Welcome to our dedicated page for Armada Hoffler Pptys news (Ticker: AHH), a resource for investors and traders seeking the latest updates and insights on Armada Hoffler Pptys stock.
Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically integrated, self-managed real estate investment trust focused on office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. This news page aggregates press releases and market updates that the company furnishes through GlobeNewswire and SEC filings, giving investors a centralized view of recent developments.
News about Armada Hoffler often covers quarterly earnings results, portfolio performance, and guidance updates. The company reports metrics such as net income or loss, funds from operations (FFO), normalized FFO, same store net operating income (NOI), and stabilized portfolio occupancy across its retail, office, and multifamily segments. Releases also highlight commercial leasing activity, including new leases, renewals, and releasing spreads, which illustrate trends in rental rates and demand for the company’s properties.
Investors can also follow announcements related to dividends on common stock and preferred stock, capital markets activity such as private placements of senior unsecured notes, and changes in the company’s capital structure or interest rate hedging. Governance and leadership updates, including Board appointments and committee decisions, are disclosed through press releases and corresponding Current Reports on Form 8-K.
Because Armada Hoffler combines property ownership with development, construction, and real estate financing, its news flow may also include information on construction backlog, general contracting and real estate services gross profit, and real estate financing investments. Bookmark this page to review the company’s historical and ongoing news items in one place and to see how management communicates performance, strategy, and key events to the market.
Armada Hoffler Properties (NYSE: AHH) has declared a cash dividend of $0.11 per common share for Q3 2020, payable on October 8, 2020, to stockholders on record as of September 30, 2020. This decision comes as monthly rent collections approach pre-COVID levels, marking a cautious return to dividend payments after a suspension earlier this year due to the pandemic. The Board also declared a cash dividend of $0.421875 per share for its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on October 15, 2020.
Armada Hoffler Properties (NYSE: AHH) announced a strong leasing update for its student housing properties, revealing a 95% pre-leased status for the 2020-2021 academic year as of July 27, 2020.
- Hoffler Place in Charleston, SC reports 100% occupancy.
- Summit Place in Charleston is 97% pre-leased.
- Johns Hopkins Village in Baltimore, MD shows 91% pre-leased status with additional prospects for remaining beds.
Armada Hoffler Properties, Inc. (NYSE: AHH) reported a rent collection rate of 91% for July as of July 17, 2020, an increase from 87% in June. The company anticipates over 95% by month-end, with substantially all office tenants current on rent payments and multifamily collections expected to remain high. Retail rent collection has improved significantly, reaching over 80% as most tenants resume operations. The company will provide further insights during its August 4 earnings call.
Armada Hoffler Properties (NYSE: AHH) has announced the termination of WeWork's lease for the top two office floors of Wills Wharf, prior to any tenant improvements. Both parties reached a mutually beneficial outcome, enabling Armada Hoffler to pursue leasing the remaining 69,000 square feet of space. Wills Wharf, located in Baltimore's Harbor Point, features over 325,000 square feet of prime mixed-use space. The company expresses optimism in finding new tenants to fill the space, highlighting the building's attractive location amidst Baltimore’s urban renaissance.
Armada Hoffler Properties (NYSE: AHH) reported improved rent collections for June 2020, achieving 87% as of June 19, compared to 85% in May and 84% in April. Nearly 90% of retail tenants are operational, and the company has engaged with over 95% of commercial tenants for rent relief. CEO Louis Haddad expressed optimism for June rent collection to exceed 90%, alongside solid construction profits expected in the third quarter. The company anticipates discussing the third-quarter dividend at its next board meeting if this positive trend continues.
Armada Hoffler Properties, Inc. (NYSE: AHH) will announce its earnings for the quarter ending June 30, 2020, on August 4, 2020, at 6:00 a.m. ET. A conference call will follow at 8:30 a.m. ET to discuss the earnings. Interested participants can join by calling 877-407-3982 (domestic) or 201-493-6780 (international). A replay of the call will be available until September 4, 2020, via specified dialing numbers. Armada Hoffler, established in 1979, is a REIT focused on high-quality real estate properties in the Mid-Atlantic and Southeastern U.S.
Armada Hoffler Properties (NYSE: AHH) has finalized the sale of a retail asset portfolio for $90 million, comprising seven grocery-anchored shopping centers totaling over 630,000 square feet, which represents 15% of its retail holdings. This strategic move is aimed at enhancing liquidity and balancing the portfolio towards multifamily and mixed-use developments, aligning with long-term objectives for net asset value growth and shareholder value creation.
Armada Hoffler Properties (NYSE: AHH) has rescheduled its 2020 Annual Meeting of Stockholders from June 17 to June 19, 2020, due to COVID-19 health concerns. The meeting will be held virtually at 10:00 a.m. Eastern Time. Stockholders can participate by visiting the provided web portal and entering their control numbers from proxy materials. In-person attendance will not be permitted, and stockholders are encouraged to vote prior to the meeting. The company aims to return to in-person meetings in the future.
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