Armada Hoffler Properties, Inc.

Symbol: AHH
CIK: 1298887
Exchange: NYSE
Founded: 2012 (7 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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Overall Score: 6.9

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Armada Hoffler Properties, Inc. Company Logo

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Hightlights of Trading Day October 18, 2019


Open Price: $18.11
Closing Price: $18.27
Price Change: 0.11 (0.606%)
Lowest Price: $18.1
Highest Price: $18.27

52-Week Low: $13.53
52-Week High: $18.43
52-Week Change: 21.15%

5 Day Price Change: 0.83%
1 Month Price Change: -0.49%
3 Month Price Change: 7.78%
6 Month Price Change: 16.11%
YTD Price Change: 30.84%
1 Year Price Change: 20.42%
2 Year Price Change: 28.16%
5 Year Price Change: 101.11%

Dividend of Trading Day October 18, 2019


Dividend Yield: 4.598%*
Annualized Dividend: $0.84*
Dividend Yield (TTM): 4.488%
Annualized Dividend (TTM): $0.82
Ex Dividend Date: 2019-09-24
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.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day October 18, 2019


Total Cash: $24,051,000
Current Debt: $14,926,000
Revenue: $194,851,000
Gross Profit: $41,171,000
Total Revenue: $194,851,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $70,835,000
Revenue Per Share: $4
Revenue Per Employee: $1,249,045
Employee: 156
Debt to Equity Ratio (D/E): 2.53
Profit Margin: 0.09%
Enterprise Value (EV): $1,939,316,680
Enterprise Value to Revenue (EV/R): 9.95
Price to Sales (P/S): 6.51
Price to Book (P/B): 3.48
Peg Ratio: -5.07
P/E Ratio: 57.11
P/E High: 54.21
P/E Low: 39.79
Forward P/E Ratio: 36.76
Market Capitalization: $1,287,450,360
Beta: 0.52
Latest Volume: 173,933.00
Avg. Total Volume: 302,422
Avg. 10 Volume: 202,706.10
Avg. 30 Volume: 302,421.83
TTM EPS: 0.32
TTM Dividend Rate: 0.82
Shares Outstanding: 52,982,000
Float: 52,145,785.09
50-Day Moving Avg.: 17.81
200-Day Moving Avg.: 16.39

Properties Owned by AHH


Properties owned:
49
Types:
3
States:
7
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
AHH Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by AHH, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 0 18,959,000 24,051,000 20,648,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 1,152,000 24,296,000 16,811,000
Property, Plant & Equipment Net 57,683,000 0 50,000 0
Goodwill 0 0 0 0
Intangible Assets 0 0 29,182,000 0
Other Assets 105,749,000 95,928,000 23,567,000 58,747,000
Net Tangible Assets 606,442,000 299,140,000 209,344,000 274,912,000
Total Assets 1,730,027,000 1,359,254,000 1,265,382,000 1,217,858,000
Accounts Payable 0 0 0 0
Liabilities (Other) 115,078,000 143,947,000 115,253,000 103,972,000
Current Liabilities (Other) 0 0 13,527,000 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 4,588,000 14,926,000 11,950,000
Long-term Debt 1,008,507,000 733,033,000 679,313,000 641,800,000
Total Liabilities 1,123,585,000 881,568,000 809,492,000 757,722,000
Minority Interest -320,000 1,630,000 1,253,000 1,467,000
Common Stock 0 523,000 500,000 496,000
Retained Earnings 0 -88,949,000 -82,699,000 -76,386,000
Treasury Stock 0 0 0 0
Capital Surplus 0 389,547,000 357,353,000 350,849,000
Shareholder Equity 606,442,000 299,140,000 273,871,000 274,912,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 57,822,000 47,922,000 43,381,000 48,810,000
Cost of Revenue 45,079,000 36,020,000 33,527,000 39,042,000
Gross Profit 12,743,000 11,902,000 9,854,000 9,768,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 48,030,000 39,421,000 36,866,000 41,409,000
Operating Income 9,735,000 8,101,000 6,325,000 7,332,000
Income Expense Net (Other) -3,939,000 -1,697,000 -907,000 -1,783,000
EBIT 9,735,000 8,101,000 6,325,000 7,332,000
Interest Income 7,603,000 5,814,000 5,540,000 4,677,000
Pretax Income 5,796,000 6,404,000 5,418,000 5,549,000
Income Tax -30,000 -110,000 523,000 -120,000
Minority Interest -320,000 1,630,000 1,253,000 1,467,000
Net Income 6,146,000 4,884,000 3,642,000 4,202,000
Net Income Basic 5,992,000 4,884,000 3,642,000 4,202,000

Cash Flow

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Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 6,146,000 4,884,000 3,642,000 4,202,000
Depreciation 0 9,869,000 11,205,000 10,126,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 0 -5,092,000 3,403,000 5,230,000
Cash Flow 0 16,079,000 28,890,000 15,937,000
Capital Expenditures 0 -4,204,000 -4,014,000 -4,686,000
Investments 0 -41,831,000 -6,226,000 -46,715,000
Investing Activity (Other) 0 -9,668,000 -47,927,000 -4,465,000
Total Investing Cash Flows 0 -79,803,000 -57,005,000 -80,440,000
Dividends Paid 0 -13,447,000 -13,347,000 -13,213,000
Net Borrowings -42,217,000 42,217,000 39,280,000 72,398,000
Cash Flow Financing -42,217,000 58,632,000 31,518,000 69,733,000
Financing Cash Flows (Other) 0 -344,000 -130,000 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
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
3 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
10 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
9 Dividend to Normalized FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios trend during the last two years. 7.5
10 Normalized FFO Trend: Analysis of the REIT’s Normalized FFO trend during the last two years. 8.7
Rating Leverage Section Avg. Rating
4 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
3 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
5 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
3 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.2
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.3
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.1
6.9 Overall REITRating™ Score 6.6

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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