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
Average dividend payer and slightly overvalued.
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.
7 Day Return
1 Year Return
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.
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
1 week ago | Simply Wall StUpdate: Armada Hoffler Properties (NYSE:AHH) Stock Gained 37% In The Last Year
1 month ago | Simply Wall StDoes Armada Hoffler Properties, Inc. (NYSE:AHH) Create Value For Shareholders?
2 months ago | Simply Wall StHave Insiders Been Buying Armada Hoffler Properties, Inc. (NYSE:AHH) Shares This Year?
Is Armada Hoffler Properties undervalued compared to its fair value and its price relative to the market?
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).
How is Armada Hoffler Properties forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
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
How has Armada Hoffler Properties performed over the past 5 years?
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.
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 ($1.2B).
Debt to Equity History and Analysis
Debt Level: AHH's debt to equity ratio (127.8%) is considered high.
Reducing Debt: AHH's debt to equity ratio has reduced from 183% to 127.8% over the past 5 years.
Debt Coverage: AHH's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: AHH's interest payments on its debt are not well covered by EBIT (2.8x coverage).
What is Armada Hoffler Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AHH's dividend (4.71%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: AHH's dividend (4.71%) is in the top 25% of dividend payers in the US market (3.42%)
Stability and Growth of Payments
Stable Dividend: AHH has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: AHH's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.4%), AHH's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AHH's dividends in 3 years are forecast to be covered by earnings (59.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lou Haddad (62 yo)
Mr. Louis S. Haddad, also known as Lou, serves as Vice Chairman of Armada Hoffler Properties, Inc., and its President and Chief Executive Officer since 2012 also its Director since 2013. Mr. Haddad has vas...
CEO Compensation Analysis
Compensation vs Market: Lou's total compensation ($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.
Experienced Management: AHH's management team is seasoned and experienced (9.3 years average tenure).
Experienced Board: AHH's board of directors are considered experienced (8 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.4%.
Armada Hoffler Properties, Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- Armada Hoffler Properties, Inc.
- 222 Central Park Avenue
- Suite 2100
- Virginia Beach
- United States
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||2021/05/06 22:53|
|End of Day Share Price||2021/05/06 00:00|
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.