Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. In addition to developing and building properties for its own account, the Company also provides development and general contracting construction services to third-party clients. Founded in 1979 by Daniel A. Hoffler, the Company has elected to be taxed as a REIT for U.S. federal income tax purposes.
IPO Year: 2013
Exchange: NYSE
Website: armadahoffler.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/28/2025 | $11.00 | Sector Perform | Scotiabank |
| 7/15/2024 | $13.00 → $11.00 | Buy → Hold | Jefferies |
| 7/15/2024 | $12.75 | Buy | Stifel |
| 10/25/2021 | $14.00 → $13.50 | Neutral → Underperform | BofA Securities |
| 9/22/2021 | $15.00 | Buy | Stifel |
| 7/23/2021 | $15.00 | Buy | Jefferies |
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
424B5 - Armada Hoffler Properties, Inc. (0001569187) (Filer)
10-Q - Armada Hoffler Properties, Inc. (0001569187) (Filer)
VIRGINIA BEACH, Va., March 20, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced the execution of three new office leases totaling approximately 20,000 square feet at The Interlock, one of Atlanta's premier mixed-use developments. The Company finalized lease agreements with private equity firm Directional Capital, digital marketing firm Look Listen, and law firm Levy, Sibley, Foreman & Speir, LLC. This announcement follows the highly anticipated news of the large and impactful new leases with The Gathering Spot and F1® Arcade at The Interlock. The prime office space left vacant following WeWork's departure has now been substantially leased, marking a strong rebound and renewed
VIRGINIA BEACH, Va., March 12, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that its Board of Directors declared the company's regular quarterly cash dividend of $0.14 per common share. The first quarter dividend will be paid in cash on April 3, 2025, to stockholders of record on March 26, 2025. The Board of Directors also declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on April 15, 2025, to stockholders of record on April 1, 2025. This decision reflects the company's commitment to long-term shareholder interests. The revision is consistent with the Company's updated business plan that is fo
VIRGINIA BEACH, Va., March 10, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that F1® Arcade, the world's first Formula1® hospitality brand, has signed a lease for over 15,000 square feet of space at The Interlock, the dynamic mixed-use development located in the heart of West Midtown, Atlanta, bringing the total retail leased occupancy to 99%. The new F1® Arcade location will bring an exciting and immersive entertainment experience to The Interlock, further enhancing the property's reputation as a premier destination for both West Midtown residents and visitors. F1® Arcade offers an interactive, Formula 1-inspired experience with state-of-the-art simulators, high-energy en
VIRGINIA BEACH, Va., March 03, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that Jennifer Boykin has been appointed to the Company's Board of Directors. "We are excited to welcome Mrs. Boykin to our Board of Directors," said Shawn Tibbetts, Chief Executive Officer and President of Armada Hoffler. "Her extensive leadership experience and strategic vision will significantly enhance our Board's ability to navigate the ever-evolving landscape of our industry. We look forward to benefiting from her insights as we continue to execute on our long-term goals and drive sustainable growth for the Company." Boykin's transformational leadership has spanned decades, serving as the E
GAAP Net Income of $0.26 Per Diluted Share for the Fourth Quarter and $0.33 per Diluted Share for the Full Year Normalized FFO of $0.27 Per Diluted Share for the Fourth Quarterand $1.29 per Diluted Share for the Full Year Office Same Store NOI Growth of 12.3% (GAAP)Positive Office Releasing Spreads of 18.7% (GAAP) and 3.5% (Cash) Positive Retail Renewal Spreads of 11.1% (GAAP) and 2.9% (Cash) Approximately 315K Net Rentable Square Feet of New and Renewed Commercial Lease Space Introduced 2025 Full-Year Normalized FFO Guidance Range of $1.00 to $1.10 per Diluted Share VIRGINIA BEACH, Va., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE:AHH) today an
VIRGINIA BEACH, Va., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE:AHH) announced the income tax treatment of its 2024 dividend distributions to holders of shares of the Company's common stock and preferred stock. This information represents final income allocations as they will be reported on Form 1099-DIV. The tax information provided should not be construed as tax advice. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's distributions. Beginning in 2018, ordinary taxable income per share of common stock and preferred stock is equal to the 199A dividend that was created by the 2017 Tax Cu
VIRGINIA BEACH, Va., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced strategic steps in reducing exposure to variable rate debt as the company continues to execute its balance sheet management strategy. Since the end of the third quarter of 2024, the Company has: Executed a $150 million floating-to-fixed rate swap, effective January 2, 2025, with a 2-year term, and a swap fixed rate of 2.5%. The Company bought down the rate for a total cost of $4.6 million. With this trade, Armada Hoffler is 100% hedged on its variable rate debt exposure, which the Company expects to maintain into the fourth quarter of 2025, based on current variable rate debt levels and existing der
VIRGINIA BEACH, Va., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) completed two significant new retail leases at Columbus Village in the Town Center of Virginia Beach district. The Company executed a 14,000-square-foot lease with a prominent grocer and a 19,000-square-foot lease with a national sporting goods retailer. These two credit tenants will backfill substantially all of the space previously occupied by Bed Bath & Beyond. In the 18 months since Bed Bath & Beyond closed, the Company has now backfilled both spaces previously occupied by the retailer, having also re-leased the space at Patterson Place to another national credit tenant. With 6.9 million annual visits an
VIRGINIA BEACH, Va., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) will report its earnings for the quarter ending December 31, 2024 at approximately 4:00 p.m. Eastern on Wednesday, February 19th, 2025. At 8:30 a.m. Eastern on Thursday, February 20, 2025, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 800-549-8228 (toll-free dial-in number) or (+1) 646 564 9445 (toll dial-in number). The conference ID is 73009. The conference call will also be available through the investors page of the Company's website, ArmadaHoffler.com. A telephonic replay will be available shortly after the conclusio
VIRGINIA BEACH, Va., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) closed out a momentous year of office leasing activity at Town Center of Virginia Beach with the completion of a lease with Trader Interactive. Virginia Beach-based Trader Interactive leased a full 12,000-square-foot floor at Armada Hoffler's flagship mixed-use development. Armada Hoffler's lease with Trader Interactive established a new benchmark for office rent per square foot at Town Center of Virginia Beach. Lease terms were not disclosed. Trader Interactive is set to occupy the top floor of the 222 Central Ave. building, which was previously occupied by Armada Hoffler. To meet the significant demand for
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4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
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4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
Scotiabank initiated coverage of Armada Hoffler Properties with a rating of Sector Perform and set a new price target of $11.00
Jefferies downgraded Armada Hoffler Properties from Buy to Hold and set a new price target of $11.00 from $13.00 previously
Stifel resumed coverage of Armada Hoffler Properties with a rating of Buy and set a new price target of $12.75
BofA Securities downgraded Armada Hoffler Properties from Neutral to Underperform and set a new price target of $13.50 from $14.00 previously
Stifel initiated coverage of Armada Hoffler Properties with a rating of Buy and set a new price target of $15.00
Jefferies initiated coverage of Armada Hoffler Properties with a rating of Buy and set a new price target of $15.00
DA Davidson upgraded Armada Hoffler Properties from Neutral to Buy and set a new price target of $16.00
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VIRGINIA BEACH, Va., March 03, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that Jennifer Boykin has been appointed to the Company's Board of Directors. "We are excited to welcome Mrs. Boykin to our Board of Directors," said Shawn Tibbetts, Chief Executive Officer and President of Armada Hoffler. "Her extensive leadership experience and strategic vision will significantly enhance our Board's ability to navigate the ever-evolving landscape of our industry. We look forward to benefiting from her insights as we continue to execute on our long-term goals and drive sustainable growth for the Company." Boykin's transformational leadership has spanned decades, serving as the E
VIRGINIA BEACH, Va., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) completed a successful exit from two retail real estate assets in South Carolina. The Company closed the sales of Nexton Square in Summerville, South Carolina and Market at The Mill Creek in Mount Pleasant, South Carolina on December 18, 2024. Both properties were sold to the same undisclosed buyer for $82 million. Armada Hoffler capitalized on the heightened demand for Southeast U.S. retail assets, exiting at a blended cap rate in the low 6% range. Both assets were fully stabilized at the time of the sale. Armada Hoffler teamed with local sponsors to develop and deliver both Nexton Square and Market at Mill
VIRGINIA BEACH, Va., March 25, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that F. Blair Wimbush has been appointed to the Company's Board of Directors, effective immediately. "We are thrilled to welcome Blair to our esteemed Board of Directors," stated Lou Haddad, Chief Executive Officer at Armada Hoffler. "His wealth of experience and profound insights align perfectly with our strategic vision. Blair's addition enhances our collective expertise, ensuring our continued growth and success. We eagerly anticipate the invaluable contributions he will undoubtedly bring to our organization." A veteran of the transportation industry, Wimbush dedicated 35 years to Norfolk Sou
VIRGINIA BEACH, Va., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler's (NYSE:AHH) Board of Directors announces that Shawn Tibbetts, the Company's Chief Operating Officer, has been named President. Tibbetts has served as the Chief Operating Officer of the Company since joining in 2019 and plays an integral role in its growth and success. Upon the expected retirement of Louis Haddad as CEO in the spring of 2025, the Company's Board of Directors, having undertaken a deliberate and thorough succession planning process over the last several years, expects to appoint Tibbetts as Chief Executive Officer. As President and Chief Operating Officer, Tibbetts will continue to oversee all aspects of
VIRGINIA BEACH, Va., March 12, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that its Board of Directors declared the company's regular quarterly cash dividend of $0.14 per common share. The first quarter dividend will be paid in cash on April 3, 2025, to stockholders of record on March 26, 2025. The Board of Directors also declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on April 15, 2025, to stockholders of record on April 1, 2025. This decision reflects the company's commitment to long-term shareholder interests. The revision is consistent with the Company's updated business plan that is fo
GAAP Net Income of $0.26 Per Diluted Share for the Fourth Quarter and $0.33 per Diluted Share for the Full Year Normalized FFO of $0.27 Per Diluted Share for the Fourth Quarterand $1.29 per Diluted Share for the Full Year Office Same Store NOI Growth of 12.3% (GAAP)Positive Office Releasing Spreads of 18.7% (GAAP) and 3.5% (Cash) Positive Retail Renewal Spreads of 11.1% (GAAP) and 2.9% (Cash) Approximately 315K Net Rentable Square Feet of New and Renewed Commercial Lease Space Introduced 2025 Full-Year Normalized FFO Guidance Range of $1.00 to $1.10 per Diluted Share VIRGINIA BEACH, Va., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE:AHH) today an
VIRGINIA BEACH, Va., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE:AHH) announced the income tax treatment of its 2024 dividend distributions to holders of shares of the Company's common stock and preferred stock. This information represents final income allocations as they will be reported on Form 1099-DIV. The tax information provided should not be construed as tax advice. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's distributions. Beginning in 2018, ordinary taxable income per share of common stock and preferred stock is equal to the 199A dividend that was created by the 2017 Tax Cu
VIRGINIA BEACH, Va., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) will report its earnings for the quarter ending December 31, 2024 at approximately 4:00 p.m. Eastern on Wednesday, February 19th, 2025. At 8:30 a.m. Eastern on Thursday, February 20, 2025, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 800-549-8228 (toll-free dial-in number) or (+1) 646 564 9445 (toll dial-in number). The conference ID is 73009. The conference call will also be available through the investors page of the Company's website, ArmadaHoffler.com. A telephonic replay will be available shortly after the conclusio
VIRGINIA BEACH, Va., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that its press release issued under the headline "Armada Hoffler Announces Quarterly Dividend" on December 13, 2024 was changed only to correct the record date for the cash dividend on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The record date for the cash dividend on Armada Hoffler's 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock is January 2, 2025, rather than December 31, 2024. The record date for the cash dividend on Armada Hoffler's common stock and the payment dates and dividend amounts for the dividends on Armada Hoffler's common stock and 6.75% Series
VIRGINIA BEACH, Va., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share. The fourth quarter dividend will be paid in cash on January 2, 2025, to stockholders of record on December 26, 2024. The Board of Directors also 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, to stockholders of record on December 31, 2024. About Armada Hoffler Armada Hoffler is a vertically integrated, self-managed real estate investment trust ("REIT") with over four decades of experience developing, building,
VIRGINIA BEACH, Va., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced changes to the timing of the previously announced release of its third quarter 2024 financial results and the 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. At 8:30 a.m. Eastern on Tuesday, November 5, 2024, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 800 549 8228 (toll-free dial-in number) or (+1) 646 564 2877 (toll dial-in number). The conference ID is 73360. The conference call will
VIRGINIA BEACH, Va., Sept. 27, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) will report its earnings for the quarter ending September 30, 2024 at approximately 4:00 p.m. Eastern on Tuesday, November 5, 2024. At 8:30 a.m. Eastern on Wednesday, November 6, 2024, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 800 549 8228 (toll-free dial-in number) or (+1) 646 564 2877 (toll dial-in number). The conference ID is 73360. The conference call will also be available through the investors page of the Company's website, ArmadaHoffler.com. A telephonic replay will be available shortly after the conclusion o
VIRGINIA BEACH, Va., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share. The third quarter dividend will be paid in cash on October 3, 2024, to stockholders of record on September 25, 2024. The Board of Directors also declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on October 15, 2024, to stockholders of record on October 1, 2024. About Armada Hoffler Armada Hoffler is a vertically integrated, self-managed real estate investment trust ("REIT") with over four decades of experience developing, building, acquiring
GAAP Net Income of $0.4 million Normalized FFO of $0.34 Per Diluted Share Office Same Store NOI Growth of 9.0% (GAAP) and 7.7% (Cash); Positive Office Renewal Spreads of 24.3% (GAAP) and 4.4% (Cash)Office Occupancy Increased to 94.3% Positive Renewal Spreads on Retail Leases of 5.8% (GAAP) and 2.9% (Cash) Positive Tradeouts on Multifamily Renewals of 4.3% Maintained 2024 Full-Year Normalized FFO Guidance Range of $1.21 to $1.27 Per Diluted Share VIRGINIA BEACH, Va., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE:AHH) today announced its results for the quarter ended June 30, 2024 and provided an update on current events and earnings guidance. S