AHH
Armada Hoffler Properties, Inc.
REIT - Diversified
Market Cap$515M
5Y Perf.-25.4%
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Stock Comparison
AHH vs ELME
Revenue, margins, valuation, and 5-year total return — side by side.
ELME
Elme Communities
REIT - Office
Market Cap$188M
5Y Perf.-90.3%
AHH vs ELME — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | AHH | ELME |
|---|---|---|
| Industry | REIT - Diversified | REIT - Office |
| Market Cap | $515M | $188M |
| Revenue (TTM) | $325M | $0.00 |
| Net Income (TTM) | $-22M | $-154M |
| Gross Margin | 31.3% | — |
| Operating Margin | 24.7% | — |
| Total Debt | $1.65B | $520M |
| Cash & Equiv. | $49M | $1.33B |
AHH vs ELME — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
AHH
ELME
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Armada Hoffler Prop… (AHH) | 100 | 74.6 | -25.4% |
| Elme Communities (ELME) | 100 | 9.7 | -90.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AHH vs ELME
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: ELME leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Armada Hoffler Properties, Inc. is the stronger pick specifically for growth and revenue expansion and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
AHH
Armada Hoffler Properties, Inc.
The Real Estate Income Play
AHH is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth -59.7%, EPS growth -138.2%, 3Y rev CAGR -15.4%
- 12.0% 10Y total return vs ELME's -11.6%
- -59.7% FFO/revenue growth vs ELME's -100.0%
Best for: growth exposure and long-term compounding
ELME
Elme Communities
The Real Estate Income Play
ELME carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.47, yield 34.1%
- Lower volatility, beta 0.47, current ratio 1.02x
- Beta 0.47, yield 34.1%, current ratio 1.02x
Best for: income & stability and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | AHH | -59.7% FFO/revenue growth vs ELME's -100.0% |
| Value | ELME | Better valuation composite |
| Quality / Margins | ELME | -1.5% margin vs AHH's -6.9% |
| Stability / Safety | ELME | Beta 0.47 vs AHH's 0.70 |
| Dividends | AHH | 11.5% yield, 1-year raise streak, vs ELME's 34.1% |
| Momentum (1Y) | ELME | +8.1% vs AHH's +1.5% |
| Efficiency (ROA) | AHH | -0.9% ROA vs ELME's -8.3%, ROIC 2.6% vs -15.3% |
AHH vs ELME — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2024
AHH vs ELME — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLAHHLAGGINGELME
ELMEElme Communities
2leads
AHHArmada Hoffler Proper…
2leads
6 Total Categories
CATEGORYLEADERvs ELMEMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
AHH2/2
Valuation MetricsMultiples, price ratios, and targets
ELME2/3
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
AHH6/8
Total Returns1Y, 3Y, 5Y total returns with dividends
ELME4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
AHH leads this category, winning 2 of 2 comparable metrics.
Income & Cash Flow (Last 12 Months)
AHH and ELME operate at a comparable scale, with $325M and $0 in trailing revenue. On growth, AHH holds the edge at -54.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | AHHArmada Hoffler Pr… | ELMEElme Communities |
|---|---|---|
| RevenueTrailing 12 months | $325M | $0 |
| EBITDAEarnings before interest/tax | $172M | -$44M |
| Net IncomeAfter-tax profit | -$22M | -$154M |
| Free Cash FlowCash after capex | $54M | $62M |
| Gross MarginGross profit ÷ Revenue | +31.3% | — |
| Operating MarginEBIT ÷ Revenue | +24.7% | — |
| Net MarginNet income ÷ Revenue | -6.9% | — |
| FCF MarginFCF ÷ Revenue | +16.7% | — |
| Rev. Growth (YoY)Latest quarter vs prior year | -54.4% | -4.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -3.6% | -6.6% |
AHH leads this category, winning 2 of 2 comparable metrics.
Valuation Metrics
ELME leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | AHHArmada Hoffler Pr… | ELMEElme Communities |
|---|---|---|
| Market CapShares × price | $515M | $188M |
| Enterprise ValueMkt cap + debt − cash | $2.1B | -$624M |
| Trailing P/EPrice ÷ TTM EPS | -49.46x | -1.21x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 12.22x | — |
| Price / SalesMarket cap ÷ Revenue | 1.81x | — |
| Price / BookPrice ÷ Book value/share | 0.79x | 0.78x |
| Price / FCFMarket cap ÷ FCF | 31.02x | 3.03x |
ELME leads this category, winning 2 of 3 comparable metrics.
Profitability & Efficiency
AHH leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
AHH delivers a -2.7% return on equity — every $100 of shareholder capital generates $-3 in annual profit, vs $-19 for ELME. AHH carries lower financial leverage with a 1.99x debt-to-equity ratio, signaling a more conservative balance sheet compared to ELME's 2.18x.
| Metric | AHHArmada Hoffler Pr… | ELMEElme Communities |
|---|---|---|
| ROE (TTM)Return on equity | -2.7% | -18.9% |
| ROA (TTM)Return on assets | -0.9% | -8.3% |
| ROICReturn on invested capital | +2.6% | -15.3% |
| ROCEReturn on capital employed | +3.7% | -10.1% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 4 |
| Debt / EquityFinancial leverage | 1.99x | 2.18x |
| Net DebtTotal debt minus cash | $1.6B | -$812M |
| Cash & Equiv.Liquid assets | $49M | $1.3B |
| Total DebtShort + long-term debt | $1.7B | $520M |
| Interest CoverageEBIT ÷ Interest expense | 0.99x | -3.82x |
AHH leads this category, winning 6 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
ELME leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ELME five years ago would be worth $8,473 today (with dividends reinvested), compared to $7,343 for AHH. Over the past 12 months, ELME leads with a +8.1% total return vs AHH's +1.5%. The 3-year compound annual growth rate (CAGR) favors ELME at 4.2% vs AHH's -11.3% — a key indicator of consistent wealth creation.
| Metric | AHHArmada Hoffler Pr… | ELMEElme Communities |
|---|---|---|
| YTD ReturnYear-to-date | -1.1% | -4.2% |
| 1-Year ReturnPast 12 months | +1.5% | +8.1% |
| 3-Year ReturnCumulative with dividends | -30.3% | +13.3% |
| 5-Year ReturnCumulative with dividends | -26.6% | -15.3% |
| 10-Year ReturnCumulative with dividends | +12.0% | -11.6% |
| CAGR (3Y)Annualised 3-year return | -11.3% | +4.2% |
ELME leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — AHH and ELME each lead in 1 of 2 comparable metrics.
Risk & Volatility
ELME is the less volatile stock with a 0.47 beta — it tends to amplify market swings less than AHH's 0.70 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. AHH currently trades 83.4% from its 52-week high vs ELME's 12.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | AHHArmada Hoffler Pr… | ELMEElme Communities |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.70x | 0.47x |
| 52-Week HighHighest price in past year | $7.71 | $17.68 |
| 52-Week LowLowest price in past year | $5.14 | $1.98 |
| % of 52W HighCurrent price vs 52-week peak | +83.4% | +12.0% |
| RSI (14)Momentum oscillator 0–100 | 67.1 | 50.6 |
| Avg Volume (50D)Average daily shares traded | 319K | 1.2M |
Evenly matched — AHH and ELME each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — AHH and ELME each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates AHH as "Hold" and ELME as "Hold". Consensus price targets imply 796.2% upside for ELME (target: $19) vs 28.3% for AHH (target: $8). For income investors, ELME offers the higher dividend yield at 34.11% vs AHH's 11.48%.
| Metric | AHHArmada Hoffler Pr… | ELMEElme Communities |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $8.25 | $19.00 |
| # AnalystsCovering analysts | 14 | 8 |
| Dividend YieldAnnual dividend ÷ price | +11.5% | +34.1% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | $0.74 | $0.72 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | 0.0% |
Evenly matched — AHH and ELME each lead in 1 of 2 comparable metrics.
Key Takeaway
AHH leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). ELME leads in 2 (Valuation Metrics, Total Returns). 2 tied.
Best OverallArmada Hoffler Properties, … (AHH)Leads 2 of 6 categories
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AHH vs ELME: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is AHH or ELME a better buy right now?
For growth investors, Armada Hoffler Properties, Inc.
(AHH) is the stronger pick with -59. 7% revenue growth year-over-year, versus -100. 0% for Elme Communities (ELME). Analysts rate Armada Hoffler Properties, Inc. (AHH) a "Hold" — based on 14 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — AHH or ELME?
Over the past 5 years, Elme Communities (ELME) delivered a total return of -15.
3%, compared to -26. 6% for Armada Hoffler Properties, Inc. (AHH). Over 10 years, the gap is even starker: AHH returned +12. 0% versus ELME's -11. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — AHH or ELME?
By beta (market sensitivity over 5 years), Elme Communities (ELME) is the lower-risk stock at 0.
47β versus Armada Hoffler Properties, Inc. 's 0. 70β — meaning AHH is approximately 50% more volatile than ELME relative to the S&P 500. On balance sheet safety, Armada Hoffler Properties, Inc. (AHH) carries a lower debt/equity ratio of 199% versus 2% for Elme Communities — giving it more financial flexibility in a downturn.
04Which is growing faster — AHH or ELME?
By revenue growth (latest reported year), Armada Hoffler Properties, Inc.
(AHH) is pulling ahead at -59. 7% versus -100. 0% for Elme Communities (ELME). On earnings-per-share growth, the picture is similar: Armada Hoffler Properties, Inc. grew EPS -138. 2% year-over-year, compared to -1066. 7% for Elme Communities. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — AHH or ELME?
Armada Hoffler Properties, Inc.
(AHH) is the more profitable company, earning 2. 0% net margin versus 0. 0% for Elme Communities — meaning it keeps 2. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AHH leads at 28. 7% versus 0. 0% for ELME. At the gross margin level — before operating expenses — AHH leads at 67. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — AHH or ELME?
All stocks in this comparison pay dividends.
Elme Communities (ELME) offers the highest yield at 34. 1%, versus 11. 5% for Armada Hoffler Properties, Inc. (AHH).
07Is AHH or ELME better for a retirement portfolio?
For long-horizon retirement investors, Elme Communities (ELME) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
47), 34. 1% yield). Both have compounded well over 10 years (ELME: -11. 6%, AHH: +12. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between AHH and ELME?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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