial stability?

The company maintains financial stability by focusing on strategic capital allocation, maintaining a diversified portfolio, and generating strong operating metrics. Armada Hoffler also engages in third-party construction and development services to generate additional revenue.

How can I contact Armada Hoffler for more information?

For more information, visit ArmadaHoffler.com or contact Chelsea Forrest, Director of Corporate Communications and Investor Relations, at CForrest@ArmadaHoffler.com or (757) 612-4248.

What makes Armada Hoffler's properties attractive to tenants?

Armada Hoffler's properties are attractive to tenants due to their high-quality construction, strategic locations in vibrant, mixed-use environments, and the company's commitment to maintaining and enhancing property value. The company's diversified approach and focus on tenant amenities also contribute to high occupancy rates.

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Armada Hoffler Properties, Inc.

NYSE:AHH

AHH Rankings

#2669 Ranked by Market Cap
#324 Ranked by Dividends

AHH Stock Data

870.65M
78.06M
1.79%
88.62%
1.24%
REIT - Diversified
Real Estate
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United States of America
VIRGINIA BEACH