(AHH) Armada Hflr Pr - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US04208T1088

Stock: Retail, Office, Multifamily, Construction

Total Rating 28
Risk 75
Buy Signal 0.14

EPS (Earnings per Share)

EPS (Earnings per Share) of AHH over the last years for every Quarter: "2020-12": 0.02, "2021-03": 0.03, "2021-06": 0.07, "2021-09": 0.06, "2021-12": 0.18, "2022-03": 0.11, "2022-06": 0.31, "2022-09": 0.38, "2022-12": 0.13, "2023-03": 0.03, "2023-06": 0.13, "2023-09": 0.06, "2023-12": -0.27, "2024-03": 0.17, "2024-06": 0.02, "2024-09": -0.11, "2024-12": 0.26, "2025-03": -0.06, "2025-06": 0.05, "2025-09": -0.04,

Revenue

Revenue of AHH over the last years for every Quarter: 2020-12: 98.511, 2021-03: 81.304, 2021-06: 65.786, 2021-09: 67.062, 2021-12: 69.924, 2022-03: 82.853, 2022-06: 103.849, 2022-09: 126.257, 2022-12: 151.604, 2023-03: 144.175, 2023-06: 165.939, 2023-09: 166.011, 2023-12: 191.033, 2024-03: 193.482, 2024-06: 184.736, 2024-09: 187.652, 2024-12: 142.6, 2025-03: 114.643, 2025-06: 101.263, 2025-09: 96.082,

Dividends

Dividend Yield 8.02%
Yield on Cost 5y 6.76%
Yield CAGR 5y -3.28%
Payout Consistency 92.7%
Payout Ratio 284.1%
Risk 5d forecast
Volatility 24.4%
Relative Tail Risk -0.90%
Reward TTM
Sharpe Ratio -0.82
Alpha -34.03
Character TTM
Beta 0.722
Beta Downside 0.861
Drawdowns 3y
Max DD 46.37%
CAGR/Max DD -0.25

Description: AHH Armada Hflr Pr December 25, 2025

Armada Hoffler (NYSE: AHH) is a vertically integrated REIT that develops, builds, acquires, and manages retail, office, and multifamily assets, primarily across the Mid-Atlantic and Southeast. Since its 1979 founding by Daniel A. Hoffler, the firm also offers general construction services to third-party clients and reinvests development projects into its own stabilized portfolio, operating under REIT tax status.

Key performance indicators as of Q4 2023 show an occupancy rate of roughly 93% across its core property types, with funds-from-operations (FFO) growing about 6% year-over-year. The portfolio’s weighted-average lease term remains near 5.8 years, helping mitigate short-term market volatility. AHH’s leverage sits at approximately 5.2× net debt to EBITDA, a level that is modest for the sector but still sensitive to rising interest rates-a macro driver that has been pressuring cap rates in the diversified REIT space.

For a deeper dive into AHH’s valuation metrics, you might explore ValueRay’s analyst tools.

Piotroski VR‑10 (Strict, 0-10) 1.5

Net Income: 26.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA -2.22 > 1.0
NWC/Revenue: 47.45% < 20% (prev 19.72%; Δ 27.73% < -1%)
CFO/TA 0.02 > 3% & CFO 58.3m > Net Income 26.7m
Net Debt (1.56b) to EBITDA (208.5m): 7.50 < 3
Current Ratio: 3.49 > 1.5 & < 3
Outstanding Shares: last quarter (102.1m) vs 12m ago 48.11% < -2%
Gross Margin: 42.97% > 18% (prev 0.27%; Δ 4270 % > 0.5%)
Asset Turnover: 17.69% > 50% (prev 29.55%; Δ -11.86% > 0%)
Interest Coverage Ratio: 1.37 > 6 (EBITDA TTM 208.5m / Interest Expense TTM 80.5m)

Altman Z'' 0.36

A: 0.08 (Total Current Assets 302.4m - Total Current Liabilities 86.7m) / Total Assets 2.58b
B: -0.10 (Retained Earnings -257.7m / Total Assets 2.58b)
C: 0.04 (EBIT TTM 110.5m / Avg Total Assets 2.57b)
D: -0.15 (Book Value of Equity -256.1m / Total Liabilities 1.73b)
Altman-Z'' Score: 0.36 = B

Beneish M -3.25

DSRI: 1.50 (Receivables 247.8m/275.4m, Revenue 454.6m/756.9m)
GMI: 0.62 (GM 42.97% / 26.72%)
AQI: 1.01 (AQ_t 0.84 / AQ_t-1 0.83)
SGI: 0.60 (Revenue 454.6m / 756.9m)
TATA: -0.01 (NI 26.7m - CFO 58.3m) / TA 2.58b)
Beneish M-Score: -3.25 (Cap -4..+1) = AA

What is the price of AHH shares?

As of February 06, 2026, the stock is trading at USD 7.03 with a total of 582,511 shares traded.
Over the past week, the price has changed by +3.38%, over one month by +6.35%, over three months by +11.84% and over the past year by -21.40%.

Is AHH a buy, sell or hold?

Armada Hflr Pr has received a consensus analysts rating of 3.75. Therefor, it is recommend to hold AHH.
  • StrongBuy: 2
  • Buy: 0
  • Hold: 1
  • Sell: 1
  • StrongSell: 0

What are the forecasts/targets for the AHH price?

Issuer Target Up/Down from current
Wallstreet Target Price 8.3 17.4%
Analysts Target Price 8.3 17.4%
ValueRay Target Price 7.6 8.4%

AHH Fundamental Data Overview February 05, 2026

P/E Trailing = 31.1364
P/E Forward = 39.5257
P/S = 1.5688
P/B = 1.1738
P/EG = 6.94
Revenue TTM = 454.6m USD
EBIT TTM = 110.5m USD
EBITDA TTM = 208.5m USD
Long Term Debt = 1.49b USD (from longTermDebt, last quarter)
Short Term Debt = 140.3m USD (from shortTermDebt, last fiscal year)
Debt = 1.61b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.56b USD (from netDebt column, last quarter)
Enterprise Value = 2.27b USD (710.1m + Debt 1.61b - CCE 46.5m)
Interest Coverage Ratio = 1.37 (Ebit TTM 110.5m / Interest Expense TTM 80.5m)
EV/FCF = 39.00x (Enterprise Value 2.27b / FCF TTM 58.3m)
FCF Yield = 2.56% (FCF TTM 58.3m / Enterprise Value 2.27b)
FCF Margin = 12.83% (FCF TTM 58.3m / Revenue TTM 454.6m)
Net Margin = 5.87% (Net Income TTM 26.7m / Revenue TTM 454.6m)
Gross Margin = 42.97% ((Revenue TTM 454.6m - Cost of Revenue TTM 259.3m) / Revenue TTM)
Gross Margin QoQ = 53.27% (prev 47.41%)
Tobins Q-Ratio = 0.88 (Enterprise Value 2.27b / Total Assets 2.58b)
Interest Expense / Debt = 1.41% (Interest Expense 22.7m / Debt 1.61b)
Taxrate = 21.0% (US default 21%)
NOPAT = 87.3m (EBIT 110.5m * (1 - 21.00%))
Current Ratio = 3.49 (Total Current Assets 302.4m / Total Current Liabilities 86.7m)
Debt / Equity = 2.52 (Debt 1.61b / totalStockholderEquity, last quarter 638.8m)
Debt / EBITDA = 7.50 (Net Debt 1.56b / EBITDA 208.5m)
Debt / FCF = 26.82 (Net Debt 1.56b / FCF TTM 58.3m)
Total Stockholder Equity = 654.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.04% (Net Income 26.7m / Total Assets 2.58b)
RoE = 4.07% (Net Income TTM 26.7m / Total Stockholder Equity 654.7m)
RoCE = 5.16% (EBIT 110.5m / Capital Employed (Equity 654.7m + L.T.Debt 1.49b))
RoIC = 4.66% (NOPAT 87.3m / Invested Capital 1.87b)
WACC = 3.40% (E(710.1m)/V(2.32b) * Re(8.58%) + D(1.61b)/V(2.32b) * Rd(1.41%) * (1-Tc(0.21)))
Discount Rate = 8.58% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.50%
[DCF Debug] Terminal Value 86.66% ; FCFF base≈80.9m ; Y1≈83.6m ; Y5≈94.6m
Fair Price DCF = 15.57 (EV 2.81b - Net Debt 1.56b = Equity 1.25b / Shares 80.2m; r=5.90% [WACC]; 5y FCF grow 3.48% → 2.90% )
EPS Correlation: -48.06 | EPS CAGR: -15.84% | SUE: -0.58 | # QB: 0
Revenue Correlation: 29.10 | Revenue CAGR: 8.84% | SUE: 0.18 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.03 | Chg30d=+0.000 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.14 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=+462.5% | Growth Revenue=+6.0%

Additional Sources for AHH Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle