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Armada Hoffler Properties

Market Cap

US$1.1b

Last Updated

2021/05/06 22:53 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. More Details


Snowflake Analysis

Average dividend payer and slightly overvalued.


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

Stable Share Price: AHH is less volatile than 75% 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.


Market Performance


7 Day Return

-0.9%

AHH

-1.6%

US REITs

-1.7%

US Market


1 Year Return

63.2%

AHH

32.1%

US REITs

51.8%

US Market

Return vs Industry: AHH exceeded the US REITs industry which returned 33.5% over the past year.

Return vs Market: AHH exceeded the US Market which returned 52.8% over the past year.


Shareholder returns

AHHIndustryMarket
7 Day-0.9%-1.6%-1.7%
30 Day4.1%3.0%1.5%
90 Day19.9%10.4%3.1%
1 Year68.8%63.2%37.6%32.1%54.4%51.8%
3 Year13.3%-2.4%40.4%23.4%63.0%52.8%
5 Year45.6%12.5%49.3%19.3%127.2%101.9%

Long-Term 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

Valuation

Is Armada Hoffler Properties undervalued compared to its fair value and its price relative to the market?

17.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AHH ($13.58) is trading below our estimate of fair value ($16.44)

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 (47x) compared to the US REITs industry average (45.9x).

PE vs Market: AHH is poor value based on its PE Ratio (47x) compared to the US market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: AHH is poor value based on its PEG Ratio (24.8x)


Price to Book Ratio

PB vs Industry: AHH is good value based on its PB Ratio (1.1x) compared to the US REITs industry average (1.8x).


Future Growth

How is Armada Hoffler Properties forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

1.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AHH's forecast earnings growth (1.9% per year) is below the savings rate (2%).

Earnings vs Market: AHH's earnings (1.9% per year) are forecast to grow slower than the US market (15.7% per year).

High Growth Earnings: AHH's earnings are forecast to grow, but not significantly.

Revenue vs Market: AHH's revenue is expected to decline over the next 3 years (-15.3% per year).

High Growth Revenue: AHH's revenue is forecast to decline over the next 3 years (-15.3% 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?

-11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AHH has a large one-off gain of $6.6M impacting its March 31 2021 financial results.

Growing Profit Margin: AHH's current net profit margins (4.5%) are lower than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: AHH's earnings have declined by 11.1% per year over the past 5 years.

Accelerating Growth: AHH's earnings growth over the past year (15.4%) exceeds its 5-year average (-11.1% per year).

Earnings vs Industry: AHH earnings growth over the past year (15.4%) exceeded the REITs industry -8.5%.


Return on Equity

High ROE: AHH's Return on Equity (4.4%) is considered low.


Financial Health

How is Armada Hoffler Properties's financial position?


Financial Position Analysis

Short Term Liabilities: AHH's short term assets ($226.8M) exceed its short term liabilities ($15.6M).

Long Term Liabilities: AHH's short term assets ($226.8M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: AHH's debt to equity ratio (127.8%) is considered high.

Reducing Debt: AHH's debt to equity ratio has reduced from 183% to 127.8% over the past 5 years.

Debt Coverage: AHH's debt is not well covered by operating cash flow (9.4%).

Interest Coverage: AHH's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

What is Armada Hoffler Properties's current dividend yield, its reliability and sustainability?

4.71%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 07 2021Ex Dividend DateJun 29 2021Dividend Pay DateJul 08 20219 days from Ex DividendBuy in the next 53 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: AHH's dividend (4.71%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: AHH's dividend (4.71%) is in the top 25% of dividend payers in the US market (3.42%)


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 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.4%), 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 (59.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.3yrs

Average management tenure


CEO

Lou Haddad (62 yo)

9.33yrs

Tenure

US$2,129,182

Compensation

Mr. Louis S. Haddad, also known as Lou, serves as Vice Chairman of Armada Hoffler Properties, Inc., and its President and Chief Executive Officer since 2012 also its Director since 2013. Mr. Haddad has vas...


CEO Compensation Analysis

Compensation vs Market: Lou's total compensation ($USD2.13M) is about average for companies of similar size in the US market ($USD2.34M).

Compensation vs Earnings: Lou's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: AHH's management team is seasoned and experienced (9.3 years average tenure).


Board Members

Experienced Board: AHH's board of directors are considered experienced (8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.4%.


Top Shareholders

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
  • Implied Market Cap: US$1.095b
  • Market Cap: US$819.021m
  • Shares outstanding: 81.16m
  • 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


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/06 22:53
End of Day Share Price2021/05/06 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.