Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Armada Hoffler Properties (AHH)
NYSE:AHH
Holding AHH?
Track your performance easily
Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.02Last Year’s EPS
-$0.27Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -6.05%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with successful equity offerings and high occupancy rates. However, minor development delays and negative same-store NOI growth pose challenges. The sentiment leans towards a positive outlook due to significant achievements and strategic growth plans.Company Guidance
During the Armada Hoffler Q3 2024 earnings call, the company provided several key metrics and guidance reflecting their strategic objectives. The company reported a strong normalized FFO of $0.35 per diluted share and maintained occupancy rates above 95% across their portfolio. Armada Hoffler successfully executed a $108 million common equity offering, which helped reduce leverage and position the company to expand by approximately 900 multifamily units, a 37% increase in door count. The call also highlighted robust performance in their commercial leasing activities, with 37 commercial leases executed at GAAP spreads of 16.7%. However, the company is experiencing minor development delays at Harbor Point, pushing project deliveries to early 2025, which is anticipated to result in higher-than-expected earnings due to continued capitalization of interest expenses. The company's strategic plan includes improving portfolio quality, upgrading their debt profile, and maintaining high occupancy rates while navigating the current market environment.Successful $108 Million Equity Offering
Armada Hoffler executed a $108 million common equity offering, reducing leverage and positioning the company to add approximately 900 multifamily units across 4 high-quality assets, resulting in a 37% increase in door count.
Strong Occupancy and Leasing Performance
The company reported robust occupancy of 95% across its portfolio, with a 95.6% occupancy rate in commercial properties, and executed 37 commercial leases covering approximately 275,000 square feet at a GAAP spread of 16.7%.
Positive Office and Retail Performance
Office occupancy remained high at 95% with significant opportunities to add to the income stream. Retail portfolio had strong performance with 96.2% occupancy and leasing spreads of 13.1%.
Ribbon Cutting of Southern Post
The company celebrated the opening of Southern Post in Roswell, Georgia, a mixed-use strategy success, receiving positive response from the business community.
---
AHH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
AHH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $10.91 | $11.07 | +1.47% |
| Aug 07, 2024 | $11.29 | $11.23 | -0.53% |
| May 09, 2024 | $10.57 | $11.14 | +5.39% |
| Feb 22, 2024 | $10.90 | $10.23 | -6.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Armada Hoffler Properties (AHH) report earnings?
Armada Hoffler Properties (AHH) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Armada Hoffler Properties (AHH) earnings time?
Armada Hoffler Properties (AHH) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AHH EPS forecast?
AHH EPS forecast for the fiscal quarter 2024 (Q4) is $0.02.
---