Armada Hoffler Properties Inc
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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.
Mar 31, 2025 · Filed May 9, 2025
AHRT$6.38-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive (Loss) Income
(In thousands, except per share data) (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues | ||
| Rental revenues | $63,801 | $61,881 |
| General contracting and real estate services revenues | 46,614 | 126,975 |
| Interest income | 4,228 | 4,626 |
| Total revenues | 114,643 | 193,482 |
| Expenses | ||
| Rental expenses | 15,624 | 14,605 |
| Real estate taxes | 5,937 | 5,925 |
| General contracting and real estate services expenses | 45,250 | 122,898 |
| Depreciation and amortization | 23,216 | 20,830 |
| General and administrative expenses | 7,386 | 5,874 |
| Acquisition, development, and other pursuit costs | 54 | — |
| Total expenses | 97,467 | 170,132 |
| Operating income | 17,176 | 23,350 |
| Interest expense | (18,109) | (17,975) |
| Equity in loss of unconsolidated real estate entities | (1,913) | — |
| Change in fair value of derivatives and other | (1,210) | 12,888 |
| Unrealized credit loss provision | (22) | (83) |
| Other (expense) income, net | (75) | 79 |
| (Loss) income before taxes | (4,153) | 18,259 |
| Income tax provision | (190) | (534) |
| Net (loss) income | (4,343) | 17,725 |
| Net loss (income) attributable to noncontrolling interests: | ||
| Investment entities | 3 | (34) |
| Operating Partnership | 1,535 | (3,618) |
| Net (loss) income attributable to Armada Hoffler Properties, Inc. | (2,805) | 14,073 |
| Preferred stock dividends | (2,887) | (2,887) |
| Net (loss) income attributable to common stockholders | $(5,692) | $11,186 |
| Net (loss) income attributable to common stockholders per share (basic and diluted) | $(0.07) | $0.17 |
| Weighted-average common shares outstanding (basic and diluted) | 79,992 | 66,838 |
| Comprehensive (loss) income: | ||
| Net (loss) income | $(4,343) | $17,725 |
| Unrealized cash flow hedge (losses) gains | (1,050) | 3,554 |
| Realized cash flow hedge gains reclassified to net income (loss) | (313) | (3,642) |
| Comprehensive (loss) income | (5,706) | 17,637 |
| Comprehensive loss (income) attributable to noncontrolling interests: | ||
| Investment entities | (38) | 5 |
| Operating Partnership | 1,833 | (3,606) |
| Comprehensive (loss) income attributable to Armada Hoffler Properties, Inc. | $(3,911) | $14,036 |
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