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 (NYSE: AHH) operates as a vertically integrated real estate investment trust with development, construction, and property management capabilities across the Mid-Atlantic and Southeastern United States. The company's news flow reflects its diversified operations spanning office, retail, and multifamily real estate.
Quarterly earnings announcements detail performance across the company's property portfolio, including occupancy rates, rental income trends, and same-store growth metrics. These reports also cover the construction segment's backlog and fee income, providing insight into the development pipeline. Investors monitoring AHH stock track funds from operations (FFO), the primary earnings metric for REITs, alongside dividend coverage and portfolio occupancy.
Dividend announcements represent regular news events, as Armada Hoffler distributes quarterly payments to shareholders per REIT requirements. Leasing activity announcements highlight new tenants, lease renewals, and expansion deals across office, retail, and apartment properties. These updates signal demand strength in the company's target markets and tenant quality.
Property acquisition and disposition news tracks portfolio changes as the company buys stabilized assets or sells non-core holdings. Development announcements cover groundbreakings, construction progress, and project completions for new office buildings, retail centers, and apartment communities. Third-party construction contract wins also generate news when the general contracting segment secures significant projects.
Corporate governance updates include board appointments, executive changes, and proxy statement filings. As a publicly traded REIT, Armada Hoffler maintains regular SEC filing schedules that generate news around 10-K annual reports, 10-Q quarterly reports, and 8-K material event disclosures. Bookmark this page to follow Armada Hoffler's property portfolio, development activity, and shareholder distributions.
Armada Hoffler Properties (NYSE: AHH) announced a cash dividend of $0.19 per common share for Q3 2022, marking a 12% increase from the previous quarter. The dividend is payable on October 6, 2022, to stockholders of record on September 28, 2022. Additionally, a preferred stock dividend of $0.421875 per share will be paid on October 14, 2022. CEO Louis Haddad highlighted sustained growth, increased occupancy, and effective cost management as key factors supporting the dividend increase and anticipated strong earnings performance.
Armada Hoffler (NYSE: AHH) announced the successful sale of The Residences at Annapolis Junction, a 416-unit apartment community, for $150 million. This sale, finalized on July 22, 2022, is part of the company's strategy to dispose of $177 million in noncore assets, achieving a blended exit cap rate of 4.1%. CEO Lou Haddad highlighted that these proceeds will fulfill the company’s equity needs for the year and facilitate ongoing development projects without the need for capital market access. The property was 97% occupied at the time of the sale.
Armada Hoffler (NYSE: AHH) announced that Dennis Gartman, a renowned investor and economist, has joined its Board of Directors as the sixth independent member. President and CEO Lou Haddad expressed enthusiasm, stating Gartman's expertise will be a valuable resource for the company. Gartman has 30 years of experience publishing 'The Gartman Letter' and has held significant roles in various financial institutions. Armada Hoffler is a self-managed real estate investment trust specializing in developing and managing properties primarily in the Mid-Atlantic and Southeastern U.S.
Armada Hoffler (NYSE: AHH) has announced a new lease agreement with Franklin Templeton for 60,000 square feet at its Wills Wharf office building in Baltimore, achieving 91% occupancy. This addition strengthens Wills Wharf’s position as a premier location in the Harbor Point area, which houses major tenants like T. Rowe Price and Morgan Stanley. The building offers 325,000 square feet of Class A office space, contributing to the ongoing development of Baltimore’s waterfront, which has the potential for up to 3 million square feet of mixed-use space.
Armada Hoffler (NYSE: AHH) announced the successful sale of two properties leased to Costco and Home Depot in Durham, North Carolina, for $24 million, completed on June 29, 2022. The 4.0% exit capitalization rate surpassed their earlier target of 4.5%, reflecting strong investor demand for high credit, single-tenant assets. This transaction aligns with the company's broader strategy to divest up to $200 million in noncore assets this year, aiming to self-fund equity needs with minimal earnings impact.
Armada Hoffler Properties (NYSE: AHH) will release its earnings for Q2 2022 on August 4, 2022, at 6:00 a.m. Eastern. Following the earnings release, a conference call will take place at 8:30 a.m. Eastern, where senior management will discuss the results. The call can be accessed by dialing 877-407-3982 domestically or 201-493-6780 internationally, and through the company's website. A replay will be available until September 4, 2022. Armada Hoffler is a self-managed real estate investment trust with a focus on high-quality properties in the Mid-Atlantic and Southeastern U.S.
Armada Hoffler announces the resignation of Dorothy McAuliffe from its Board of Directors as she takes up a new role with the Biden administration's State Department. McAuliffe has been a director since 2019. The company has reduced its board size accordingly. CEO Lou Haddad expressed gratitude for her contributions and congratulated her on her new position. McAuliffe previously served in various roles focused on education and child welfare and has a background in law and financial regulation.
On May 12, 2022, Armada Hoffler Properties, Inc. (NYSE: AHH) announced a cash dividend of $0.17 per common share for Q2 2022, payable on July 7, 2022, to stockholders of record as of June 29, 2022. Additionally, a cash dividend of $0.421875 per share was declared on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on July 15, 2022, to stockholders of record on July 1, 2022. Armada Hoffler is a real estate investment trust with over 40 years of experience in developing and managing properties primarily in the Mid-Atlantic and Southeastern U.S.
Armada Hoffler Properties reported Q1 2022 net income of $9.3 million, or $0.11 per diluted share, up from $3.1 million, or $0.04 per diluted share, in Q1 2021. Funds from operations (FFO) rose to $27.6 million, with normalized FFO at $24.5 million, both reflecting significant year-over-year growth. The company raised its full-year normalized FFO guidance to $1.15 to $1.19 per share. Occupancy rates across sectors remain strong, averaging 97.1%. Key developments include the acquisition of the Exelon Building and the disposition of two student housing assets for $81 million.
Armada Hoffler Properties (NYSE: AHH) has completed its strategic exit from the student housing market with the sale of Summit Place in Charleston, South Carolina, marking its final divestment in this asset class. This aligns with the company’s focus on conventional multifamily, mixed-use, and retail investments. CEO Louis Haddad emphasized the shift allows the firm to concentrate resources on development opportunities that promise high returns for shareholders. The proceeds will be redirected towards acquiring conventional multifamily and grocery-anchored shopping center properties.
FAQ
What is the current stock price of Armada Hoffler Pptys (AHH)?
What is the market cap of Armada Hoffler Pptys (AHH)?
