Armada Hoffler Properties, Inc. | REIT Profile

Symbol: AHH
CIK: 1298887
Exchange: NYSE
Preferred Stock: AHH-A
Founded: 1979 (43 years)
HQ: Virginia Beach, VA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Diversified, Retail, Residential, Office

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See AHH on SEC.gov

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Overall Score: 6.5

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 14, 2022


Open Price: $14.25
Closing Price: $14.28
Price Change: -0.03 (-0.21%)
Lowest Price: $14.145
Highest Price: $14.34

52-Week Low: $10.13
52-Week High: $15.80
52-Week Change: 31.32%

5 Day Price Change: -8.15%
1 Month Price Change: -3.34%
3 Month Price Change: 6.01%
6 Month Price Change: 9.77%
YTD Price Change: -5.98%
1 Year Price Change: 32.83%
2 Year Price Change: -14.57%
5 Year Price Change: 28.51%

Dividend of Trading Day January 14, 2022


Dividend Yield: 4.762%*
Annualized Dividend: $0.68*
Dividend Yield (TTM): 4.399%
Annualized Dividend (TTM): $0.6294
Ex-Dividend Date: 2021-12-28
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 14, 2022


Total Cash: $28,038,000
Current Debt: $251,204,000
Revenue: $312,663,000
Gross Profit: $313,040,000
Total Revenue: $312,663,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $110,059,000
Revenue Per Share: $5
Revenue Per Employee: N/A
Employee: 158
Debt to Equity Ratio (D/E): 3.70
Profit Margin: 0.04%
Enterprise Value (EV): $1,892,277,799
Enterprise Value to Revenue (EV/R): 6.05
Price to Sales (P/S): 2.90
Price to Book (P/B): 2.48
Price/Earnings-to-Growth (PEG) Ratio: -1.37
P/E Ratio: 74.69
P/E High: 36.68
P/E Low: 28.73
Forward P/E Ratio: 42.09
Market Capitalization: $903,914,818
Beta: 0.82
Latest Volume: 392,841
Avg. Total Volume: 684,036
Avg. 10-Day Volume: 817,532
Avg. 30-Day Volume: 684,036
TTM EPS: 0.19
Shares Outstanding: 63,299,357
Float: N/A
50-Day Moving Avg.: $14.69
200-Day Moving Avg.: $13.67

Latest REIT Community Comments on #AHH


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Properties Owned by AHH


Properties Based on REIT's Official Presentation

Properties Types States Countries
51 3 7 1

Please visit REIT’s official webpage for the most up-to-date property list.

AHH Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $17.64 per share you would have been able to buy 56 shares of AHH on 2021-01-16 costing $987.84 @ $17.64 per share you would have been able to buy 28 shares of AHH on 2021-01-16 costing $493.92 @ $17.64 per share you would have been able to buy 14 shares of AHH on 2021-01-16 costing $246.96 @ $17.64 per share you would have been able to buy 5 shares of AHH on 2021-01-16 costing $88.20 @ $17.64 per share you would have been able to buy 2 shares of AHH on 2021-01-16 costing $35.28
Current worth On 2022-01-14 these 56 shares would be worth $799.68 @ $14.28 On 2022-01-14 these 28 shares would be worth $399.84 @ $14.28 On 2022-01-14 these 14 shares would be worth $199.92 @ $14.28 On 2022-01-14 these 5 shares would be worth $71.40 @ $14.28 On 2022-01-14 these 2 shares would be worth $28.56 @ $14.28
Dividends earned $35.84 in dividends would have been earned since 2021-01-16 with 56 shares. $18 in dividends would have been earned since 2021-01-16 with 28 shares. $8.96 in dividends would have been earned since 2021-01-16 with 14 shares. $3.20 in dividends would have been earned since 2021-01-16 with 5 shares. $1.28 in dividends would have been earned since 2021-01-16 with 28 shares.
Net (gain / loss)* -152.32 USD -76.16 USD -38.08 USD -13.60 USD -5.44 USD
ROI** -15.42% -15.42% -15.42% -15.42% -15.42%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by AHH. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
AHH 2021-12-28 0.170 6.25% 2021-10-25 2021-12-29 2022-01-06
AHH 2021-09-28 0.160 --- 2021-09-02 2021-09-29 2021-10-07
AHH 2021-06-29 0.160 6.67% 2021-04-03 2021-06-30 2021-07-08
AHH 2021-03-30 0.150 36.36% 2021-02-09 2021-03-31 2021-04-08
AHH 2020-12-29 0.110 --- 2020-11-10 2020-12-30 2021-01-07
AHH 2020-09-29 0.110 -50.00% 2020-07-30 2020-09-30 2020-10-08
AHH 2020-03-24 0.220 4.76% 2020-02-20 2020-03-25 2020-04-02
AHH 2019-12-20 0.210 --- 2019-11-06 2019-12-23 2020-01-02
AHH 2019-09-24 0.210 --- 2019-08-07 2019-09-25 2019-10-03
AHH 2019-06-25 0.210 --- 2019-05-07 2019-06-26 2019-07-03
AHH 2019-03-26 0.210 5.00% 2019-02-21 2019-03-27 2019-04-04
AHH 2018-12-24 0.200 --- 2018-11-07 2018-12-26 2019-01-03
AHH 2018-09-25 0.200 --- 2018-08-02 2018-09-26 2018-10-04
AHH 2018-06-26 0.200 --- 2018-05-03 2018-06-27 2018-07-05
AHH 2018-03-27 0.200 5.26% 2018-02-22 2018-03-28 2018-04-05
AHH 2017-12-26 0.190 --- 2017-11-02 2017-12-27 2018-01-04
AHH 2017-09-26 0.190 --- 2017-08-04 2017-09-27 2017-10-05
AHH 2017-06-26 0.190 --- 2017-05-05 2017-06-28 2017-07-06
AHH 2017-03-27 0.190 5.56% 2017-02-02 2017-03-29 2017-04-06
AHH 2016-12-23 0.180 --- 2016-11-03 2016-12-28 2017-01-05

Financial Statements Overview


The next Earnings Report for AHH is 2022-02-10

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 28,038,000 43,493,000 24,762,000 40,998,000
Receivables 162,493,000 156,496,000 192,121,000 202,426,000
Inventory 0 0 0 0
Current Assets 265,078,000 209,823,000 226,763,000 296,318,000
Current Assets (Other) 370,000 85,000 54,000 43,462,000
Short Term Investments 69,132,000 85,000 54,000 43,462,000
Long-term Investments 1,719,306,000 1,710,635,000 1,707,218,000 1,620,653,000
Property, Plant & Equipment Net 1,579,337,000 1,574,831,000 1,571,487,000 1,503,952,000
Goodwill 0 0 0 0
Intangible Assets 65,197,000 55,807,000 60,006,000 58,154,000
Other Assets 42,051,000 40,358,000 38,054,000 23,544,000
Net Tangible Assets 299,981,000 310,303,000 297,638,000 293,960,000
Total Assets 1,984,384,000 1,920,458,000 1,933,981,000 1,916,971,000
Accounts Payable 22,078,000 18,470,000 32,971,000 49,821,000
Liabilities (Other) 0 0 0 15,621,000
Current Liabilities (Other) 183,048,000 82,257,000 77,500,000 71,269,000
Total Current Liabilities 251,204,000 146,724,000 156,388,000 121,090,000
Current Long-term Debt 46,078,000 45,997,000 45,917,000 0
Long-term Debt 968,424,000 964,396,000 975,147,000 981,799,000
Total Liabilities 1,448,121,000 1,383,263,000 1,405,252,000 1,393,772,000
Minority Interest 228,493,000 230,424,000 232,023,000 233,603,000
Common Stock 61,083,000 60,409,000 59,422,000 58,323,000
Retained Earnings -130,904,000 -124,697,000 -119,053,000 -112,356,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 536,263,000 537,195,000 528,729,000 523,199,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 67,062,000 65,786,000 81,304,000 98,511,000
Cost of Revenue 0 0 0 -377,000
Gross Profit 67,062,000 65,786,000 81,304,000 98,888,000
Research and Development 0 0 0 0
Selling General and Admin 3,449,000 3,487,000 4,021,000 3,523,000
Operating Expense 54,825,000 55,970,000 72,760,000 89,917,000
Operating Income 12,237,000 9,816,000 8,544,000 8,594,000
Income Expense Net (Other) 0 0 0 0
EBIT 12,237,000 9,816,000 8,544,000 8,594,000
Interest Income 5,061,000 1,672,000 3,859,000 4,311,000
Pretax Income 7,706,000 7,994,000 5,990,000 4,626,000
Income Tax -42,000 -461,000 -19,000 -63,000
Minority Interest 1,237,000 1,429,000 811,000 -7,597,000
Net Income 3,624,000 4,139,000 2,311,000 1,362,000
Net Income Basic 3,624,000 4,139,000 2,311,000 1,362,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 3,624,000 4,139,000 2,311,000 1,362,000
Depreciation 17,164,000 17,563,000 18,066,000 59,972,000
Changes in Receivables 162,493,000 156,496,000 192,121,000 202,426,000
Changes in Inventories 0 0 0 0
Cash Change 28,038,000 43,493,000 24,762,000 40,998,000
Cash Flow 28,582,000 32,505,000 8,135,000 23,412,000
Capital Expenditures -20,987,000 -11,885,000 -12,408,000 -73,562,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -69,748,000 -486,000 -31,119,000 -22,354,000
Dividends Paid 0 0 0 0
Net Borrowings 917,332,000 966,815,000 996,248,000 897,339,000
Cash Flow Financing 21,377,000 -13,365,000 7,142,000 86,350,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Armada Hoffler Properties, Inc.


Armada Hoffler Properties, Inc., is a full service real estate company with extensive experience developing, building, owning and managing high-quality, institutional- grade office, retail and multifamily properties in attractive markets throughout the Mid-Atlantic United States. Armada Hoffler Properties, Inc., primarily target markets in the Mid-Atlantic region of the United States that exhibit attractive long-term supply and demand characteristics as well as favorable competitive dynamics. Its portfolio consists of office, retail, and multifamily properties in various markets in Virginia and North Carolina.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
8 Dividend to Normalized FFO Payout Ratio Health: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios during the last four quarters. 8.8
Rating AFFO & Efficiency Section Avg. Rating
6 Normalized FFO Trend: Analysis of the REIT’s Normalized FFO trend during the last two years. 7.7
6 Normalized FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
3 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
4 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
3 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
8 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
7 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
10 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
7 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
6.5 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-01-16 - v2.8