Armada Hoffler Properties, Inc. (AHH) Bundle
A Brief History of Armada Hoffler Properties, Inc. (AHH)
Company Overview
Armada Hoffler Properties, Inc. (AHH) is a real estate investment trust (REIT) that focuses on the development, ownership, and management of institutional-quality properties primarily in the Southeastern United States. The company was founded in 1988 by Armada Hoffler, and its headquarters is located in Virginia Beach, Virginia.
Initial Public Offering (IPO)
A significant milestone in AHH's history was its initial public offering on September 18, 2013, under the ticker symbol "AHH". The company raised approximately $100 million in its IPO, allowing it to expand its portfolio and increase its market presence.
Portfolio Growth
As of the end of 2022, Armada Hoffler Properties owned a diversified portfolio consisting of:
- Office Properties: 42%
- Multifamily Properties: 37%
- Retail Properties: 21%
The company managed approximately 3.3 million square feet of commercial space and over 1,700 residential units across multiple states.
Financial Performance
Armada Hoffler Properties reported the following financial highlights for the fiscal year ending December 31, 2022:
| Metric | Amount |
|---|---|
| Total Revenue | $73.5 million |
| Net Income | $12.8 million |
| Funds from Operations (FFO) | $28.6 million |
| Dividends Declared | $0.67 per share |
Expansion and Development Projects
In recent years, AHH has undertaken several key development projects. Noteworthy projects include:
- Wills Wharf in Baltimore, Maryland - A mixed-use development completed in 2020 with approximately 250 residential units and retail space.
- Shoppes at Farmington in North Carolina - A retail center that opened in 2021.
Market Position and Strategy
Armada Hoffler Properties has positioned itself as a leader in the REIT sector through its strategic focus on:
- High-quality developments in growing markets.
- Strong tenant relationships to ensure stable cash flows.
- Commitment to sustainability and environmental stewardship.
Recent Developments
As of October 2023, Armada Hoffler has continued to pursue growth opportunities and has announced the acquisition of several new properties, enhancing its portfolio further.
Stock Performance
As of October 2023, AHH's stock was trading at approximately $15.40 per share. The market capitalization of the company is around $735 million.
Conclusion
Armada Hoffler Properties has established itself as a robust player in the REIT market, continuing to focus on growth, quality, and investor returns.
A Who Owns Armada Hoffler Properties, Inc. (AHH)
Company Overview
Armada Hoffler Properties, Inc. (AHH) is a publicly traded real estate investment trust (REIT) that focuses on the development, construction, and management of high-quality commercial and multifamily properties. The company was founded in 2001 and is headquartered in Virginia Beach, Virginia.
Ownership Structure
The ownership of Armada Hoffler Properties, Inc. is comprised of institutional investors, individual shareholders, and company executives. As of the latest reports, the ownership distribution is as follows:
| Shareholder Type | Ownership Percentage | Share Count |
|---|---|---|
| Institutional Investors | 66.12% | 22,394,000 |
| Individual Shareholders | 28.57% | 9,780,000 |
| Company Executives and Directors | 5.31% | 1,125,000 |
Major Institutional Investors
Several key institutional investors hold substantial stakes in AHH. The following table lists the top institutional shareholders:
| Institution | Ownership Percentage | Share Count |
|---|---|---|
| The Vanguard Group, Inc. | 12.20% | 4,200,000 |
| BlackRock, Inc. | 10.50% | 3,620,000 |
| Wellington Management Co. LLP | 8.90% | 3,080,000 |
Executive Ownership
The management team of Armada Hoffler Properties, Inc. also holds shares in the company, aligning their interests with those of the shareholders. The following table details the ownership by the executive team:
| Name | Position | Ownership Percentage | Share Count |
|---|---|---|---|
| Daniel Hoffler | CEO | 1.85% | 630,000 |
| William B. C. Smith | President | 1.24% | 420,000 |
| Beverly J. Dugan | CFO | 0.79% | 270,000 |
Recent Stock Performance
As of October 2023, AHH’s stock performance has reflected the ongoing trends in the real estate market. The closing price on October 20, 2023, was $15.43 per share. The market capitalization is approximately $740 million.
Dividend Information
Armada Hoffler Properties, Inc. has a consistent dividend payout policy. The current annual dividend is $0.82 per share, yielding approximately 5.31% based on the latest stock price.
Conclusion
The ownership of Armada Hoffler Properties, Inc. is primarily dominated by institutional investors, with significant stakes from individual shareholders and executive team members. The company has shown resilience in stock performance and maintains a strong dividend distribution.
Armada Hoffler Properties, Inc. (AHH) Mission Statement
Company Overview
Armada Hoffler Properties, Inc. (NYSE: AHH) is a real estate investment trust (REIT) that focuses on the development, construction, and management of a diversified portfolio of retail, residential, and office properties. The company is headquartered in Virginia Beach, Virginia.
Mission Statement
The mission of Armada Hoffler Properties is to create long-term value by developing, acquiring, and managing high-quality, income-producing properties in the Mid-Atlantic and Southeastern United States. The company aims to offer exceptional opportunities for investors, tenants, and employees alike.
Core Values
- Integrity: Committed to ethical practices in all operations.
- Innovation: Fostering a culture of creativity in property development.
- Excellence: Striving for the highest quality in service and product delivery.
- Sustainability: Promoting environmentally responsible practices.
Recent Financial Performance
As of Q3 2023, Armada Hoffler Properties reported the following financial metrics:
| Metric | Q3 2023 Amount | Year-over-Year Change |
|---|---|---|
| Revenue | $85.5 million | +7.4% |
| Net Income | $12.3 million | -2.1% |
| FFO (Funds from Operations) | $20.1 million | +5.0% |
| Debt to Equity Ratio | 0.95 | Stable |
| Dividend Payout | $0.20 per share | +10.0% |
Strategic Objectives
The strategic objectives guiding Armada Hoffler Properties include:
- Expand the property portfolio in key growth markets.
- Enhance operational efficiency and tenant satisfaction.
- Invest in sustainable building practices.
- Deliver consistent returns to shareholders through dividends and capital appreciation.
Investment Strategy
Armada Hoffler Properties emphasizes a balanced investment strategy encompassing:
- Developing mixed-use properties that cater to diverse needs.
- Acquiring income-producing properties with strong cash flow potential.
- Focusing on markets with robust economic growth indicators.
Community Engagement
The company actively engages in community initiatives including:
- Volunteering for local charities and non-profits.
- Supporting local economies through job creation in the regions where they operate.
- Implementing environmentally friendly practices in all developments.
How Armada Hoffler Properties, Inc. (AHH) Works
Overview of Armada Hoffler Properties, Inc.
Armada Hoffler Properties, Inc. is a publicly traded real estate investment trust (REIT) that focuses on owning, operating, and developing high-quality commercial and residential properties. Established in 2003 and headquartered in Virginia Beach, Virginia, it operates primarily in the Southeastern and Mid-Atlantic regions of the United States.
Business Segments
AHH generates revenue through the following business segments:
- Multifamily Development
- Commercial Development
- Property Management
Financial Performance
For the fiscal year 2022, Armada Hoffler reported the following financial figures:
| Financial Metric | 2022 Amount |
|---|---|
| Total Revenue | $151.3 million |
| Net Income | $11.8 million |
| Funds from Operations (FFO) | $34.5 million |
| Total Assets | $1.51 billion |
| Shareholder Equity | $703.2 million |
Portfolio Composition
As of the end of 2022, AHH's real estate portfolio consisted of:
| Property Type | Total Properties | Total Square Footage |
|---|---|---|
| Multifamily | 3 | 1,036,000 sq ft |
| Office | 5 | 1,215,000 sq ft |
| Retail | 4 | 532,000 sq ft |
| Mixed-Use | 2 | 868,000 sq ft |
Dividend Policy
AHH has a history of paying consistent dividends:
| Year | Dividend per Share |
|---|---|
| 2020 | $0.66 |
| 2021 | $0.68 |
| 2022 | $0.70 |
| 2023 | $0.72 (Projected) |
Market Position and Strategy
Armada Hoffler focuses on high-growth markets, employing a strategy that includes:
- Identifying urban infill locations
- Developing sustainable buildings
- Forming strategic partnerships for joint ventures
Recent Developments
In 2023, AHH announced a new multifamily development project with an estimated cost of $50 million, expected to generate approximately 275 units in a prime urban area.
Stock Performance
As of October 2023, Armada Hoffler's stock price was approximately:
| Date | Stock Price (USD) |
|---|---|
| October 1, 2023 | $13.75 |
| September 1, 2023 | $12.90 |
| August 1, 2023 | $13.00 |
Conclusion of Financial Reporting
Armada Hoffler Properties, Inc. continues to focus on enhancing its asset base while providing value to its shareholders through dividends and capital appreciation.
How Armada Hoffler Properties, Inc. (AHH) Makes Money
Revenue Streams
Armada Hoffler Properties, Inc. generates revenue primarily through its real estate investment and development operations. Key components include:
- Residential properties
- Commercial properties
- Development and construction services
Real Estate Investments
As of the end of Q3 2023, AHH's total investment portfolio consists of:
| Property Type | Number of Properties | Square Footage | Occupancy Rate |
|---|---|---|---|
| Residential | 11 | 3,800,000 sq ft | 95% |
| Commercial | 24 | 4,200,000 sq ft | 92% |
| Mixed-Use | 4 | 1,000,000 sq ft | 90% |
Rental Income
In 2022, AHH reported a total rental income of approximately $56 million, a year-over-year increase of 4.5% from 2021. The breakdown of rental income sources is as follows:
| Rental Income Source | Amount ($ Million) | Percentage of Total Rental Income |
|---|---|---|
| Residential | 22.5 | 40% |
| Commercial | 30.5 | 55% |
| Mixed-Use | 3 | 5% |
Development Projects
Armada Hoffler has an ongoing pipeline valued at approximately $500 million as of October 2023, including:
- Residential developments: $250 million
- Commercial developments: $200 million
- Mixed-use developments: $50 million
Construction Services
In addition to real estate investments, AHH's construction services contributed approximately $75 million in revenue for FY 2022. The services offered include:
- General contracting
- Project management
- Design-build services
Capital Markets and Financing
AHH utilizes various financing methods to fund its operations and development projects, including:
- Equity offerings
- Debt financing
- Joint ventures
As of Q3 2023, the company had a total debt of approximately $200 million, with a debt-to-equity ratio of 0.7.
Market Performance
Armada Hoffler's stock performance reflects its financial health, with a market capitalization of approximately $900 million as of October 2023. The company's stock has shown a price growth of around 12% year-to-date.
Dividend Payments
AHH has consistently paid dividends, with a current annualized dividend yield of 5.5%. The dividend payout ratio stands at 65% of funds from operations (FFO), which was about $1.25 per share for FY 2022.
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