Armada Hoffler Properties(US:AHH)2025-05-07 22:05Financial Highlights - First Quarter Funds From Operations (FFO) was $0.17 per diluted share[5] - First Quarter Normalized FFO was $0.25 per diluted share[5] - Weighted Average Portfolio Occupancy as of March 31, 2025, was 95.7%[5] - Average Base Rent (ABR) in Mixed-Use Communities was 58.0%[5] - Multifamily Occupancy was 95.0%[5] - First Quarter Retail Lease Renewal Spread Increase, GAAP, was 11.0%[5] - First Quarter Office Lease Renewal Spread Increase, GAAP, was 23.3%[5] - Net Operating Income (NOI) to be Added by the End of 2025 By Delivery of Development Pipeline is approximately $4.5 million[5] 2025 Outlook - Property Portfolio NOI is projected to be between $172.2 million and $175.8 million[7] - Construction Segment Profit is expected to range from $4.8 million to $6.8 million[7] - Normalized FFO per Diluted Share is guided to be between $1.00 and $1.10[7] Debt and Leverage - As of March 31, 2025, Fixed-Rate Debt accounted for 100.0% of the total debt portfolio, with a weighted average interest rate of 4.2% and a maturity of 3.0 years[27] - Stabilized Portfolio Debt / Stabilized Portfolio Adjusted EBITDAre was 5.4x[26] - Net Debt/Total Adjusted EBITDAre was 7.1x[26]