earnings
confidence high
sentiment negative
materiality 0.75
Armada Hoffler Q4 Normalized FFO $0.27; issues 2025 guidance of $1.00-$1.10, down from $1.29
AH Realty Trust, Inc.
2024-FY EPS reported
$0.34
revenue$708,470,000
- Q4 2024 GAAP net income $26.1M ($0.26/diluted share), vs Q4 2023 net loss of $23.9M ($0.27 loss).
- Normalized FFO per diluted share: Q4 $0.27, full year 2024 $1.29 (vs $1.24 in 2023).
- Office same-store NOI growth 12.3% (GAAP); office releasing spreads 18.7% (GAAP) and 3.5% (cash).
- Company introduces 2025 Normalized FFO guidance of $1.00-$1.10 per diluted share, below 2024's $1.29.
- Portfolio occupancy 96.0% as of Dec 31, 2024; retail renewal spreads 11.1% (GAAP) and 2.9% (cash).