Armada Hoffler Properties: Fourth Quarter Earnings Overview

Armada Hoffler Properties Reports Fourth Quarter Financial Results

Armada Hoffler Properties Inc., a real estate investment trust headquartered in Virginia Beach, Virginia, announced its fourth quarter financial performance on Monday.

During the quarter, the company recorded funds from operations totaling $29.5 million, which equates to $0.29 per share. This metric, commonly used in the REIT sector, reflects net income with depreciation and amortization added back in.

Despite this, Armada Hoffler reported a net loss of $957,000, or $0.01 per share, for the period.

The company generated $75.6 million in revenue for the quarter, with adjusted revenue coming in at $72 million.

Looking at the full year, funds from operations reached $110.1 million, or $1.08 per share, while total revenue amounted to $269.6 million.

Since the start of the year, Armada Hoffler’s stock price has risen by 4%. However, over the past twelve months, the shares have declined by 27%.