What is Armada Hoffler Properties, Inc.'s earnings per share (EPS)?

Armada Hoffler Properties, Inc. (AHH) reported diluted earnings per share of -$0.08 for fiscal year 2025. This represents a -123.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Armada Hoffler Properties, Inc. (AHH) Financials

AHH

Trailing 12 months to March 31, 2026

Revenue $212.1M -35.9% YoY

Net Income -$14.9M -161.0% YoY

EPS (Diluted) -$0.34 -585.7% YoY

Operating Cash Flow $76.6M +16.7% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 7, 2026 Currency USD FYE December

Newest figures come from the 10-K for Q1 FY2026, filed May 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AHH SEC filings page.

Armada Hoffler Properties, Inc. (AHH) reported $212.1M in revenue over the twelve months to Mar 31, 2026, down 35.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AHH FY2026 2026-10-04

The business converts property earnings into cash, but its 2023 slowdown coincided with heavier debt and much weaker profitability.

Operating margin fell from 28.5% in FY2022 to 14.8% in FY2023, while interest expense rose 46%. With debt-to-equity reaching 2.4x, the earnings squeeze reflected both weaker operations and a heavier financing load, not merely lower revenue.

Operating cash flow remained positive at $93.3M in FY2023 even as net margin fell to 1.9%, showing that depreciation and other non-cash property charges cushioned reported earnings. Cash generation weakened less than accounting profit, but it did not expand.

Dividends and buybacks absorbed essentially all FY2023 operating cash: distributions totaled about $93.0M against $93.3M generated. That left little internally generated cash for the $237.3M investing outflow, helping explain the simultaneous reliance on financing inflows.

Financial Health Signals

Financial health score pending refresh

We are recalculating Armada Hoffler Properties, Inc.'s peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

4/7

Armada Hoffler Properties, Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

16.47x

For every $1 of reported earnings, Armada Hoffler Properties, Inc. generates $16.47 in operating cash flow ($64.2M OCF vs $3.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

6.07x

Armada Hoffler Properties, Inc. earns $6.07 in operating income for every $1 of interest expense ($48.5M vs $8.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$52.3M

YoY+4.3%

QoQ-6.5%

Armada Hoffler Properties, Inc. generated $52.3M in revenue in Q1 2026. This represents an increase of 4.3% from the same quarter a year earlier. Against the prior quarter it is down 6.5%.

EBITDA

$25.2M

YoY+13.2%

Armada Hoffler Properties, Inc.'s EBITDA was $25.2M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 13.2% from the same quarter a year earlier.

Net Income

-$23.2M

YoY-725.8%

QoQ-1119.5%

Armada Hoffler Properties, Inc. reported -$23.2M in net income in Q1 2026. This represents a decrease of 725.8% from the same quarter a year earlier. Against the prior quarter it is down 1119.5%.

EPS (Diluted)

-$0.33

QoQ-3200.0%

Armada Hoffler Properties, Inc. earned -$0.33 per diluted share (EPS) in Q1 2026. Against the prior quarter it is down 3200.0%.

Cash & Balance Sheet

Free Cash Flow

$10.5M

Armada Hoffler Properties, Inc. generated $10.5M in free cash flow in Q1 2026, representing cash available after capex.

Cash & Debt

$28.5M

YoY+12.7%

QoQ-29.9%

5Y CAGR+2.9%

10Y CAGR+4.3%

Armada Hoffler Properties, Inc. held $28.5M in cash against $1.2B in long-term debt as of Q1 2026.

Dividends Per Share

$0.14

Armada Hoffler Properties, Inc. paid $0.14 per share in dividends in Q1 2026.

Shares Outstanding

76M

QoQ-5.3%

5Y CAGR+4.7%

10Y CAGR+9.3%

Armada Hoffler Properties, Inc. had 76M shares outstanding in Q1 2026. Against the prior quarter it is down 5.3%.

Margins & Returns

Gross Margin

98.7%

Armada Hoffler Properties, Inc.'s gross margin was 98.7% in Q1 2026, indicating the percentage of revenue retained after direct costs.

Operating Margin

22.2%

YoY+6.6pp

QoQ-6.3pp

Armada Hoffler Properties, Inc.'s operating margin was 22.2% in Q1 2026, reflecting core business profitability. This is up 6.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.3 percentage points.

Net Margin

-44.3%

YoY-38.7pp

QoQ-48.3pp

Armada Hoffler Properties, Inc.'s net profit margin was -44.3% in Q1 2026, showing the share of revenue converted to profit. This is down 38.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 48.3 percentage points.

Return on Equity

-4.1%

YoY-3.6pp

QoQ-4.4pp

Armada Hoffler Properties, Inc.'s ROE was -4.1% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 3.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.4 percentage points.

Capital Allocation

Share Buybacks

$21.0M

Armada Hoffler Properties, Inc. spent $21.0M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$2.0M

Armada Hoffler Properties, Inc. invested $2.0M in capex in Q1 2026, funding long-term assets and infrastructure.

R&D Spending

Not reported for Q1 2026.

AHH Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AHH quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K/A	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$212.1M	$209.9M-51.5%	$433.2M+4.9%	$413.1M-12.3%	$471.1M+55.7%	$302.5M-21.1%	$383.6M+49.2%	$257.2M+33.0%	$193.3M-36.2%	$302.8M+17.2%	$258.4M+2.4%	$252.4M+50.2%	$168.1M+20.0%	$140.0M+29.1%	$108.5M-16.7%	$130.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$101.5M+37.9%	$73.6M-60.5%	$186.6M	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	$184.0M+10.1%	$167.2M+17.0%	$142.8M+22.0%	$117.1M+10.1%	$106.4M+31.2%	$81.1M-30.2%	$116.2M	N/A	N/A	$46.9M+11.5%	$42.1M+3.0%	$40.8M+0.3%	$40.7M
SG&A Expenses	N/A	$20.3M+5.5%	$19.3M+12.2%	$17.2M+9.6%	$15.7M+7.4%	$14.6M+13.2%	$12.9M+4.1%	$12.4M+8.4%	$11.4M+9.5%	$10.4M+9.2%	$9.6M+13.8%	$8.4M+8.9%	$7.7M+11.2%	$6.9M+114.6%	$3.2M-13.3%	$3.7M
Operating Income	$52.3M	$48.5M-18.0%	$59.2M-3.0%	$61.1M-54.6%	$134.4M+127.2%	$59.2M+21.4%	$48.7M+14.3%	$42.6M+33.1%	$32.0M-19.5%	$39.8M-30.4%	$57.2M+115.2%	$26.6M+24.3%	$21.4M+8.7%	$19.7M-20.4%	$24.7M+3.0%	$24.0M
EBITDA	N/A	$121.0M-5.0%	$127.4M+1.3%	$125.8M-39.3%	$207.4M+62.0%	$128.0M+17.7%	$108.7M+11.8%	$97.2M+35.1%	$71.9M-6.7%	$77.1M-16.7%	$92.5M+86.1%	$49.7M+27.7%	$38.9M+12.7%	$34.6M-8.1%	$37.6M+1.7%	$37.0M
Interest Expense	N/A	$8.0M+21.5%	$6.6M-88.6%	$57.8M+45.7%	$39.7M+17.0%	$33.9M+9.2%	$31.0M-1.0%	$31.3M+64.2%	$19.1M+9.5%	$17.4M+5.9%	$16.5M+23.5%	$13.3M+25.2%	$10.6M-13.5%	$12.3M-25.7%	$16.6M-8.7%	$18.1M
Income Tax	N/A	-$482K+21.5%	-$614K-146.2%	$1.3M+1016.6%	-$145K+80.5%	-$742K-162.2%	-$283K+42.4%	-$491K-1593.1%	-$29K-104.0%	$725K+111.4%	$343K+1108.8%	-$34K-148.6%	$70K-74.4%	$273K	$0	$0
Net Income	-$14.9M	$3.9M-90.8%	$42.5M+451.9%	$7.7M-92.3%	$100.0M+292.2%	$25.5M-12.5%	$29.2M+21.2%	$24.1M+39.8%	$17.2M-18.3%	$21.0M-25.0%	$28.1M+42.9%	$19.6M+155.4%	$7.7M+4.8%	$7.3M-17.5%	$8.9M+292.6%	$2.3M
EPS (Basic)	N/A	-$0.08-123.5%	$0.34+780.0%	-$0.05-105.3%	$0.94+452.9%	$0.17-55.3%	$0.38-7.3%	$0.41	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	-$0.34	-$0.08-123.5%	$0.34+780.0%	-$0.05-105.3%	$0.94+452.9%	$0.17	$0.38-7.3%	$0.41	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	80M+13.4%	71M+4.4%	68M+0.2%	68M+11.4%	61M	57M+7.9%	53M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2610-K	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-K	Q4'2410-K	Q3'2410-K	Q2'2410-K
Revenue	$52.3M+4.3%	$55.9M+12.9%	$53.1M-53.6%	$50.7M-56.6%	$50.2M-60.5%	$49.5M	$114.4M-31.1%	$116.8M-29.6%
Cost of Revenue	$700K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$51.6M	N/A	N/A	N/A	N/A	N/A	$51.5M+6.4%	$48.8M+4.9%
SG&A Expenses	$4.7M-34.1%	N/A	$4.4M-14.3%	$6.0M+33.2%	$7.2M+21.8%	N/A	$5.2M+21.0%	$4.5M+11.1%
Operating Income	$11.6M+48.0%	$15.9M-46.1%	$11.1M-18.7%	$13.6M+147.1%	$7.9M-25.0%	$29.5M	$13.7M-38.6%	$5.5M-76.8%
EBITDA	$25.2M+13.2%	N/A	N/A	N/A	$22.3M-16.4%	N/A	N/A	N/A
Interest Expense	$13.8M+704.1%	N/A	$2.2M+24.8%	$1.9M+9.1%	$1.7M-90.5%	N/A	$1.7M-88.8%	$1.8M-87.0%
Income Tax	N/A	N/A	$192K-67.6%	-$567K+54.5%	$190K-64.4%	N/A	$592K+91.0%	-$1.2M-470.8%
Net Income	-$23.2M-725.8%	$2.3M-92.2%	$80K+101.6%	$5.9M+87.5%	-$2.8M-119.9%	$29.0M	-$5.0M-172.6%	$3.2M-73.3%
EPS (Basic)	-$0.33-371.4%	-$0.01-103.8%	-$0.04+66.7%	$0.04	-$0.07-141.2%	$0.26	-$0.12-300.0%	$0.00-100.0%
EPS (Diluted)	-$0.33	-$0.01-103.8%	-$0.04+66.7%	$0.04	-$0.07	$0.26	-$0.12	$0.00-100.0%
Diluted Shares (Avg)	80M	80M+0.6%	80M+16.3%	80M+19.4%	80M	80M	69M	67M-1.2%

Not reported in any period shown, so not listed: R&D Expenses.

AHH Balance Sheet

AHH quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K/A	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$2.6B+3.3%	$2.5B-2.0%	$2.6B+14.3%	$2.2B+15.7%	$1.9B+1.1%	$1.9B+6.2%	$1.8B+42.6%	$1.3B+21.3%	$1.0B+6.2%	$982.5M+42.5%	$689.5M+17.3%	$588.0M+35.1%	$435.3M+31.2%	$331.8M	N/A
Cash & Equivalents	$40.7M+85.3%	$22.0M+9.8%	$20.0M-57.8%	$47.5M+34.8%	$35.2M-14.0%	$41.0M+4.5%	$39.2M+84.6%	$21.3M+6.5%	$20.0M-9.0%	$21.9M-18.7%	$27.0M+4.3%	$25.9M+37.1%	$18.9M+100.9%	$9.4M-30.1%	$13.4M
Accounts Receivable	$64.7M+22.5%	$52.8M+16.1%	$45.5M+16.2%	$39.2M+32.5%	$29.6M+4.7%	$28.3M+20.4%	$23.5M+23.4%	$19.0M+21.2%	$15.7M+4.2%	$15.1M-31.5%	$22.0M+7.0%	$20.5M+12.5%	$18.3M+4.9%	$17.4M	N/A
Total Liabilities	$1.8B+8.9%	$1.6B-7.7%	$1.8B+31.3%	$1.3B+15.5%	$1.2B-0.2%	$1.2B+0.9%	$1.1B+42.0%	$809.5M+30.0%	$622.8M-25.3%	$834.3M+30.4%	$640.0M+8.3%	$590.7M+22.6%	$481.8M+29.1%	$373.2M	N/A
Long-Term Debt	$1.3B-0.9%	$1.3B-7.3%	$1.4B+30.8%	$1.1B+16.4%	$917.6M-4.8%	$963.8M+1.4%	$950.5M+36.9%	$694.2M+34.2%	$517.3M-0.9%	$522.2M+38.3%	$377.6M+6.0%	$356.3M+28.3%	$277.7M-17.1%	$335.1M	N/A
Total Equity	$627.8M-6.4%	$670.6M+17.1%	$572.6M-11.6%	$647.5M+16.6%	$555.4M+6.1%	$523.2M+28.1%	$408.6M+49.2%	$273.9M+20.8%	$226.7M+53.0%	$148.1M+199.0%	$49.5M+1941.2%	-$2.7M+94.2%	-$46.5M-12.5%	-$41.3M	N/A
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$41.3M	N/A

Metric	Q1'2610-K	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-K	Q4'2410-K	Q3'2410-K	Q2'2410-K
Total Assets	$2.5B+0.3%	$2.6B+3.3%	$2.6B+0.6%	$2.6B+0.3%	$2.5B-5.2%	$2.5B-2.0%	$2.6B+1.1%	$2.6B+4.0%
Cash & Equivalents	$28.5M+12.7%	$40.7M+85.3%	$46.5M+6.1%	$52.1M+156.6%	$25.3M-39.6%	$22.0M+9.8%	$43.9M+34.3%	$20.3M-40.4%
Accounts Receivable	$63.2M+21.8%	$64.7M+22.5%	$58.3M+13.4%	$54.0M+22.2%	$51.9M+20.3%	$52.8M+16.1%	$51.4M+17.4%	$44.2M+6.6%
Total Liabilities	$1.7B+7.3%	$1.8B+8.9%	$1.7B+3.2%	$1.7B-3.6%	$1.6B-11.2%	$1.6B-7.7%	$1.7B+0.8%	$1.8B+12.0%
Long-Term Debt	$1.2B-5.7%	$1.3B-0.9%	$1.5B+11.9%	$1.4B+1.9%	$1.3B-7.5%	$1.3B-7.3%	$1.3B+0.5%	$1.4B+12.2%
Total Equity	$569.5M-13.4%	$627.8M-6.4%	$638.8M-3.8%	$652.0M+15.9%	$657.4M+15.0%	$670.6M+17.1%	$663.9M+6.9%	$562.7M-11.0%

Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Retained Earnings.

AHH Cash Flow Statement

AHH quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K/A	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$76.6M	$64.2M-42.6%	$112.0M+20.0%	$93.3M-20.1%	$116.9M+28.2%	$91.2M0.0%	$91.2M+34.6%	$67.7M+20.8%	$56.1M+9.5%	$51.2M-10.1%	$57.0M+71.3%	$33.3M+6.1%	$31.4M+41.4%	$22.2M-0.7%	$22.3M-3.7%	$23.2M
Depreciation & Amortization	N/A	$72.5M+6.3%	$68.1M+5.3%	$64.7M-11.3%	$73.0M+6.0%	$68.9M+14.8%	$60.0M+9.9%	$54.6M+36.7%	$39.9M+6.9%	$37.3M+5.6%	$35.3M+52.6%	$23.2M+31.8%	$17.6M+17.9%	$14.9M+15.4%	$12.9M-0.7%	$13.0M
Stock-Based Compensation	N/A	$6.8M+34.3%	$5.1M+38.6%	$3.7M+12.3%	$3.3M+46.8%	$2.2M-6.2%	$2.4M+47.4%	$1.6M+25.9%	$1.3M-3.2%	$1.3M+22.3%	$1.1M+16.2%	$931K+1.5%	$917K-26.6%	$1.2M	N/A	N/A
Investing Cash Flow	N/A	N/A	-$26.7M+88.7%	-$237.3M-613.8%	-$33.2M+42.3%	-$57.6M-119.7%	-$26.2M+91.1%	-$295.1M-22.7%	-$240.6M-152.3%	-$95.4M+57.2%	-$223.0M-284.8%	-$58.0M+45.0%	-$105.3M-119.6%	-$47.9M-919.7%	-$4.7M+21.6%	-$6.0M
Financing Cash Flow	N/A	$52.5M+221.5%	-$43.3M-135.4%	$122.3M+269.3%	-$72.2M-65.8%	-$43.5M+25.1%	-$58.1M-123.5%	$246.9M+33.0%	$185.6M+343.6%	$41.8M-74.1%	$161.4M+561.6%	$24.4M-69.9%	$80.9M+129.6%	$35.3M+262.7%	-$21.7M-78.1%	-$12.2M
Dividends Paid	$79.3M	$75.2M-10.3%	$83.9M+4.3%	$80.4M+10.8%	$72.6M+23.6%	$58.7M+23.3%	$47.6M-22.6%	$61.5M+20.8%	$50.9M+16.7%	$43.6M+28.9%	$33.8M+25.2%	$27.0M+22.3%	$22.1M+185.7%	$7.7M	N/A	N/A
Share Buybacks	N/A	$0	$0-100.0%	$12.6M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2610-K	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-K	Q4'2410-K	Q3'2410-K	Q2'2410-K
Operating Cash Flow	$12.5M+11560.7%	$26.7M+28.6%	$26.3M-3.8%	$11.1M-36.2%	$107K-99.8%	$20.8M+38.5%	$27.3M-27.7%	$17.4M-36.5%
Depreciation & Amortization	$13.6M-5.8%	N/A	N/A	N/A	$14.4M-10.8%	N/A	N/A	N/A
Stock-Based Compensation	$1.4M-60.9%	N/A	N/A	N/A	$3.5M+58.0%	N/A	N/A	N/A
Capital Expenditures	$2.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	$10.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	-$40.5M-181.5%	-$17.5M-43.0%	-$21.5M+47.5%	$40.9M+168.2%	-$14.4M+80.6%	-$12.2M+76.4%
Financing Cash Flow	N/A	$32.9M+193.5%	$9.5M-14.5%	$12.4M+145.5%	-$2.3M-127.9%	-$35.2M-187.8%	$11.1M-68.5%	-$27.3M-213.1%
Dividends Paid	$27.7M+17.1%	$6.0M-72.1%	$28.4M+34.1%	$17.2M-18.5%	$23.7M+17.6%	$21.5M+4.3%	$21.2M+3.9%	$21.1M+6.9%
Share Buybacks	$21.0M	N/A	N/A	N/A	$0	N/A	N/A	N/A

AHH Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AHH quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K/A	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	N/A	N/A	44.5%+9.1pp	35.5%-11.7pp	47.2%+16.7pp	30.5%-10.8pp	41.4%-0.6pp	41.9%+3.6pp	38.4%	N/A	N/A	27.9%-2.1pp	30.0%-7.6pp	37.6%+6.4pp	31.3%
Operating Margin	23.1%+9.4pp	13.7%-1.1pp	14.8%-13.8pp	28.5%+9.0pp	19.6%+6.8pp	12.7%-3.9pp	16.6%0.0pp	16.6%+3.4pp	13.2%-9.0pp	22.1%+11.6pp	10.5%-2.2pp	12.7%-1.3pp	14.0%-8.7pp	22.8%+4.3pp	18.4%
Net Margin	1.9%-8.0pp	9.8%+8.0pp	1.9%-19.4pp	21.2%+12.8pp	8.4%+0.8pp	7.6%-1.8pp	9.3%+0.5pp	8.9%+1.9pp	7.0%-3.9pp	10.9%+3.1pp	7.8%+3.2pp	4.6%-0.7pp	5.2%-3.0pp	8.2%+6.5pp	1.7%
Return on Equity	0.6%-5.7pp	6.3%+5.0pp	1.3%-14.1pp	15.4%+10.9pp	4.6%-1.0pp	5.6%-0.3pp	5.9%-0.4pp	6.3%-3.0pp	9.3%-9.7pp	18.9%-20.7pp	39.6%	N/A	N/A	N/A	N/A
Return on Assets	0.1%-1.5pp	1.7%+1.4pp	0.3%-4.2pp	4.5%+3.1pp	1.3%-0.2pp	1.5%+0.2pp	1.3%0.0pp	1.4%-0.7pp	2.0%-0.8pp	2.9%0.0pp	2.9%+1.5pp	1.3%-0.4pp	1.7%-1.0pp	2.7%	N/A
Debt-to-Equity	2.05+0.1x	1.93-0.5x	2.44+0.8x	1.650.0x	1.65-0.2x	1.84-0.5x	2.33-0.2x	2.53+0.3x	2.28-1.2x	3.52-4.1x	7.62	N/A	N/A	N/A	N/A
Asset Turnover	0.08-0.1x	0.170.0x	0.160.0x	0.21+0.1x	0.160.0x	0.20+0.1x	0.140.0x	0.15-0.1x	0.290.0x	0.26-0.1x	0.37+0.1x	0.290.0x	0.320.0x	0.33	N/A

Metric	Q1'2610-K	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-K	Q4'2410-K	Q3'2410-K	Q2'2410-K
Gross Margin	98.7%	N/A	N/A	N/A	N/A	N/A	45.0%+15.9pp	41.8%+13.7pp
Operating Margin	22.2%+6.6pp	28.5%-31.1pp	21.0%+9.0pp	26.9%+22.1pp	15.7%+7.4pp	59.6%	12.0%-1.5pp	4.7%-9.6pp
Net Margin	-44.3%-38.7pp	4.1%-54.5pp	0.1%+4.6pp	11.7%+9.0pp	-5.6%-16.7pp	58.6%	-4.4%-8.6pp	2.7%-4.4pp
Return on Equity	-4.1%-3.6pp	0.4%-4.0pp	0.0%+0.8pp	0.9%+0.4pp	-0.4%-2.9pp	4.3%	-0.8%-1.9pp	0.6%-1.3pp
Return on Assets	-0.9%-0.8pp	0.1%-1.1pp	0.0%+0.2pp	0.2%+0.1pp	-0.1%-0.7pp	1.2%	-0.2%-0.5pp	0.1%-0.4pp
Debt-to-Equity	2.19+0.2x	2.05+0.1x	2.33+0.3x	2.22-0.3x	2.01-0.5x	1.93-0.5x	2.00-0.1x	2.52+0.5x
Asset Turnover	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.02	0.040.0x	0.050.0x
FCF Margin	20.0%	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Not reported in any period shown, so not listed: Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Armada Hoffler Properties, Inc. AHH	FY2025	$209.9M	$3.9M	1.9%	$647.9M	—
Gladstone Commercial Corporation - REIT GOOD	FY2025	$161.3M	$19.3M	11.9%	$626.4M	43/100
CTO Realty Growth, Inc. CTO	FY2025	$149.5M	$2.6M	1.7%	$770.0M	55/100
Safehold Inc. SAFE	FY2025	$385.6M	$114.5M	29.7%	$854.0M	45/100
One Liberty Properties, Inc. OLP	FY2025	N/A	$25.5M	N/A	$482.5M	—
Global Net Lease, Inc. GNL	FY2025	$495.3M	-$225.5M	-45.5%	$1.9B	13/100

Where Armada Hoffler Properties, Inc. Ranks

Frequently Asked Questions

What is Armada Hoffler Properties, Inc.'s annual revenue?

Armada Hoffler Properties, Inc. (AHH) reported $209.9M in total revenue for fiscal year 2025. This represents a -51.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Armada Hoffler Properties, Inc.'s revenue growing?

Armada Hoffler Properties, Inc. (AHH) revenue declined by 51.5% year-over-year, from $433.2M to $209.9M in fiscal year 2025.

Is Armada Hoffler Properties, Inc. profitable?

Yes, Armada Hoffler Properties, Inc. (AHH) reported a net income of $3.9M in fiscal year 2025, with a net profit margin of 1.9%.

What is Armada Hoffler Properties, Inc.'s EBITDA?

Armada Hoffler Properties, Inc. (AHH) had EBITDA of $121.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Armada Hoffler Properties, Inc. have?

As of fiscal year 2025, Armada Hoffler Properties, Inc. (AHH) had $40.7M in cash and equivalents against $1.3B in long-term debt.

What is Armada Hoffler Properties, Inc.'s operating margin?

Armada Hoffler Properties, Inc. (AHH) had an operating margin of 23.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Armada Hoffler Properties, Inc.'s net profit margin?

Armada Hoffler Properties, Inc. (AHH) had a net profit margin of 1.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Armada Hoffler Properties, Inc. pay dividends?

Yes, Armada Hoffler Properties, Inc. (AHH) paid $0.56 per share in dividends during fiscal year 2025.

What is Armada Hoffler Properties, Inc.'s return on equity (ROE)?

Armada Hoffler Properties, Inc. (AHH) has a return on equity of 0.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Armada Hoffler Properties, Inc.'s operating cash flow?

Armada Hoffler Properties, Inc. (AHH) generated $64.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Armada Hoffler Properties, Inc.'s total assets?

Armada Hoffler Properties, Inc. (AHH) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Armada Hoffler Properties, Inc. have outstanding?

Armada Hoffler Properties, Inc. (AHH) had 80M shares outstanding as of fiscal year 2025.

What is Armada Hoffler Properties, Inc.'s debt-to-equity ratio?

Armada Hoffler Properties, Inc. (AHH) had a debt-to-equity ratio of 2.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Armada Hoffler Properties, Inc.'s return on assets (ROA)?

Armada Hoffler Properties, Inc. (AHH) had a return on assets of 0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Armada Hoffler Properties, Inc.'s Piotroski F-Score?

Armada Hoffler Properties, Inc. (AHH) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Armada Hoffler Properties, Inc.'s earnings high quality?

Armada Hoffler Properties, Inc. (AHH) has an earnings quality ratio of 16.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Armada Hoffler Properties, Inc. cover its interest payments?

Armada Hoffler Properties, Inc. (AHH) has an interest coverage ratio of 6.07x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.