Armada Hoffler Properties (AHH) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 13, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

-0.04

Last Year’s EPS

-0.07

Same Quarter Last Year

Analyst Consensus

―

Based on 0 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 17, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call outlines a decisive strategic transformation with significant progress: rebranding, advanced LOIs for multifamily dispositions, exit of construction, above‑guide normalized FFO and solid same‑store NOI performance, plus a clear deleveraging plan. However, the company is entering a transitional year (2026) with projected lower near‑term FFO per share, timing lags from tenant build‑outs and backfills, refinancing/maturity execution risk, and remaining disposition execution risk. Overall, the operational metrics and tangible progress on balance sheet repair and portfolio focus provide a constructive long‑term outlook, while near‑term dilution and execution risks temper the immediate outlook.

Company Guidance

The company’s 2026 guidance reflects a streamlined, post‑transformation REIT (multifamily and fee businesses removed) that targets pro forma NAREIT FFO of $0.64 per diluted share (versus reported 2025 NAREIT FFO of $0.78/sh), after 2025 normalized FFO of $110.1M ($1.08/sh), reported FFO $79.4M ($0.78/sh) and AFFO $75.6M ($0.74/sh); Q4 2025 normalized FFO was $29.5M ($0.29/sh), FFO $23.1M ($0.23/sh) and AFFO $17.8M ($0.17/sh). Management expects blended retail/office same‑store NOI cash growth of just over 1.7% in 2026 (Q4 same‑store NOI +6.3% GAAP / +7.1% cash) with ~50% retail / 50% office NOI post‑transformation (94% of NOI in mixed‑use), plans ~$50M of acquisitions in 2026 at ~6.25%–7.0% cap rates (a $10M annualized NOI target implies roughly $150M of buys at ~6.5% cap), and anticipates selling multifamily at ~mid‑5% caps; balance sheet actions include secured paydowns of ≈$270M and net unsecured paydowns of ≈$400M, expected leverage improvement of ~two full turns, an AFFO payout ratio around 95% in 2026/post‑transition, and specific near‑term maturities of $95M (May 2026), Cane Street Wharf (Sept 2026) and Constellation Energy Building (Nov 2026).

Strategic Rebranding and Transformation

Announced rebranding to A H Realty Trust effective March 2 and a strategic pivot to a streamlined pure‑play retail and office REIT by exiting multifamily and fee income businesses (construction and portions of real estate financing) to improve income predictability and reduce leverage.

Progress on Dispositions and Fee‑Income Exits

Under LOI for 11 of 14 multifamily assets with negotiations materially advanced; construction business exit effectively complete; LOI executed to sell interests in 2 of 4 real estate financing investments and discussions underway to exit a third; remaining financing asset in market at low‑5% cap rates.

Q4 and Full Year FFO Above Expectations

Q4 2025 normalized FFO attributable to common shareholders of $29.5M ($0.29 per diluted share) above guidance; Q4 GAAP FFO $23.1M ($0.23). Full year 2025 normalized FFO $110.1M ($1.08 per diluted share) above guidance; full year GAAP FFO $79.4M ($0.78).

Strong Same‑Store NOI Performance

Portfolio same‑store NOI increased 6.3% on a GAAP basis and 7.1% on a cash basis (quarter). Retail same‑store NOI for the quarter up 5.6% GAAP and 3.4% cash, driven by new leasing and positive renewal spreads (cited at 15% GAAP / 10% cash in remarks).

Successful Redevelopment and Leasing Wins

Columbus Village redevelopment released at rents 60% higher than prior levels; at full occupancy expected to generate >$1,000,000 of new ABR (majority in 2026). Trader Joe’s more than doubled visits; Golf Galaxy ranks in top five nationwide for foot traffic. Re‑leased 38,000 sq ft at A H Tower at $35/sf generating $1.3M ABR (realization in 2027 with partial in 2026).

Balance Sheet and Deleveraging Roadmap

Management expects to use disposition proceeds to pay down debt (projected secured debt paydowns of ~$270M and net unsecured debt paydowns of ~$400M), targeting an improvement in leverage by approximately two full turns and a shift to a long‑term fixed‑rate debt posture.

Clear 2026 Guidance and Focus on Durable Cash Flow

2026 guidance removes discontinued operations (multifamily/fee income) to show pro forma profile; management projects blended retail and office same‑store cash NOI growth of ~1.7% in 2026 and post‑transformation NAREIT FFO of $0.64 per diluted share (from reported $0.78 in 2025), while maintaining dividend coverage from operating property cash flows.

Portfolio Fundamentals—Office and Mixed‑Use Strength

Office portfolio: nearly eight years weighted average lease term (WALT), high‑credit tenancy, only 1.7% rollover in 2026; Interlock occupancy improved nearly 600 bps to >94% leased, demonstrating leasing momentum in mixed‑use assets.

Planned Opportunistic Acquisitions

Management plans to pursue approximately $50M of retail acquisitions in 2026 targeting 6.25%–7.0% cap rates, with a long‑term plan that could support material NOI additions (~$10M annualized from 2027 onward) if capital markets and valuations are favorable.

Armada Hoffler Properties (AHH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AHH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 13, 2026	2026 (Q1)	-0.04 / -	-0.07	―	―	―
Feb 17, 2026	2025 (Q4)	0.02 / -0.01	0.26	-103.85% (-0.27)
Nov 03, 2025	2025 (Q3)	0.06 / -0.04	-0.1	60.00% (+0.06)
Aug 04, 2025	2025 (Q2)	0.04 / 0.04	0	―
May 07, 2025	2025 (Q1)	0.02 / -0.07	0.17	-141.18% (-0.24)
Feb 19, 2025	2024 (Q4)	0.03 / 0.26	-0.27	196.30% (+0.53)
Nov 04, 2024	2024 (Q3)	0.08 / -0.10	0.06	-266.67% (-0.16)
Aug 07, 2024	2024 (Q2)	0.09 / 0.00	0.13	―
May 09, 2024	2024 (Q1)	-0.10 / 0.17	0.03	466.67% (+0.14)
Feb 22, 2024	2023 (Q4)	0.07 / -0.27	0.13	-307.69% (-0.40)

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
Feb 17, 2026	$6.34	$6.16	-2.84%
Nov 03, 2025	$6.48	$6.42	-0.93%
Aug 04, 2025	$6.64	$6.62	-0.29%
May 07, 2025	$6.62	$6.54	-1.16%

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 May 13, 2026, Before Open (Confirmed).

What is Armada Hoffler Properties (AHH) earnings time?

Armada Hoffler Properties (AHH) earnings time is at May 13, 2026, Before Open (Confirmed).

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What is AHH EPS forecast?

AHH EPS forecast for the fiscal quarter 2026 (Q1) is -0.04.