earnings
confidence high
sentiment negative
materiality 0.75
Armada Hoffler Q1 2025: GAAP net loss $0.07/share; Normalized FFO $0.25; maintains FY guidance
AH Realty Trust, Inc.
2025-Q1 EPS reported
-$0.07
revenue$114,643,000
- Net loss of $7.2M ($0.07/diluted) vs net income of $14.8M ($0.17) in Q1 2024.
- Normalized FFO of $0.25/diluted share, down from $0.34 in Q1 2024; full-year guidance unchanged at $1.00-$1.10.
- Office same-store NOI grew 9.2% GAAP; office releasing spreads +23.3% GAAP, +3.7% cash; retail renewal spreads +11.0% GAAP, +7.4% cash.
- Portfolio occupancy 95.7% weighted avg; 313K sq ft of new/renewed commercial leases executed.
- 100% fixed/hedged debt; net debt/EBITDAre 7.1x; stabilized portfolio debt/EBITDAre 5.4x.