Core Viewpoint - Armada Hoffler is taking strategic steps to reduce exposure to variable rate debt as part of its balance sheet management strategy, aiming for prudent financial management and risk mitigation [1]. Group 1: Financial Management Initiatives - The company executed a $150 million floating-to-fixed rate swap effective January 2, 2025, with a fixed rate of 2.5% and a total cost of $4.6 million, achieving 100% hedging on its variable rate debt exposure [3]. - Armada Hoffler repaid $45.6 million of secured variable-rate debt with a weighted average effective interest rate of 6.80% [3]. - The refinancing of its Premier mixed-use property resulted in a new $29.4 million agency loan fixed at 5.53% interest-only through December 2029, replacing a previous variable-rate loan with an effective rate of 6.4% [3]. - The company paid down its SOFR referenced revolving credit facility by $19.0 million through December 31, 2024 [3]. Group 2: 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 office, retail, and multifamily properties primarily in the Mid-Atlantic and Southeastern United States [2]. - The company also provides general construction and development services to third-party clients, in addition to developing properties for its stabilized portfolio [2].

Group 1 - Samuel Smith has extensive experience in dividend stock research and investment, having served as lead analyst and Vice President at several firms [1] - He is a Professional Engineer and Project Management Professional with degrees in Civil Engineering & Mathematics and a Master's in Engineering focused on applied mathematics and machine learning [1] - Samuel leads the High Yield Investor investing group, collaborating with Jussi Askola and Paul R. Drake to balance safety, growth, yield, and value [2] Group 2 - High Yield Investor provides real-money core, retirement, and international portfolios, along with regular trade alerts and educational content [2] - The service includes an active chat room for like-minded investors, fostering community engagement and knowledge sharing [2]

Company Updates - Armada Hoffler completed two significant new retail leases at Columbus Village in the Town Center of Virginia Beach district, including a 14,000-square-foot lease with a prominent grocer and a 19,000-square-foot lease with a national sporting goods retailer [1] - The new tenants will backfill substantially all of the space previously occupied by Bed Bath & Beyond, which closed 18 months ago [2] - The company has successfully re-leased all spaces previously occupied by Bed Bath & Beyond, including the space at Patterson Place to another national credit tenant [2] Property Performance - The Town Center of Virginia Beach district, Armada Hoffler's flagship mixed-use asset, attracts 6.9 million annual visits with consistent year-over-year increases in foot traffic [3] - The district includes 640,000 square feet of retail space (98% leased), 800,000 square feet of office space (98% occupancy, up from 95% in Q3 2024), and 760 apartments [3] - Columbus Village features 157,000 square feet of retail space on two sites totaling 12 acres, with notable tenants including Barnes & Noble, Cava, Five Below, Ulta Beauty, and Shake Shack [4] Strategic Impact - The new retail leases highlight the successful reimagining of former big-box space and the company's ability to attract desirable retail tenants due to the highly trafficked area and proximity to Town Center of Virginia Beach [4] - By quickly filling vacant space with strong tenants, the company has maximized the property's value [4] Company Overview - Armada Hoffler is a vertically integrated, self-managed REIT with over four decades of experience in developing, building, acquiring, and managing high-quality office, retail, and multifamily properties primarily in the Mid-Atlantic and Southeastern United States [6] - The company also provides general construction and development services to third-party clients and develops properties for its stabilized portfolio [6]

Core Viewpoint - Armada Hoffler is set to report its fourth quarter earnings for the period ending December 31, 2024, on February 19, 2025, followed by a conference call on February 20, 2025, to discuss the results and other relevant information [1]. Company Overview - Armada Hoffler (NYSE: AHH) 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 offers general construction and development services to third-party clients, in addition to developing and building properties for its stabilized portfolio [4]. - Founded in 1979 by Daniel A. Hoffler, the company has elected to be taxed as a REIT for U.S. federal income tax purposes [4].

Armada Hoffler (NYSE: AHH ) is a diversified REIT that specializes in A-class multifamily, office and retail assets with a concentration in the Greater Baltimore/Washington, D.C. area. Besides the usual REIT-business of lucrative acquiring and selling ofI'm Luuk Wierenga, an economics teacher from the Netherlands with a strong focus on income investing. My investment journey began during COVID-19, and since then, I've specialized in identifying high-yield Real Estate Investment Trusts (REITS) that provide s ...

Armada Hoffler Properties, Inc. (AHH) recently completed an office lease with Trader Interactive at Town Center of Virginia Beach. Trader Interactive leased a full 12,000 square feet floor at Armada Hoffler’s flagship mixed-use development.The lease has set a new benchmark for office rent per square foot at Town Center of Virginia Beach.Trader Interactive will take over the top floor of the 222 Central Ave. building, which was formerly occupied by Armada Hoffler. In response to the high demand for office sp ...

Town Center of Virginia Beach Office Market - Occupancy of Town Center of Virginia Beach's 800,000 square feet of office space increased from 95% at the end of Q3 2024 to 98% at the end of Q4 2024 [2] - Over 110,000 square feet of new office leases and renewals were completed in 2024 alone [2] - Overall office rental rates have increased by 20% since 2020, reflecting the high quality of office assets and premier location [2] Armada Hoffler and Trader Interactive Lease - Trader Interactive leased a full 12,000-square-foot floor at Armada Hoffler's flagship mixed-use development [6] - The lease established a new benchmark for office rent per square foot at Town Center of Virginia Beach [1] - Trader Interactive will occupy the top floor of the 222 Central Ave building, previously occupied by Armada Hoffler [7] - Armada Hoffler relocated and consolidated its team's space to meet the significant demand for office space in Town Center of Virginia Beach [7] Armada Hoffler Tower Details - The 23-story Armada Hoffler Tower features 324,000 square feet of office space, 38,500 square feet of street-level retail space, and a nine-story parking garage [3] - Six office tenants have remained in the building since its 2003 opening [3] - The building is home to the North American headquarters of CAR Group Ltd, a publicly-traded international firm with over $8.5 billion in market capitalization [3] Trader Interactive Overview - Trader Interactive connects buyers and sellers in the lifestyle vehicle and commercial equipment industries through leading online marketplaces [8] - The company reaches over 17 million monthly visitors through its renowned "Trader" brands, including Cycle Trader, RV Trader, Equipment Trader, Commercial Truck Trader, and Boatmart [8] Town Center of Virginia Beach Mixed-Use District - The mixed-use district includes 620,000 square feet of retail space, 800,000 square feet of office space, and 760 apartments spanning 17 blocks and 25 acres [9] - The development is a successful public-private partnership with the City of Virginia Beach [9] Armada Hoffler Company Overview - Armada Hoffler is a vertically integrated, self-managed REIT with over four decades of experience in developing, building, acquiring, and managing high-quality office, retail, and multifamily properties [4] - The company also provides general construction and development services to third-party clients [5]

VIRGINIA BEACH, Va., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that Morningstar has upgraded its outlook to stable and confirmed its BBB credit rating. "We are pleased that Morningstar has upgraded our outlook to stable and reiterated our BBB credit rating," said Shawn Tibbetts, Chief Executive Officer and President of Armada Hoffler. "This reflects the quality, stability and strategic execution that define Armada Hoffler's operations. Furthermore, it demonstrates the dedication ...

Company Overview - Armada Hoffler is a vertically integrated, self-managed real estate investment trust (REIT) with over four decades of experience in developing, building, acquiring, and managing high-quality office, retail, and multifamily properties primarily in the Mid-Atlantic and Southeastern United States [2] - The company also provides general construction and development services to third-party clients and develops properties for its stabilized portfolio [2] - Founded in 1979 by Daniel A Hoffler, Armada Hoffler has elected to be taxed as a REIT for US federal income tax purposes [2] Credit Rating and Outlook - Morningstar upgraded Armada Hoffler's outlook to stable and confirmed its BBB credit rating, reflecting the company's improving leverage profile and diversified real estate portfolio [1][3] - The stable trend is supported by the completion and delivery of Allied, a mixed-use development in Baltimore, which includes 312 multifamily units, retail space, and a parking garage [1] - Allied is expected to be completed in Q1 2025 and stabilized by Q3 2026, becoming a top asset in the portfolio by net operating income (NOI) contribution and enhancing geographical and asset type diversification [1] Financial and Operational Highlights - The improving leverage profile is largely due to a $103 5 million net proceed equity raise in September 2024, with funds used to repay debt [1] - The enhanced business risk assessment factor allows greater financial flexibility within the respective credit rating category [1]

Company closes sales of Nexton Square and Market at Mill Creek at blended 20% profit over costVIRGINIA 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 capi ...