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  ...