Armada Hoffler Properties, Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 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.
Sep 30, 2025 · Filed Nov 5, 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
Condensed Consolidated Balance Sheets
(In thousands, except par value and share data)
| September 30,2025 | December 31,2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Real estate investments: | ||
| Income producing property | $2,441,965 | $2,173,787 |
| Held for development | 5,683 | 5,683 |
| Construction in progress | 27,890 | 17,515 |
| 2,475,538 | 2,196,985 | |
| Accumulated depreciation | (504,419) | (451,907) |
| Net real estate investments | 1,971,119 | 1,745,078 |
| Real estate investments held for sale | 4,800 | 4,800 |
| Cash and cash equivalents | 46,511 | 70,642 |
| Restricted cash | 3,313 | 1,581 |
| Accounts receivable, net | 58,274 | 52,860 |
| Notes receivable, net | 152,288 | 132,565 |
| Construction receivables, including retentions, net | 34,587 | 84,624 |
| Construction contract costs and estimated earnings in excess of billings | 2,638 | 6 |
| Equity method investments | 47,880 | 158,151 |
| Operating lease right-of-use assets | 22,669 | 22,841 |
| Finance lease right-of-use assets | 87,868 | 88,986 |
| Acquired lease intangible assets | 80,181 | 89,739 |
| Other assets | 65,007 | 60,990 |
| Total Assets | $2,577,135 | $2,512,863 |
| LIABILITIES AND EQUITY | ||
| Indebtedness, net | $1,485,657 | $1,295,559 |
| Accounts payable and accrued liabilities | 41,295 | 38,840 |
| Construction payables, including retentions | 39,658 | 104,495 |
| Billings in excess of construction contract costs and estimated earnings | 5,755 | 5,871 |
| Operating lease liabilities | 31,242 | 31,365 |
| Finance lease liabilities | 93,280 | 92,646 |
| Other liabilities | 36,609 | 54,418 |
| Total Liabilities | 1,733,496 | 1,623,194 |
| 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 September 30, 2025 and December 31, 2024 | 171,085 | 171,085 |
| Common stock,$0.01 par value, 500,000,000 shares authorized; 80,154,922 and 79,695,938 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 804 | 797 |
| Additional paid-in capital | 723,800 | 714,640 |
| Distributions in excess of earnings | (257,724) | (218,623) |
| Accumulated other comprehensive income | 870 | 2,737 |
| Total stockholders’ equity | 638,835 | 670,636 |
| Noncontrolling interests in investment entities | 8,662 | 9,180 |
| Noncontrolling interests in Operating Partnership | 196,142 | 209,853 |
| Total Equity | 843,639 | 889,669 |
| Total Liabilities and Equity | $2,577,135 | $2,512,863 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.