Armada Hoffler Properties, Inc. (AHH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 52.32M | 75.6M | 96.08M | 101.26M | 114.64M | 142.6M | 187.65M | 184.74M | 193.48M | 191.03M | 166.01M | 165.94M | 144.18M | 151.6M | 126.26M | 103.85M | 82.85M | 69.92M | 67.06M | 65.79M |
| Revenue Growth % | -54.37% | -46.98% | -48.8% | -45.18% | -40.75% | -25.35% | 13.04% | 11.33% | 34.2% | 26.01% | 31.49% | 59.79% | 74.01% | 116.81% | 88.27% | 57.86% | 1.91% | -29.02% | -31.75% | -32.4% |
| Property Operating Expenses | 54.07M | 71.23M | 44.9M | 53.26M | 66.81M | 94.3M | 133.82M | 133.47M | 143.43M | 143.94M | 116.72M | 118.38M | 99.54M | 111.67M | 84.45M | 61.94M | 41.89M | 36.94M | 34.2M | 34.89M |
| Net Operating Income (NOI) | -1.76M | 4.37M | 51.18M | 48M | 47.83M | 48.3M | 53.83M | 51.26M | 50.05M | 47.1M | 49.29M | 47.56M | 44.63M | 39.93M | 41.8M | 41.91M | 40.96M | 32.98M | 32.86M | 30.9M |
| NOI Margin % | -3.36% | 5.78% | 53.27% | 47.41% | 41.72% | 33.87% | 28.69% | 27.75% | 25.87% | 24.65% | 29.69% | 28.66% | 30.96% | 26.34% | 33.11% | 40.36% | 49.44% | 47.17% | 49% | 46.97% |
| Operating Expenses | -14.87M | -19.47M | 27.92M | 28.04M | 30.66M | 8.62M | 28.87M | 32.71M | 26.7M | 39.97M | 26.95M | 23.78M | 24.3M | 21.94M | -12.27M | 3.49M | 23.6M | 23.37M | 20.73M | 21.16M |
| G&A Expenses | 0 | 4.45M | 4.45M | 6M | 7.39M | 4.66M | 5.19M | 4.5M | 5.87M | 4.34M | 4.29M | 4.05M | 5.45M | 3.51M | 3.85M | 3.62M | 4.71M | 3.65M | 3.45M | 3.49M |
| EBITDA | 31.35M | 47.4M | 46.38M | 46.42M | 40.39M | 64.95M | 48.64M | 44.82M | 44.18M | 24.15M | 40.25M | 39.27M | 34.73M | 32.05M | 67.51M | 52.67M | 31.27M | 22.92M | 25.71M | 22.62M |
| EBITDA Margin % | 59.93% | 62.69% | 48.27% | 45.84% | 35.23% | 45.54% | 25.92% | 24.26% | 22.83% | 12.64% | 24.24% | 23.67% | 24.09% | 21.14% | 53.47% | 50.71% | 37.75% | 32.78% | 38.34% | 34.39% |
| Depreciation & Amortization | 18.24M | 23.55M | 23.11M | 26.45M | 23.22M | 25.27M | 23.68M | 26.27M | 20.83M | 17.02M | 17.91M | 15.49M | 14.39M | 14.05M | 13.44M | 14.25M | 13.92M | 13.3M | 13.59M | 12.89M |
| D&A / Revenue % | 34.87% | 31.16% | 24.06% | 26.12% | 20.25% | 17.72% | 12.62% | 14.22% | 10.77% | 8.91% | 10.79% | 9.34% | 9.98% | 9.27% | 10.64% | 13.72% | 16.8% | 19.03% | 20.26% | 19.59% |
| Operating Income | 13.11M | 23.84M | 23.26M | 19.97M | 17.18M | 39.68M | 24.96M | 18.55M | 23.35M | 7.13M | 22.34M | 23.78M | 20.34M | 18M | 54.08M | 38.41M | 17.36M | 9.62M | 12.12M | 9.73M |
| Operating Margin % | 25.06% | 31.53% | 24.21% | 19.72% | 14.98% | 27.83% | 13.3% | 10.04% | 12.07% | 3.73% | 13.46% | 14.33% | 14.11% | 11.87% | 42.83% | 36.99% | 20.95% | 13.75% | 18.08% | 14.79% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 1000K | 1000K | 1000K |
| Interest Coverage | 0.96x | 1.02x | 0.98x | 1.29x | 0.77x | 2.55x | 0.67x | 1.10x | 2.02x | -0.25x | 1.57x | 2.12x | 1.46x | 2.33x | - | - | - | 1.35x | 1.87x | 1.95x |
| Non-Operating Income | -177K | 248K | 1.09M | -7.45M | 3.22M | -7.24M | 10.52M | -4.71M | -12.88M | 11.26M | -1.83M | -5.07M | 2.43M | -7.47M | 1.18M | -1.7M | -3.65M | -2.09M | -4.41M | -6.68M |
| Pretax Income | -493K | 382K | -547K | 6.15M | -4.15M | 28.54M | -6.95M | 2.03M | 18.26M | -20.57M | 8.73M | 15.22M | 5.61M | 14.54M | 42.55M | 30.75M | 11.97M | 3.02M | 7.71M | 7.99M |
| Pretax Margin % | -0.94% | 0.51% | -0.57% | 6.07% | -3.62% | 20.02% | -3.71% | 1.1% | 9.44% | -10.77% | 5.26% | 9.17% | 3.89% | 9.59% | 33.7% | 29.61% | 14.45% | 4.32% | 11.49% | 12.15% |
| Income Tax | 0 | 0 | 192K | -567K | 190K | -494K | 592K | -1.25M | 534K | 495K | 310K | 336K | 188K | -5K | 181K | -20K | -301K | -220K | -42K | -461K |
| Effective Tax Rate % | 0% | 0% | -35.1% | -9.22% | -4.58% | -1.73% | -8.51% | -61.29% | 2.92% | -2.41% | 3.55% | 2.21% | 3.35% | -0.03% | 0.43% | -0.07% | -2.51% | -7.28% | -0.55% | -5.77% |
| Net Income | -30.4M | 2.07M | 80K | 5.95M | -2.81M | 23.44M | -5.04M | 3.17M | 14.07M | -15.22M | 6.94M | 11.86M | 4.71M | 11.72M | 28.88M | 24.16M | 9.99M | 3.16M | 6.51M | 7.03M |
| Net Margin % | -58.11% | 2.74% | 0.08% | 5.87% | -2.45% | 16.44% | -2.68% | 1.72% | 7.27% | -7.97% | 4.18% | 7.15% | 3.27% | 7.73% | 22.87% | 23.26% | 12.06% | 4.51% | 9.71% | 10.68% |
| Net Income Growth % | -983.92% | -91.17% | 101.59% | 87.55% | -119.93% | 253.94% | -172.59% | -73.26% | 198.85% | -229.94% | -75.97% | -50.9% | -52.88% | 271.14% | 343.51% | 243.87% | 92.25% | -25.7% | -24.37% | -24.47% |
| Funds From Operations (FFO) | -12.16M | 25.62M | 23.19M | 32.4M | 20.41M | 48.7M | 18.65M | 29.44M | 34.9M | 1.79M | 24.84M | 27.36M | 19.1M | 25.77M | 42.31M | 38.41M | 23.91M | 16.46M | 20.1M | 19.91M |
| FFO Margin % | -23.25% | 33.89% | 24.14% | 32% | 17.8% | 34.15% | 9.94% | 15.93% | 18.04% | 0.94% | 14.97% | 16.49% | 13.25% | 17% | 33.51% | 36.99% | 28.86% | 23.54% | 29.97% | 30.27% |
| FFO Growth % | -159.59% | -47.39% | 24.39% | 10.07% | -41.52% | 2613.26% | -24.95% | 7.6% | 82.74% | -93.04% | -41.28% | -28.78% | -20.11% | 56.55% | 110.5% | 92.89% | 32.93% | -0.24% | 3.05% | 0.82% |
| FFO per Share | -0.12 | 0.25 | 0.29 | 0.40 | 0.26 | 0.48 | 0.27 | 0.44 | 0.52 | 0.02 | 0.37 | 0.40 | 0.28 | 0.29 | 0.62 | 0.57 | 0.36 | 0.20 | 0.33 | 0.33 |
| FFO Payout Ratio % | 0% | 23.47% | 122.37% | 52.97% | 115.94% | 44.24% | 15.48% | 71.57% | 57.65% | 1150.75% | 81.94% | 72.04% | 103% | 76.33% | 42.32% | 46.61% | 71.5% | 97.5% | 79.51% | 75.32% |
| EPS (Diluted) | -0.33 | -0.01 | -0.04 | 0.04 | -0.07 | 0.20 | -0.11 | 0.00 | 0.17 | -0.21 | 0.06 | 0.13 | 0.03 | 0.10 | 0.38 | 0.31 | 0.11 | 0.00 | 0.06 | 0.07 |
| EPS Growth % | -363.48% | -102.5% | 68.18% | - | -141.88% | 195.24% | -284.25% | -96.77% | 531.97% | -310% | -84.29% | -58.06% | -75.55% | - | 540.81% | 352.55% | 182.78% | -80.81% | -46.09% | -51.07% |
| EPS (Basic) | -0.33 | -0.01 | -0.01 | 0.04 | -0.14 | 0.20 | -0.13 | 0.00 | 0.13 | -0.20 | 0.06 | 0.13 | 0.03 | 0.10 | 0.38 | 0.31 | 0.11 | 0.00 | 0.06 | 0.07 |
| Diluted Shares Outstanding | 102.03M | 102.12M | 80.16M | 80.15M | 79.99M | 101.36M | 68.93M | 67.11M | 66.84M | 88.73M | 67.94M | 67.9M | 67.79M | 88.34M | 67.73M | 67.71M | 67.13M | 82.28M | 61.08M | 60.41M |