Armada Hoffler Earnings Reports

Armada Hoffler Properties, Inc. reported a net income of $26.1 million for Q4 2024, a significant increase compared to the net loss of $23.9 million in Q4 2023. Normalized FFO per diluted share was $0.27, and the company introduced its 2025 full-year Normalized FFO guidance in the range of $1.00 to $1.10 per diluted share.

Armada Hoffler Properties, Inc. announced its Q3 2024 results, reporting a net loss attributable to common stockholders of $10.4 million, or $0.11 per diluted share. However, normalized funds from operations (FFO) increased to $31.4 million, or $0.35 per diluted share, compared to $27.7 million, or $0.31 per diluted share, for the three months ended September 30, 2023. The company narrowed its full-year Normalized FFO guidance range to $1.25 to $1.27 per diluted share.

Armada Hoffler reported a net income of $0.4 million for Q2 2024, a decrease compared to $11.7 million in Q2 2023. Normalized FFO increased to $30.2 million from $28.3 million year-over-year. The company maintained its full-year Normalized FFO guidance of $1.21 to $1.27 per diluted share and achieved a portfolio-wide occupancy of 94.9%.

Armada Hoffler Properties reported a strong start to 2024 with a net income of $14.8 million, or $0.17 per diluted share, and Normalized FFO of $29.4 million, or $0.33 per diluted share. The company maintained its full-year Normalized FFO guidance range of $1.21 to $1.27 per diluted share. Robust operating metrics included a 95% portfolio occupancy and positive releasing spreads.

Armada Hoffler Properties, Inc. reported a net loss attributable to common stockholders of $23.9 million, or $0.27 per diluted share, for the fourth quarter of 2023. Normalized FFO was $0.31 per diluted share. The company announced a 5% increase in the quarterly cash dividend on common stock.

Armada Hoffler reported third quarter results, with net income attributable to common stockholders and OP Unit holders decreasing to $5.3 million compared to $33.9 million for the third quarter of 2022. Normalized FFO attributable to common stockholders and OP Unit holders for the third quarter increased to $27.7 million compared to $25.8 million for the third quarter of 2022.

Armada Hoffler reported a net income of $11.7 million, or $0.13 per diluted share, for the second quarter of 2023. Normalized FFO was $28.3 million, or $0.32 per diluted share. The company completed the acquisition of The Interlock and announced a $50 million stock repurchase program. Full-year normalized FFO guidance was maintained at $1.23 to $1.27 per diluted share.

Armada Hoffler Properties reported first quarter results with a net income of $0.03 per diluted share and normalized FFO of $0.30 per diluted share. The company announced a 3% increase in the quarterly cash dividend and maintained its 2023 full-year Normalized FFO guidance range of $1.23 to $1.27 per diluted share. They also announced a major off-market, mixed-use acquisition of The Interlock in West Midtown, Atlanta.

Armada Hoffler Properties, Inc. announced its Q4 and full year 2022 results. Key highlights include net income attributable to common stockholders of $11.5 million, or $0.13 per diluted share, and Normalized FFO of $30.6 million, or $0.35 per diluted share. The company also introduced 2023 full-year Normalized FFO guidance of $1.23 to $1.27 per diluted share and was awarded an investment grade credit rating of BBB.

Armada Hoffler Properties reported a strong third quarter with net income attributable to common stockholders and OP Unit holders increasing to $33.9 million, or $0.38 per diluted share. The company raised its 2022 full-year Normalized FFO guidance range to $1.18 to $1.20 per diluted share and executed significant new office leases.

Armada Hoffler Properties reported increased net income and FFO for the second quarter of 2022, driven by property operating income, gains on dispositions, and improved same-store performance. The company also raised its full-year Normalized FFO guidance and announced a dividend increase.

Armada Hoffler Properties reported a net income of $9.3 million, or $0.11 per diluted share, for the quarter ended March 31, 2022, compared to $3.1 million, or $0.04 per diluted share, for the same period in 2021. Normalized FFO was $24.5 million, or $0.28 per diluted share, compared to $20.6 million, or $0.26 per diluted share, for the three months ended March 31, 2021. The company raised its 2022 full-year Normalized FFO guidance to $1.15 to $1.19 per diluted share.

Armada Hoffler Properties reported fourth quarter and full year 2021 results, with net income of less than $0.01 per diluted share for the fourth quarter and $0.17 per diluted share for the full year. Normalized FFO was $0.27 per diluted share for the fourth quarter and $1.07 per diluted share for the full year. The company introduced 2022 full-year Normalized FFO guidance of $1.11 to $1.15 per diluted share.

Armada Hoffler Properties reported third quarter 2021 results with a net income of $4.9 million, or $0.06 per diluted share, and normalized FFO of $0.26 per diluted share. The company raised its full-year normalized FFO guidance and increased its fourth-quarter cash dividend.

Armada Hoffler Properties reported second-quarter results with a decrease in net income but an increase in Funds From Operations (FFO) and Normalized FFO. The company raised its full-year Normalized FFO guidance due to higher forecast net operating income (NOI) from the operating portfolio and acquisitions. Leasing activity is high, and the development pipeline is progressing rapidly.

Armada Hoffler Properties reported a decrease in net income to $3.1 million, or $0.04 per diluted share, compared to $8.2 million, or $0.11 per diluted share, for the three months ended March 31, 2020. Normalized FFO was $20.6 million, or $0.26 per diluted share, compared to $24.7 million, or $0.32 per diluted share, for the three months ended March 31, 2020. The company reaffirmed its 2021 full-year Normalized FFO guidance of $0.98 to $1.02 per diluted share and increased its cash dividend on common shares for the second consecutive quarter.

Armada Hoffler Properties reported Q4 2020 results with a net income of $0.02 per diluted share and normalized FFO of $0.25 per diluted share. The company also introduced 2021 full-year normalized FFO guidance of $0.98 to $1.02 per diluted share and increased the first quarter 2021 cash dividend on common shares over 36%.

Armada Hoffler Properties reported a decrease in net income to $8.7 million compared to $9.9 million for the third quarter of 2019, primarily due to decreased operating income and an increase in the allowance for bad debt in the retail portfolio. Normalized FFO decreased to $19.0 million compared to $22.5 million for the third quarter of 2019. The company collected 96% of portfolio rents for the third quarter.

Armada Hoffler Properties reported increased net income and normalized FFO for the second quarter of 2020. The company issued updated full-year normalized FFO guidance of $1.09 to $1.13 per diluted share. Portfolio occupancy remained strong, and the company collected a high percentage of rents.

Armada Hoffler Properties reported increased net income attributable to common stockholders and OP Unit holders for the first quarter, rising to $8.2 million compared to $6.5 million in the same period last year. Normalized FFO also increased to $24.7 million from $18.5 million year-over-year. However, due to the uncertainty surrounding the COVID-19 pandemic, the company suspended its dividend on common stock and reduced board & CEO compensation.

Armada Hoffler Properties reported Q4 2019 results, including net income of $0.09 per diluted share and normalized FFO of $0.30 per diluted share. The company's core operating property portfolio occupancy was at 96.5%. They added $109.2 million to third-party construction backlog during the quarter.