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Armada Hoffler Properties, Inc. - AHH STOCK NEWS

Welcome to our dedicated page for Armada Hoffler Properties news (Ticker: AHH), a resource for investors and traders seeking the latest updates and insights on Armada Hoffler Properties stock.

Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically integrated, self-managed real estate investment trust (REIT) with over four decades of experience in developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties. The company primarily operates in the Mid-Atlantic and Southeastern United States. Founded in 1979 by Daniel A. Hoffler, Armada Hoffler has established itself as a significant player in the real estate industry, known for its diversified portfolio and commitment to excellence.

The company's core business segments include office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services. Armada Hoffler generates maximum revenue from its general contracting and real estate services segment, providing development and construction services to third-party clients in addition to its own properties.

Armada Hoffler's properties are leased under operating leases, with revenue recognized from base rents and tenant recoveries, where tenants reimburse the company for expenses such as utilities and maintenance. The company's flagship properties, such as the Town Center of Virginia Beach and Wills Wharf in Baltimore, showcase its mixed-use development capabilities, featuring a blend of office, retail, and residential spaces.

Recent achievements include securing new office tenants, such as KPMG LLP and Duane Morris LLP, which have significantly increased the occupancy rates in its flagship developments. The company has also maintained strong financial performance, with a consistent increase in dividends, reflecting its robust leasing activity and strategic capital allocation.

Armada Hoffler is currently engaged in several key projects, including the Southern Post mixed-use development in Roswell, Georgia, and The Interlock in Atlanta, Georgia. These projects exemplify the company's commitment to creating vibrant, mixed-use environments that attract both tenants and consumers.

In 2024, Armada Hoffler completed a leadership transition plan, appointing Shawn Tibbetts as President and announcing the future retirement of CEO Louis Haddad. The company remains committed to its strategic growth plan, focusing on expanding its portfolio while maintaining financial stability and delivering value to its shareholders.

For more information, visit ArmadaHoffler.com or contact Chelsea Forrest, Director of Corporate Communications and Investor Relations, at CForrest@ArmadaHoffler.com or (757) 612-4248.

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On July 9, 2024, Armada Hoffler (NYSE: AHH) announced that Stifel Financial Corp. (NYSE: SF) has leased 35,000 square feet of office space at the Wills Wharf building in the Harbor Point community, Baltimore. This lease highlights the strong demand for Armada Hoffler’s office spaces, which are 98% leased across Harbor Point's over one million square feet. Stifel's new location, offering panoramic waterfront views, will contribute to the vibrant business ecosystem of Harbor Point. CEO Lou Haddad expressed excitement over the lease, emphasizing Harbor Point's status as a prime choice for innovative companies. This deal, brokered by JLL for Armada Hoffler and Cushman & Wakefield for Stifel, further enhances the area’s appeal as a premier destination for business, living, and entertainment.

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Armada Hoffler (NYSE: AHH) has announced that it will report its financial earnings for the second quarter ending June 30, 2024, on August 7, 2024, at approximately 4:00 p.m. Eastern Time.

Additionally, senior management will host a conference call and webcast at 8:30 a.m. Eastern Time on August 8, 2024, to discuss the earnings and other relevant information. Investors can join the conference call by dialing specific toll-free or toll numbers provided and using the conference ID 76550.

A telephonic replay will be available until September 7, 2024, and a webcast replay will be accessible for 30 days post-conference.

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Armada Hoffler (NYSE: AHH) announced that its Board of Directors declared a cash dividend of $0.205 per common share for the second quarter. This dividend will be paid on July 5, 2024, to stockholders of record as of June 26, 2024. Additionally, a dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock has been declared, payable on July 15, 2024, to stockholders of record on July 1, 2024.

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Armada Hoffler Properties, Inc. reported strong first quarter 2024 results with a net income of $0.17 per diluted share, normalized FFO of $0.33 per diluted share, and multifamily same store NOI growth of 2.6% (GAAP) and 2.5% (Cash). They maintained their 2024 full-year Normalized FFO guidance range of $1.21 to $1.27 per diluted share. The company showed positive renewal spreads on commercial leases, maintained high portfolio occupancy, and announced the appointment of a new Board member.

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Armada Hoffler (AHH) reaffirms its commitment to innovation by extending the lease with WeWork at One City Center in Durham, North Carolina. The agreement secures market rate rent for a long-term lease, fostering growth and collaboration in the region.
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Armada Hoffler (AHH) will release its Q1 2024 earnings on May 9, 2024, followed by a conference call and webcast for investors and analysts. Details on accessing the call and webcast, as well as replay options, are provided in the press release.
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Armada Hoffler (NYSE: AHH) appoints F. Blair Wimbush to its Board of Directors, citing his extensive experience in the transportation industry and leadership roles. Wimbush's addition is expected to enhance the company's strategic vision and ensure continued growth and success.
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Armada Hoffler (NYSE: AHH) announced the retirement of John W. Snow, a longtime member of the Board of Directors. Snow, a former U.S. Treasury Secretary, has been a key figure in the company's growth since its IPO. The Board approved a governance amendment for directors over 80 not to stand for re-election. Snow's contributions are highly valued, and the company expresses confidence in its future and new leadership.
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Armada Hoffler Properties, Inc. (NYSE: AHH) disclosed the income tax treatment for its 2023 dividend distributions. The final income allocations for common stock and preferred stock will be reported on Form 1099-DIV. Stockholders must consult with their tax advisors regarding specific tax treatment.
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Armada Hoffler Properties, Inc. (AHH) reported a net loss of $0.27 per diluted share for Q4 and $0.05 for the full year. Normalized FFO was $0.31 per diluted share for Q4 and $1.24 for the full year. The company announced a 5% increase in the quarterly cash dividend on common stock. The 2024 full-year Normalized FFO guidance is $1.21 to $1.27 per diluted share.
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FAQ

What is Armada Hoffler Properties, Inc.?

Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically integrated, self-managed real estate investment trust (REIT) with over four decades of experience in developing, building, acquiring, and managing high-quality office, retail, and multifamily properties primarily in the Mid-Atlantic and Southeastern United States.

What are the core business segments of Armada Hoffler?

The core business segments of Armada Hoffler include office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services.

How does Armada Hoffler generate revenue?

Armada Hoffler generates revenue by leasing its properties under operating leases, recognizing base rents, and recovering expenses from tenants for utilities, maintenance, and other costs. The company also earns revenue from its general contracting and real estate services segment.

What are some of Armada Hoffler's recent achievements?

Recent achievements include securing new office tenants such as KPMG LLP and Duane Morris LLP, increasing occupancy rates in flagship developments like the Town Center of Virginia Beach and Wills Wharf. The company also reported strong financial performance and increased dividends.

What are some key projects Armada Hoffler is currently involved in?

Key projects include the Southern Post mixed-use development in Roswell, Georgia, and The Interlock in Atlanta, Georgia. These projects exemplify the company's focus on creating vibrant, mixed-use environments.

Who are the key executives at Armada Hoffler?

Shawn Tibbetts is the President and Chief Operating Officer, and Louis Haddad is the Chief Executive Officer, expected to retire in the spring of 2025. The company was founded by Daniel A. Hoffler, who continues to be actively involved.

What is Armada Hoffler's financial outlook for 2024?

Armada Hoffler has provided a full-year 2024 Normalized FFO guidance range of $1.21 to $1.27 per diluted share, reflecting confidence in its portfolio's performance and strategic initiatives.

How does Armada Hoffler maintain financial stability?

The company maintains financial stability by focusing on strategic capital allocation, maintaining a diversified portfolio, and generating strong operating metrics. Armada Hoffler also engages in third-party construction and development services to generate additional revenue.

How can I contact Armada Hoffler for more information?

For more information, visit ArmadaHoffler.com or contact Chelsea Forrest, Director of Corporate Communications and Investor Relations, at CForrest@ArmadaHoffler.com or (757) 612-4248.

What makes Armada Hoffler's properties attractive to tenants?

Armada Hoffler's properties are attractive to tenants due to their high-quality construction, strategic locations in vibrant, mixed-use environments, and the company's commitment to maintaining and enhancing property value. The company's diversified approach and focus on tenant amenities also contribute to high occupancy rates.

Armada Hoffler Properties, Inc.

NYSE:AHH

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1.96%
86.52%
1.71%
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