Armada Hoffler Properties, Inc. (FRA:791)

Armada Hoffler Properties Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	260.63	256.7	238.92	219.29	192.14	166.49
Other Revenue	174.84	433.42	413.13	234.86	91.94	217.15
Total Revenue	452.64	708.72	667.16	471.13	302.53	383.63
Revenue Growth (YoY	-40.20%	6.23%	41.61%	55.73%	-21.14%	49.00%
Property Expenses	259.62	510.55	478.66	299.99	156.56	267.15
Selling, General & Administrative	22.49	20.23	18.12	15.69	14.61	12.91
Depreciation & Amortization	93.35	90.96	97.43	74.08	69.88	60.56
Total Operating Expenses	375.45	621.74	594.21	389.77	241.04	340.62
Operating Income	77.18	86.98	72.95	81.36	61.49	43.02
Interest Expense	-80.47	-78.97	-57.81	-39.68	-33.91	-31.04
Interest & Investment Income	-	-	-	-	-	19.84
Other Non-Operating Income	6.16	14.74	-6.14	8.45	3.28	-0.87
EBT Excluding Unusual Items	2.87	22.76	9	50.13	30.86	30.95
Gain (Loss) on Sale of Assets	21.31	21.31	0.74	53.47	18.94	6.39
Asset Writedown	-0.35	-1.49	-0.1	-0.42	-21.28	-0.67
Other Unusual Items	6.17	-0.69	-0.65	-3.37	-3.81	-
Pretax Income	29.99	41.88	8.99	99.81	24.71	36.68
Income Tax Expense	-0.68	-0.61	1.33	-0.15	-0.74	-0.28
Earnings From Continuing Operations	30.67	42.49	7.66	99.95	25.46	36.96
Minority Interest in Earnings	-4.01	-6.85	0.62	-25.21	-3.56	-7.81
Net Income	26.66	35.65	8.29	74.75	21.89	29.15
Preferred Dividends & Other Adjustments	11.55	11.55	11.55	11.55	11.55	7.35
Net Income to Common	15.11	24.1	-3.26	63.2	10.34	21.8
Net Income Growth	-	330.13%	-88.91%	241.44%	-24.90%	21.20%
Basic Shares Outstanding	80	71	68	68	61	57
Diluted Shares Outstanding	80	71	68	68	61	57
Shares Change (YoY)	18.53%	4.39%	0.17%	11.43%	5.79%	7.92%
EPS (Basic)	0.19	0.34	-0.05	0.94	0.17	0.38
EPS (Diluted)	0.19	0.34	-0.05	0.94	0.17	0.38
EPS Growth	-	-	-	448.33%	-55.15%	-6.46%
Dividend Per Share	0.625	0.820	0.775	0.720	0.640	0.440
Dividend Growth	-22.84%	5.81%	7.64%	12.50%	45.45%	-47.62%
Operating Margin	17.05%	12.27%	10.94%	17.27%	20.32%	11.21%
Profit Margin	3.34%	3.40%	-0.49%	13.41%	3.42%	5.68%
EBITDA	165.56	171.63	164.23	150.9	125.4	92.49
EBITDA Margin	36.58%	24.22%	24.62%	32.03%	41.45%	24.11%
D&A For Ebitda	88.38	84.66	91.28	69.53	63.91	49.47
EBIT	77.18	86.98	72.95	81.36	61.49	43.02
EBIT Margin	17.05%	12.27%	10.94%	17.27%	20.32%	11.21%
Funds From Operations (FFO)	86.05	99.85	90.72	106.65	85.35	-
FFO Per Share	0.85	1.08	1.02	1.21	1.05	-
Adjusted Funds From Operations (AFFO)	-	86.27	86.52	106.65	85.35	-
AFFO Per Share	-	0.93	0.97	1.21	1.05	-
Effective Tax Rate	-	-	14.78%	-	-	-
Revenue as Reported	454.59	708.47	667.16	471.13	302.53	383.63

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.