AHH Stock Recent News

The REIT sector being down over the past 2 years created buying opportunities not only for investors, but for management teams (insiders) as well. Insider buying in REITs like Agree Realty and Armada Hoffler Properties indicates the REITs could be potentially undervalued. ADC's share price appreciation may make them seem overvalued, but both Armada Hoffler Properties & Agree Realty may still be considered undervalued for long-term investors.

Armada Hoffler Properties, Inc. is a small-cap REIT with diversified exposure to office, retail, and residential properties. Armada Hoffler Properties has underperformed in the REIT market due to its focus on office properties and relatively elevated debt levels. However, if we dig deeper into the details, we will see that the underlying risks are not that high.

The financial services company solidifies presence in vibrant Harbor Point community The financial services company solidifies presence in vibrant Harbor Point community

VIRGINIA BEACH, Va., July 08, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) will report its earnings for the quarter ending June 30, 2024 at approximately 4:00 p.m.

VIRGINIA BEACH, Va., June 13, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share. The second quarter dividend will be paid in cash on July 5, 2024, to stockholders of record on June 26, 2024.

Armada Hoffler Properties is a REIT that owns and leases a diversified portfolio of office, retail, and multifamily properties in the U.S. The REIT's portfolio consists of 59 properties spread across multiple states, with a focus on mixed-use communities which provides greater diversification. It has experienced a decrease in AFFO and occupancy rates, but the shares seem to be undervalued using very conservative assumptions.

Armada Hoffler Properties is trading at a low 9.14x multiple to the midpoint of 2024 NFFO guidance. The REIT offers a 7.2% dividend yield that is 151% covered by 2024 NFFO. AHH's office occupancy is dipping but remains elevated against the national average.

Armada Hoffler Properties (AHH) came out with quarterly funds from operations (FFO) of $0.33 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to FFO of $0.30 per share a year ago.

Most REITs are cheap, but not all REITs are worth buying. Some REITs own challenged properties. Others are overleveraged. I highlight two examples to avoid.

Armada Hoffler Properties is a diversified REIT with a portfolio of multifamily, office, and retail properties. Management is shifting the portfolio mix away from Office, all while protecting its existing high-quality office assets from subpar leases. AHH projects continued fundamental growth in 2024 and offers attractive dividend yields on both its common and preferred shares, all while trading at a discounted valuation.