Armada Hoffler Pptys Inc Stock Price, News & Analysis

Armada Hoffler Properties (NYSE: AHH) reported its Q1 2025 results, posting a GAAP net loss of $(0.07) per diluted share, compared to net income of $0.17 per share in Q1 2024. The company delivered Normalized FFO of $0.25 per diluted share, down from $0.33 in the prior year. Portfolio performance remained strong with 95.7% weighted average occupancy across segments (Retail: 94.5%, Office: 97.5%, Multifamily: 95.0%).

Notable achievements include office same-store NOI growth of 9.2% and positive leasing spreads across commercial segments, with retail renewals at 11.0% (GAAP) and office renewals at 23.3% (GAAP). The company executed 42 commercial leases totaling 313,000 square feet. Armada Hoffler maintained its 2025 full-year Normalized FFO guidance range of $1.00 to $1.10 per diluted share.

Armada Hoffler (NYSE: AHH) has announced an agreement to acquire full ownership of Allied | Harbor Point, a 312-unit multifamily property in Baltimore, by purchasing its joint venture partner Beatty Development Group's minority stake. The acquisition, expected to close in June 2025, aligns with AHH's strategy to simplify operations and focus on wholly owned assets in premium mixed-use locations.

The property, which opened in early 2025, features waterfront views and a landscaped rooftop terrace. Located in the Harbor Point mixed-use community, the asset has shown strong demand since its opening. This transition from joint venture to sole ownership aims to enhance portfolio quality while providing AHH complete control over the property.

Armada Hoffler (NYSE: AHH) has scheduled its first quarter 2024 earnings release for May 7, 2025, at approximately 4:00 p.m. Eastern. The company will host a conference call and webcast on May 8, 2025, at 8:30 a.m. Eastern, where senior management will discuss earnings and other information.

Investors can access the call via toll-free number (+1) 800 549 8228 or toll number (+1) 646 564 2877 using conference ID 90496. The webcast will be available through the company's investor relations website. A telephonic replay will be accessible until June 7, 2025, and a webcast replay will be available for 30 days after the call.

Armada Hoffler (NYSE: AHH) has secured three new office leases totaling approximately 20,000 square feet at The Interlock, a premier mixed-use development in Atlanta. The new tenants include Directional Capital (private equity), Look Listen (digital marketing), and Levy, Sibley, Foreman & Speir (law firm).

This announcement follows recent lease agreements with The Gathering Spot and F1® Arcade, effectively filling nearly all the vacant space previously occupied by WeWork. The successful backfilling of the WeWork space demonstrates strong market demand for The Interlock's modern office spaces and amenities.

The Interlock features a mix of office spaces, restaurants, retail, and entertainment options in one of Atlanta's most desirable neighborhoods, positioning itself as a destination for businesses seeking modern, flexible workspaces in a community-focused environment.

Armada Hoffler (NYSE: AHH) has announced a revision to its quarterly dividend structure. The company declared a regular quarterly cash dividend of $0.14 per common share, payable on April 3, 2025, to stockholders of record on March 26, 2025.

Additionally, a cash dividend of $0.421875 per share was declared on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on April 15, 2025, to stockholders of record on April 1, 2025.

The dividend revision aligns with the company's updated business plan focusing on quality assets and a conservative balance sheet, featuring reduced development risk and exposure to floating interest rates. CEO Shawn Tibbetts emphasized that the payout is now fully covered by property income, independent of fee income.

Armada Hoffler (NYSE: AHH) has secured a significant lease with F1® Arcade at The Interlock, their mixed-use development in West Midtown, Atlanta. The Formula 1-themed entertainment venue will occupy over 15,000 square feet of space, bringing the property's total retail leased occupancy to 99%.

F1® Arcade will offer state-of-the-art racing simulators, entertainment, and dining options, including globally inspired dishes and a distinctive bar serving cocktails, wines, and mocktails. This location marks F1® Arcade's expansion into the South, following successful operations in Boston and Washington D.C.

The Interlock, known for its modern office and retail spaces, architectural design, and prime location, continues to establish itself as a premier destination in Atlanta's West Midtown area. The addition of F1® Arcade enhances the property's existing portfolio of tech-infused, immersive experiences.

Armada Hoffler (NYSE: AHH) has appointed Jennifer Boykin to its Board of Directors. Boykin brings extensive leadership experience as the former Executive Vice President of Huntington Ingalls Industries and President of Newport News Shipbuilding (HII-NNS).

During her tenure at Newport News Shipbuilding, Boykin led significant digital transformation initiatives and secured the first 2-ship aircraft carrier contract in 30 years. Her career highlights include managing the construction of USS John C. Stennis and USS Harry S. Truman aircraft carriers, and serving in various leadership roles including Vice President of Engineering and Vice President of Quality Assurance.

Boykin holds a B.S. in marine engineering from the U.S. Merchant Marine Academy and an M.S. in engineering management from The George Washington University. She has served on multiple boards including the Virginia Business Council and has received notable recognitions such as the 2021 Kings Pointer of the Year award.

Armada Hoffler Properties (NYSE: AHH) reported its Q4 2024 results with GAAP net income of $0.26 per diluted share for the quarter and $0.33 for the full year. The company achieved Normalized FFO of $0.27 per diluted share for Q4 and $1.29 for 2024.

Key highlights include strong portfolio performance with weighted average stabilized occupancy at 96.0%, positive leasing spreads across all segments, and office same-store NOI growth of 12.3%. The company executed 44 leases totaling approximately 315,000 square feet. Construction backlog stood at $123.8 million.

Notable transactions include the disposition of Market at Mill Creek and Nexton Square properties for $82.0 million, resulting in a $21.3 million net gain. The company also completed a leadership transition, with Shawn Tibbetts assuming the CEO role effective January 1, 2025.

Looking ahead, AHH introduced 2025 full-year Normalized FFO guidance range of $1.00 to $1.10 per diluted share.