VIRGINIA BEACH, Va., July 09, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announces that Stifel Financial Corp. (NYSE: SF), a premier wealth management and investment banking firm, has leased 35,000 square feet of prime office space within the prestigious Wills Wharf building, located within their mixed-use Harbor Point community on the Baltimore waterfront. The Company’s over one million square feet of office space at Harbor Point is 98% leased; representing the continued demand for companies to lo ...

VIRGINIA BEACH, Va., July 08, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) will report its earnings for the quarter ending June 30, 2024 at approximately 4:00 p.m. Eastern on Wednesday, August 7, 2024. At 8:30 a.m. Eastern on Thursday, August 8, 2024, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 800-549-8228 (toll-free dial-in number) or (+1) 646-564-2877 (toll dial-in number). The conference ID is 76550. The con ...

VIRGINIA BEACH, Va., July 08, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) will report its earnings for the quarter ending June 30, 2024 at approximately 4:00 p.m. Eastern on Wednesday, August 7, 2024. At 8:30 a.m. Eastern on Thursday, August 8, 2024, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 800-549-8228 (toll-free dial-in number) or (+1) 646-564-2877 (toll dial-in number). The conference ID is 76550. The con ...

VIRGINIA BEACH, Va., June 13, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share. The second quarter dividend will be paid in cash on July 5, 2024, to stockholders of record on June 26, 2024. The Board of Directors also declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on July 15, 2024, to stockholders of record on July 1, 2024. About Armada ...

VIRGINIA BEACH, Va., June 13, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share. The second quarter dividend will be paid in cash on July 5, 2024, to stockholders of record on June 26, 2024. The Board of Directors also declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on July 15, 2024, to stockholders of record on July 1, 2024. About Armada ...

buzbuzzer Armada Hoffler Properties, Inc. (NYSE:AHH), incorporated in 2012 and headquartered in Virginia Beach, VA, is a REIT that owns, acquires, develops, and leases a diversified portfolio of office, retail, and multifamily properties in the U.S. Although the performance hasn't been spectacular, the market outlook is positive and the company is well-positioned to take advantage of any macro improvement. The REIT is also conservative in its use of leverage and poses strong liquidity, which also provid ...

DenisTangneyJr Armada Hoffler Properties (NYSE:AHH) is one of the best investment opportunities in the equity REIT space. The REIT is currently trading hands for a 9.14x multiple to the midpoint of guidance for normalized funds from operations ("NFFO") of $1.21 to $1.27 per share for fiscal 2024. This would represent growth of 3 cents at the top end over NFFO of $1.24 per share realized in 2023, the midpoint would mean flat year-over-year growth. AHH multiple reached as high as 14x in 2022 with Seeking ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35908 ARMADA HOFFLER PROPERTIES, INC. (Exact name of registrant as specified in its charter) Maryland 46-1214914 (State or other jurisdicti ...

财务数据和关键指标变化 - 公司报告了每股FFO 0.40美元和每股标准化FFO 0.33美元,同比增长10% [11] - 每股AFFO增长17%至0.27美元,物业NOI同比增长9.3% [11] - 公司的稳定资产负债率为6.6x,债务服务覆盖率为1.7x,加权平均债务成本略高于4% [12] - 公司预计未来将通过资产出售而非股权融资来筹集资金,这将使公司的总债务/企业价值维持在54%左右 [13][16] 各条业务线数据和关键指标变化 - 商业物业方面,公司签署了24份新租约、续租和选择权,总面积11.5万平方英尺,平均租金上涨11.5% [26][27] - 办公物业签署了2份续租,总面积1.8万平方英尺,平均租金上涨14.2% [26] - 零售物业签署了19份续租和3份新租约,总面积9.8万平方英尺,平均租金上涨10.7% [27] - 多户型住宅物业的入住率超过95%,高于预期 [37] - 办公物业的入住率为94%,远高于同行业平均水平 [28] 各个市场数据和关键指标变化 - 公司在亚特兰大的WeWork物业将失去约200万美元的年收入,但在达勒姆的WeWork物业则能够重新谈判租金条款 [25] - 公司计划在第三季度出售一处多户型住宅资产,预计收益将远高于当前股价所反映的价值 [20] - 公司正在密切关注新的优质办公楼开发机会,但目前建筑成本和利率水平使得这些项目难以实现预期收益 [43][58] 公司战略和发展方向及行业竞争 - 公司将通过资产出售而非股权融资来筹集资金,以避免股价折价发行股票 [8][20] - 公司将继续专注于优质资产的开发和收购,并通过积极的资产管理来提升现有资产的价值 [32] - 公司认为当前市场环境下,资产出售是最有效的筹资方式,但未来也不排除进入优质债券市场 [72][73] - 公司将关注高增长市场,并利用自身在开发和资产管理方面的优势来获取竞争优势 [58][59] 管理层对经营环境和未来前景的评论 - 管理层对公司的资产质量、价值创造能力和股东回报保持信心,认为公司股票目前存在折价 [32] - 管理层预计2024年收益将前端加载,主要受建筑业务利润、新项目租赁成本以及一项房地产融资项目提前退出的影响 [20][21][22] - 管理层认为,尽管公司的杠杆率将保持较高水平,但凭借优质资产组合和稳定的运营表现,公司能够承受这一水平 [9][12] - 管理层表示,公司将密切关注新的开发机会,但目前的建筑成本和利率水平使得这些项目难以实现预期收益 [43][58] 问答环节重要的提问和回答 问题1 **Robert Stevenson 提问** 询问公司办公和零售物业的入住率在全年的变化情况 [35] **Shawn Tibbetts 回答** 公司零售物业的入住率变化较为平稳,办公物业的入住率主要受到WeWork退租的影响,公司正在积极寻找新的租户 [36][37][38][39][40][41] 问题2 **Peter Abramowitz 提问** 询问公司计划出售的多户型住宅资产的情况,以及在当前供给压力下仍能获得较高的出售价格的原因 [50][51] **Louis Haddad 和 Shawn Tibbetts 回答** 公司出售该资产主要是基于其优质的资产品质和区位优势,尽管所在市场存在一定供给压力,但对于长期持有的投资者而言,仍然是一个较好的收购机会 [52][53][54] 问题3 **Bill Crow 提问** 询问公司为何多年来一直未能有效降低资产负债率,以及未来何时能够将其降至目标水平 [71][72][73][74][75][76] **Louis Haddad 回答** 公司的高杠杆水平在一定程度上是开发业务的特点所致,未来公司将通过资产出售、进入优质债券市场等方式逐步降低杠杆,预计2-3年内能够达到目标水平 [72][73][74][75][76]

Armada Hoffler Properties (AHH) came out with quarterly funds from operations (FFO) of $0.33 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to FFO of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 6.45%. A quarter ago, it was expected that this real estate company would post FFO of $0.32 per share when it actually produced FFO of $0.31, delivering a surprise of -3.13%.Over the last four qua ...