Core Viewpoint - Armada Hoffler Properties, Inc. has announced the income tax treatment of its 2025 dividend distributions for common and preferred stockholders, detailing the allocation of ordinary dividends and return of capital [1][2]. Common Stock Dividends - Total ordinary dividends for common stock are reported at 20.35%, with non-dividend distributions making up 79.65% of the total [3]. - Section 199A dividends for common stock also stand at 20.35%, indicating a significant portion of the distribution is classified as return of capital [3]. Preferred Series A Dividends - For preferred stock, 100% of the dividends are classified as ordinary dividends and Section 199A dividends, reflecting a straightforward tax treatment for preferred stockholders [3]. Company Overview - Armada Hoffler Properties, Inc. is a vertically-integrated, self-managed real estate investment trust (REIT) with over 40 years of experience in developing, building, acquiring, and managing high-quality properties primarily in the Mid-Atlantic and Southeastern United States [4]. - The company was founded in 1979 and has opted to be taxed as a REIT for U.S. federal income tax purposes, which influences its dividend distribution strategy [4].

Group 1 - The company invests significant resources, including thousands of hours and over $100,000 annually, to identify profitable investment opportunities, resulting in over 500 five-star reviews from satisfied members [1] - The company has recently released its Top Picks for 2026, offering new members a promotional discount of $100 along with a 30-day money-back guarantee [1] Group 2 - Real estate has historically provided some of the best long-term returns among asset classes, despite being perceived as less exciting than tech stocks or cryptocurrencies [2] - Jussi Askola, the President of Leonberg Capital, leads the investing group High Yield Landlord, which focuses on REIT investing and provides real-time updates on portfolio transactions [2] - The group offers three distinct portfolios (core, retirement, international), buy/sell alerts, and a chat room for direct interaction with Jussi and his team of analysts [2]

Core Viewpoint - Armada Hoffler is set to report its fourth quarter earnings for the period ending December 31, 2025, along with projected guidance for 2026 on February 16, 2026, followed by a conference call on February 17, 2026 [1]. Group 1: Earnings Report Details - The earnings report will be released at approximately 4:00 p.m. Eastern on February 16, 2026 [1]. - A conference call and webcast to discuss the earnings and guidance will take place at 8:30 a.m. Eastern on February 17, 2026 [1]. Group 2: Conference Call Access - To participate in the call, investors can dial (+1) 800 549 8228 for toll-free access or (+1) 646 564 2877 for toll access, using conference ID 89782 [2]. - The conference call will also be available on the investors page of the company's website [2]. Group 3: Replay Information - A telephonic replay of the call will be available until March 19, 2026, accessible via (+1) 888 660 6264 for toll-free or (+1) 646 517 3975 for toll access, with passcode 89782 [3]. - A replay of the webcast will be available for 30 days starting approximately two hours after the call concludes [3]. Group 4: Company Overview - Armada Hoffler is a vertically integrated, self-managed real estate investment trust (REIT) with over 40 years of experience in developing, building, acquiring, and managing high-quality multifamily, office, and retail properties primarily in the Mid-Atlantic and Southeastern United States [4]. - The company also provides general construction and development services to third-party clients and has been a REIT since its founding in 1979 by Daniel A. Hoffler [4].

Group 1 - The analyst has over a decade of experience researching various companies across different sectors, including commodities like oil, natural gas, gold, and copper, as well as technology firms such as Google and Nokia [1] - The analyst has transitioned from writing a blog to creating a value investing-focused YouTube channel, where extensive research on hundreds of companies has been conducted [1] - The analyst expresses a particular interest in covering metals and mining stocks, while also being comfortable with other industries like consumer discretionary/staples, REITs, and utilities [1]

Group 1 - The company invests significant resources, including thousands of hours and over $100,000 annually, to identify profitable investment opportunities, which has resulted in over 500 five-star reviews from satisfied members [1] - The company has recently released its Top Picks for 2026, offering new members a promotional discount of $100 along with a 30-day money-back guarantee [1] Group 2 - Jussi Askola, the President of Leonberg Capital, leads the investment group High Yield Landlord, which focuses on REIT investing and provides real-time updates on portfolio transactions [2] - The group offers features such as three distinct portfolios (core, retirement, international), buy/sell alerts, and a chat room for direct interaction with Jussi and his team of analysts [2]

Core Insights - REIT investment has significantly declined since the Federal Reserve began raising interest rates in March 2022, leading to a lack of investor interest in real estate [1][2] - The average REIT's Price to FFO (Funds From Operations) multiple has dropped from 20.7x in December 2021 to 13.7x in December 2025, with a corresponding increase in the discount to Net Asset Value (NAV) from 6.98% to 14.84% [2][3] REIT Market Dynamics - The current unpopularity of real estate investment is characterized by multiple compression and increased discounting, indicating potential opportunities for further analysis beyond average metrics [3] - Various operational issues have contributed to the decline in share prices for many REITs, with specific companies facing multiple challenges [4] Company-Specific Analysis - **Armada Hoffler (AHH)**: Shares are trading at approximately $6.58, representing about 52% of a $12.57 consensus NAV estimate. Analysts project a 2026 FFO/share of $1.08, suggesting a potential price range of $10.70 to $14.80 if it aligns with average REIT multiples [10] - **Easterly Government Properties (DEA)**: Currently priced at $21.20, which is 65% of the consensus NAV of $32.42/share. The FFO multiple stands at 6.86x, with potential pricing ranging from $27.60 to $42.33 if market multiples are achieved [13] - **Global Medical REIT (GMRE)**: Shares are trading at $33.40, about two-thirds of the $51.11 consensus NAV. The FFO estimate is $4.08/share, with potential pricing between $43.44 and $55.90 if it reaches average market multiples [15] Investment Opportunities - The current market presents extreme discounts on REITs, driven by a multi-year trend of stock market gains and the hype surrounding Artificial Intelligence, which has overshadowed real estate investments [17] - Increased interest from private equity firms in acquiring discounted REIT portfolios indicates a growing recognition of potential value in the sector [19]

Group 1 - The investment group High Yield Landlord is offering new members a promotion of $100 off and a 30-day money-back guarantee to attract new investors at the start of 2026 [1] - High Yield Landlord has released its Top Picks for 2026, indicating a strategic focus on identifying promising investment opportunities for the upcoming year [1] - Jussi Askola, the President of Leonberg Capital, leads the High Yield Landlord group, which provides real-time insights into REIT investments and includes features like multiple portfolios and direct access to analysts [2] Group 2 - Jussi Askola has a strong background in REIT investing, having authored award-winning academic papers and built relationships with top REIT executives, enhancing the credibility of the investment group [2] - The group offers three distinct portfolios: core, retirement, and international, catering to different investment strategies and goals [2]

Group 1 - Armada Hoffler Properties (AHH) holds a 77% ownership in an Operating Partnership that focuses on retail, office, and multifamily assets [1] - AHH completed a capital raise last year to support its balance sheet, although debt levels remain high [1] - The Investment Doctor emphasizes a portfolio mix of dividend and growth stocks, targeting European small-cap investments with a 5-7 year horizon [1] Group 2 - The Investment Doctor leads the European Small Cap Ideas investment group, providing exclusive access to actionable research on European investment opportunities [1] - The investment group features two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, along with weekly updates and educational content [1]

Group 1 - Armada Hoffler Properties (AHH) is a 77% owner of an Operating Partnership that focuses on retail, office, and multifamily assets [1] - AHH completed a capital raise last year to support its balance sheet, although debt levels remain high [1] - The Investment Doctor emphasizes a portfolio should include a mix of dividend and growth stocks, focusing on European small-caps with a 5-7 year investment horizon [1] Group 2 - The Investment Doctor leads the investment group European Small Cap Ideas, which provides exclusive access to actionable research on European investment opportunities [1] - The group focuses on high-quality small-cap ideas, emphasizing capital gains and dividend income for continuous cash flow [1] - Features of the investment group include two model portfolios, weekly updates, educational content, and an active chat room for discussions [1]

Core Insights - Over the past three years, REITs (VNQ) have only delivered 16% in total returns, significantly underperforming the overall stock market (SPY), which has expanded by approximately 75% [1] Group 1: REIT Performance - The total return of REITs over the last three years is 16% [1] - The overall stock market has seen a return of roughly 75% during the same period [1] - Adjusting for inflation, the real return figures for REITs are notably lower [1] Group 2: Industry Context - The article highlights the need for improved liquidity in the pan-Baltic capital markets through institutionalizing the REIT framework in Latvia [1] - There is an emphasis on developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1]