earnings
confidence high
sentiment neutral
materiality 0.70
Armada Hoffler Q3 net income $0.06/diluted; normalized FFO $0.31, in-line guidance
AH Realty Trust, Inc.
2023-Q3 EPS reported
$0.22
revenue$476,125,000
- Net income $5.3M ($0.06/diluted) vs $33.9M ($0.38/diluted) Q3 2022.
- Normalized FFO $27.6M ($0.31/diluted) vs $22.7M ($0.26/diluted) YoY.
- Same store NOI growth: 4.4% GAAP, 5.9% cash basis.
- Commercial lease renewal spreads: 14.5% GAAP, 4.9% cash.
- Maintained 2023 full-year normalized FFO guidance $1.23-$1.27/diluted share.