AHH
Armada Hflr Pr
NYSE: AHH · REAL ESTATE · REIT - DIVERSIFIED
$6.25
+0.48% today
Updated 2026-02-27
Market cap
$647.90M
P/E ratio
28.41
P/S ratio
2.29x
EPS (TTM)
$0.22
Dividend yield
9.00%
52W range
$5 – $7
Volume
1.1M
Armada Hflr Pr (AHH) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $135.13M | $130.18M | $108.48M | $140.04M | $168.07M | $252.44M | $258.38M | $302.77M | $193.32M | $257.20M | $383.63M | $302.53M | $471.13M | $667.16M | $708.47M | $285.20M |
| Revenue growth (YoY) | — | -3.7% | -16.7% | +29.1% | +20.0% | +50.2% | +2.4% | +17.2% | -36.2% | +33.0% | +49.2% | -21.1% | +55.7% | +41.6% | +6.2% | -59.7% |
| Cost of revenue | $98.32M | $89.49M | $67.65M | $97.96M | $121.16M | $192.33M | $184.91M | $222.54M | $112.23M | $150.83M | $266.57M | $156.45M | $299.96M | $478.57M | $505.02M | $92.01M |
| Gross profit | $36.80M | $40.69M | $40.83M | $42.07M | $46.90M | $60.11M | $73.48M | $80.23M | $81.08M | $106.37M | $117.07M | $146.09M | $171.17M | $188.58M | $203.45M | $193.19M |
| Gross margin | 27.2% | 31.3% | 37.6% | 30.0% | 27.9% | 23.8% | 28.4% | 26.5% | 41.9% | 41.4% | 30.5% | 48.3% | 36.3% | 28.3% | 28.7% | 67.7% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $2.52M | $3.73M | $3.23M | $6.94M | $7.71M | $8.40M | $9.55M | $10.44M | $11.43M | $12.39M | $12.90M | $14.61M | $15.69M | $18.12M | $20.23M | $20.34M |
| Operating income | $22.12M | $23.97M | $24.69M | $19.66M | $21.38M | $26.58M | $57.21M | $39.80M | $32.02M | $42.64M | $48.74M | $59.15M | $134.41M | $73.59M | $106.54M | $79.71M |
| Operating margin | 16.4% | 18.4% | 22.8% | 14.0% | 12.7% | 10.5% | 22.1% | 13.1% | 16.6% | 16.6% | 12.7% | 19.6% | 28.5% | 11.0% | 15.0% | 27.9% |
| EBITDA | $33.27M | $32.49M | $37.07M | $39.84M | $38.46M | $63.16M | $83.02M | $74.06M | $72.94M | $101.33M | $111.97M | $128.49M | $213.57M | $164.23M | $211.81M | $175.66M |
| EBITDA margin | 24.6% | 25.0% | 34.2% | 28.4% | 22.9% | 25.0% | 32.1% | 24.5% | 37.7% | 39.4% | 29.2% | 42.5% | 45.3% | 24.6% | 29.9% | 61.6% |
| EBIT | $22.29M | $20.78M | $25.47M | $27.03M | $23.48M | $44.48M | $59.56M | $48.09M | $42.55M | $63.11M | $67.71M | $58.62M | $139.49M | $66.80M | $120.84M | $84.14M |
| Interest expense | $18.21M | $18.13M | $16.56M | $12.30M | $10.65M | $13.33M | $16.47M | $17.44M | $19.09M | $31.34M | $31.04M | $33.91M | $39.68M | $57.81M | $78.97M | $85.31M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $3.74M | $2.27M | $8.90M | $9.36M | $7.69M | $19.64M | $28.07M | $21.05M | $17.20M | $24.05M | $29.15M | $21.89M | $74.75M | $8.29M | $35.65M | $5.60M |
| Net income growth (YoY) | — | -39.5% | +292.6% | +5.2% | -17.8% | +155.4% | +42.9% | -25.0% | -18.3% | +39.8% | +21.2% | -24.9% | +241.4% | -88.9% | +330.1% | -84.3% |
| Profit margin | 2.8% | 1.7% | 8.2% | 6.7% | 4.6% | 7.8% | 10.9% | 7.0% | 8.9% | 9.4% | 7.6% | 7.2% | 15.9% | 1.2% | 5.0% | 2.0% |