Armada Hoffler Properties Second Quarter 2024 Earnings: FFO per share: US$0.3 (vs US$0.46 in 2Q 2023)
Armada Hoffler Properties (NYSE:AHH) Second Quarter 2024 Results
Key Financial Results
Revenue: US$184.7m (up 11% from 2Q 2023).
Funds from operations (FFO): US$22.4m (down 28% from 2Q 2023).
FFO margin: 12% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses.
FFO per share: US$0.3 (down from US$0.46 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Armada Hoffler Properties Earnings Insights
Looking ahead, revenue is expected to decline by 24% p.a. on average during the next 3 years, while revenues in the REITs industry in the US are expected to grow by 4.1%.
Performance of the American REITs industry.
The company's shares are down 2.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Armada Hoffler Properties (of which 1 is significant!) you should know about.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.