Armada Hoffler Properties Reiterates FY2024 FFO Outlook $1.21-1.27 vs $1.24 Est
$AHH
Real Estate
Finance
Outlook
The Company maintained its 2024 full-year Normalized FFO guidance range at the Company's previous guidance range of $1.21 to $1.27 per diluted share. The following table updates the Company's assumptions underpinning its full-year guidance. The Company's executive management will provide further details regarding its 2024 earnings guidance during today's webcast and conference call.
| Full-year 2024 Guidance [1][2] | Expected Ranges | ||||
| Portfolio NOI | $166.6M | $171.0M | |||
| Construction Segment Gross Profit | $12.8M | $14.3M | |||
| G&A Expenses | $18.8M | $18.2M | |||
| Interest Income | $17.3M | $17.9M | |||
| Adjusted Interest Expense[3] | $59.4M | $58.8M | |||
| Normalized FFO per diluted share | $1.21 | $1.27 | |||