AHH Stock Recent News

Armada Hoffler Properties just hiked its quarterly cash dividend by 5.1%, resulting in an 8.2% forward dividend yield. This is 151% covered by normalized FFO with just 2% of AHH's office portfolio leases expiring in 2024. The 96.1% weighted portfolio occupancy at the end of the fourth quarter is attractive with AHH now trading for 8x the midpoint of its guided normalized FFO range for 2024.

Armada Hoffler Properties is a mispriced REIT that presents an opportunity for income growth. AHH's financials for 2023 were solid, with steady revenue growth and a well-covered dividend with a conservative FFO payout of 62.5% . The company has a solid balance sheet, although its leverage level is higher than ideal, and it has plans to reduce it in the coming quarters.

Armada Hoffler Properties, Inc. (AHH) Q4 2023 Earnings Call Transcript

The headline numbers for Armada Hoffler Properties (AHH) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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.