Gary Yeowell My previous and first article on Armada Hoffler Properties, Inc. (NYSE:AHH) was issued back in July, before the Q2 2024 data was published. While I recognized the main risks of AHH as elevated leverage and high concentration in the office segment, my investment stance was still bullish. The reason for that lies in several important mitigants to those risks and a very cheap multiple, which in the context of the overall fundamentals seemed to provide an attractive investment case. The main mitiga ...