Armada Hoffler Properties (AHH) AI Stock Analysis

• Market Cap: $724.63M
• Dividend Yield: 7.83%
• Average Volume (3M): 1.03M
• Price to Earnings (P/E): 125.4
• Beta (1Y): 0.82
• Revenue Growth: -12.13%
• EPS Growth: -14.54%
• Country: US
• Employees: 148
• Sector: Real Estate
• Sector Strength: 55
• Industry: REIT - Diversified
• EPS (TTM): -0.07
• Shares Outstanding: 80,155,370
• 10 Day Avg. Volume: 1,622,830
• 30 Day Avg. Volume: 1,034,019
• PEG Ratio: -0.41
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.91
• Enterprise Value/Market Cap: 0.90
• Enterprise Value/Revenue: 0.23
• Enterprise Value/Gross Profit: 3.23
• Enterprise Value/Ebitda: 0.86
• 1Y Price Target: $8.83
• Price Target Upside: 23.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 68 Neutral
• Price Target: $7.50 ▲(4.90%Upside)

Armada Hoffler Properties demonstrates strong financial health and effective management, reflected in robust revenue growth and high occupancy rates. However, the high P/E ratio suggests overvaluation risks, and technical indicators point to uncertain market momentum. The company's strategic focus on fiscal flexibility and long-term value creation is promising, but challenges in specific sectors and a recent net loss limit the score.

Armada Hoffler Properties Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Armada Hoffler Properties generates revenue primarily through rental income from its diverse portfolio of commercial and residential properties. As a REIT, the company benefits from long-term lease agreements with tenants across office, retail, and multifamily sectors. Additionally, Armada Hoffler pursues growth through property development and acquisition, enhancing its portfolio value. The company also earns income from its third-party construction services, which involve constructing properties for other clients, providing a significant revenue stream alongside its leasing activities. Armada Hoffler's strategic partnerships and joint ventures further emphasize its ability to expand and optimize its investment opportunities, contributing to its overall earnings.

Armada Hoffler Properties Financial Statement Overview

Summary

Armada Hoffler Properties demonstrates strong financial performance with significant revenue growth, effective cost management, and zero debt, which enhances financial stability. However, the decrease in return on equity indicates some room for improvement in generating shareholder returns.

Income Statement

Armada Hoffler Properties shows strong financial performance with significant revenue growth of 6.22% in the TTM period compared to the previous year. The gross profit margin and EBIT margin are healthy at 33.06% and 17.68%, respectively, indicating effective cost management and operational efficiency. Net profit has also grown substantially, enhancing the net profit margin to 5.41%, compared to 1.24% last year, reflecting improved profitability.

Balance Sheet

The company demonstrates strong financial stability with a Debt-to-Equity ratio of 0, as it reports zero total debt in the TTM period, which is a significant improvement from the prior year. The equity ratio is solid at 35.39%, pointing to a robust capital structure. However, the return on equity has decreased to 4.31% from the previous year's 1.45%, indicating room for improvement in generating returns for shareholders.

Cash Flow

Cash flow analysis reveals a stable situation with a free cash flow of $91.2 million in the TTM period. The Operating Cash Flow to Net Income ratio is strong at 2.38, suggesting effective cash generation from operations relative to net income. Although the free cash flow growth rate is negative due to slight decreases in operating cash flow, the company's free cash flow remains ample, showcasing solid liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	629.63M	708.47M	667.16M	454.15M	284.08M	383.63M
Gross Profit	201.23M	203.45M	187.85M	154.20M	127.63M	117.07M
EBITDA	191.91M	211.81M	164.23M	213.57M	132.57M	128.27M
Net Income	18.77M	35.65M	8.29M	74.75M	21.89M	29.15M
Balance Sheet
Total Assets	2.47B	2.51B	2.56B	2.24B	1.94B	1.92B
Cash, Cash Equivalents and Short-Term Investments	45.72M	70.64M	27.92M	48.14M	35.25M	41.00M
Total Debt	0.00	1.42B	1.52B	1.21B	995.36M	1.02B
Total Liabilities	1.60B	1.62B	1.76B	1.34B	1.16B	1.16B
Stockholders Equity	657.39M	670.64M	572.62M	904.01M	779.82M	756.80M
Cash Flow
Free Cash Flow	78.17M	112.02M	93.31M	99.77M	75.69M	81.10M
Operating Cash Flow	66.62M	112.02M	93.31M	116.86M	91.18M	91.18M
Investing Cash Flow	-7.24M	-26.70M	-237.27M	-33.24M	-57.63M	-26.23M
Financing Cash Flow	-54.67M	-43.26M	122.25M	-72.19M	-43.54M	-58.10M

Armada Hoffler Properties Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.15
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AHH, the sentiment is Positive. The current price of 7.15 is above the 20-day moving average (MA) of 6.88, above the 50-day MA of 6.86, and below the 200-day MA of 8.73, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 60.49 is Neutral, neither overbought nor oversold. The STOCH value of 71.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AHH.

Armada Hoffler Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OLP	73 Outperform	$528.20M	18.08	9.57%	7.36%	1.82%	-1.03%
AHH	68 Neutral	$724.63M	125.44	3.05%	7.83%	-12.13%	-14.54%
GOOD	66 Neutral	$681.20M	50.55	7.51%	8.21%	3.01%	―
Sector *	64 Neutral	$7.01B	18.92	-1.36%	6.84%	4.67%	-25.39%
PKST	60 Neutral	$508.20M	―	-6.09%	6.51%	-8.41%	88.62%
CTO	57 Neutral	$582.62M	36.87	-1.05%	8.59%	17.48%	-172.41%
BRSP	54 Neutral	$687.53M	―	-6.29%	12.14%	-14.92%	-3.27%

Armada Hoffler Properties Corporate Events

Armada Hoffler Properties Approves Proposals at Annual Meeting

On June 18, 2025, Armada Hoffler Properties held its annual meeting where stockholders voted on several proposals, including the election of directors and amendments to the equity incentive plan. The stockholders approved all proposals, including the ratification of Ernst & Young LLP as the company’s independent auditor and the advisory vote on executive compensation. Additionally, the board approved a new performance-based LTIP unit award agreement, with significant grants to key executives, aligning their incentives with the company’s financial performance and stockholder returns.

The most recent analyst rating on (AHH) stock is a Buy with a $12.75 price target. To see the full list of analyst forecasts on Armada Hoffler Properties stock, see the AHH Stock Forecast page.

Armada Hoffler Properties President Resigns Amid Leadership Changes

On May 21, 2025, Eric E. Apperson resigned as President of Construction at Armada Hoffler Properties, Inc. A Separation and General Release Agreement was reached, effective May 29, 2025, granting Mr. Apperson severance benefits and accelerated vesting of certain shares and units. The agreement includes non-disclosure and non-compete clauses, along with mutual non-disparagement terms, impacting the company’s leadership and operational continuity.

The most recent analyst rating on (AHH) stock is a Buy with a $12.75 price target. To see the full list of analyst forecasts on Armada Hoffler Properties stock, see the AHH Stock Forecast page.

Armada Hoffler Reports Q1 2025 Net Loss Per Share

Armada Hoffler Properties reported a GAAP net loss of $0.07 per diluted share for the first quarter of 2025, compared to a net income of $0.17 per diluted share in the same period of 2024. The company maintained its full-year 2025 Normalized FFO guidance range of $1.00 to $1.10 per diluted share, despite a decrease in funds from operations and a decline in general contracting and real estate services gross profit. The company executed 31 commercial lease renewals and 11 new leases, totaling approximately 313,000 square feet, and reported positive renewal spreads across its retail and office segments. The company’s portfolio occupancy remained strong, with retail at 94.5%, office at 97.5%, and multifamily at 95.0%.