Profile
Sector:
Real EstateIndustry:
DiversifiedCountry:
United StatesIPO:
08 May 2013Website:
http://www.armadahoffler.comNext earnings report:
02 August 2024Last dividends:
26 June 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 22:40:00 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
AHH Latest News
VIRGINIA BEACH, Va., June 13, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share. The second quarter dividend will be paid in cash on July 5, 2024, to stockholders of record on June 26, 2024.
Armada Hoffler Properties is a REIT that owns and leases a diversified portfolio of office, retail, and multifamily properties in the U.S. The REIT's portfolio consists of 59 properties spread across multiple states, with a focus on mixed-use communities which provides greater diversification. It has experienced a decrease in AFFO and occupancy rates, but the shares seem to be undervalued using very conservative assumptions.
Armada Hoffler Properties is trading at a low 9.14x multiple to the midpoint of 2024 NFFO guidance. The REIT offers a 7.2% dividend yield that is 151% covered by 2024 NFFO. AHH's office occupancy is dipping but remains elevated against the national average.
Inflation acts as a covert tax that diminishes buying power, highlighting the need to take into account both nominal taxes and inflation. Verizon is a reliable option for investors seeking dividends, thanks to its growth in fixed wireless and price hikes. Armada Hoffler Properties is a diversified REIT that has consistently created value, and its upcoming development projects are projected to fuel growth in 2024.
Armada Hoffler Properties is a diversified REIT with a portfolio of multifamily, office, and retail properties. Management is shifting the portfolio mix away from Office, all while protecting its existing high-quality office assets from subpar leases. AHH projects continued fundamental growth in 2024 and offers attractive dividend yields on both its common and preferred shares, all while trading at a discounted valuation.
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.
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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.
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What type of business is Armada Hoffler Properties?
Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. In addition to developing and building properties for its own account, the Company also provides development and general contracting construction services to third-party clients. Founded in 1979 by Daniel A. Hoffler, the Company has elected to be taxed as a REIT for U.S. federal income tax purposes.
What sector is Armada Hoffler Properties in?
Armada Hoffler Properties is in the Real Estate sector
What industry is Armada Hoffler Properties in?
Armada Hoffler Properties is in the Diversified industry
What country is Armada Hoffler Properties from?
Armada Hoffler Properties is headquartered in United States
When did Armada Hoffler Properties go public?
Armada Hoffler Properties initial public offering (IPO) was on 08 May 2013
What is Armada Hoffler Properties website?
https://www.armadahoffler.com
Is Armada Hoffler Properties in the S&P 500?
No, Armada Hoffler Properties is not included in the S&P 500 index
Is Armada Hoffler Properties in the NASDAQ 100?
No, Armada Hoffler Properties is not included in the NASDAQ 100 index
Is Armada Hoffler Properties in the Dow Jones?
No, Armada Hoffler Properties is not included in the Dow Jones index
When does Armada Hoffler Properties report earnings?
The next expected earnings date for Armada Hoffler Properties is 02 August 2024