Armada Hoffler Properties Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	269.62	256.7	238.92	219.29	192.14
Other Revenue	-2.14	433.42	413.13	234.86	91.94
Total Revenue	283.06	708.72	667.16	471.13	302.53
Revenue Growth (YoY	-60.06%	6.23%	41.61%	55.73%	-21.14%
Property Expenses	92.12	510.55	478.66	299.99	156.56
Selling, General & Administrative	20.34	20.23	18.12	15.69	14.61
Depreciation & Amortization	91.52	90.96	97.43	74.08	69.88
Total Operating Expenses	203.98	621.74	594.21	389.77	241.04
Operating Income	79.08	86.98	72.95	81.36	61.49
Interest Expense	-85.31	-78.97	-57.81	-39.68	-33.91
Other Non-Operating Income	-1.14	14.74	-6.14	8.45	3.28
EBT Excluding Unusual Items	-7.37	22.76	9	50.13	30.86
Gain (Loss) on Sale of Assets	-	21.31	0.74	53.47	18.94
Asset Writedown	-0.37	-1.49	-0.1	-0.42	-21.28
Other Unusual Items	6.58	-0.69	-0.65	-3.37	-3.81
Pretax Income	-1.17	41.88	8.99	99.81	24.71
Income Tax Expense	-	-0.61	1.33	-0.15	-0.74
Earnings From Continuing Operations	-1.17	42.49	7.66	99.95	25.46
Earnings From Discontinued Operations	4.77	-	-	-	-
Net Income to Company	3.6	42.49	7.66	99.95	25.46
Minority Interest in Earnings	0.1	-6.85	0.62	-25.21	-3.56
Net Income	3.7	35.65	8.29	74.75	21.89
Preferred Dividends & Other Adjustments	11.55	11.55	11.55	11.55	11.55
Net Income to Common	-7.85	24.1	-3.26	63.2	10.34
Net Income Growth	-89.63%	330.13%	-88.91%	241.44%	-24.90%
Basic Shares Outstanding	102	71	68	68	61
Diluted Shares Outstanding	102	71	68	68	61
Shares Change (YoY)	44.24%	4.39%	0.17%	11.43%	5.79%
EPS (Basic)	-0.08	0.34	-0.05	0.94	0.17
EPS (Diluted)	-0.08	0.34	-0.05	0.94	0.17
EPS Growth	-	-	-	448.33%	-55.15%
Dividend Per Share	0.560	0.820	0.775	0.720	0.640
Dividend Growth	-31.71%	5.81%	7.64%	12.50%	45.45%
Operating Margin	27.94%	12.27%	10.94%	17.27%	20.32%
Profit Margin	-2.77%	3.40%	-0.49%	13.41%	3.42%
EBITDA	150.65	171.63	164.23	150.9	125.4
EBITDA Margin	53.22%	24.22%	24.62%	32.03%	41.45%
D&A For Ebitda	71.57	84.66	91.28	69.53	63.91
EBIT	79.08	86.98	72.95	81.36	61.49
EBIT Margin	27.94%	12.27%	10.94%	17.27%	20.32%
Funds From Operations (FFO)	79.42	99.85	90.72	106.65	85.35
FFO Per Share	0.78	1.08	1.02	1.21	1.05
Adjusted Funds From Operations (AFFO)	75.59	86.27	86.52	106.65	85.35
AFFO Per Share	0.74	0.93	0.97	1.21	1.05
Effective Tax Rate	-	-	14.78%	-	-
Revenue as Reported	285.2	708.47	667.16	471.13	302.53

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