Armada Hoffler Properties(AHH)
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Armada Hoffler Properties(AHH) - 2025 Q1 - Quarterly Results
2025-05-07 20:06
Exhibit 99.1 PRESS RELEASE ARMADA HOFFLER REPORTS FIRST QUARTER 2025 RESULTS GAAP Net Loss of $(0.07) Per Diluted Share for the First Quarter Normalized FFO of $0.25 Per Diluted Share for the First Quarter Office Same Store NOI Growth of 9.2% (GAAP) Positive Office Releasing Spreads of 23.3% (GAAP) and 3.7% (Cash) Positive Retail Renewal Spreads of 11.0% (GAAP) and 7.4% (Cash) Approximately 313K Net Rentable Square Feet of New and Renewed Commercial Lease Space Maintained 2025 Full-Year Normalized FFO Guida ...
Armada Hoffler Reports First Quarter 2025 Results
Globenewswire· 2025-05-07 20:05
Core Insights - Armada Hoffler Properties, Inc. reported a GAAP net loss of $7.2 million, or $0.07 per diluted share, for the first quarter of 2025, a decline from a net income of $14.8 million, or $0.17 per diluted share, in the same period of 2024 [3][5][29] - The company maintained its full-year 2025 Normalized FFO guidance range of $1.00 to $1.10 per diluted share [1][9] Financial Performance - Normalized FFO for the first quarter was $25.6 million, or $0.25 per diluted share, down from $29.4 million, or $0.33 per diluted share, in the first quarter of 2024 [6][29] - Total revenues for the first quarter were $114.6 million, compared to $193.5 million in the same quarter of 2024 [27] - The decrease in FFO and revenues was primarily attributed to a decline in general contracting and real estate services gross profit and unrealized losses on interest rate derivatives [6][27] Operating Metrics - The weighted average stabilized portfolio occupancy was 95.7%, with retail occupancy at 94.5%, office occupancy at 97.5%, and multifamily occupancy at 95.0% [3][7] - Office Same Store NOI increased by 9.2% on a GAAP basis compared to the same quarter in 2024 [3][6] - The company executed 31 commercial lease renewals and 11 new commercial leases, totaling approximately 313,000 net rentable square feet [3][6] Construction and Backlog - The third-party construction backlog as of March 31, 2025, was $80.4 million, with general contracting and real estate services gross profit for the first quarter reported at $1.4 million [3][7] Balance Sheet - As of March 31, 2025, total debt outstanding was $1.3 billion, with $166 million under the revolving credit facility [8] - The company's debt was 100% fixed or economically hedged after considering interest rate swaps [8] Outlook - The company provided guidance for full-year 2025, projecting portfolio NOI between $172.2 million and $175.8 million, with construction segment gross profit expected between $4.8 million and $6.8 million [10][9]
Armada Hoffler Acquires Full Ownership of Allied | Harbor Point
Globenewswire· 2025-05-05 22:07
Core Viewpoint - Armada Hoffler has reached an agreement to acquire full ownership of Allied | Harbor Point, a 312-unit multifamily asset in Baltimore, aligning with its strategy to simplify operations and enhance long-term value [1][2][3] Acquisition Details - The agreement involves Armada Hoffler acquiring the minority interest from its joint venture partner, Beatty Development Group, transitioning to sole ownership [2] - The acquisition is expected to close in June, pending customary closing conditions [2] Strategic Intent - The CEO of Armada Hoffler emphasized the commitment to streamline operations and focus on wholly owned assets in prime mixed-use environments [3] - Full ownership of the Allied | Harbor Point asset is expected to enhance portfolio quality and provide 100% control and flexibility for future operations [3] Property Highlights - Allied | Harbor Point has shown strong demand since its opening in early 2025, featuring a landscaped rooftop terrace and waterfront views, making it a valuable addition to Armada Hoffler's portfolio [3] Company Overview - Armada Hoffler is a self-managed real estate investment trust (REIT) with over 40 years of experience in developing, acquiring, and managing high-quality properties primarily in the Mid-Atlantic and Southeastern United States [4] - The company also provides development and general contracting services to third-party clients, having been founded in 1979 [4]
Armada Hoffler Preferred: Its Discount Might Vanish Before We Know It
Seeking Alpha· 2025-04-29 15:42
Core Insights - Pearl Gray is a proprietary investment fund and independent market research firm specializing in systematic analysis, focusing primarily on Bonds, Investment Funds, and REITs, with a primary emphasis on the Financials and Real Estate sectors [1] Group 1 - The mission of Pearl Gray is to discover actionable total return ideas at the intersection of rigorous academic theories, practical experience, and common sense [1] - The firm emphasizes that its published content is independent analysis and does not constitute financial advice [1][2] - Analysts at Pearl Gray disclose that they have no stock, option, or similar derivative positions in any of the companies mentioned, nor do they plan to initiate any such positions within the next 72 hours [1] Group 2 - The content provided by Pearl Gray on platforms like Seeking Alpha is intended to set the tone for discussions among subscribers rather than serve as financial advice [2] - Seeking Alpha clarifies that past performance is not indicative of future results and that no recommendations are made regarding the suitability of investments for particular investors [3]
The State Of REITs: April 2025 Edition
Seeking Alpha· 2025-04-21 16:22
REIT Performance March was a tough month for REITs with a disappointing -4.92% total return. The REIT sector fell short of the Dow Jones Industrial Average (-4.1%), but saw smaller average losses than the S&P 500 (-5.6%) and NASDAQ (-8.1%). The market cap weighted Vanguard Real Estate ETF (VNQ) outperformed the average REIT in March (-2.58% vs. -4.92%) and has dramatically outperformed year-to-date (+2.69% vs. -3.36%). The spread between the 2025 FFO multiples of large cap REITs (18.1x) and small cap REITs ...
Armada Hoffler: Debt Manageable, Valuations Cheap And Insiders Are Buying
Seeking Alpha· 2025-04-17 02:18
Group 1 - The article emphasizes a value-focused investment strategy, targeting sectors such as chemicals, homebuilders, building materials, industrials, and metals & mining [1] - The investment approach is centered on acquiring stocks that are undervalued and have upcoming catalysts, with a typical investment horizon ranging from one quarter to two years [1] Group 2 - The author has over three years of active investing experience, having worked as a buy-side analyst at a boutique research firm and family offices [1]
President Trump Hands A Big Gift To REIT Investors
Seeking Alpha· 2025-04-12 12:15
Group 1 - The individual mentioned has made billions of dollars through real estate investments, with a significant portion of their wealth still invested in a large portfolio [1] - The company invests thousands of hours and over $100,000 annually into researching profitable investment opportunities, focusing on real estate strategies [2] - The approach taken by the company has resulted in over 500 five-star reviews from satisfied members who are experiencing positive returns [2]
Armada Hoffler to Report First Quarter Earnings on May 7th
Globenewswire· 2025-04-09 20:15
Company to discuss second quarter earnings on May 8thVIRGINIA BEACH, Va., April 09, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) will report its earnings for the quarter ending March 31, 2024 at approximately 4:00 p.m. Eastern on Wednesday, May 7, 2025. At 8:30 a.m. Eastern on Thursday, May 8, 2025, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 800 549 8228 (toll-free dial-in number) or (+1) 646 564 2877 (toll dia ...
Capital First, Payouts Later: A Smarter Take On Dividend Investing
Seeking Alpha· 2025-03-31 16:51
My followers know that I'm a pure Real Estate [REIT] investor. This article is focused on analyzing why some REITs cut or trim their dividends at times. But the main points of this article can be applied to Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a li ...
Retirement Income: Up To 8% Secure Yields From REIT Preferred Shares
Seeking Alpha· 2025-03-27 12:15
Group 1 - Stocks represented by SPDR® S&P 500 ETF Trust (SPY) are considered overpriced by most standards, especially as a potential recession approaches [1] - The company has released its latest top investment picks for March 2025, suggesting a strategic focus on identifying profitable opportunities [1] Group 2 - The company invests significant resources, including thousands of hours and over $100,000 annually, into researching profitable investment opportunities [2] - The approach has garnered over 500 five-star reviews from satisfied members, indicating a positive reception and effectiveness of the strategies offered [2]