Armada Hoffler Properties
Market Cap
US$1.4b
Last Updated
2019/10/23 00:28 UTC
Data Sources
Company Financials +
Executive Summary
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.
Snowflake
Fundamentals
Moderate growth potential second-rate dividend payer.
Similar Companies
Share Price & News
How has Armada Hoffler Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.3%
AHH
0.9%
US REITs
0.07%
US Market
1 Year Return
21.2%
AHH
21.8%
US REITs
8.9%
US Market
Return vs Industry: AHH matched the US REITs industry which returned 21.8% over the past year.
Return vs Market: AHH exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| AHH | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 0.9% | 0.07% |
| 30 Day | 0.4% | 2.2% | -0.3% |
| 90 Day | 9.9% | 7.9% | -1.6% |
| 1 Year | 27.7%21.2% | 27.0%21.8% | 11.3%8.9% |
| 3 Year | 59.1%35.4% | 37.5%20.2% | 46.3%36.8% |
| 5 Year | 162.4%97.0% | 65.5%30.4% | 62.1%44.3% |
Price Volatility Vs. Market
How volatile is Armada Hoffler Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Read This Before Selling Armada Hoffler Properties, Inc. (NYSE:AHH) Shares1 month ago | Simply Wall St
It Might Be Better To Avoid Armada Hoffler Properties, Inc.'s (NYSE:AHH) Upcoming 1.2% Dividend1 month ago | Simply Wall St
Is Armada Hoffler Properties, Inc. (NYSE:AHH) A Healthy REIT?Valuation
Is Armada Hoffler Properties undervalued compared to its fair value and its price relative to the market?
15.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AHH ($18.32) is trading below our estimate of fair value ($21.64)
Significantly Below Fair Value: AHH is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AHH is poor value based on its PE Ratio (54.6x) compared to the REITs industry average (37.3x).
PE vs Market: AHH is poor value based on its PE Ratio (54.6x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: AHH is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: AHH is overvalued based on its PB Ratio (2.5x) compared to the US REITs industry average (2.1x).
Next Steps
Future Growth
How is Armada Hoffler Properties forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
29.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AHH's forecast earnings growth (29.5% per year) is above the savings rate (2.7%).
Earnings vs Market: AHH's earnings (29.5% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AHH's revenue (2.3% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: AHH's revenue (2.3% per year) is forecast to grow slower than 20% 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
Next Steps
Past Performance
How has Armada Hoffler Properties performed over the past 5 years?
5.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: AHH's earnings have grown by 5.3% 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 (-22%) over the past year, making it difficult to compare to the REITs industry average (16.9%).
Return on Equity
High ROE: AHH's Return on Equity (3.8%) is considered low.
Return on Assets
ROA vs Industry: AHH's Return on Assets is below or equal to the REITs industry average last year.
Return on Capital Employed
ROCE Improving: AHH's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Armada Hoffler Properties's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: AHH has a high level of physical assets or inventory.
Debt Coverage by Assets: AHH's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: AHH's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if AHH has a sufficient allowance for bad loans.
Low Risk Liabilities: AHH reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AHH has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AHH has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AHH has an appropriate level of bad loans.
Next Steps
Dividend
What is Armada Hoffler Properties's current dividend yield, its reliability and sustainability?
4.59%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: AHH's dividend (4.59%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: AHH's dividend (4.59%) is in the top 25% of dividend payers in the US market (3.68%)
Stable Dividend: Whilst dividend payments have been stable, AHH has been paying a dividend for less than 10 years.
Growing Dividend: AHH's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (79.4%), AHH's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Armada Hoffler Properties's salary, the management and board of directors tenure and is there insider trading?
7.8yrs
Average management tenure
CEO
Lou Haddad (61yo)
7.8yrs
Tenure
US$1,708,999
Compensation
Mr. Louis S. Haddad, also known as Lou, serves as President, Chief Executive Officer and Director of Armada Hoffler Properties, Inc. Mr. Haddad has more than 25 years of experience in the commercial real e ...
CEO Compensation Analysis
Compensation vs. Market: Lou's total compensation ($USD1.71M) is about average for companies of similar size in the US market ($USD4.07M).
Compensation vs Earnings: Lou's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
7.8yrs
Average Tenure
59yo
Average Age
Experienced Management: AHH's management team is seasoned and experienced (7.8 years average tenure).
Board Age and Tenure
6.4yrs
Average Tenure
69.5yo
Average Age
Experienced Board: AHH's board of directors are considered experienced (6.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 15,000 |
| Max Price | US$15.31 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 15,000 |
| Max Price | US$14.82 |
Ownership Breakdown
Management Team
Daniel Hoffler (71yo)
Executive Chairman of the Board
- Tenure: 6.4yrs
- Compensation: US$553.95k
Shawn Tibbetts
Chief Operating Officer
- Tenure: 0.2yrs
Eric Apperson (55yo)
President of Construction
- Tenure: 0yrs
- Compensation: US$713.05k
Lou Haddad (61yo)
President
- Tenure: 7.8yrs
- Compensation: US$1.71m
Chris Harvey (45yo)
Executive Vice President of Construction & Business Development
- Tenure: 0yrs
Mike O’Hara (59yo)
CFO, Treasurer & Secretary
- Tenure: 7.8yrs
- Compensation: US$656.87k
John Davis (59yo)
Executive Vice President of Construction
- Tenure: 0yrs
Shelly Hampton (51yo)
President of Asset Management
- Tenure: 7.8yrs
- Compensation: US$557.01k
Alan Hunt (59yo)
Executive Vice President of Construction
- Tenure: 12.8yrs
Bernard Shumate
Executive VP & Head of Development
- Tenure: 1.8yrs
Board Members
John Snow (80yo)
Lead Independent Director
- Tenure: 6.4yrs
- Compensation: US$86.40k
A. Kirk (71yo)
Vice Chairman of the Board
- Tenure: 6.4yrs
- Compensation: US$235.20k
Daniel Hoffler (71yo)
Executive Chairman of the Board
- Tenure: 6.4yrs
- Compensation: US$553.95k
George Allen (67yo)
Independent Director
- Tenure: 6.4yrs
- Compensation: US$76.40k
James Cherry (68yo)
Independent Director
- Tenure: 6.4yrs
- Compensation: US$81.40k
Eva S. Hardy (74yo)
Independent Director
- Tenure: 4.6yrs
- Compensation: US$76.40k
Lou Haddad (61yo)
President
- Tenure: 7.8yrs
- Compensation: US$1.71m
James Carroll (51yo)
Independent Director
- Tenure: 6.4yrs
- Compensation: US$76.40k
Dorothy McAuliffe
Independent Director
- Tenure: 0.08yrs
Company Information
Armada Hoffler Properties, Inc.'s company bio, 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
- Market Cap: US$1.356b
- Shares outstanding: 74.03m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AHH | NYSE (New York Stock Exchange) | Yes | New Common Stock | US | USD | May 2013 |
| AHH.PRA | NYSE (New York Stock Exchange) | 6.75 CUM PFD A | US | USD | Jun 2019 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 00:28 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.