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Armada Hoffler Properties, Inc. (AHH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Armada Hoffler Properties, Inc. (AHH) stock price & volume — 10-year historical chart
Armada Hoffler Properties, Inc. (AHH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Armada Hoffler Properties, Inc. (AHH) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.33vs $0.04-842.9% | $52Mvs $52M-0.2% |
| Q1 2026 | Feb 16, 2026 | $0.29vs $0.26+11.5% | $72Mvs $69M+4.9% |
| Q4 2025 | Nov 3, 2025 | $0.29vs $0.26+11.5% | $96Mvs $69M+40.0% |
| Q3 2025 | Aug 4, 2025 | $0.25vs $0.26-3.8% | $101Mvs $68M+50.0% |
Armada Hoffler Properties, Inc. (AHH) competitors in Diversified Multi-Property Equity REITs — business model, growth, and fundamentals comparison
Armada Hoffler Properties, Inc. (AHH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Armada Hoffler Properties, Inc. (AHH) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 302.77M | 193.32M | 257.2M | 383.63M | 302.53M | 471.13M | 667.16M | 708.47M | 285.2M | 325.26M |
| Revenue Growth % | 17.18% | -36.15% | 33.04% | 49.16% | -21.14% | 55.73% | 41.61% | 6.19% | -59.74% | -48.34% |
| Property Operating Expenses | 222.54M | 112.23M | 150.83M | 266.57M | 156.45M | 299.96M | 478.57M | 505.02M | 92.01M | 223.46M |
| Net Operating Income (NOI) | 80.23M▲ 0% | 81.08M▲ 1.1% | 106.37M▲ 31.2% | 117.07M▲ 10.1% | 146.09M▲ 24.8% | 171.17M▲ 17.2% | 188.58M▲ 10.2% | 203.45M▲ 7.9% | 193.19M▼ 5.0% | 101.8M▲ 0% |
| NOI Margin % | 26.5% | 41.94% | 41.36% | 30.51% | 48.29% | 36.33% | 28.27% | 28.72% | 67.74% | 31.3% |
| Operating Expenses | 40.43M | 49.06M | 63.73M | 68.33M | 86.94M | 36.76M | 115M | 96.91M | 111.43M | 21.61M |
| G&A Expenses | 10.44M | 11.43M | 12.39M | 12.9M | 14.61M | 15.69M | 18.12M | 20.23M | 20.34M | 14.9M |
| EBITDA | 65.78M | 62.42M | 80.85M | 93M | 129.03M | 208.5M | 171.01M | 197.5M | 173.28M | 171.54M |
| EBITDA Margin % | 21.73% | 32.29% | 31.44% | 24.24% | 42.65% | 44.25% | 25.63% | 27.88% | 60.76% | 52.74% |
| Depreciation & Amortization | 25.97M | 30.39M | 38.22M | 44.26M | 69.88M | 74.08M | 97.43M | 90.96M | 91.52M | 91.36M |
| D&A / Revenue % | 8.58% | 15.72% | 14.86% | 11.54% | 23.1% | 15.72% | 14.6% | 12.84% | 32.09% | 28.09% |
| Operating Income | 39.8M▲ 0% | 32.02M▼ 19.5% | 42.64M▲ 33.1% | 48.74M▲ 14.3% | 59.15M▲ 21.4% | 134.41M▲ 127.2% | 73.59M▼ 45.3% | 106.54M▲ 44.8% | 81.76M▼ 23.3% | 80.19M▲ 0% |
| Operating Margin % | 13.15% | 16.57% | 16.58% | 12.71% | 19.55% | 28.53% | 11.03% | 15.04% | 28.67% | 24.65% |
| Interest Expense | 17.44M | 19.09M | 31.34M | 31.04M | 33.91M | 39.68M | 53.6M | 78.97M | 85.31M | 4M |
| Interest Coverage | 2.76x | 2.23x | 2.01x | 2.18x | 1.73x | 3.52x | 1.25x | 1.53x | 0.99x | - |
| Non-Operating Income | -8.29M | -10.53M | -20.47M | -18.97M | 534K | -5.08M | 6.79M | -14.3M | -2.39M | -6.29M |
| Pretax Income | 30.65M▲ 0% | 23.46M▼ 23.4% | 31.77M▲ 35.4% | 36.68M▲ 15.5% | 24.71M▼ 32.6% | 99.81M▲ 303.9% | 8.99M▼ 91.0% | 41.88M▲ 365.7% | -1.15M▼ 102.8% | 5.49M▲ 0% |
| Pretax Margin % | 10.12% | 12.14% | 12.35% | 9.56% | 8.17% | 21.18% | 1.35% | 5.91% | -0.4% | 1.69% |
| Income Tax | 725K | -29K | -491K | -283K | -742K | -145K | 1.33M | -614K | 0 | -375K |
| Effective Tax Rate % | 2.37% | -0.12% | -1.55% | -0.77% | -3% | -0.15% | 14.78% | -1.47% | 0% | -6.83% |
| Net Income | 21.05M▲ 0% | 17.2M▼ 18.3% | 24.05M▲ 39.8% | 29.15M▲ 21.2% | 21.89M▼ 24.9% | 74.75M▲ 241.4% | 8.29M▼ 88.9% | 35.65M▲ 330.1% | 5.6M▼ 84.3% | -22.31M▲ 0% |
| Net Margin % | 6.95% | 8.9% | 9.35% | 7.6% | 7.24% | 15.87% | 1.24% | 5.03% | 1.96% | -6.86% |
| Net Income Growth % | -25.03% | -18.26% | 39.82% | 21.2% | -24.9% | 241.44% | -88.91% | 330.13% | -84.28% | -218.86% |
| Funds From Operations (FFO) | 47.02M▲ 0% | 47.6M▲ 1.2% | 62.27M▲ 30.8% | 73.41M▲ 17.9% | 91.77M▲ 25.0% | 148.83M▲ 62.2% | 105.71M▼ 29.0% | 126.61M▲ 19.8% | 97.13M▼ 23.3% | 69.05M▲ 0% |
| FFO Margin % | 15.53% | 24.62% | 24.21% | 19.14% | 30.33% | 31.59% | 15.85% | 17.87% | 34.06% | 21.23% |
| FFO Growth % | -8.74% | 1.23% | 30.82% | 17.89% | 25.01% | 62.18% | -28.97% | 19.76% | -23.29% | -172.52% |
| FFO per Share | 1.11 | 1.00 | 1.17 | 1.28 | 1.51 | 2.20 | 1.56 | 1.79 | 0.95 | 0.68 |
| FFO Payout Ratio % | 92.76% | 106.93% | 98.77% | 64.85% | 63.98% | 48.76% | 76.05% | 9.12% | 77.45% | 49.81% |
| EPS (Diluted) | 0.29▲ 0% | 0.36▲ 24.1% | 0.41▲ 13.9% | 0.38▼ 7.3% | 0.17▼ 55.3% | 0.94▲ 452.9% | -0.05▼ 105.3% | 0.34▲ 780.0% | -0.13▼ 138.2% | -0.22▲ 0% |
| EPS Growth % | -61.33% | 24.14% | 13.89% | -7.32% | -55.26% | 452.94% | -105.32% | 780% | -138.24% | -1542.61% |
| EPS (Basic) | 0.29 | 0.36 | 0.41 | 0.38 | 0.12 | 0.94 | -0.04 | 0.24 | -0.12 | - |
| Diluted Shares Outstanding | 42.42M | 47.51M | 53.12M | 57.33M | 60.65M | 67.58M | 67.69M | 70.66M | 101.92M | 102.03M |
Armada Hoffler Properties, Inc. (AHH) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.04B | 1.27B | 1.8B | 1.92B | 1.94B | 2.24B | 2.56B | 2.51B | 2.6B | 2.48B |
| Asset Growth % | 6.17% | 21.31% | 42.64% | 6.21% | 1.1% | 15.7% | 14.3% | -1.95% | 3.32% | 4.71% |
| Real Estate & Other Assets | -1.02B | -1.24B | 25.68M | 43.32M | 1.48B | 1.67B | 1.87B | 1.79B | -2.07B | -1.44B |
| PP&E (Net) | 829.24M | 984.82M | 1.43B | 56.3M | 70.48M | 69.23M | 113.65M | 111.83M | 110.08M | 99.76M |
| Investment Securities | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 145.84M | 200.19M | 276.71M | 254.16M | 313.65M | 328.77M | 329.42M | 364.87M | 115.33M | 91.73M |
| Cash & Equivalents | 19.96M | 21.25M | 39.23M | 41M | 35.25M | 48.14M | 27.92M | 70.64M | 49.15M | 28.55M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 12.29M | 152.25M | 177.37M | 144.86M | 85.95M | 3.73M | 2.25M | 24.17M | -128.67M | 0 |
| Intangible Assets | 29.88M | 29.18M | 68.7M | 58.15M | 62.04M | 103.87M | 109.14M | 89.74M | 77.61M | 73.11M |
| Total Liabilities | 622.84M | 809.49M | 1.15B | 1.16B | 1.16B | 1.34B | 1.76B | 1.62B | 1.77B | 1.72B |
| Total Debt | 517.27M | 694.24M | 1.02B | 1.02B | 1.01B | 1.21B | 1.79B | 1.42B | 1.65B | 1.36B |
| Net Debt | 497.31M | 672.99M | 978.4M | 982.46M | 975.26M | 1.17B | 1.77B | 1.35B | 1.6B | 1.33B |
| Long-Term Debt | 439.59M | 679.31M | 958.26M | 943.84M | 917.56M | 1.07B | 1.4B | 1.16B | 1.53B | 1.16B |
| Short-Term Borrowings | 0 | 0 | 0 | 20M | 15.14M | 67.13M | 273.13M | 140.28M | 392.47M | 0 |
| Capital Lease Obligations | 0 | 0 | 59.38M | 59.61M | 77.81M | 78.15M | 123.4M | 124.01M | 124.67M | 668.08M |
| Total Current Liabilities | 66.22M | 69.05M | 35.28M | 79.81M | 124.25M | 157.6M | 200.68M | 323.99M | 424.05M | 0 |
| Accounts Payable | 62.63M | 66.01M | 17.8M | 73.72M | 60.76M | 120.31M | 159.33M | 143.34M | 40.18M | 0 |
| Deferred Revenue | 3.59M | 3.04M | 0 | 6.09M | 4.88M | 17.52M | 21.41M | 5.87M | 9.36M | 0 |
| Other Liabilities | 156.18M | 101.44M | 96.54M | 67.84M | 27.34M | 23.34M | 23.92M | 20.22M | 19.17M | 356.15M |
| Total Equity | 613.88M▲ 0% | 637.91M▲ 3.9% | 655.45M▲ 2.7% | 990.4M▲ 51.1% | 779.82M▼ 21.3% | 904.01M▲ 15.9% | 805.18M▼ 10.9% | 889.67M▲ 10.5% | 828.88M▼ 6.8% | 760.18M▲ 0% |
| Equity Growth % | 11.65% | 3.91% | 2.75% | 51.1% | -21.26% | 15.93% | -10.93% | 10.49% | -6.83% | -14.58% |
| Shareholders Equity | 420.28M | 455.89M | 408.58M | 756.8M | 555.35M | 647.45M | 572.62M | 670.64M | 627.78M | 760.18M |
| Minority Interest | 193.59M | 182.02M | 246.87M | 233.6M | 224.47M | 256.56M | 232.56M | 219.03M | 201.42M | 0 |
| Common Stock | 449K | 500K | 563K | 591K | 630K | 677K | 668K | 797K | 805K | 0 |
| Additional Paid-in Capital | 287.41M | 357.35M | 455.68M | 472.75M | 525.03M | 587.88M | 580.69M | 714.64M | 724.67M | 0 |
| Retained Earnings | -61.17M | -82.7M | 0 | -112.36M | -141.36M | -126.88M | -184.72M | -218.62M | -269.48M | 0 |
| Preferred Stock | 0 | 182.02M | 63.25M | 171.09M | 171.09M | 171.09M | 171.09M | 171.09M | 171.09M | 0 |
| Return on Assets (ROA) | 2.08% | 1.49% | 1.57% | 1.57% | 1.14% | 3.58% | 0.34% | 1.4% | 0.22% | -0.87% |
| Return on Equity (ROE) | 3.62% | 2.75% | 3.72% | 3.54% | 2.47% | 8.88% | 0.97% | 4.21% | 0.65% | -2.71% |
| Debt / Assets | 49.59% | 54.86% | 56.38% | 53.39% | 52.14% | 54.12% | 69.98% | 56.49% | 63.59% | 54.95% |
| Debt / Equity | 0.84x | 1.09x | 1.55x | 1.03x | 1.30x | 1.34x | 2.23x | 1.60x | 1.99x | 1.99x |
| Net Debt / EBITDA | 7.56x | 10.78x | 12.10x | 10.56x | 7.56x | 5.59x | 10.32x | 6.83x | 9.24x | 9.24x |
| Book Value per Share | 14.47 | 13.43 | 12.34 | 17.28 | 12.86 | 13.38 | 11.89 | 12.59 | 8.13 | 7.45 |
Armada Hoffler Properties, Inc. (AHH) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 58.02M | 56.09M | 67.73M | 91.18M | 91.18M | 116.86M | 93.31M | 112.02M | 62.87M | 62.87M |
| Operating CF Growth % | -2.93% | -3.33% | 20.76% | 34.62% | 0.01% | 28.16% | -20.15% | 20.05% | -43.88% | -115.18% |
| Operating CF / Revenue % | 19.16% | 29.01% | 26.33% | 23.77% | 30.14% | 24.8% | 13.99% | 15.81% | 22.04% | 19.33% |
| Net Income | 29.93M | 23.49M | 32.26M | 36.96M | 25.45M | 99.95M | 8.29M | 42.49M | 542K | -22.31M |
| Depreciation & Amortization | 25.97M | 30.39M | 38.22M | 44.26M | 52.57M | 55.66M | 64.81M | 68.28M | 91.74M | 31.99M |
| Stock-Based Compensation | 1.32M | 1.28M | 1.61M | 2.38M | 2.23M | 3.27M | 3.68M | 5.1M | 0 | 1.07M |
| Other Non-Cash Items | 11.73M | 7.85M | 14.5M | 11.37M | 14.41M | -39.11M | 40.89M | -8.79M | -6.21M | 56.98M |
| Working Capital Changes | -2.45M | -9.79M | -13.76M | -3.79M | -7.61M | -2.92M | -24.35M | 4.93M | -23.2M | 2.12M |
| Cash from Investing | -102.43M | -240.56M | -295.06M | -26.23M | -57.63M | -33.24M | -237.27M | -26.7M | -125.29M | -103.77M |
| Acquisitions (Net) | -1.18M | -10.42M | -535K | -1.08M | -11.61M | -62.87M | -70.05M | 0 | -37.99M | -4.71M |
| Purchase of Investments | -1.18M | -10.42M | -535K | 0 | -11.61M | -62.87M | -70.05M | -93.43M | -38.8M | -23.6M |
| Sale of Investments | 12.56M | 35.84M | 55.47M | 0 | 127.62M | 288.12M | 0 | 22.83M | 450K | 6.57M |
| Other Investing | -100.07M | -219.72M | -329.74M | -25.15M | -146.54M | -178.53M | -97.17M | 74.25M | -2.69M | -70.15M |
| Cash from Financing | 41.84M | 185.61M | 246.86M | -58.1M | -43.54M | -72.19M | 122.25M | -43.26M | 58.18M | 59.13M |
| Dividends Paid | -43.62M | -50.9M | -61.5M | -47.6M | -58.71M | -72.58M | -80.4M | -83.89M | -75.22M | -51.56M |
| Common Dividends | -43.62M | -50.9M | -61.5M | -47.6M | -58.71M | -72.58M | -80.4M | -11.55M | 0 | -34.4M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 3M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -12.84M | 0 | -149K | -145K |
| Other Financing | -7.85M | -4.46M | -5.92M | -8.91M | -10.55M | 46.32M | -6.21M | -4.8M | -70.16M | -5.85M |
| Net Change in Cash | -2.28M▲ 0% | 1.14M▲ 149.8% | 19.53M▲ 1620.5% | 6.85M▼ 64.9% | -9.99M▼ 245.8% | 11.42M▲ 214.4% | -21.7M▼ 290.0% | 42.06M▲ 293.8% | 18.86M▼ 55.2% | 3.81M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.1M | -15.61M |
| Cash at Beginning | 25.19M | 22.92M | 24.05M | 43.58M | 50.43M | 40.44M | 51.87M | 30.17M | 33.52M | 0 |
| Cash at End | 22.92M | 24.05M | 43.58M | 50.43M | 40.44M | 51.87M | 30.17M | 72.22M | 52.38M | 0 |
| Free Cash Flow | 45.77M▲ 0% | 44.36M▼ 3.1% | 48.01M▲ 8.2% | 91.18M▲ 89.9% | 75.69M▼ 17.0% | 99.77M▲ 31.8% | 93.31M▼ 6.5% | 112.02M▲ 20.0% | 16.62M▼ 85.2% | 41.7M▲ 0% |
| FCF Growth % | -13.77% | -3.06% | 8.21% | 89.92% | -16.99% | 31.82% | -6.47% | 20.05% | -85.17% | -46.57% |
| FCF / Revenue % | 15.12% | 22.95% | 18.67% | 23.77% | 25.02% | 21.18% | 13.99% | 15.81% | 5.83% | 12.82% |
Armada Hoffler Properties, Inc. (AHH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 1.11 | 1 | 1.17 | 1.28 | 1.51 | 2.2 | 1.56 | 1.79 | 0.95 | 0.68 |
| FFO Payout Ratio | 92.76% | 106.93% | 98.77% | 64.85% | 63.98% | 48.76% | 76.05% | 9.12% | 77.45% | 49.81% |
| NOI Margin | 26.5% | 41.94% | 41.36% | 30.51% | 48.29% | 36.33% | 28.27% | 28.72% | 67.74% | 31.3% |
| Net Debt / EBITDA | 7.56x | 10.78x | 12.10x | 10.56x | 7.56x | 5.59x | 10.32x | 6.83x | 9.24x | 9.24x |
| Debt / Assets | 49.59% | 54.86% | 56.38% | 53.39% | 52.14% | 54.12% | 69.98% | 56.49% | 63.59% | 54.95% |
| Interest Coverage | 2.76x | 2.23x | 2.01x | 2.18x | 1.73x | 3.52x | 1.25x | 1.53x | 0.99x | - |
| Book Value / Share | 14.47 | 13.43 | 12.34 | 17.28 | 12.86 | 13.38 | 11.89 | 12.59 | 8.13 | 7.45 |
| Revenue Growth | 17.18% | -36.15% | 33.04% | 49.16% | -21.14% | 55.73% | 41.61% | 6.19% | -59.74% | -48.34% |
Armada Hoffler Properties, Inc. (AHH) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 4, 2026·SEC
Mar 16, 2026·SEC
Feb 19, 2026·SEC
Armada Hoffler Properties, Inc. (AHH) stock FAQ — growth, dividends, profitability & financials explained
Armada Hoffler Properties, Inc. (AHH) reported $325.3M in revenue for fiscal year 2025. This represents a 150% increase from $130.2M in 2011.
Armada Hoffler Properties, Inc. (AHH) saw revenue decline by 59.7% over the past year.
Armada Hoffler Properties, Inc. (AHH) reported a net loss of $22.3M for fiscal year 2025.
Yes, Armada Hoffler Properties, Inc. (AHH) pays a dividend with a yield of 11.42%. This makes it attractive for income-focused investors.
Armada Hoffler Properties, Inc. (AHH) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.
Armada Hoffler Properties, Inc. (AHH) generated Funds From Operations (FFO) of $69.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Armada Hoffler Properties, Inc. (AHH) offers a 11.42% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Armada Hoffler Properties, Inc. (AHH) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates