Armada Hoffler Properties, Inc. (AHH)

Armada Hoffler Properties Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	35.65	8.29	74.75	21.89
Depreciation & Amortization	84.66	91.28	69.53	63.91
Other Amortization	4.66	3.96	3.48	4.9
Gain (Loss) on Sale of Assets	-21.31	-0.74	-53.47	-19.04
Gain (Loss) on Sale of Investments	-	-	-	-2.18
Asset Writedown	1.49	0.1	0.42	21.38
Stock-Based Compensation	5.1	3.68	3.27	2.23
Income (Loss) on Equity Investments	-0.25	-	-	-
Change in Accounts Receivable	42.01	-73.14	-65.49	16.84
Change in Other Net Operating Assets	-37.08	48.79	62.57	-24.45
Other Operating Activities	-5.09	6.51	20.65	5.55
Operating Cash Flow	112.02	93.31	116.86	91.18
Operating Cash Flow Growth	20.05%	-20.15%	28.16%	0.01%
Acquisition of Real Estate Assets	-60.19	-91.84	-213.01	-137.72
Sale of Real Estate Assets	58.59	0.25	252.27	85.32
Net Sale / Acq. of Real Estate Assets	-1.59	-91.59	39.26	-52.39
Investment in Marketable & Equity Securities	-15.88	-70.05	-62.87	-11.61
Other Investing Activities	-4.3	-71.57	-1.99	10.96
Investing Cash Flow	-26.7	-237.27	-33.24	-57.63
Long-Term Debt Issued	269.47	402.57	678.57	161.81
Long-Term Debt Repaid	-257.58	-180.87	-723.74	-187.76
Net Debt Issued (Repaid)	11.89	221.7	-45.17	-25.95
Issuance of Common Stock	129.42	-	65.16	51.68
Repurchase of Common Stock	-1.57	-13.74	-0.77	-0.55
Common & Preferred Dividends Paid	-83.89	-80.4	-72.58	-58.71
Total Dividends Paid	-83.89	-80.4	-72.58	-58.71
Other Financing Activities	-99.12	-5.31	-18.84	-10
Net Cash Flow	42.06	-21.7	11.42	-9.99
Cash Interest Paid	71.63	44.92	29.88	29.24
Cash Income Tax Paid	1.15	-0.03	0	-0
Levered Free Cash Flow	118.23	91.86	58.53	87.14
Unlevered Free Cash Flow	167.58	127.99	83.33	108.33
Change in Working Capital	4.93	-24.35	-2.92	-7.61

Updated Feb 16, 2026. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q