Armada Hoffler Pptys Inc Stock Price, News & Analysis

Armada Hoffler (NYSE: AHH) will report its earnings for Q1 2023 on May 9, 2023, at 6:00 a.m. Eastern. A conference call will follow at 8:30 a.m. for senior management to discuss the earnings release.

Investors can join the call by dialing (+1) 888-259-6580 (toll-free) or (+1) 514-316-5035 (toll) with conference ID 47149616. The call will also be available via a webcast on the company’s website, ArmadaHoffler.com.

A telephonic replay will be accessible until June 9, 2023, by dialing (+1) 877-674-7070 or (+1) 416-764-8692 using passcode 149616#. Additionally, a webcast replay will be available for 30 days starting two hours post-call.

Armada Hoffler (NYSE: AHH) announced a cash dividend of $0.19 per common share for Q1 2023, payable on April 6, 2023, to stockholders of record by March 29, 2023.

Additionally, a dividend of $0.421875 per share will be distributed on its 6.75% Series A Preferred Stock, payable on April 14, 2023, to stockholders recorded by April 3, 2023.

Armada Hoffler, a self-managed REIT with over 40 years of experience, focuses on developing and managing high-quality properties primarily in the Mid-Atlantic and Southeastern U.S.

Armada Hoffler (NYSE: AHH) has announced the income tax treatment for its 2022 dividend distributions, detailing important allocations for both common and preferred stockholders. For common stock, 65.64% of dividends will be classified as ordinary taxable income, while 34.36% will be categorized as non-dividend distributions. In contrast, the full 100% of preferred stock dividends is considered ordinary income. Stockholders are advised to consult their tax advisors for specific situations. This announcement aligns with the 2017 Tax Cuts and Jobs Act regulations, highlighting Armada's commitment to transparent reporting and shareholder communication.

Armada Hoffler Properties (NYSE: AHH) reported a strong financial performance for Q4 2022, achieving a net income of $11.5 million ($0.13 per diluted share), a significant increase from $0.4 million the previous year. For the full year, net income rose to $82.5 million ($0.93 per diluted share), compared to $13.9 million in 2021. The company reported a normalized FFO of $1.22 per diluted share, a 13% year-over-year increase. Portfolio occupancy remained high at 97%. The firm introduced 2023 normalized FFO guidance of $1.23 to $1.27 per diluted share and received a BBB investment grade credit rating. Strong performance in the construction segment contributed positively to earnings.

Armada Hoffler Properties (NYSE: AHH) announced a BBB investment grade credit rating with a stable trend from DBRS Morningstar on February 7, 2023. This milestone recognizes the company’s significant market position in the Mid-Atlantic region, asset quality in its multifamily portfolio, and a diversified commercial tenant base. DBRS highlighted the firm’s strong cash flow relative to financial obligations. This investment grade rating enhances access to a broader investor pool and additional capital for growth initiatives. Founded over 40 years ago, Armada Hoffler has tripled in size since its IPO and was recently added to the MSCI U.S. REIT Index and S&P Small Cap 600 Index.

Armada Hoffler (NYSE: AHH) will announce its earnings for the quarter ended December 31, 2022, on February 14, 2023, at 6:00 a.m. Eastern. A conference call will take place at 8:30 a.m. to discuss the earnings report. Interested parties can listen in via a toll-free number or through the company's investor relations webpage. A telephonic replay of the call will be available until March 16, 2023. Founded in 1979, Armada Hoffler is a self-managed real estate investment trust specializing in office, retail, and multifamily properties in the Mid-Atlantic and Southeastern U.S.