Armada Hoffler Properties(AHH) - 2024 Q3 - Quarterly Results

Exhibit 99.1 PRESS RELEASE ARMADA HOFFLER REPORTS THIRD QUARTER 2024 RESULTS GAAP Net Loss of $10.4 million Normalized FFO of$0.35 Per Diluted Share Office Same Store NOI Growth of 6.1% (GAAP) Positive Office Renewal Spreads of 18.5% (GAAP) and 0.8% (Cash) Office Occupancy Increased to 94.7% Positive Retail Renewal Spreads of 13.1% (GAAP) and 7.8% (Cash) Retail Occupancy Increased to 96.2% Positive Tradeouts on Multifamily Renewals of 1.8% Narrowed 2024 Full-Year Normalized FFO Guidance Range of $1.25 to$ ...