Schedule 13G: State Street Holds 4% of Armada Hoffler Common Stock

Rhea-AI Filing Summary

State Street Corporation reports passive ownership of 3,196,664 shares of Armada Hoffler Properties common stock, representing 4% of the class. The filing discloses shared voting power of 2,916,738 shares and shared dispositive power over 3,196,664 shares, with no sole voting or dispositive power. The filer is classified as a holding company and identifies multiple State Street investment-adviser subsidiaries as the entities tied to the holdings. The statement includes a certification that these securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Positive

• Institutional stake of 3,196,664 shares provides clear disclosure of meaningful ownership
• Filing certified as passive (held in ordinary course, not to influence control), reducing concerns about imminent governance action
• Ownership via multiple State Street adviser subsidiaries indicates structured institutional custody and management

Negative

• None.

Insights

Financial Analyst

TL;DR State Street holds a modest, passive 4% stake with shared voting/dispositive power; not seeking control.

State Street's Schedule 13G discloses a 3,196,664-share position equal to 4% of Armada Hoffler's class. The breakdown shows material shared voting power (2,916,738) and full shared dispositive power for the reported position, while sole powers are zero. The filing is filed under Schedule 13G and includes a formal certification that the stake is held in the ordinary course of business and not to influence control. For investors, this confirms institutional ownership without an activist intent.

Corporate Governance Expert

TL;DR Institutional ownership disclosed, classified as holding company with adviser subsidiaries; passive filing reduces governance concerns.

The report identifies State Street Corporation as the reporting person and lists several State Street adviser subsidiaries as the acquiring/holding entities. Classification as a holding company (HC) and the Schedule 13G posture, coupled with the signed certification, indicate a passive position under securities rules. Because the stake is under 5% and explicitly not intended to influence control, this disclosure is governance-neutral and signals typical index/asset-manager ownership rather than an active governance campaign.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

ARMADA HOFFLER PROPERTIES INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

04208T108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 04208T108

1

Names of Reporting Persons

STATE STREET CORPORATION

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MASSACHUSETTS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,916,738.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,196,664.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,196,664.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ARMADA HOFFLER PROPERTIES INC
(b)	Address of issuer's principal executive offices: 222 CENTRAL PARK AVENUE SUITE 2100 , VIRGINIA BEACH, VIRGINIA, 23462
Item 2.
(a)	Name of person filing: STATE STREET CORPORATION;
(b)	Address or principal business office or, if none, residence: ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)	Citizenship: MA
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 04208T108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3196664.00
(b)	Percent of class: 4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 2,916,738
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 3,196,664
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. NOT APPLICABLE
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. NOT APPLICABLE
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. NOT APPLICABLE

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

STATE STREET CORPORATION

Signature:	ELIZABETH SCHAEFER
Name/Title:	SENIOR VICE PRESIDENT, CHIEF ACCOUNTING OFFICER
Date:	08/08/2025

FAQ

How many Armada Hoffler (AHH) shares does State Street own?

State Street reports beneficial ownership of 3,196,664 shares of Armada Hoffler common stock.

What percentage of Armada Hoffler does State Street hold?

The reported position equals 4% of the class.

Does State Street have sole voting or dispositive power over these shares?

No. The filing shows 0 sole voting power and 0 sole dispositive power; powers are reported as shared.

What shared voting and dispositive powers are reported?

State Street reports shared voting power of 2,916,738 shares and shared dispositive power over 3,196,664 shares.

Is this ownership intended to influence control of Armada Hoffler?

No. The filing includes a certification that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control.

Which State Street entities are identified in the filing?

The filing names multiple State Street investment-adviser subsidiaries, including SSGA Funds Management, Inc. and various State Street Global Advisors entities.