AHH Stock Recent News

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.

While the top- and bottom-line numbers for Armada Hoffler Properties (AHH) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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Armada Hoffler offers an attractive-looking yield and an impressive 3-year track record for dividend growth. AHH reported disappointing Q3 results recently and has significant debt challenges.

Armada Hoffler Properties owns a diversified portfolio consisting of office, retail, and multifamily properties. The company maintains portfolio-wide occupancy levels of 97%. Upper-tier occupancy rates are also being reported in their office holdings.

Armada Hoffler's guidance range is $1.23 to $1.27 per diluted share of normalized FFO for the year. AHH's quarterly growth rate has stabilized in the mid-single digits, and the other income stream, construction is also stabilizing.

Armada Hoffler Properties (AHH) came out with quarterly funds from operations (FFO) of $0.30 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.28 per share a year ago.