Armada Hoffler Tower

Armada Hoffler Finalizes Lease with KPMG LLP at Town Center of Virginia Beach

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Jeudi, janvier 4, 2024

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VIRGINIA BEACH, Va., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announces a new office tenant at Town Center of Virginia Beach, its longtime corporate headquarters.

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VIRGINIA BEACH, Va., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announces a new office tenant at Town Center of Virginia Beach, its longtime corporate headquarters.
The Company completed a new lease with KPMG LLP, the U.S. audit, tax and advisory firm.
Beginning January 2024, KPMG will occupy 13,044 square feet, bringing the mixed-use property’s office space to 98% leased.
We are thrilled to bring another global office tenant to our flagship mixed use development, Town Center of Virginia Beach,” said Louis Haddad, President and CEO of Armada Hoffler.

Armada Hoffler Reports Third Quarter 2023 Results

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Jeudi, novembre 2, 2023

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VIRGINIA BEACH, Va., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarter ended September 30, 2023 and provided an update on current events.

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VIRGINIA BEACH, Va., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarter ended September 30, 2023 and provided an update on current events.
Maintained the Company's previous guidance range for 2023 full-year Normalized FFO of $1.23 to $1.27 per diluted share.
Third-party construction backlog as of September 30, 2023 was $513.6 million and construction gross profit for the third quarter was $3.3 million.
“Our vertically integrated business model continues to prove advantageous in most any economic climate and our best-in-market properties yielded impressive results for yet another quarter,” said Louis Haddad, President & CEO of Armada Hoffler.

Armada Hoffler Reports Second Quarter 2023 Results

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Jeudi, août 3, 2023

VIRGINIA BEACH, Va., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarter ended June 30, 2023 and provided an update on current events.

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VIRGINIA BEACH, Va., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarter ended June 30, 2023 and provided an update on current events.
Third-party construction backlog as of June 30, 2023 was $593 million and construction gross profit for the second quarter was $3.5 million.
FFO attributable to common stockholders and OP Unit holders for the second quarter increased to $31.4 million compared to $27.0 million for the second quarter of 2022.
Normalized FFO attributable to common stockholders and OP Unit holders for the second quarter increased to $28.3 million compared to $26.2 million for the second quarter of 2022.

Armada Hoffler Announces $50 Million Share Repurchase Program

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Jeudi, juin 15, 2023

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VIRGINIA BEACH, Va., June 15, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced today that its Board of Directors has authorized the repurchase of an aggregate of $50 million of the Company’s shares of common stock and Series A preferred stock in a newly established share repurchase program.

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VIRGINIA BEACH, Va., June 15, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced today that its Board of Directors has authorized the repurchase of an aggregate of $50 million of the Company’s shares of common stock and Series A preferred stock in a newly established share repurchase program.
Any repurchase will be made in accordance with the rules of the Securities and Exchange Commission, New York Stock Exchange, and other applicable legal requirements.
The program may be suspended or discontinued at any time and does not obligate Armada Hoffler to make any purchases of its stock.
These forward-looking statements include comments relating to, among other things, the timing, manner, price, or amount of repurchases, if any, under the Company’s stock repurchase program and the factors the Company’s management may consider in deciding whether to effect repurchases under the stock repurchase program.

Real Estate Development Processes Evolve with Cutting Edge Innovations

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Vendredi, juin 2, 2023

NEW YORK, June 2, 2023 /PRNewswire/ -- In recent years, mixed-use real estate development has gained significant momentum worldwide, transforming the way we think about urban spaces. By integrating residential, commercial, and recreational elements into a single project, these developments offer a multitude of benefits for both developers and investors. In recent years, developers started to leverage cutting-edge solutions to streamline construction processes, enhance efficiency, and improve overall project management. The use of Building Information Modeling (BIM) allows for detailed planning and collaboration among various stakeholders, resulting in optimized designs and cost-effective construction methods. As for financing, mixed-use developments require significant investment due to their complex nature. However, the benefits they offer, including diversification and reduced risk, make them an attractive option for both developers and investors. VCI Global Limited (NASDAQ: VCIG), Kilroy Realty Corporation (NYSE: KRC), VICI Properties Inc. (NYSE: VICI), Armada Hoffler Properties, Inc. (NYSE: AHH), Essential Properties Realty Trust, Inc. (NYSE: EPRT)

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NEW YORK, June 2, 2023 /PRNewswire/ -- In recent years, mixed-use real estate development has gained significant momentum worldwide, transforming the way we think about urban spaces.
In recent years, developers started to leverage cutting-edge solutions to streamline construction processes, enhance efficiency, and improve overall project management.
VCI Global Limited (NASDAQ: VCIG), Kilroy Realty Corporation (NYSE: KRC), VICI Properties Inc. (NYSE: VICI), Armada Hoffler Properties, Inc. (NYSE: AHH), Essential Properties Realty Trust, Inc. (NYSE: EPRT)
A rapidly emerging region for mixed-use real estate development is Southeast Asia.
VCI Global Limited (NASDAQ: VCIG) announced yesterday breaking news that, "its wholly owned subsidiary, V Capital Real Estate Sdn Bhd ("V Capital Real Estate") has been engaged as a consultant by Tinta Anggun Engineering Sdn Bhd ("Tinta Anggun").

Real Estate Development Processes Evolve with Cutting Edge Innovations

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Vendredi, juin 2, 2023

NEW YORK, June 2, 2023 /PRNewswire/ -- In recent years, mixed-use real estate development has gained significant momentum worldwide, transforming the way we think about urban spaces. By integrating residential, commercial, and recreational elements into a single project, these developments offer a multitude of benefits for both developers and investors. In recent years, developers started to leverage cutting-edge solutions to streamline construction processes, enhance efficiency, and improve overall project management. The use of Building Information Modeling (BIM) allows for detailed planning and collaboration among various stakeholders, resulting in optimized designs and cost-effective construction methods. As for financing, mixed-use developments require significant investment due to their complex nature. However, the benefits they offer, including diversification and reduced risk, make them an attractive option for both developers and investors. VCI Global Limited (NASDAQ: VCIG), Kilroy Realty Corporation (NYSE: KRC), VICI Properties Inc. (NYSE: VICI), Armada Hoffler Properties, Inc. (NYSE: AHH), Essential Properties Realty Trust, Inc. (NYSE: EPRT)

Key Points:

NEW YORK, June 2, 2023 /PRNewswire/ -- In recent years, mixed-use real estate development has gained significant momentum worldwide, transforming the way we think about urban spaces.
In recent years, developers started to leverage cutting-edge solutions to streamline construction processes, enhance efficiency, and improve overall project management.
VCI Global Limited (NASDAQ: VCIG), Kilroy Realty Corporation (NYSE: KRC), VICI Properties Inc. (NYSE: VICI), Armada Hoffler Properties, Inc. (NYSE: AHH), Essential Properties Realty Trust, Inc. (NYSE: EPRT)
A rapidly emerging region for mixed-use real estate development is Southeast Asia.
VCI Global Limited (NASDAQ: VCIG) announced yesterday breaking news that, "its wholly owned subsidiary, V Capital Real Estate Sdn Bhd ("V Capital Real Estate") has been engaged as a consultant by Tinta Anggun Engineering Sdn Bhd ("Tinta Anggun").

Armada Hoffler Finalizes the $215 Million Acquisition of The Interlock in Atlanta’s West Midtown

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Lundi, mai 22, 2023

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VIRGINIA BEACH, Va., May 22, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) completed the previously announced $215 million addition to its greater Atlanta portfolio by closing the purchase of a Class A commercial mixed use development at The Interlock in West Midtown.

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VIRGINIA BEACH, Va., May 22, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) completed the previously announced $215 million addition to its greater Atlanta portfolio by closing the purchase of a Class A commercial mixed use development at The Interlock in West Midtown.
“We are thrilled to complete this transaction, which is immediately accretive, reinforcing our core focus on prime mixed-use real estate,” said Louis Haddad, President and CEO of Armada Hoffler.
Georgia Advanced Technology Ventures, a cooperative non-profit organization of Georgia Tech, further enhances The Interlock with its 50,000-square-foot anchor tenancy.
The Interlock is home to the Institute’s Encore operation, which is an extension of their Advanced Technology Development Center (ATDC).

Armada Hoffler Reports First Quarter 2023 Results

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Mardi, mai 9, 2023

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Announced major off market, mixed-use acquisition of The Interlock in West Midtown, Atlanta

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Announced major off market, mixed-use acquisition of The Interlock in West Midtown, Atlanta
VIRGINIA BEACH, Va., May 09, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarter ended March 31, 2023 and provided an update on current events.
Maintained 2023 full-year Normalized FFO guidance of $1.23 to $1.27 per diluted share at the Company's previous guidance range.
Lease rates on first quarter retail lease renewals increased 10.1% on a GAAP basis and 6.8% on a cash basis.
“We continue to see our best in class properties, located in desirable markets, yield impressive results in most any economic climate,” said Louis Haddad, President & CEO of Armada Hoffler.

Armada Hoffler Announces Major Acquisition of Class A Mixed-Use Asset, The Interlock

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Vendredi, mai 5, 2023

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This transaction further establishes Armada Hoffler’s footprint in the Atlanta market and core focus on prime mixed-use real estate assets.

Key Points:

This transaction further establishes Armada Hoffler’s footprint in the Atlanta market and core focus on prime mixed-use real estate assets.
The Interlock is another extraordinary addition to our portfolio of investments in high-profile, mixed-use developments in the Southeast,” said Louis Haddad, President and CEO of Armada Hoffler.
“We are thrilled to contribute our position in The Interlock for operating partnership units in Armada Hoffler,” stated Steve Collins of The Interlock LLC.
“Through this transaction, we look forward to continuing to participate in the upside potential of not only The Interlock, but the entire Armada Hoffler organization.

Armada Hoffler Reports Fourth Quarter and Full Year 2022 Results

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Mardi, février 14, 2023

VIRGINIA BEACH, Va., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarter and year ended December 31, 2022 and provided an update on current events.

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Normalized FFO of $0.35 per Diluted Share for the Fourth Quarter and $1.22 per Diluted Share for the Full Year, Representing a 13% Year-Over-Year Increase
VIRGINIA BEACH, Va., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarter and year ended December 31, 2022 and provided an update on current events.
Introduced 2023 full-year Normalized FFO guidance of $1.23 to $1.27 per diluted share, with the mid-point of the range representing a moderate increase over 2022 actual results.
Positive renewal spreads during the fourth quarter across all segments:
Lease rates on fourth quarter office lease renewals increased 6.1% on a GAAP basis and 1.9% on a cash basis.
Lease rates on fourth quarter retail lease renewals increased 10.3% on a GAAP basis and 5.4% on a cash basis.