AHH has been a disaster investment case. This year, the dividend has been cut, and the share price has declined by ~20% even though relatively recently there was a notable equity raise. The P/FFO multiple has now dropped to a dirt-cheap/hotel-like level.
I view mREITs as a Hold due to yield curve risks, while high-quality equity REITs like Armada Hoffler Properties offer more stable income and upside potential. AHH's leverage is elevated, but manageable if rate cuts arrive within its debt maturity window, reducing refinancing risk. Dividend coverage is robust with a 56% payout ratio and a healthy 14.5% FFO yield, supporting sustainable income despite shrinking FFO.
AHH.PR.A provides investors with a 6.75% fixed dividend payment. The financial position of Armada Hoffler remains strong because it uses 100% fixed-rate debt with an average cost of 4.2%. The portfolio consists of 44% retail, 36% office and 20% multifamily with high occupancy and strong lease structure.
![]() AHH In 3 weeks Estimated | Quarterly | $0.14 Per Share |
![]() AHH 2 months ago Paid | Quarterly | $0.14 Per Share |
![]() AHH 5 months ago Paid | Quarterly | $0.2 Per Share |
![]() AHH 8 months ago Paid | Quarterly | $0.2 Per Share |
![]() AHH 11 months ago Paid | Quarterly | $0.2 Per Share |
![]() AHH 26 Mar 2024 Paid | Quarterly | $0.2 Per Share |
5 Aug 2025 (63 Days) Date | | - Cons. EPS | - EPS |
7 May 2025 Date | | 0.01 Cons. EPS | - EPS |
20 Feb 2025 Date | | 0.04 Cons. EPS | 0.26 EPS |
5 Nov 2024 Date | | 0.06 Cons. EPS | - EPS |
4 Nov 2024 Date | | 0.06 Cons. EPS | - EPS |
![]() AHH In 3 weeks Estimated | Quarterly | $0.14 Per Share |
![]() AHH 2 months ago Paid | Quarterly | $0.14 Per Share |
![]() AHH 5 months ago Paid | Quarterly | $0.2 Per Share |
![]() AHH 8 months ago Paid | Quarterly | $0.2 Per Share |
![]() AHH 11 months ago Paid | Quarterly | $0.2 Per Share |
![]() AHH 26 Mar 2024 Paid | Quarterly | $0.2 Per Share |
5 Aug 2025 (63 Days) Date | | - Cons. EPS | - EPS |
7 May 2025 Date | | 0.01 Cons. EPS | - EPS |
20 Feb 2025 Date | | 0.04 Cons. EPS | 0.26 EPS |
5 Nov 2024 Date | | 0.06 Cons. EPS | - EPS |
4 Nov 2024 Date | | 0.06 Cons. EPS | - EPS |
REIT - Diversified Industry | Real Estate Sector | Mr. Shawn J. Tibbetts CEO | XSTU Exchange | US04208T1088 ISIN |
US Country | 148 Employees | 26 Mar 2025 Last Dividend | - Last Split | - IPO Date |
Armada Hoffler, listed under the New York Stock Exchange symbol AHH, stands as a prime example of vertical integration and self-management in the real estate investment trust (REIT) domain. With its foundations laid in 1979 by Daniel A. Hoffler, the company has amassed over four decades of comprehensive experience in the realms of development, construction, acquisition, and management of high-caliber properties. Primarily focused on the Mid-Atlantic and Southeastern regions of the United States, Armada Hoffler's portfolio prominently features retail, office, and multifamily properties. Opting for taxation as a REIT under U.S. federal income tax legislation, the company aligns its operations with the specific tax benefits and regulatory framework designed for real estate investment entities.
Armada Hoffler offers a diversified suite of products and services, encompassing several aspects of real estate development, construction, and management: