Armada Hoffler Properties, Inc. - Understand $ahh stock

$AHH Market Cap: $1.115 Billion

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Financial Snapshot

Revenue

$756.9M

TTM

Gross Margin

25.84%

TTM

Net Earnings

-$5.905M

TTM

Current Assets

$201.5M

Q3 2024

Current Liabilities

$194.3M

Q3 2024

Current Ratio

103.68%

Q3 2024

Total Assets

$2.561B

Q3 2024

Total Liabilities

$1.680B

Q3 2024

Book Value

$881.5M

Q3 2024

Cash

$43.85M

Q3 2024

P/E

-188.8

Nov 29, 2024 EST

Free Cash Flow

$33.19M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$667.2M	$454.2M	$284.1M	$383.6M	$257.2M	$193.3M	$302.8M	$258.4M	$252.4M	$168.1M	$140.0M	$108.5M	$130.2M	$135.1M
YoY Change	46.9%	59.87%	-25.95%	49.16%	33.04%	-36.15%	17.18%	2.36%	50.2%	20.02%	29.09%	-16.67%	-3.64%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$667.2M	$454.2M	$284.1M	$383.6M	$257.2M	$193.3M	$302.8M	$258.4M	$252.4M	$168.1M	$140.0M	$108.5M	$130.2M	$135.1M
Cost Of Revenue	$478.6M	$300.0M	$156.4M	$266.6M	$101.5M	$73.63M	$186.6M	$184.9M	$192.3M	$121.2M	$98.00M	$67.70M	$89.50M	$98.30M
Gross Profit	$184.0M	$154.2M	$127.6M	$117.1M	$106.4M	$81.08M	$116.2M	$73.50M	$60.10M	$46.90M	$42.07M	$40.83M	$40.69M	$36.80M
Gross Profit Margin	27.58%	33.95%	44.93%	30.52%	41.36%	41.94%	38.37%	28.45%	23.81%	27.91%	30.05%	37.64%	31.26%	27.24%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$18.12M	$15.69M	$14.61M	$12.90M	$12.40M	$11.40M	$10.40M	$9.600M	$8.400M	$7.700M	$6.900M	$3.200M	$3.700M	$2.500M
YoY Change	15.49%	7.4%	13.26%	4.03%	8.77%	9.62%	8.33%	14.29%	9.09%	11.59%	115.63%	-13.51%	48.0%
% of Gross Profit	9.85%	10.18%	11.45%	11.02%	11.66%	14.06%	8.95%	13.06%	13.98%	16.42%	16.4%	7.84%	9.09%	6.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$63.46M	$54.55M	$51.55M	$43.67M	$37.84M	$30.40M	$25.97M	$23.45M	$18.68M	$14.98M	$12.81M	$11.60M	$11.71M	$12.16M
YoY Change	16.34%	5.82%	18.04%	15.41%	24.49%	17.02%	10.75%	25.56%	24.65%	17.01%	10.39%	-0.91%	-3.72%
% of Gross Profit	34.49%	35.38%	40.39%	37.3%	35.57%	37.49%	22.36%	31.91%	31.08%	31.95%	30.44%	28.41%	28.77%	33.04%
Operating Expenses	$115.5M	$89.78M	$84.49M	$73.40M	$219.3M	$165.5M	$271.1M	$231.7M	$225.9M	$146.7M	$120.4M	$83.79M	$106.2M	$14.70M
YoY Change	28.71%	6.26%	15.1%	-66.52%	32.44%	-38.92%	16.98%	2.59%	53.97%	21.86%	43.66%	-21.11%	622.51%
Operating Profit	$73.59M	$117.4M	$40.70M	$48.74M	$42.64M	$32.02M	$39.80M	$57.21M	$26.58M	$21.38M	$19.66M	$24.69M	$23.97M	$22.10M
YoY Change	-37.34%	188.57%	-16.51%	14.32%	33.14%	-19.55%	-30.43%	115.21%	24.35%	8.75%	-20.38%	3.0%	8.47%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$57.81M	$16.98M	$18.46M	$19.84M	$23.22M	$19.09M	$17.44M	$16.47M	$13.33M	$10.65M	$12.30M	$16.56M	$18.13M	-$18.20M
YoY Change	240.5%	-8.01%	-6.98%	-14.53%	21.63%	9.45%	5.91%	23.5%	25.22%	-13.45%	-25.71%	-8.67%	-199.64%
% of Operating Profit	78.56%	14.46%	45.35%	40.71%	54.45%	59.6%	43.81%	28.78%	50.15%	49.81%	62.58%	67.07%	75.65%	-82.35%
Other Income/Expense, Net	$31.00K	$378.0K	$302.0K	$515.0K	$615.0K	$377.0K	$81.00K	$147.0K	$119.0K	$120.0K	$297.0K	$777.0K	$258.0K	$200.0K
YoY Change	-91.8%	25.17%	-41.36%	-16.26%	63.13%	365.43%	-44.9%	23.53%	-0.83%	-59.6%	-61.78%	201.16%	29.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	$8.992M	$99.81M	$24.71M	$36.68M	$31.77M	$23.46M	$30.65M	$43.10M	$31.15M	$12.83M	$14.73M	$8.907M	$2.647M	$4.100M
YoY Change	-90.99%	303.87%	-32.62%	15.45%	35.39%	-23.45%	-28.88%	38.36%	142.8%	-12.88%	65.33%	236.49%	-35.44%
Income Tax	$1.329M	-$145.0K	-$742.0K	-$283.0K	-$491.0K	-$29.00K	$725.0K	$343.0K	-$34.00K	$70.00K	$273.0K	$0.00	$0.00	$0.00
% Of Pretax Income	14.78%	-0.15%	-3.0%	-0.77%	-1.55%	-0.12%	2.37%	0.8%	-0.11%	0.55%	1.85%	0.0%	0.0%	0.0%
Net Earnings	$8.287M	$74.75M	$21.89M	$29.15M	$24.05M	$17.20M	$21.05M	$28.07M	$19.64M	$7.691M	$7.336M	$8.897M	$2.266M	$3.700M
YoY Change	-88.91%	241.44%	-24.9%	21.2%	39.82%	-18.26%	-25.03%	42.93%	155.39%	4.84%	-17.55%	292.63%	-38.76%
Net Earnings / Revenue	1.24%	16.46%	7.71%	7.6%	9.35%	8.9%	6.95%	10.87%	7.78%	4.58%	5.24%	8.2%	1.74%	2.74%
Basic Earnings Per Share	-$0.05	$0.94	$0.17	$0.38	$0.41
Diluted Earnings Per Share	-$0.05	$0.94	$0.17	$0.38	$0.41	$265.4K	$348.8K	$559.8K	$473.4K	$368.4K	$494.7K	$8.900M	$2.300M	$3.700M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$27.92M	$48.14M	$35.25M	$41.00M	$39.20M	$21.30M	$20.00M	$21.90M	$27.00M	$25.90M	$18.90M	$9.400M	$13.40M	$8.400M
YoY Change	-42.0%	36.58%	-14.03%	4.59%	84.04%	6.5%	-8.68%	-18.89%	4.25%	37.04%	101.06%	-29.85%	59.52%
Cash & Equivalents	$27.92M	$48.14M	$35.25M	$41.00M	$39.20M	$21.30M	$20.00M	$21.90M	$27.00M	$25.90M	$18.90M	$9.400M	$13.40M	$8.400M
Short-Term Investments
Other Short-Term Assets												$1.400M	$1.900M	$2.100M
YoY Change												-26.32%	-9.52%
Inventory		$0.00	$80.75M	$1.200M	$1.500M	$900.0K		$0.00	$40.20M	$8.500M
Prepaid Expenses
Receivables	$45.53M	$39.19M	$29.58M	$28.30M	$23.50M	$19.00M	$15.70M	$15.10M	$22.00M	$20.50M	$18.30M	$23.10M	$19.90M	$25.90M
Other Receivables	$126.4M	$70.82M	$17.87M	$38.70M	$36.30M	$16.20M	$23.90M	$39.40M	$36.50M	$19.50M	$12.60M	$10.50M	$13.00M	$19.60M
Total Short-Term Assets	$199.9M	$158.1M	$163.4M	$109.2M	$100.5M	$57.40M	$59.60M	$76.40M	$125.7M	$74.40M	$49.80M	$44.40M	$48.20M	$56.00M
YoY Change	26.4%	-3.24%	49.67%	8.66%	75.09%	-3.69%	-21.99%	-39.22%	68.95%	49.4%	12.16%	-7.88%	-13.93%
Property, Plant & Equipment	$1.928B	$1.683B	$1.522B	$1.560B	$1.439B	$987.8M	$829.9M	$768.7M	$508.2M	$478.9M	$357.7M	$262.3M	$269.0M	$274.1M
YoY Change	14.55%	10.56%	-2.45%	8.44%	45.66%	19.03%	7.96%	51.26%	6.12%	33.88%	36.37%	-2.49%	-1.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$142.0M	$71.98M	$12.69M	$1.100M	$0.00	$22.20M	$11.40M	$10.20M				$0.00	$500.0K	$3.200M
YoY Change	97.31%	467.47%	1053.18%		-100.0%	94.74%	11.76%					-100.0%	-84.38%
Other Assets	$35.25M	$34.24M	$23.54M	$21.00M	$16.50M	$11.00M	$12.30M	$13.40M	$7.000M	$6.700M	$6.600M	$3.700M	$4.300M	$6.200M
YoY Change	2.95%	45.46%	12.1%	27.27%	50.0%	-10.57%	-8.21%	91.43%	4.48%	1.52%	78.38%	-13.95%	-30.65%
Total Long-Term Assets	$2.363B	$2.084B	$1.775B	$1.808B	$1.704B	$1.208B	$983.5M	$906.1M	$563.8M	$513.6M	$385.5M	$287.4M	$291.9M	$303.4M
YoY Change	13.38%	17.44%	-1.84%	6.07%	41.09%	22.83%	8.54%	60.71%	9.77%	33.23%	34.13%	-1.54%	-3.79%
Total Assets	$2.563B	$2.242B	$1.938B	$1.917B	$1.805B	$1.265B	$1.043B	$982.5M	$689.5M	$588.0M	$435.3M	$331.8M	$340.1M	$359.4M
YoY Change
Accounts Payable	$31.04M	$26.84M	$29.59M	$23.90M	$17.80M	$15.20M	$15.20M	$10.80M	$6.500M	$8.400M	$0.00	$3.600M	$1.100M	$1.100M
YoY Change	15.66%	-9.29%	23.8%	34.27%	17.11%	0.0%	40.74%	66.15%	-22.62%		-100.0%	227.27%	0.0%
Accrued Expenses	$31.53M	$31.68M	$31.65M	$41.70M	$41.50M
YoY Change	-0.47%	0.09%	-24.11%	0.48%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$70.21M	$9.770M	$31.89M	$107.8M	$10.20M	$14.90M					$0.00	$600.0K	$600.0K	$600.0K
YoY Change	618.6%	-69.36%	-70.42%	956.86%	-31.54%						-100.0%	0.0%	0.0%
Total Short-Term Liabilities	$298.5M	$196.5M	$197.6M	$247.0M	$151.6M	$102.7M	$79.40M	$76.60M	$69.60M	$60.10M	$35.60M	$22.80M	$23.80M	$34.50M
YoY Change	51.92%	-0.54%	-20.01%	62.93%	47.61%	29.35%	3.66%	10.06%	15.81%	68.82%	56.14%	-4.2%	-31.01%
Long-Term Debt	$1.419B	$1.105B	$931.8M	$874.0M	$958.2M	$679.3M	$517.3M	$522.2M	$377.6M	$356.3M	$277.7M	$334.4M	$338.9M	$333.6M
YoY Change	28.39%	18.58%	6.62%	-8.79%	41.06%	31.32%	-0.94%	38.29%	5.98%	28.3%	-16.96%	-1.33%	1.59%
Other Long-Term Liabilities	$40.58M	$36.83M	$28.85M	$39.20M	$39.60M	$27.50M	$26.20M	$34.70M	$16.70M	$9.700M	$9.900M	$12.30M	$11.50M	$13.70M
YoY Change	10.18%	27.68%	-26.41%	-1.01%	44.0%	4.96%	-24.5%	107.78%	72.16%	-2.02%	-19.51%	6.96%	-16.06%
Total Long-Term Liabilities	$1.459B	$1.142B	$960.7M	$913.2M	$997.8M	$706.8M	$543.5M	$556.9M	$394.3M	$366.0M	$287.6M	$346.7M	$350.4M	$347.3M
YoY Change	27.8%	18.85%	5.2%	-8.48%	41.17%	30.05%	-2.41%	41.24%	7.73%	27.26%	-17.05%	-1.06%	0.89%
Total Liabilities	$1.990B	$1.595B	$1.383B	$1.394B	$1.396B	$991.5M	$816.4M	$834.3M	$640.0M	$590.7M	$481.8M	$373.2M	$377.5M	$383.0M
YoY Change	24.79%	15.34%	-0.8%	-0.18%	40.83%	21.45%	-2.15%	30.36%	8.35%	22.6%	29.1%	-1.14%	-1.44%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	67.69M shares	67.58M shares	60.65M shares	57.33M shares	53.12M shares	47.51M shares	42.42M shares	33.06M shares	26.01M shares	20.95M shares	19.05M shares
Diluted Shares Outstanding	67.69M shares	67.58M shares	60.65M shares	57.33M shares	53.12M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.115 Billion

About Armada Hoffler Properties, Inc.

Armada Hoffler Properties, Inc. is a real estate company, which develops, builds, owns, and manages institutional-grade office, retail and multifamily properties in the Mid-Atlantic United States. The company is headquartered in Virginia Beach, Virginia and currently employs 164 full-time employees. The company went IPO on 2013-08-05. The firm is engaged in developing, building, acquiring, and managing office, retail and multifamily properties located primarily in the Mid-Atlantic & Southeastern United States. The firm operates through five segments: office real estate, retail real estate, multifamily real estate, general contracting & real estate services, and real estate financing. The firm's general contracting, and real estate services business develops and builds properties for its own account and provides construction and development services to both related and third parties. The real estate financing segment includes the Company's mezzanine loans and preferred equity investments on development projects. The firm also provides general construction and development services to third-party clients, in addition to developing and building properties to be placed in their stabilized portfolio.

Industry: Real Estate Peers: Alexander & Baldwin, Inc. American Assets Trust, Inc. Global Net Lease, Inc. W. P. Carey Inc. Empire State Realty OP, L.P. Empire State Realty Trust, Inc. GLADSTONE COMMERCIAL CORP NEXPOINT DIVERSIFIED REAL ESTATE TRUST Safehold Inc. Pacific Oak Strategic Opportunity REIT, Inc.