Armada Hoffler Properties Management

Management criteria checks 3/4

Armada Hoffler Properties' CEO is Lou Haddad, appointed in Jan 2012, has a tenure of 12.83 years. total yearly compensation is $2.54M, comprised of 41.6% salary and 58.4% bonuses, including company stock and options. directly owns 0.72% of the company’s shares, worth €7.80M. The average tenure of the management team and the board of directors is 12.3 years and 11.5 years respectively.

Key information

Lou Haddad

Chief executive officer

US$2.5m

Total compensation

CEO salary percentage	41.6%
CEO tenure	12.8yrs
CEO ownership	0.7%
Management average tenure	12.3yrs
Board average tenure	11.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Lou Haddad's remuneration changed compared to Armada Hoffler Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$15m
Jun 30 2024	n/a	n/a	-US$3m
Mar 31 2024	n/a	n/a	US$6m
Dec 31 2023	US$3m	US$1m	-US$3m
Sep 30 2023	n/a	n/a	US$24m
Jun 30 2023	n/a	n/a	US$46m
Mar 31 2023	n/a	n/a	US$58m
Dec 31 2022	US$3m	US$1m	US$63m
Sep 30 2022	n/a	n/a	US$55m
Jun 30 2022	n/a	n/a	US$32m
Mar 31 2022	n/a	n/a	US$15m
Dec 31 2021	US$2m	US$1m	US$10m
Sep 30 2021	n/a	n/a	US$11m
Jun 30 2021	n/a	n/a	US$14m
Mar 31 2021	n/a	n/a	US$18m
Dec 31 2020	US$2m	US$862k	US$22m
Sep 30 2020	n/a	n/a	US$26m
Jun 30 2020	n/a	n/a	US$26m
Mar 31 2020	n/a	n/a	US$23m
Dec 31 2019	US$2m	US$940k	US$22m
Sep 30 2019	n/a	n/a	US$14m
Jun 30 2019	n/a	n/a	US$11m
Mar 31 2019	n/a	n/a	US$11m
Dec 31 2018	US$2m	US$780k	US$17m
Sep 30 2018	n/a	n/a	US$18m
Jun 30 2018	n/a	n/a	US$21m
Mar 31 2018	n/a	n/a	US$20m
Dec 31 2017	US$1m	US$634k	US$12m

Compensation vs Market: Lou's total compensation ($USD2.54M) is above average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Lou's compensation has been consistent with company performance over the past year.

CEO

Lou Haddad (66 yo)

12.8yrs

Tenure

US$2,541,650

Compensation

Mr. Louis S. Haddad, also known as Lou, serves as Executive Chairman of Armada Hoffler Properties, Inc. since June 12, 2024 and served as its Vice Chairman since 2019 until June 12, 2024 and was its Presid...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Louis Haddad	Executive Chairman & CEO	12.8yrs	US$2.54m	0.72% € 7.8m
Shawn Tibbetts	President & COO	5.3yrs	US$1.33m	0.085% € 915.8k
Matthew Barnes-Smith	CFO, Treasurer & Corporate Secretary	2.7yrs	US$647.75k	0.016% € 177.1k
Eric Apperson	President of Construction	11.8yrs	US$892.65k	0.068% € 728.3k
Shelly Hampton	President of Asset Management	13.8yrs	US$899.34k	0.13% € 1.4m
Chelsea Forrest	Director of Corporate Communications	no data	no data	no data
William Harvey	Executive Vice President of Construction & Business Development	no data	no data	no data
John Davis	Executive Vice President of Construction	no data	no data	no data
Alan Hunt	Executive Vice President of Construction	17.8yrs	no data	no data

12.3yrs

Average Tenure

58yo

Average Age

Experienced Management: 791's management team is seasoned and experienced (12.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Louis Haddad	Executive Chairman & CEO	11.8yrs	US$2.54m	0.72% € 7.8m
A. Kirk	Director	11.5yrs	US$102.57k	0.20% € 2.2m
F. Wimbush	Independent Director	less than a year	no data	0.022% € 239.3k
Daniel Hoffler	Chairman Emeritus	11.5yrs	US$549.73k	0.33% € 3.6m
George Allen	Independent Director	11.5yrs	US$110.05k	0.037% € 401.3k
James Cherry	Independent Director	11.5yrs	US$110.05k	0.066% € 707.7k
Eva S. Hardy	Lead Independent Director	9.7yrs	US$115.05k	0.025% € 267.7k
James Carroll	Independent Director	11.5yrs	US$112.55k	0.049% € 528.2k
Dennis Gartman	Independent Director	2.3yrs	US$111.50k	0.034% € 367.1k

11.5yrs

Average Tenure

73yo

Average Age

Experienced Board: 791's board of directors are seasoned and experienced ( 11.5 years average tenure).

Armada Hoffler Properties Management

Management criteria checks 3/4

Key information

Recent management updates

Armada Hoffler Properties, Inc. Announces Chief Executive Officer Changes

President of Construction recently sold €426k worth of stock

Armada Hoffler Properties, Inc., Annual General Meeting, Jun 12, 2024

Armada Hoffler Announces Appointment of F. Blair Wimbush to the Board of Directors

Armada Hoffler Announces John W. to Retire from Board of Directors

Armada Hoffler Properties, Inc. Announces Chief Executive Officer Changes

Recent updates

Armada Hoffler Properties, Inc. Announces Chief Executive Officer Changes

Third quarter 2024 earnings released: FFO per share: US$0.2 (vs US$0.41 in 3Q 2023)

New minor risk - Shareholder dilution

Armada Hoffler Properties, Inc. to Report Q3, 2024 Results on Nov 05, 2024

New minor risk - Shareholder dilution

Armada Hoffler Properties, Inc. has completed a Follow-on Equity Offering in the amount of $94.5 million.

Armada Hoffler Properties, Inc. has completed a Follow-on Equity Offering in the amount of $9.45 million.

Second quarter dividend of US$0.20 announced

Second quarter 2024 earnings released: EPS: US$0.004 (vs US$0.13 in 2Q 2023)

Armada Hoffler Properties, Inc. to Report Q2, 2024 Results on Aug 07, 2024

Upcoming dividend of US$0.20 per share

First quarter dividend of US$0.20 announced

Armada Hoffler Declares Second Quarter Cash Dividend on Common Shares, Payable on July 5, 2024

Now 21% undervalued

President of Construction recently sold €426k worth of stock

First quarter 2024 earnings released: EPS: US$0.22 (vs US$0.027 in 1Q 2023)

Armada Hoffler Properties, Inc., Annual General Meeting, Jun 12, 2024

Armada Hoffler Properties, Inc. to Report Q1, 2024 Results on May 09, 2024

Armada Hoffler Announces Appointment of F. Blair Wimbush to the Board of Directors

Upcoming dividend of US$0.20 per share

New major risk - Revenue and earnings growth

Armada Hoffler Announces John W. to Retire from Board of Directors

New major risk - Revenue and earnings growth

Fourth quarter dividend of US$0.20 announced

Full year 2023 earnings released: FFO per share: US$1.0 (vs US$1.58 in FY 2022)

Armada Hoffler Announces Quarterly Cash Dividend , Payable on April 4, 2024

Armada Hoffler Properties, Inc. Announces Chief Executive Officer Changes

Armada Hoffler Properties, Inc. to Report Q4, 2023 Results on Feb 22, 2024

Upcoming dividend of US$0.20 per share at 6.1% yield

Armada Hoffler Properties, Inc. Declares the Cash Dividend for the Fourth Quarter of 2023, Payable on January 4, 2024

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.06 (vs US$0.38 in 3Q 2022)

Armada Hoffler Properties, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of US$0.20 per share at 7.0% yield

Armada Hoffler Declares the Cash Dividend for the Third Quarter of 2023, Payable on October 5, 2023

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$0.17 (vs US$0.31 in 2Q 2022)

Armada Hoffler Properties, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of US$0.20 per share at 6.2% yield

Armada Hoffler Properties, Inc. (NYSE:AHH) announces an Equity Buyback.

Armada Hoffler Properties, Inc. (NYSE:AHH) completed the acquisition of The Interlock from SJC Ventures, LLC.

Armada Hoffler Properties, Inc. Declares Quarterly Cash Dividend

First quarter 2023 earnings released: EPS: US$0.035 (vs US$0.11 in 1Q 2022)

Armada Hoffler Properties, Inc. (NYSE:AHH) agreed to acquire The Interlock from SJC Ventures, LLC for approximately $220 million.

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.19 per share at 6.5% yield

Now 22% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$1.22 (vs US$0.17 in FY 2021)

Armada Hoffler Properties, Inc. to Report Q4, 2022 Results on Feb 14, 2023

Upcoming dividend of US$0.19 per share

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.50 (vs US$0.059 in 3Q 2021)

Armada Hoffler Properties, Inc. Provides Earnings Guidance for the Year 2022

Armada Hoffler Properties, Inc. Declares Cash Dividend for the Fourth Quarter of 2022, Payable on January 5, 2023

Armada Hoffler Properties, Inc. to Report Q3, 2022 Results on Nov 08, 2022

Upcoming dividend of US$0.19 per share

Second quarter 2022 earnings released: EPS: US$0.45 (vs US$0.069 in 2Q 2021)

Armada Hoffler Properties Announces Cash Dividend for the Third Quarter of 2022, Payable on October 6, 2022

An unknown buyer acquired The Residences at Annapolis Junction from Armada Hoffler Properties, Inc. (NYSE:AHH) for $150 million.

Armada Hoffler Properties, Inc. Announces Addition of Dennis Gartman to Board of Directors

An unknown buyer acquired 2 Single Tenant Assets Leased to Costco and Home Depot,Located in Durham, North Carolina from Armada Hoffler Properties, Inc. (NYSE:AHH) for $24 million.

Armada Hoffler Properties, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Upcoming dividend of US$0.17 per share

Armada Hoffler Announces Stepping Down of Dorothy McAuliffe from Board of Directors

Armada Hoffler Properties Announces Cash Dividend for the Second Quarter of 2022, Payable on July 7, 2022

Armada Hoffler Properties, Inc. Reports Impairment Charges for the First Quarter Ended March 31, 2022

First quarter 2022 earnings released: EPS: US$0.15 (vs US$0.039 in 1Q 2021)

Insufficient new directors

An unknown buyer acquired Summit Place in Charleston, South Carolina from Armada Hoffler Properties, Inc. (NYSE:AHH).