Armada Hoffler Properties, Inc.

Finance
Real Estate
www.armadahoffler.com

Earnings Score
Moat Score

Market Cap $739.87M
PE -51
Debt $1.33B
Cash $45.73M
EV $2.02B
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	-$14.57M
EBIT	$73.99M
ROE	-2%
ROA	3%
Equity	$881.49M
Growth Stability	-10%
PE	-50.79
PEG	-22.06
PB	0.84
P/S	0.98
Price/Cash	0.06
Debt/Equity	1.51
Net Margins	1%
Gross Margins	26%
Op. Margins	10%
Earnings CAGR	1%
Sales Growth YoY	13%
Sales Growth QoQ	2%
Sales CAGR	12%
Equity CAGR	19%
Earnings Stability	0
Earnings Growth YoY	-296%
Earnings Growth QoQ	-3K%

Earnings CAGR 5Y	2%
Sales CAGR 5Y	23%
Equity CAGR 5Y	6%
Earnings CAGR 3Y	50%
Sales CAGR 3Y	50%
Equity CAGR 3Y	-1%
Market Cap	$739.87M
Revenue	$756.90M
Dividend Yield	11%
Payout Ratio	-570%
Assets	$2.56B
Total Debt	$1.33B
Cash	$45.73M
Shares Outstanding	67.63M
EV	2.02B
Earnings Score	6%
Moat Score	27%
Gross Profit	$194.11M
Shares Growth 3y	2%
Equity Growth QoQ	12%
Equity Growth YoY	2%

Assets & ROA

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Stockholders Equity & ROE

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Armada Hoffler Properties Inc is a real estate company. It engages in developing, building, owning and managing the high-quality, institutional-grade office, retail, and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. The company's operating segment includes office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services. It generates maximum revenue from the general contracting and real estate services segment.

SEC Filings

Direct access to Armada Hoffler Properties, Inc. (AHH) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Armada Hoffler Properties, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Armada Hoffler Properties, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 1%

Stability 0%

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Armada Hoffler Properties, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Armada Hoffler Properties, Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	5%	8%	11%	7%	9%	8%	6%	4%	14%	-0%	1%
ROA	-	5%	4%	3%	3%	2%	3%	2%	5%	3%	3%
ROE	-	9%	8%	5%	4%	3%	3%	1%	7%	-0%	-2%

Bad Net Margins (0.63%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	2.23	1.69	1.51	1.25	1.54	1.47	1.27	1.23	1.19	1.74	1.51
Growth Stability	-	-	-	100%	75%	98%	100%	51%	100%	-10%	-10%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Bad Debt/Equity ratio (1.51)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (-10%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	50%	2%	17%	-36%	33%	49%	-26%	60%	47%	23%
Earnings YoY growth	-	155%	43%	-25%	-18%	26%	1%	-53%	511%	-105%	2%
Equity YoY growth	-	39%	55%	20%	8%	44%	15%	3%	16%	-11%	6%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-	-