earnings
confidence high
sentiment positive
materiality 0.75
Armada Hoffler Q1 normalized FFO $0.30, dividend raised 3%, acquires The Interlock in Atlanta
AH Realty Trust, Inc.
2023-Q1 EPS reported
$0.03
revenue$144,175,000
- Net income of $0.03 diluted EPS vs $0.11 Q1 2022; Normalized FFO $0.30 diluted vs $0.31 last year.
- Same-store NOI grew 4.3% GAAP and 5.3% cash basis for the quarter.
- Quarterly common dividend increased by 3% (payable date and record date not specified).
- Acquired The Interlock, a major mixed-use property in West Midtown Atlanta, off-market.
- Full-year 2023 Normalized FFO guidance maintained at $1.23-$1.27 per diluted share.