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 (NYSE: AHH) has successfully sold two retail properties in South Carolina for $82 million, achieving a 20% profit over cost. The transaction, completed on December 18, 2024, included Nexton Square in Summerville and Market at Mill Creek in Mount Pleasant, both sold to the same undisclosed buyer at a blended cap rate in the low 6% range.
The sale generated nearly $60 million in cash equity for future growth opportunities and enabled the company to repay the Nexton Square mortgage, which was their most expensive variable-rate loan. Nexton Square is a 133,608-square-foot open-air lifestyle center serving a 4,500-acre master-planned community, while Market at Mill Creek features a 50,000-square-foot Lowes Foods anchor store plus 23,000 square feet of inline shop space.
Armada Hoffler (NYSE: AHH) has issued a correction to its December 13, 2024 dividend announcement, specifically regarding the record date for its Series A Preferred Stock dividend. The correct record date is January 2, 2025, not December 31, 2024. The company's Board of Directors has declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on January 15, 2025. All other dividend details, including common stock dividend record date, payment dates, and dividend amounts remain unchanged.
Armada Hoffler (NYSE: AHH) has declared its fourth quarter dividends. The company will distribute a cash dividend of $0.205 per common share, payable on January 2, 2025, to stockholders of record as of December 26, 2024. Additionally, holders of the company's 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock will receive a cash dividend of $0.421875 per share, payable on January 15, 2025, to stockholders of record as of December 31, 2024.
Armada Hoffler (NYSE: AHH) announces leadership transition as Shawn Tibbetts, current President and COO, will become CEO effective January 1, 2025. Lou Haddad will retire as CEO after 25 years but remain as Executive Chairman. Under Tibbetts' operational leadership since 2019, the company achieved 45% portfolio NOI growth and executed over $1.2 billion in transactions. During Haddad's tenure, the company completed its IPO, developed Town Center of Virginia Beach, and grew to an enterprise value of $2.6 billion across eight states.
Armada Hoffler Properties reported a GAAP net loss of $10.4 million for Q3 2024, while achieving Normalized FFO of $0.35 per diluted share. The company demonstrated strong operational performance with positive metrics across segments: office same-store NOI grew 6.1%, office occupancy increased to 94.7%, retail occupancy rose to 96.2%, and multifamily showed positive tradeouts of 1.8%. The company narrowed its 2024 full-year Normalized FFO guidance to $1.25-$1.27 per diluted share. Notable financial activities included raising $108.7 million through a public offering of 10.35 million shares at $10.50 per share and maintaining a construction backlog of $193.1 million.
Armada Hoffler (NYSE: AHH) has announced a change in the timing of its third quarter 2024 financial results release and associated teleconference. The company will now report its earnings for the quarter ending September 30, 2024, at approximately 4:00 p.m. Eastern on Monday, November 4, 2024. A conference call and webcast hosted by senior management will follow at 8:30 a.m. Eastern on Tuesday, November 5, 2024, to discuss the earnings and other information.
To participate in the call, investors can dial (+1) 800 549 8228 (toll-free) or (+1) 646 564 2877 (toll) using the conference ID 73360. The call will also be available through the investors page of ArmadaHoffler.com. A telephonic replay will be accessible until December 30, 2024, by dialing (+1) 888 660 6264 (toll-free) or (+1) 646 517 3975 (toll) with passcode 73360#. Additionally, a webcast replay will be available approximately two hours after the call concludes.
Armada Hoffler (NYSE: AHH) has priced an underwritten public offering of 9,000,000 shares of its common stock, expecting to raise approximately $94.5 million in gross proceeds. The offering is set to close on September 27, 2024, with underwriters having a 30-day option to purchase up to an additional 1,350,000 shares. The company plans to use the net proceeds to repay loans secured by Chronicle Mill, Premier, and Market at Mill Creek, as well as outstanding amounts on its revolving credit facility. Any remaining funds will be used for general corporate purposes and working capital.
The offering is being managed by Jefferies, BofA Securities, and Barclays as joint book-running managers, with Scotiabank and Stifel as additional book-running managers, and Janney Montgomery Scott and Regions Securities as co-managers.
Armada Hoffler (NYSE: AHH) has announced the commencement of an underwritten public offering of 7,000,000 shares of its common stock. The company has also granted underwriters a 30-day option to purchase up to an additional 1,050,000 shares. The net proceeds will be used to repay loans secured by Chronicle Mill, Premier, and Market at Mill Creek, as well as outstanding amounts under the company's revolving credit facility. Any remaining funds will be allocated for general corporate purposes and working capital.
Jefferies, BofA Securities, and Barclays are serving as joint book-running managers for the offering. The offering is being made pursuant to a shelf registration statement on Form S-3, which became automatically effective upon filing with the SEC on February 28, 2023. A prospectus supplement relating to the offering will be filed with the SEC.
Armada Hoffler (NYSE: AHH) has announced its quarterly dividend payments for both common and preferred stockholders. The company's Board of Directors declared a cash dividend of $0.205 per common share, payable on October 3, 2024, to stockholders of record as of September 25, 2024. Additionally, a cash dividend of $0.421875 per share was declared on the company's 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, set to be paid on October 15, 2024, to stockholders of record on October 1, 2024. This announcement demonstrates Armada Hoffler's commitment to providing regular returns to its investors through dividend distributions.
Armada Hoffler Properties (NYSE: AHH) reported its Q2 2024 results, highlighting Normalized FFO of $0.34 per diluted share, up from $0.32 in Q2 2023. Key highlights include:
- GAAP Net Income of $0.4 million
- Office Same Store NOI Growth of 9.0% (GAAP) and 7.7% (Cash)
- Office Occupancy increased to 94.3%
- Positive Renewal Spreads across all segments
- Maintained 2024 Full-Year Normalized FFO Guidance of $1.21 to $1.27 per diluted share
The company's portfolio showed resilience with a 94.9% weighted average stabilized occupancy. AHH also realized $25.8 million from the redemption of a preferred equity investment and reported a construction backlog of $302.9 million.