Armada Hoffler Properties, Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
View on SEC.govAbout this filing
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 Statements of Comprehensive (Loss) Income
(In thousands, except per share data) (Unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | ||||
| Rental revenues | $68,724 | $68,598 | $197,672 | $193,744 |
| General contracting and real estate services revenues | 23,192 | 114,353 | 101,782 | 358,167 |
| Interest income | 4,166 | 4,701 | 12,534 | 13,959 |
| Total revenues | 96,082 | 187,652 | 311,988 | 565,870 |
| Expenses | ||||
| Rental expenses | 17,622 | 16,652 | 49,323 | 46,344 |
| Real estate taxes | 6,148 | 6,184 | 18,675 | 17,995 |
| General contracting and real estate services expenses | 21,128 | 110,987 | 96,970 | 346,385 |
| Depreciation and amortization | 23,113 | 23,684 | 68,081 | 65,697 |
| General and administrative expenses | 4,447 | 5,187 | 17,831 | 15,564 |
| Acquisition, development, and other pursuit costs | 10 | 2 | 350 | 5,530 |
| Impairment charges | 350 | — | 350 | 1,494 |
| Total expenses | 72,818 | 162,696 | 251,580 | 499,009 |
| Operating income | 23,264 | 24,956 | 60,408 | 66,861 |
| Interest expense | (22,718) | (21,387) | (62,098) | (60,589) |
| Equity in income (loss) of unconsolidated real estate entities | 38 | — | (2,197) | — |
| Gain on consolidation of real estate entities | — | — | 6,915 | — |
| Loss on extinguishment of debt | (69) | (113) | (69) | (113) |
| Change in fair value of derivatives and other | (1,216) | (10,308) | (1,778) | 6,978 |
| Unrealized credit loss release (provision) | 126 | (198) | 313 | (53) |
| Other income (expense), net | 28 | 96 | (44) | 254 |
| (Loss) income before taxes | (547) | (6,954) | 1,450 | 13,338 |
| Income tax (provision) benefit | (192) | (592) | 185 | 120 |
| Net (loss) income | (739) | (7,546) | 1,635 | 13,458 |
| Net loss (income) attributable to noncontrolling interests: | ||||
| Investment entities | 51 | 17 | 131 | (34) |
| Operating Partnership | 768 | 2,491 | 1,458 | (1,217) |
| Net income (loss) attributable to Armada Hoffler Properties, Inc. | 80 | (5,038) | 3,224 | 12,207 |
| Preferred stock dividends | (2,887) | (2,887) | (8,661) | (8,661) |
| Net (loss) income attributable to common stockholders | $(2,807) | $(7,925) | $(5,437) | $3,546 |
| Net income (loss) attributable to common stockholders per share (basic and diluted) | $(0.04) | $(0.11) | $(0.07) | $0.05 |
| Weighted-average common shares outstanding (basic and diluted) | 80,155 | 68,931 | 80,101 | 67,630 |
| Comprehensive (loss) income: | ||||
| Net (loss) income | $(739) | $(7,546) | $1,635 | $13,458 |
| Unrealized cash flow hedge gains (losses) | 99 | (3,350) | (1,317) | 1,188 |
| Realized cash flow hedge gains reclassified to net income (loss) | (324) | (1,325) | (948) | (6,365) |
| Comprehensive (loss) income | (964) | (12,221) | (630) | 8,281 |
| Comprehensive income attributable to noncontrolling interests: | ||||
| Investment entities | 10 | 17 | 22 | 5 |
| Operating Partnership | 826 | 3,609 | 1,966 | 14 |
| Comprehensive (loss) income attributable to Armada Hoffler Properties, Inc. | $(128) | $(8,595) | $1,358 | $8,300 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.