Armada Hoffler Properties
Focused REIT owning retail and office assets in growth markets.
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Profile
AH Realty Trust, formerly Armada Hoffler Properties, is a NYSE-listed REIT focused on retail and office assets in Mid-Atlantic and Southeastern U.S. markets. It is simplifying from a broader mixed-use platform by exiting multifamily, construction and real estate financing activities.
AH Realty Trust, formerly Armada Hoffler Properties, is a Virginia Beach-based real estate investment trust that owns and operates retail and office properties mainly in Mid-Atlantic and Southeastern U.S. markets. The company was historically a vertically integrated developer, builder and owner across retail, office and multifamily assets.
In 2026 it rebranded from Armada Hoffler, moved its NYSE ticker from AHH to AHRT, and began simplifying the platform by exiting multifamily, construction and real estate financing activities. Management describes the go-forward mandate as focused on retail real estate, with office remaining a core operating segment. The business is tied to property leasing, tenant credit, occupancy, asset-sale execution and access to financing as it reallocates capital and reduces leverage.
Company facts
Key statistics
Year to date +1.8% · Average volume (30d) 1.0M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 6, 2026Q1 FY26 | −$0.04 | −$0.33 | −842.9% | $52.4M | $52.3M | −0.2% | −1.08% |
| Feb 16, 2026Q4 FY25 | $0.26 | $0.29 | +11.5% | $68.6M | $72.0M | +4.9% | −7.98% |
| Nov 3, 2025Q3 FY25 | $0.26 | $0.29 | +11.5% | $68.6M | $96.1M | +40.0% | −0.93% |
| Aug 4, 2025Q2 FY25 | $0.26 | $0.25 | −3.8% | $67.5M | $101.3M | +50.0% | −0.30% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $114.6M | $101.3M | $96.1M | $75.6M | $52.3M | $52.5M | |
| Gross profit | $47.8M | $48.0M | $51.2M | $4.4M | −$1.8M | $35.3M | |
| Operating income | $17.2M | $20.0M | $23.3M | $23.8M | $13.1M | $9.8M | |
| Net income | −$2.8M | $5.9M | $80.0K | $2.1M | −$30.4M | −$24.2M | |
| Diluted EPS | −$0.07 | $0.04 | −$0.04 | $0.02 | −$0.33 | $0.00 | |
| Gross margin | 41.7% | 47.4% | 53.3% | 5.8% | -3.4% | 67.2% | |
| Operating margin | 15.0% | 19.7% | 24.2% | 31.5% | 25.1% | 18.6% |
Fiscal years (4-quarter sums)FY21 $284.1M · FY22 $464.6M · FY23 $667.2M · FY24 $708.5M · FY25 $387.6M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $20.7M · Total debt $0 · Total assets $1.93B · Shareholders' equity $529.3M
Dividends
Last cut to $0.14 from $0.205 in Mar 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 24, 2026 | Jun 24 | Jul 2 | $0.14 | |
| Mar 26, 2026 | Mar 26 | Apr 2 | $0.14 | |
| Dec 31, 2025 | Dec 31 | Jan 8 | $0.14 | |
| Sep 24, 2025 | Sep 24 | Oct 2 | $0.14 | |
| Jun 30, 2025 | Jun 30 | Jul 8 | $0.14 | |
| Mar 26, 2025 | Mar 26 | Apr 3 | $0.14 | cut from $0.205 |
| Dec 26, 2024 | Dec 26 | Jan 2 | $0.205 | |
| Sep 25, 2024 | Sep 25 | Oct 3 | $0.205 |
Ownership
Shares outstanding 80.15M · Float 79.01M
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.83M | 8.52% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 4.06M | 5.06% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 3.39M | 4.23% | 13F | Aug 13, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 3.11M | 3.88% | 13F | Aug 14, 2026 |
| Irenic Capital Management LP | 2.92M | 3.64% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 8, 2026 | Frederick Blair Wimbush | director | +328 | $6.63 |
| Oct 2, 2025 | Frederick Blair Wimbush | director | +520 | $6.98 |
Peers
Not reported.