AHH Stock Recent News

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.

Besides Wall Street's top -and-bottom-line estimates for Armada Hoffler Properties (AHH), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Moody's Analytics reports that 19.6% of office space in major US cities is unleased, a new record high. Armada Hoffler Properties, a small-cap REIT, owns office space and has dealt with bankrupt WeWork, but presents a growth opportunity. AHH's portfolio includes office, multifamily, and retail properties, and the company has rejected WeWork lease renegotiations and is experiencing leasing interest.

Armada Hoffler Properties is a diversified REIT with a portfolio of retail, office, mixed-use, and multifamily properties. Armada Hoffler has high occupancy rates and has seen growth in same-store NOI for all three property segments. Armada Hoffler's development arm provides additional avenues for growth, with projects currently underway and lease-up opportunities.

Armada Hoffler Properties recently acquired The Interlock, which is expected to increase rental revenue. The company plans to divest certain properties, potentially bringing in cash and improving the company's valuation. The stock repurchase program announced by the company may generate demand for the stock and improve its price.

Armada Hoffler Properties is a vertically integrated REIT with a diverse portfolio of real estate assets on the southern half of the east coast. The company's properties have a high occupancy rate of 97%, with a focus on Class-A buildings that command higher rents and attract quality tenants. Armada Hoffler is involved in various development projects, including joint ventures, and has a conservative approach to debt management.

Here is how Armada Hoffler Properties (AHH) and Ashford Hospitality Trust (AHT) have performed compared to their sector so far this year.

Armada Hoffler Properties is considering retiring its preferred shares, presenting an interesting investment opportunity. The REIT's Q2 results indicate that the preferred dividends are safe and well-covered. Armada Hoffler has initiated a $50 million repurchase program for both common and preferred shares, with the intention of eventually retiring the entire series of preferred shares.

Armada Hoffler Properties is a self-managed REIT that offers a 6.5% yield and is undervalued. AHH has a strong occupancy ratio of 97% across its portfolio, with healthy lease renewal spreads and a growing asset base. The company is trading at an attractive valuation, with a forward P/FFO of 9.6, and management has launched a $50 million buyback authorization, indicating confidence in the stock.

Armada Hoffler Properties, Inc. (NYSE:AHH ) Q2 2023 Results Conference Call August 3, 2023 8:30 AM ET Company Participants Chelsea Forrest - Director, Corporate Communications & IR Lou Haddad - CEO Matthew Barnes-Smith - CFO Shawn Tibbetts - COO Conference Call Participants Rob Stevenson - Janney Wes Golladay - Baird Peter Abramowitz - Jefferies Chris Sakai - Singular Research Operator Good morning, ladies and gentlemen, and welcome to the Armada Hoffler Second Quarter 2023 Earnings Conference Call. [Operator Instructions] This call is being recorded on Thursday, August 03, 2023.