| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
AHH Stock Overview
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.
Armada Hoffler Properties Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$13.63 |
| 52 Week High | US$15.80 |
| 52 Week Low | US$10.62 |
| Beta | 0.82 |
| 1 Month Change | -10.45% |
| 3 Month Change | 2.10% |
| 1 Year Change | 18.42% |
| 3 Year Change | -6.07% |
| 5 Year Change | -2.99% |
| Change since IPO | 17.70% |
Recent News & Updates
Armada Hoffler Properties: Strong Industry Dynamics Coupled With Strong Management Indicate Upside Potential
AHH has a very high-quality portfolio that we believe is seen through their strong occupancy levels currently at 94.1%. We believe going forward AHH's occupancy levels should continue to rise as more and more students return to school in person. We believe AHH represents an attractive investment opportunity backed by decades of experience in the industry by management.
Shareholder Returns
| AHH | US REITs | US Market | |
|---|---|---|---|
| 7D | -4.6% | -4.4% | -4.0% |
| 1Y | 18.4% | 24.7% | 6.6% |
Return vs Industry: AHH underperformed the US REITs industry which returned 24.7% over the past year.
Return vs Market: AHH exceeded the US Market which returned 6.6% over the past year.
Price Volatility
| AHH volatility | |
|---|---|
| AHH Average Weekly Movement | 4.2% |
| REITs Industry Average Movement | 4.0% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: AHH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: AHH's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | 158 | Lou Haddad | https://www.armadahoffler.com |
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.
Armada Hoffler Properties Fundamentals Summary
| AHH fundamental statistics | |
|---|---|
| Market Cap | US$1.19b |
| Earnings (TTM) | US$11.44m |
| Revenue (TTM) | US$312.66m |
104.2x
P/E Ratio3.8x
P/S RatioIs AHH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AHH income statement (TTM) | |
|---|---|
| Revenue | US$312.66m |
| Cost of Revenue | US$187.58m |
| Gross Profit | US$125.08m |
| Expenses | US$113.65m |
| Earnings | US$11.44m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 10, 2022
| Earnings per share (EPS) | 0.13 |
| Gross Margin | 40.01% |
| Net Profit Margin | 3.66% |
| Debt/Equity Ratio | 127.9% |
How did AHH perform over the long term?
See historical performance and comparisonDividends
5.0%
Current Dividend Yield72%
Payout RatioValuation
Is Armada Hoffler Properties undervalued compared to its fair value and its price relative to the market?
39.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AHH ($13.63) is trading below our estimate of fair value ($22.66)
Significantly Below Fair Value: AHH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AHH is poor value based on its PE Ratio (104.2x) compared to the US REITs industry average (44.2x).
PE vs Market: AHH is poor value based on its PE Ratio (104.2x) compared to the US market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: AHH is poor value based on its PEG Ratio (4x)
Price to Book Ratio
PB vs Industry: AHH is overvalued based on its PB Ratio (3.3x) compared to the US REITs industry average (2x).
Future Growth
How is Armada Hoffler Properties forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
26.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AHH's forecast earnings growth (26.3% per year) is above the savings rate (2%).
Earnings vs Market: AHH's earnings (26.3% per year) are forecast to grow faster than the US market (13.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AHH's revenue is expected to decline over the next 3 years (-6.2% per year).
High Growth Revenue: AHH's revenue is forecast to decline over the next 3 years (-6.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AHH's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Armada Hoffler Properties performed over the past 5 years?
-4.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AHH has high quality earnings.
Growing Profit Margin: AHH's current net profit margins (3.7%) are lower than last year (7%).
Past Earnings Growth Analysis
Earnings Trend: AHH's earnings have declined by 4.7% per year over the past 5 years.
Accelerating Growth: AHH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AHH had negative earnings growth (-55.4%) over the past year, making it difficult to compare to the REITs industry average (30.5%).
Return on Equity
High ROE: AHH's Return on Equity (3.5%) is considered low.
Financial Health
How is Armada Hoffler Properties's financial position?
Financial Position Analysis
Short Term Liabilities: AHH's short term assets ($265.4M) exceed its short term liabilities ($86.6M).
Long Term Liabilities: AHH's short term assets ($265.4M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: AHH's net debt to equity ratio (124.1%) is considered high.
Reducing Debt: AHH's debt to equity ratio has reduced from 165.6% to 127.9% over the past 5 years.
Debt Coverage: AHH's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: AHH's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
Dividend
What is Armada Hoffler Properties's current dividend yield, its reliability and sustainability?
4.99%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AHH's dividend (4.99%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: AHH's dividend (4.99%) is in the top 25% of dividend payers in the US market (3.55%)
Stability and Growth of Payments
Stable Dividend: AHH has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: AHH's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.9%), AHH's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AHH's dividends in 3 years are forecast to be covered by earnings (65% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.0yrs
Average management tenure
CEO
Lou Haddad (63 yo)
10yrs
Tenure
US$1,991,076
Compensation
Mr. Louis S. Haddad, also known as Lou, serves as Vice Chairman of Armada Hoffler Properties, Inc since 2019 and its President and Chief Executive Officer since 2012 also its Director since 2013. Mr. Hadda...
CEO Compensation Analysis
Compensation vs Market: Lou's total compensation ($USD1.99M) is about average for companies of similar size in the US market ($USD2.38M).
Compensation vs Earnings: Lou's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: AHH's management team is seasoned and experienced (10 years average tenure).
Board Members
Experienced Board: AHH's board of directors are considered experienced (8.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.9%.
Top Shareholders
Company Information
Armada Hoffler Properties, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Armada Hoffler Properties, Inc.
- Ticker: AHH
- Exchange: NYSE
- Founded: 2012
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: US$1.192b
- Market Cap: US$910.475m
- Shares outstanding: 87.42m
- Website: https://www.armadahoffler.com
Number of Employees
Location
- Armada Hoffler Properties, Inc.
- 222 Central Park Avenue
- Suite 2100
- Virginia Beach
- Virginia
- 23462
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 23:53 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.