Armada Hoffler Properties, Inc. (AHH) Financial Statements
Industry: Real Estate
In fiscal 2025, Armada Hoffler Properties reported revenue of $285.2M, down 59.7% from $708.5M the year before. Net income was $5.6M (a 2.0% net margin), or -$0.07 per diluted share. Gross margin was 28.4% and operating margin was 28.4%. Operating activities generated $64.2M of cash. At fiscal year end, Armada Hoffler Properties held $2.60B in total assets against $1.77B in total liabilities, including $49.1M of cash and equivalents.
Open the full interactive Armada Hoffler Properties financials → Quarterly statements, key ratios, valuation history and price charts.
Armada Hoffler Properties Key Stats
| Share Price | $6.05 |
|---|---|
| Market Cap | $455.5M |
| Dividend Yield | 17.26% |
| Revenue YoY Growth | -59.7% |
| 52-Week Range | $4.93 – $7.01 |
| Shares Outstanding | 75.3 million (basic, 2026 Q2) |
Armada Hoffler Properties Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $383.6M | $284.1M | $454.2M | $667.2M | $708.5M | $285.2M |
| Cost of Goods Sold | $341.3M | $262.4M | $390.2M | $594.3M | $623.2M | $204.3M |
| Gross Profit | $117.1M | $127.6M | $154.2M | $184.0M | $85.2M | $80.9M |
| Operating Income | $48.7M | $40.7M | $117.4M | $73.6M | $106.5M | $80.9M |
| Pre-Tax Income | $36.7M | $24.7M | $99.8M | $9.0M | $41.9M | $5.1M |
| Income Tax | -$283,000 | -$742,000 | -$145,000 | $1.3M | -$614,000 | -$482,000 |
| Net Income | $29.2M | $21.9M | $74.7M | $8.3M | $35.6M | $5.6M |
| Diluted EPS | $0.38 | $0.17 | $0.94 | -$0.05 | $0.34 | -$0.07 |
Armada Hoffler Properties Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $96.1M | — | $52.3M | $52.5M |
| Net Income | $80,000 | $2.4M | -$23.2M | -$15.7M |
| Diluted EPS | -$0.04 | $0.03 | -$0.33 | -$0.25 |
Armada Hoffler Properties Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $41.0M | $35.2M | $48.1M | $27.9M | $70.6M | $49.1M |
| Total Assets | $1.92B | $1.94B | $2.24B | $2.56B | $2.51B | $2.60B |
| Total Long-Term Debt | $963.8M | $917.6M | $1.07B | $1.40B | $1.30B | $1.53B |
| Total Liabilities | $1.16B | $1.16B | $1.34B | $1.76B | $1.62B | $1.77B |
| Shareholders' Equity | $523.2M | $555.4M | $647.5M | $572.6M | $670.6M | $627.8M |
Armada Hoffler Properties Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $91.2M | $91.2M | $116.9M | $93.3M | $112.0M | $64.2M |
| Cash From Investing | -$26.2M | -$57.6M | -$33.2M | -$237.3M | -$26.7M | — |
| Cash From Financing | -$58.1M | -$43.5M | -$72.2M | $122.3M | -$43.3M | $52.5M |
| Dividends Paid | $47.6M | $58.7M | $72.6M | $80.4M | $83.9M | $75.2M |
Figures from Armada Hoffler Properties' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Armada Hoffler Properties financials page for every line item.
Armada Hoffler Properties Company Profile
| Ticker | AHH |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate |
| Headquarters | Virginia Beach, Virginia |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001569187 |
Frequently Asked Questions
What was Armada Hoffler Properties' revenue in fiscal 2025?
Armada Hoffler Properties (AHH) reported revenue of $285.2M for fiscal 2025.
What is Armada Hoffler Properties' annual revenue history?
Armada Hoffler Properties' annual revenue by fiscal year: 2020: $383.6M; 2021: $284.1M; 2022: $454.2M; 2023: $667.2M; 2024: $708.5M; 2025: $285.2M.
What was Armada Hoffler Properties' net income in fiscal 2025?
Armada Hoffler Properties reported net income of $5.6M for fiscal 2025.
What was Armada Hoffler Properties' earnings per share (EPS) in fiscal 2025?
Armada Hoffler Properties' diluted EPS was -$0.07 for fiscal 2025 (adjusted for any later stock splits).
What was Armada Hoffler Properties' revenue last quarter?
In its most recent reported quarter (2026 Q2), Armada Hoffler Properties reported revenue of $52.5M.
How much debt does Armada Hoffler Properties have?
Armada Hoffler Properties reported $1.53B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Armada Hoffler Properties are outstanding?
Armada Hoffler Properties reported a weighted average of 75.3 million basic shares outstanding in 2026 Q2.
What is Armada Hoffler Properties' market cap?
Based on its latest closing price, Armada Hoffler Properties (AHH) has a market capitalization of about $455.5M.
When does Armada Hoffler Properties' fiscal year end?
Armada Hoffler Properties' fiscal year end, as registered with the SEC, is December 31.
Where is Armada Hoffler Properties headquartered?
Armada Hoffler Properties lists its business address in Virginia Beach, Virginia in its SEC filings.