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Berkshire Hathaway's (BRK.B) Q1 results are likely to benefit from rate increases, net improvement from new property business, soaring fuel surcharge revenues and earnings from other energy businesses, offset by higher expenses.
Here is how Armada Hoffler Properties (AHH) and Main Street Capital (MAIN) have performed compared to their sector so far this year.
AHH has significant amounts of pent up growth as it waits for developments to come online. Thus what appears to be currently medium paced growth is about to accelerate.
Armada Hoffler is paying out a 5.6% yield on its common shares that's well covered by FFO. This has been on an upward path since it was cut by 50% in the pandemic.
Armada Hoffler posted an excellent fourth quarter and a very encouraging 2023 guidance. The NOI will continue to increase in 2024 and beyond, which bodes well for the FFO, despite the worsening interest rate climate.
Armada Hoffler Properties recently reported strong results to close out 2022. It's seeing high occupancy, even in its office portfolio, and has strong tenant demand.
Armada Hoffler Properties, Inc. (NYSE:AHH ) Q4 2022 Earnings Conference Call February 14, 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 Dave Rogers - Baird Peter Abramowitz - Jefferies Rob Stevenson - Janney Camille Bonnel - Bank of America Chris Sakai - Singular Research Operator Good morning, ladies and gentlemen, and welcome to the Armada Hoffler Fourth Quarter 2022 Earnings Conference Call. At this time, all lines are in listen only mode.
Armada Hoffler Properties (AHH) delivered FFO and revenue surprises of 9.38% and 2.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Armada Hoffler offers an interesting exposure to retail, residential and office real estate. I like the dual landlord/development & construction focus.
As interest rates go up, REITs go down. This is the market's reflexive reaction. But reflexively selling off REITs because of rising interest rates tends to result in some solid opportunities that have done good work in shoring up their balance sheets.