Eric E. Apperson
On May 23, 2025 (the “Resignation Date”), Eric E. Apperson, the former President of Construction of Armada Hoffler Properties, Inc. (the “Company”), resigned from his position as President of Construction of the Company.
Highest-materiality recent filing
AH Realty Trust shareholders elect directors, ratify auditor, approve exec comp at annual meeting
All nine director nominees elected; highest against vote was James C. Cherry with 6,326,369.
AH Realty Trust releases Q1 2026 investor presentation for meetings starting June 1
Presentation references unaudited Q1 2026 financials previously disclosed on May 4, 2026.
AH Realty Trust closes $485M sale of nine multifamily properties, pays down debt
Closed sale of nine multifamily properties to Harbor Group International for $485M; two more under contract for $77M.
AH Realty Trust boosts share repurchase authorization to $100M
Board authorized $50M increase, bringing total capacity to $100M.
GAAP net loss of $33.3M ($0.33/diluted) vs $7.2M loss ($0.07) in Q1 2025; FFO As Adjusted of $0.15/diluted.
AH Realty Trust signs binding agreement to sell 11 multifamily properties to Harbor Group for $562M
11 multifamily assets sold for $562M cash; $15M nonrefundable deposit due at signing.
AH Realty Trust appoints KPMG as auditor, dismisses EY effective Feb 27, 2026
KPMG appointed and EY dismissed as independent auditor effective February 27, 2026.
Armada Hoffler Properties to rebrand as AH Realty Trust effective March 2, 2026
Board approved name change from Armada Hoffler Properties, Inc. to AH Realty Trust, Inc., effective March 2, 2026.
Armada Hoffler Q4 2025 net loss $0.01/share vs net income $0.26 a year ago; Normalized FFO $0.29
GAAP net loss $1.0M (($0.01)/share) in Q4 2025 vs net income $26.1M ($0.26/share) in Q4 2024.
Armada Hoffler grants $2.5M retention LTIP units to two execs, adopts bonus equity program
Retention awards of $1.5M to CEO Tibbetts and $1.0M to CFO Barnes-Smith, vesting over 3 years plus 1-year holding period.
Armada Hoffler Q3 GAAP net loss $0.04/sh, normalized FFO $0.29/sh, guidance unchanged
Net loss attributable to common and OP unitholders of $3.6M ($0.04 diluted) vs loss of $10.4M ($0.11) in Q3 2024.
Armada Hoffler appoints CEO Shawn Tibbetts as Chairman effective Jan 1, 2026
Shawn J. Tibbetts becomes Chairman of the Board while continuing as CEO and President.
Q2 2025 GAAP net income $0.04/diluted; Normalized FFO $0.25, guidance maintained
Net income $3.9M ($0.04/sh) vs $0.4M a year ago; FFO $0.19/sh, down from $0.25/sh.
Armada Hoffler closes $115M private placement of senior unsecured notes in three tranches
Issued $115M senior unsecured notes: $25M Series A (5.57%, due 2028), $45M Series B (5.78%, due 2030), $45M Series C (6.09%, due 2032).
Armada Hoffler Properties appoints KPMG as auditor, dismisses EY after FY 2025 10-K filing
Audit Committee approved KPMG as independent auditor for fiscal year 2026, effective after 2025 10-K filing.
Armada Hoffler approves performance LTIP grants to CEO, CFO; targets tied to TSR and TEV
CEO Shawn Tibbetts receives $7.5M in Performance LTIP Units; CFO Matthew Barnes-Smith receives $3.0M; other management get $4.5M aggregate.
Armada Hoffler Properties corrects resignation date for President of Construction Apperson
Eric E. Apperson resigned as President of Construction effective May 23, 2025.
President of Construction Eric Apperson resigns; receives $1.32M severance, equity acceleration
Eric Apperson resigned as President of Construction effective May 21, 2025.
Armada Hoffler Q1 2025: GAAP net loss $0.07/share; Normalized FFO $0.25; maintains FY guidance
Net loss of $7.2M ($0.07/diluted) vs net income of $14.8M ($0.17) in Q1 2024.
Armada Hoffler to acquire full ownership of Harbor Point Parcel 4 JV for ~$17.8M and new $90M loan
Armada Partner exercises option to buy 13% of Beatty's JV interest for $14.3M; proceeds repay $13.6M of Beatty-affiliate loans.
2025 normalized FFO per diluted share guided at $1.00-$1.10; includes impact of T. Rowe Price and Allied deliveries in Q1 2025.
Armada Hoffler appoints Jennifer Boykin to board; two directors departing at 2025 annual meeting
Jennifer Boykin appointed independent director effective March 1, 2025; board expands to 11 seats.
Armada Hoffler awards ~$2.2M in equity to CEO and CFO; adds Performance LTIP Units
CEO Tibbetts receives $850K time-based and $750K performance LTIP Units; CFO Barnes-Smith receives $325K time-based and $300K performance.
Armada Hoffler Q4 Normalized FFO $0.27; issues 2025 guidance of $1.00-$1.10, down from $1.29
Q4 2024 GAAP net income $26.1M ($0.26/diluted share), vs Q4 2023 net loss of $23.9M ($0.27 loss).
Armada Hoffler appoints Shawn Tibbetts to board effective Jan 1, 2025 as CEO succession nears
Board expanded from 9 to 10; Shawn Tibbetts appointed director effective Jan 1, 2025.
Lou Haddad resigns as CEO effective Dec 31, 2024, remains Executive Chairman through 2025 annual meeting.
Armada Hoffler Q3 2024: GAAP net loss of $10.4M, normalized FFO $0.35, narrows FY guidance
GAAP net loss of $10.4M ($0.11/diluted share) vs net income of $5.3M in Q3 2023.
Armada Hoffler closes 10.35M share offering at $10.50; directors participate
Sold 9M shares at $10.50 plus exercise of 1.35M over-allotment, raising ~$108.7M.
Armada Hoffler Q2 GAAP net income $0.4M, Normalized FFO $0.34/share; maintains 2024 guidance
GAAP net income $0.4M ($0.00/diluted) vs $11.7M ($0.13) in Q2 2023; Normalized FFO $0.34/diluted share.
Armada Hoffler terminates President of Asset Management Shelly Hampton without cause
Shelly Hampton terminated as President of Asset Management effective July 18, 2024, without cause.
Armada Hoffler annual meeting: all proposals approved, directors elected
All nine director nominees elected; George F. Allen received 37.2M for, 17.3M against.
Armada Hoffler adds TD Securities as ATM agent; $204M remaining under $300M facility
Amendment No. 3 adds TD Securities (USA) LLC as agent and The Toronto-Dominion Bank as forward purchaser.
Armada Hoffler Q1 net income $0.17/diluted; normalized FFO $0.33; reaffirms FY2024 guidance
Net income $14.8M ($0.17/diluted) vs $2.4M ($0.03) YoY; Normalized FFO $0.33/diluted.
Armada Hoffler appoints F. Blair Wimbush to Board, effective March 22, 2024
Board increased from 9 to 10 directors; Wimbush fills new vacancy as independent director.
John W. Snow, 84, will not stand for re-election; retirement effective at 2024 annual meeting, no disagreement.
Armada Hoffler Q4 net loss $0.27/sh; normalized FFO $0.31; dividend +5%
Net loss $0.27/diluted share in Q4, full year $0.05; net loss attributable $23.9M in Q4.
Shawn Tibbetts appointed President of Armada Hoffler; CEO Haddad to retire spring 2025
Louis Haddad resigns as President but remains CEO and Board member; Shawn Tibbetts (COO) appointed President effective immediately.
Armada Hoffler Q3 net income $0.06/diluted; normalized FFO $0.31, in-line guidance
Net income $5.3M ($0.06/diluted) vs $33.9M ($0.38/diluted) Q3 2022.
Armada Hoffler amends ATM equity sales agreement; adds agents/forward sellers; ~$205M remaining
Amendment adds Barclays Capital, Stifel as agents/forward sellers; Barclays Bank PLC, Stifel, Baird, Regions as forward purchasers.
Armada Hoffler Q2 net income $0.13/sh; FFO $0.35/sh; maintains FY guidance
Net income $11.7M ($0.13/sh) vs $27.8M ($0.31/sh) in Q2 2022; FFO $31.4M ($0.35/sh) vs $27.0M ($0.31/sh).
Armada Hoffler announces $50M share repurchase program
Board authorized up to $50M share repurchase program covering common and Series A preferred stock.
Armada Hoffler Q1 normalized FFO $0.30, dividend raised 3%, acquires The Interlock in Atlanta
Net income of $0.03 diluted EPS vs $0.11 Q1 2022; Normalized FFO $0.30 diluted vs $0.31 last year.
Armada Hoffler buys Atlanta mixed-use The Interlock for $215M; accretive off-market deal
Acquisition price $215M; 6.5% cash cap rate, 8.0% GAAP cap rate; immediately accretive.
Armada Hoffler amends ATM equity offering agreement; $205M remains available
Amendment to ATM equity offering sales agreement dated February 28, 2023.
Armada Hoffler Q4 EPS $0.13, Normalized FFO $1.22 FY2022; guides 2023 $1.23-$1.27
Net income $0.13/diluted share for Q4 2022 vs. <$0.01 in Q4 2021.
Armada Hoffler Q3 net income $0.38/diluted share; raises 2022 FFO guidance to $1.18-$1.20
Net income $33.9M ($0.38/diluted) vs $4.9M ($0.06) YoY; Normalized FFO $0.29/diluted share.
Armada Hoffler expands Morgan Stanley lease at Harbor Point to 242,000 sq ft through 2035
Morgan Stanley leased an additional 46,000 sq ft, bringing total to 242,000 sq ft.
Armada Hoffler secures $250M revolver and $300M term loan, refinancing prior facilities
New $250M unsecured revolver matures Jan 2027 (two 6-month extensions); $300M term loan matures Jan 2028.
Armada Hoffler Q2 net income $0.31/diluted, Normalized FFO $0.30, raises guidance, dividend up 12%
Net income of $27.8M ($0.31/diluted) vs $5.6M ($0.07) in Q2 2021.
Armada Hoffler appoints Dennis Gartman as independent director effective July 13, 2022
Board size increased from eight to nine; Dennis Gartman appointed to fill the new vacancy.
On May 23, 2025 (the “Resignation Date”), Eric E. Apperson, the former President of Construction of Armada Hoffler Properties, Inc. (the “Company”), resigned from his position as President of Construction of the Company.
On May 21, 2025 (the “Resignation Date”), Eric E. Apperson, the former President of Construction of Armada Hoffler Properties, Inc. (the “Company”), resigned from his position as President of Construction of the Company.
On February 26, 2025, the Board of Directors (the “Board”) of Armada Hoffler Properties, Inc. (the “Company”) increased the size of the Board from 10 directors to 11 directors and appointed Jennifer R. Boykin as an independent director, effective March 1, 2025
On February 26, 2025, A. Russell Kirk informed the Board of his decision not to stand for re-election as a member of the Board at the 2025 Annual Meeting.
the Board approved an automatic reduction of the size of the Board to nine directors upon Mr. Kirk’s retirement from the Board and the expiration of Eva S. Hardy’s term as a director
Louis S. Haddad informed Armada Hoffler Properties, Inc. (the “Company”) of his decision to resign from his position as Chief Executive Officer of the Company (“Chief Executive Officer”), effective December 31, 2024.
the Board appointed Mr. Tibbetts, the Company’s President and Chief Operating Officer, to the position of Chief Executive Officer effective January 1, 2025.
On March 22, 2024, the Board of Directors (the “Board”) of Armada Hoffler Properties, Inc. (the “Company”) increased the size of the Board from nine directors to ten directors and appointed F. Blair Wimbush as an independent director, effective immediately, to fill the vacancy created by the increase in the number of directors.
On February 29, 2024, John W. Snow informed the board of directors (the “Board”) of Armada Hoffler Properties, Inc. (the “Company”) of his decision not to stand for re-election as a member of the Board at the upcoming 2024 annual meeting of stockholders of the Company (the “2024 Annual Meeting”).
Louis S. Haddad informed the board of directors (the “Board”) of Armada Hoffler Properties, Inc. (the “Company”) of his decision to resign from his position as President, effective immediately.
the Board appointed Shawn J. Tibbetts to the position of President, in addition to his current position as the Chief Operating Officer of the Company.
On July 13, 2022, the Board of Directors (the “Board”) of Armada Hoffler Properties, Inc. (the “Company”) increased the size of the Board from eight directors to nine directors and appointed Dennis H. Gartman as an independent director, effective immediately, to fill the vacancy created by the increase in the number of directors.
Max materiality 0.85 · Median 0.60 · Most common event earnings