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Armada Hoffler Properties(AHH) - 2023 Q2 - Earnings Call Transcript
2023-08-03 15:33
Armada Hoffler Properties, Inc. (NYSE:AHH) Q2 2023 Results Conference Call August 3, 2023 8:30 AM ET Company Participants Chelsea Forrest - Director, Corporate Communications & IR Lou Haddad - CEO Matthew Barnes-Smith - CFO Shawn Tibbetts - COO Conference Call Participants Rob Stevenson - Janney Wes Golladay - Baird Peter Abramowitz - Jefferies Chris Sakai - Singular Research Operator Good morning, ladies and gentlemen, and welcome to the Armada Hoffler Second Quarter 2023 Earnings Conference Call. [Operato ...
Armada Hoffler Properties(AHH) - 2023 Q1 - Earnings Call Transcript
2023-05-09 16:53
Armada Hoffler Properties, Inc. (NYSE:AHH) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Chelsea Forrest - Director of Corporate Communications and Investor Relations Louis Haddad - President and Chief Executive Officer Shawn Tibbetts - Chief Operating Officer Matthew Barnes-Smith - Chief Financial Officer Conference Call Participants Robert Stevenson - Janney Montgomery Scott LLC Wesley Golladay - Robert W. Baird & Co. Peter Abramowitz - Jefferies LLC Chris Sakai - Singular R ...
Armada Hoffler Properties(AHH) - 2023 Q1 - Quarterly Report
2023-05-09 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35908 ARMADA HOFFLER PROPERTIES, INC. (Exact name of registrant as specified in its charter) Maryland 46-1214914 (State or other jurisdicti ...
Armada Hoffler Properties(AHH) - 2022 Q4 - Annual Report
2023-02-22 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35908 _________________________________________________________________ ARMADA HOFFLER PROPERTIES, INC. (Exact Name of Registrant as ...
Armada Hoffler Properties(AHH) - 2022 Q4 - Earnings Call Transcript
2023-02-14 16:32
Financial Data and Key Metrics Changes - The company reported record earnings for Q4 2022, with normalized FFO per share at $0.35, exceeding previous guidance [9] - For the full fiscal year 2022, FFO was $1.21 per diluted share, outperforming original guidance by 8% [16] - The company achieved a 13% growth in earnings per share compared to 2021 [9] Business Line Data and Key Metrics Changes - Same store NOI for the portfolio increased by 5.6% on a GAAP basis and 6.7% on a cash basis for 2022, with multifamily showing a significant increase of 10.2% on a cash basis [23] - The company anticipates substantial increases in property NOI driven by organic growth, lease-up of recently developed projects, and anticipated acquisitions [10] Market Data and Key Metrics Changes - The company expects all sectors to show positive same-store growth, with multifamily moderating to low single digits and retail outperforming [42] - Office occupancy remains stable at 96.7%, with strong demand allowing for rental rate increases [26] Company Strategy and Development Direction - The company aims for $100 million to $200 million in acquisitions, focusing on off-market opportunities [11] - A significant increase in construction is expected, with over $600 million in third-party contracts planned over the next couple of years [10] - The company is transitioning towards more unsecured long-term fixed-rate debt, reducing reliance on mezzanine financing [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the portfolio's resilience and ability to drive rental rates despite challenges in some real estate sectors [15] - The company is well-positioned for growth, with a focus on operational excellence and execution of high-quality development projects [22] Other Important Information - The company received an investment-grade credit rating from DBRS Morningstar, enhancing access to capital markets [8] - The weighted average cost of debt remains low at 3.6%, with expectations to stay below 4% for 2023 and 2024 [20] Q&A Session Summary Question: Can you provide details on the acquisition pipeline and OP units? - Management identified several off-market opportunities from long-term relationships, including the Interlock as a potential acquisition [38] Question: What is the growth trajectory for 2023? - Management expects positive same-store growth across all sectors, with multifamily moderating to low single digits [42] Question: Can you elaborate on the sources and uses of capital? - The company has multiple sources of equity and plans to utilize OP Units, construction debt, and private placements for acquisitions [68] Question: What are the near-term redevelopment plans? - Management is focused on redevelopment opportunities, particularly for Bed Bath & Beyond and Regal Cinemas locations, while also considering ground-up development [55][56] Question: How will rental expenses trend in 2023? - Rental expenses are expected to increase, but margins on NOI will remain consistent with 2022 levels [75]
Armada Hoffler Properties(AHH) - 2022 Q4 - Earnings Call Presentation
2023-02-14 13:11
CLICK TO EDIT MASTER TITLE STYLE 1 GUIDANCE PRESENTATION 2023 2 FORWARD-LOOKING STATEMENTS This presentation should be read in conjunction with the unaudited condensed consolidated financial statements appearing in our press release dated February 14, 2023, which has been furnished as Exhibit 99.1 to our Form 8-K furnished on February 14, 2023. The Company makes statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A ...
Armada Hoffler Properties(AHH) - 2022 Q3 - Earnings Call Transcript
2022-11-08 17:06
Armada Hoffler Properties, Inc. (NYSE:AHH) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET Company Participants Chelsea Forrest - Director, Corporate Communications & IR Lou Haddad - CEO Matthew Barnes-Smith - CFO Shawn Tibbetts - COO Conference Call Participants Dave Rogers - Baird Rob Stevenson - Janney Operator Good morning and welcome to Armada Hoffler Properties, Inc. Third Quarter 2022 Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. Please note th ...
Armada Hoffler Properties(AHH) - 2022 Q2 - Earnings Call Transcript
2022-08-06 15:17
Armada Hoffler Properties, Inc. (NYSE:AHH) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Chelsea Forrest - Director, Corporate Communications & IR Lou Haddad - CEO Matthew Barnes-Smith - CFO Shawn Tibbetts - COO Conference Call Participants Dave Rogers - Baird Rob Stevenson - Janney James Feldman - Bank of America Peter Abramowitz - Jefferies Operator Greetings and welcome to the Armada Hoffler Properties, Inc. Second Quarter 2022 Earnings Conference Call. At this time, all ...