Armada Hoffler Q1 net income $0.17/diluted; normalized FFO $0.33; reaffirms FY2024 guidance

AH Realty Trust, Inc.

2024-Q1 EPS reported $0.17 revenue$193,482,000

Net income $14.8M ($0.17/diluted) vs $2.4M ($0.03) YoY; Normalized FFO $0.33/diluted.
Multifamily same-store NOI grew 2.6% (GAAP); commercial lease renewal spreads +11.5% GAAP.
Maintained 2024 normalized FFO guidance of $1.21-$1.27 per diluted share.
Total debt $1.43B, 93.8% fixed/hedged, weighted avg interest rate 4.4%.
Portfolio occupancy 94.7% (down from 95.6% in Q4 2023); AFFO per share $0.27, up 17.4% YoY.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AH Realty Trust, Inc. reported three months ended March 31, 2024 results: net income $14.8 million, EPS $0.17 per diluted share. Guidance reaffirmed.

Period: three months ended March 31, 2024
Net income: $14.8 million
EPS: $0.17 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net income attributable to common stockholders and OP Unit holders of $14.8 million, or $0.17 per diluted share, compared to $2.4 million, or $0.03 per diluted share, for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0001569187-24-000070

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