Armada Hoffler Properties Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
AHRT$6.38-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Equity
(In thousands, except share data)
| Preferred stock | Common stock | Additional paid-in capital | Distributions in excess of earnings | Accumulated other comprehensive income | Total stockholders' equity | Noncontrolling interests in investment entities | Noncontrolling interests in Operating Partnership | Total equity | |
|---|---|---|---|---|---|---|---|---|---|
| Balance, December 31, 2023 | $171,085 | $668 | $580,687 | $(184,724) | $4,906 | $572,622 | $9,986 | $222,570 | $805,178 |
| Net income | — | — | — | 14,073 | — | 14,073 | 34 | 3,618 | 17,725 |
| Unrealized cash flow hedge gains | — | — | — | — | 2,664 | 2,664 | 29 | 861 | 3,554 |
| Realized cash flow hedge gains reclassified to net income | — | — | — | — | (2,700) | (2,700) | (68) | (874) | (3,642) |
| Net proceeds from issuance of common stock | — | — | (10) | — | — | (10) | — | — | (10) |
| Restricted stock awards, net | — | 2 | 1,394 | — | — | 1,396 | — | — | 1,396 |
| Redemption of operating partnership units | — | — | (22) | — | — | (22) | — | (96) | (118) |
| Distributions to noncontrolling interests | — | — | — | — | — | — | (336) | — | (336) |
| Dividends declared on preferred stock | — | — | — | (2,887) | — | (2,887) | — | — | (2,887) |
| Dividends and distributions declared on common shares and units ($0.205 per share and unit) | — | — | — | (13,733) | — | (13,733) | — | (4,450) | (18,183) |
| Balance, March 31, 2024 | $171,085 | $670 | $582,049 | $(187,271) | $4,870 | $571,403 | $9,645 | $221,629 | $802,677 |
| Net income | — | — | — | 3,172 | — | 3,172 | 17 | 90 | 3,279 |
| Unrealized cash flow hedge gains | — | — | — | — | 743 | 743 | — | 241 | 984 |
| Realized cash flow hedge (gains) losses reclassified to net income | — | — | — | — | (1,056) | (1,056) | — | (342) | (1,398) |
| Net proceeds from issuance of common stock | — | 4 | 4,259 | — | — | 4,263 | — | — | 4,263 |
| Restricted stock awards, net | — | — | 809 | — | — | 809 | — | — | 809 |
| Distributions to noncontrolling interests | — | — | — | — | — | — | (151) | — | (151) |
| Dividends declared on preferred stock | — | — | — | (2,887) | — | (2,887) | — | — | (2,887) |
| Dividends and distributions declared on common shares and units ($0.205 per share and unit) | — | — | — | (13,713) | — | (13,713) | — | (4,457) | (18,170) |
| Balance, June 30, 2024 | $171,085 | $674 | $587,117 | $(200,699) | $4,557 | $562,734 | $9,511 | $217,161 | $789,406 |
| Preferred stock | Common stock | Additional paid-in capital | Distributions in excess of earnings | Accumulated other comprehensive income | Total stockholders' equity | Noncontrolling interests in investment entities | Noncontrolling interests in Operating Partnership | Total equity | |
|---|---|---|---|---|---|---|---|---|---|
| Balance, December 31, 2022 | $171,085 | $677 | $587,884 | $(126,875) | $14,679 | $647,450 | $24,055 | $232,509 | $904,014 |
| Net income | — | — | — | 4,709 | — | 4,709 | 154 | 554 | 5,417 |
| Unrealized cash flow hedge (losses) gains | — | — | — | — | (328) | (328) | 2 | (100) | (426) |
| Realized cash flow hedge gains reclassified to net income | — | — | — | — | (2,211) | (2,211) | (39) | (672) | (2,922) |
| Net proceeds from issuance of common stock | — | — | (149) | — | — | (149) | — | — | (149) |
| Restricted stock awards, net | — | 2 | 977 | — | — | 979 | — | — | 979 |
| Acquisitions of noncontrolling interest in real estate entity | — | — | — | — | — | — | (12,834) | — | (12,834) |
| Distribution to joint venture partner | — | — | — | — | — | — | (506) | — | (506) |
| Dividends declared on preferred stock | — | — | — | (2,887) | — | (2,887) | — | — | (2,887) |
| Dividends and distributions declared on common shares and units ($0.19 per share and unit) | — | — | — | (12,908) | — | (12,908) | — | (3,916) | (16,824) |
| Balance, March 31, 2023 | $171,085 | $679 | $588,712 | $(137,961) | $12,140 | $634,655 | $10,832 | $228,375 | $873,862 |
| Net income | — | — | — | 11,863 | — | 11,863 | 269 | 2,753 | 14,885 |
| Unrealized cash flow hedge gains | — | — | — | — | 5,093 | 5,093 | 151 | 1,562 | 6,806 |
| Realized cash flow hedge gains reclassified to net income | — | — | — | — | (3,735) | (3,735) | (174) | (1,146) | (5,055) |
| Restricted stock awards, net | — | — | 337 | — | — | 337 | — | — | 337 |
| Issuance of operating partnership units for acquisitions | — | — | — | — | — | — | — | 12,194 | 12,194 |
| Redemption of operating partnership units | — | — | (19) | — | — | (19) | — | (564) | (583) |
| Distributions to noncontrolling interests | — | — | — | — | — | — | (427) | — | (427) |
| Dividends declared on preferred stock | — | — | — | (2,887) | — | (2,887) | — | — | (2,887) |
| Dividends and distributions declared on common shares and units ($0.195 per share and unit) | — | — | — | (13,248) | — | (13,248) | — | (4,222) | (17,470) |
| Balance, June 30, 2023 | $171,085 | $679 | $589,030 | $(142,233) | $13,498 | $632,059 | $10,651 | $238,952 | $881,662 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.