earnings
confidence high
sentiment positive
materiality 0.70
Armada Hoffler Q3 net income $0.38/diluted share; raises 2022 FFO guidance to $1.18-$1.20
AH Realty Trust, Inc.
2022-Q3 EPS reported
$0.81
revenue$302,549,000
- Net income $33.9M ($0.38/diluted) vs $4.9M ($0.06) YoY; Normalized FFO $0.29/diluted share.
- 2022 full-year Normalized FFO guidance raised to $1.18-$1.20 per diluted share.
- Retail occupancy reached all-time high of 98%; new apartment lease rates up nearly 9%.
- Executed 78,000 SF of new office leases at Harbor Point and Town Center.