Exhibit 99.1 PRESS RELEASE ARMADA HOFFLER REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS Net Loss of $0.27 per Diluted Share for the Fourth Quarter and $0.05 per Diluted Share for the Full Year Normalized FFO of $0.31 per Diluted Share for the Fourth Quarter and $1.24 per Diluted Share for the Full Year Announced 5% Increase in the Quarterly Cash Dividend on Common Stock Dividends Declared During the Year Represent a 7.6% Year-Over-Year Increase Introduced 2024 Full-Year Normalized FFO Guidance Range of ...