Armada Hoffler Properties Balance Sheet

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
Property, Plant & Equipment	2,130	1,851	1,916	1,677	1,516
Total Real Estate Assets	2,136	1,857	1,928	1,683	1,522
Cash & Equivalents	49.16	70.64	27.92	48.14	35.25
Accounts Receivable	66.18	137.49	172.08	110.35	47.68
Other Intangible Assets	77.61	89.74	109.14	103.87	62.04
Loans Receivable Current	128.67	132.57	94.17	136.04	126.43
Restricted Cash	3.23	1.58	2.25	3.73	5.2
Other Current Assets	34.76	22.59	33.01	30.52	99.1
Trading Asset Securities	-	15.86	28.86	29.12	2.93
Deferred Long-Term Charges	-	27.34	25.68	25.73	24.66
Other Long-Term Assets	100.44	158.15	142.03	71.98	12.69
Total Assets	2,596	2,513	2,563	2,242	1,938
Current Portion of Long-Term Debt	-	129.5	-	-	-
Current Portion of Leases	-	5.47	-	-	-
Long-Term Debt	1,526	1,160	1,391	1,062	921.02
Long-Term Leases	124.68	124.66	129.52	84.29	77.81
Accounts Payable	40.18	38.84	31.04	26.84	29.59
Other Current Liabilities	30.6	23.67	19.93	19.78	58.61
Long-Term Unearned Revenue	-	16.4	34.18	28.45	16.18
Other Long-Term Liabilities	45.7	124.72	152.21	116.82	55.04
Total Liabilities	1,767	1,623	1,758	1,338	1,158
Preferred Stock, Convertible	-	171.09	171.09	171.09	171.09
Common Stock	828.88	0.8	0.67	0.68	0.63
Additional Paid-In Capital	-	714.64	580.69	587.88	525.03
Distributions in Excess of Earnings	-	-218.62	-184.72	-126.88	-141.36
Comprehensive Income & Other	-	2.74	4.91	14.68	-0.03
Total Common Equity	828.88	499.55	401.54	476.37	384.27
Minority Interest	-	219.03	232.56	256.56	224.47
Shareholders' Equity	828.88	889.67	805.18	904.01	779.82
Total Liabilities & Equity	2,596	2,513	2,563	2,242	1,938
Total Debt	1,651	1,420	1,520	1,146	998.83
Net Cash (Debt)	-1,602	-1,333	-1,464	-1,069	-960.66
Net Cash Per Share	-15.72	-18.87	-21.62	-15.82	-15.84
Filing Date Shares Outstanding	80.18	79.92	66.79	67.71	67.32
Total Common Shares Outstanding	80.18	79.7	66.79	67.73	63.01
Book Value Per Share	10.34	6.27	6.01	7.03	6.10
Tangible Book Value	751.28	409.81	292.4	372.5	322.23
Tangible Book Value Per Share	9.37	5.14	4.38	5.50	5.11
Land	-	273.02	279.14	285.03	256.73
Buildings	-	1,829	1,741	1,528	1,336
Construction In Progress	17.05	17.52	102.28	53.07	72.54

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