Exhibit 99.1 PRESS RELEASE ARMADA HOFFLER REPORTS FIRST QUARTER 2024 RESULTS Net Income of $0.17 Per Diluted Share Normalized FFO of $0.33 Per Diluted Share Multifamily Same Store NOI Growth of 2.6% (GAAP) and 2.5% (Cash) Positive Renewal Spreads on Commercial Leases of 11.5% (GAAP) and 3.7% (Cash) Maintained 2024 Full-Year Normalized FFO Guidance Range of $1.21 to $1.27 Per Diluted Share VIRGINIA BEACH, VA, May 9, 2024 – Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarte ...