Armada Hoffler Properties, Inc. (NYSE:AHH) Q4 2023 Earnings Conference Call February 22, 2024 8:30 AM ET Company Participants Chelsea Forrest - Director of Corporate Communications and Investor Relations Louis S. Haddad - Chief Executive Officer Shawn J. Tibbetts - President and Chief Operating Officer Matthew T. Barnes-Smith - Chief Financial Officer Conference Call Participants Robert Stevenson - Janney Andrew Berger - Bank of America Operator Good morning, ladies and gentlemen, and welcome to the Armada ...

For the quarter ended December 2023, Armada Hoffler Properties (AHH) reported revenue of $59.84 million, up 7.5% over the same period last year. EPS came in at $0.31, compared to $0.13 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $63.6 million, representing a surprise of -5.90%. The company delivered an EPS surprise of -3.12%, with the consensus EPS estimate being $0.32.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...

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Armada Hoffler Properties (AHH) came out with quarterly funds from operations (FFO) of $0.31 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to FFO of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -3.12%. A quarter ago, it was expected that this real estate company would post FFO of $0.32 per share when it actually produced FFO of $0.31, delivering a surprise of -3.13%.Over the last four qu ...

Exhibit 99.1 PRESS RELEASE ARMADA HOFFLER REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS Net Loss of $0.27 per Diluted Share for the Fourth Quarter and $0.05 per Diluted Share for the Full Year Normalized FFO of $0.31 per Diluted Share for the Fourth Quarter and $1.24 per Diluted Share for the Full Year Announced 5% Increase in the Quarterly Cash Dividend on Common Stock Dividends Declared During the Year Represent a 7.6% Year-Over-Year Increase Introduced 2024 Full-Year Normalized FFO Guidance Range of ...

VIRGINIA BEACH, Va., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share, representing a 5% increase over the prior quarter's dividend. The first quarter dividend will be paid in cash on April 4, 2024, to stockholders of record on March 27, 2024. The Board of Directors also declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on April 15 ...

Wall Street analysts expect Armada Hoffler Properties (AHH) to post quarterly earnings of $0.32 per share in its upcoming report, which indicates a year-over-year decline of 8.6%. Revenues are expected to be $63.6 million, up 14.2% from the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's earnings r ...

VIRGINIA BEACH, Va., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler's (NYSE:AHH) Board of Directors announces that Shawn Tibbetts, the Company's Chief Operating Officer, has been named President. Tibbetts has served as the Chief Operating Officer of the Company since joining in 2019 and plays an integral role in its growth and success. Upon the expected retirement of Louis Haddad as CEO in the spring of 2025, the Company's Board of Directors, having undertaken a deliberate and thorough succession planning ...

VIRGINIA BEACH, Va., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced a 45,000 square foot corporate office tenant will join the robust tenant lineup at its Southern Post mixed-use development in Roswell, Georgia. The project continues to attract substantial office, retail and residential activity as it moves closer to its expected completion this spring. "This expansive lease is a testament to the appeal of Southern Post," said Louis Haddad, President and CEO of Armada Hoffler. "Major ...

DenisTangneyJr Over the last couple of years there has been a running narrative forecasting/describing the demise of commercial real estate. Though office is now a small part of the publicly traded REIT market capitalization, the abundance of bad news in the office sector has been sufficient to dampen investor interest in real estate as a whole. Earlier this month, Moody’s Analytics reported that 19.6% of office space in major U.S. cities is now unleased, a new record high. WeWork, the now bankrupt co-w ...