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Armada Hoffler Properties, Inc.(AHH)Earnings, Financials & Key Ratios
AHH•NYSE•REIT / Real Estate
$6.76
Price updated Jul 2, 2026
AboutArmada 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.Show more
- Revenue$285M-59.7%
- FFO$97M-23.3%
- FFO/Share0.95-46.8%
- FFO Payout77.45%+749.1%
- FFO per Share0.95-46.8%
- NOI Margin67.74%+135.9%
- FFO Margin34.06%+90.6%
- ROE0.65%-84.5%
- ROA0.22%-84.4%
AHH Price & Volume
Armada Hoffler Properties, Inc. (AHH) stock price & volume — 10-year historical chart
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Construction Volatility Strains Armada Hoffler Financial Stability
Investment Thesis • Updated 2026Q1
VerdictNegative: The company's FFO per share swung to a negative $0.12 in 2026Q1
Growth:Contracting
Profitability:Strained
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Construction segment earnings volatility
Key Thesis Takeaways
- Armada Hoffler's integrated business model, which combines property ownership with transactional construction services, creates significant earnings volatility that complicates long-term valuation.
- The firm's reliance on lumpy development gains and high leverage, evidenced by a 1.79 debt-to-equity ratio, leaves it vulnerable to cyclical downturns in the Mid-Atlantic real estate market.
- Investors should remain cautious as the recent collapse in NOI margins to -3.4% suggests that the core rental portfolio is currently failing to offset the operational risks inherent in the construction segment.
Verdict Logic
reflecting extreme earnings sensitivity that undermines the reliability of its 10.9% dividend yield.
AHH Growth Metrics
Armada Hoffler Properties, Inc. (AHH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.23%
5 Years-5.76%
3 Years-15.41%
TTM-48.34%
Profit CAGR
10 Years-11.79%
5 Years-28.09%
3 Years-57.83%
TTM-218.86%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-1542.61%
Return on Capital
10 Years4.21%
5 Years4.38%
3 Years3.91%
Last Year3.75%
AHH Recent Earnings
Armada Hoffler Properties, Inc. (AHH) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.33-842.9%
$0.04
Rev
$52M-0.2%
$52M
Q1 2026
Feb 16, 2026Metric
Actual
Est
EPS
$0.29+11.5%
$0.26
Rev
$72M+4.9%
$69M
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$0.29+11.5%
$0.26
Rev
$96M+40.0%
$69M
Q3 2025
Aug 4, 2025Metric
Actual
Est
EPS
$0.25-3.8%
$0.26
Rev
$101M+50.0%
$68M
| 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% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Armada Hoffler Properties, Inc. (AHH)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $6.76 | $541.84M | -52.00 | -59.74% | 1.96% | 0.65% | 10.92% | |
| $28.94 | $734.45M | -22.97 | -3.24% | -12.67% | -10.13% | — | |
| $23.06 | $2.91B | 31.16 | 6.06% | 22.2% | 7.8% | — | |
| $42.29 | $5.33B | 47.52 | 10.72% | 15.61% | 4.46% | — | |
| $1.56 | $138.62M | -0.89 | -100% | — | -18.93% | — | |
| $35.74 | $94.26M | 115.29 | 7.08% | -8.18% | -2.31% | — |
Compare AHH vs Peers
Armada Hoffler Properties, Inc. (AHH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AHH SEC Filings & Documents
Armada Hoffler Properties, Inc. (AHH) SEC filings — annual & quarterly reports (10-K, 10-Q)
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AHH Frequently Asked Questions
Armada Hoffler Properties, Inc. (AHH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Armada Hoffler Properties, Inc.'s revenue?
Armada Hoffler Properties, Inc. (AHH) reported $325.3M in revenue for fiscal year 2025. This represents a 150% increase from $130.2M in 2011.
How fast is Armada Hoffler Properties, Inc. growing?
Armada Hoffler Properties, Inc. (AHH) saw revenue decline by 59.7% over the past year.
Is AHH profitable?
Armada Hoffler Properties, Inc. (AHH) reported a net loss of $22.3M for fiscal year 2025.
Dividend & Returns
Does AHH pay dividends?
Yes, Armada Hoffler Properties, Inc. (AHH) pays a dividend with a yield of 10.92%. This makes it attractive for income-focused investors.
What is AHH's return on equity?
Armada Hoffler Properties, Inc. (AHH) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.
Industry Metrics
What is Armada Hoffler Properties, Inc.'s FFO?
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.
Is AHH a good dividend stock?
Armada Hoffler Properties, Inc. (AHH) offers a 10.92% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.