Armada Hoffler Properties Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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
Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
(In thousands, except par value and share data)
| DECEMBER 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Real estate investments: | ||
| Income producing property | $2,173,787 | $2,093,032 |
| Held for development | 5,683 | 11,978 |
| Construction in progress | 17,515 | 102,277 |
| 2,196,985 | 2,207,287 | |
| Accumulated depreciation | (451,907) | (393,169) |
| Net real estate investments | 1,745,078 | 1,814,118 |
| Real estate investments held for sale | 4,800 | — |
| Cash and cash equivalents | 70,642 | 27,920 |
| Restricted cash | 1,581 | 2,246 |
| Accounts receivable, net | 52,860 | 45,529 |
| Notes receivable, net | 132,565 | 94,172 |
| Construction receivables, including retentions, net | 84,624 | 126,443 |
| Construction contract costs and estimated earnings in excess of billings | 6 | 104 |
| Equity method investments | 158,151 | 142,031 |
| Operating lease right-of-use assets | 22,841 | 23,085 |
| Finance lease right-of-use assets | 88,986 | 90,565 |
| Acquired lease intangible assets | 89,739 | 109,137 |
| Other assets | 60,990 | 87,548 |
| Total Assets | $2,512,863 | $2,562,898 |
| LIABILITIES AND EQUITY | ||
| Indebtedness, net | $1,295,559 | $1,396,965 |
| Accounts payable and accrued liabilities | 38,840 | 31,041 |
| Construction payables, including retentions | 104,495 | 128,290 |
| Billings in excess of construction contract costs and estimated earnings | 5,871 | 21,414 |
| Operating lease liabilities | 31,365 | 31,528 |
| Finance lease liabilities | 92,646 | 91,869 |
| Other liabilities | 54,418 | 56,613 |
| Total Liabilities | 1,623,194 | 1,757,720 |
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value, 100,000,000 shares authorized: 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, 9,980,000 shares authorized, 6,843,418 shares issued and outstanding as of December 31, 2024 and 2023 | 171,085 | 171,085 |
| Common stock, $0.01 par value, 500,000,000 shares authorized; 79,695,938 and 66,793,294 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 797 | 668 |
| Additional paid-in capital | 714,640 | 580,687 |
| Distributions in excess of earnings | (218,623) | (184,724) |
| Accumulated other comprehensive income | 2,737 | 4,906 |
| Total stockholders’ equity | 670,636 | 572,622 |
| Noncontrolling interests in investment entities | 9,180 | 9,986 |
| Noncontrolling interests in Operating Partnership | 209,853 | 222,570 |
| Total Equity | 889,669 | 805,178 |
| Total Liabilities and Equity | $2,512,863 | $2,562,898 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.