AHRT
Armada Hoffler Properties, Inc.
NYSE: AHRT · REAL ESTATE · REIT - DIVERSIFIED
$6.09
+1.16% today
Updated 2026-04-30
Market cap
$641.96M
P/E ratio
—
P/S ratio
2.27x
EPS (TTM)
$-0.14
Dividend yield
9.23%
52W range
$5 – $7
Volume
1.6M
Armada Hoffler Properties, Inc. (AHRT) 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 | $140.72M | $168.70M | $253.18M | $258.38M | $302.77M | $193.32M | $257.94M | $384.33M | $284.74M | $454.84M | $667.72M | $274.50M | $285.42M |
| Revenue growth (YoY) | — | -3.7% | -16.7% | +29.7% | +19.9% | +50.1% | +2.1% | +17.2% | -36.2% | +33.4% | +49.0% | -25.9% | +59.7% | +46.8% | -58.9% | +4.0% |
| Cost of revenue | $122.64M | $115.47M | $93.47M | $129.12M | $157.57M | $240.11M | $255.36M | $296.88M | $191.86M | $228.34M | $355.70M | $296.78M | $448.15M | $673.18M | $268.25M | $275.49M |
| Gross profit | $12.49M | $14.71M | $15.01M | $11.60M | $11.13M | $13.07M | $3.02M | $5.89M | $1.46M | $29.60M | $28.62M | $-12.04M | $6.69M | $-5.47M | $6.26M | $9.93M |
| Gross margin | 9.2% | 11.3% | 13.8% | 8.2% | 6.6% | 5.2% | 1.2% | 1.9% | 0.8% | 11.5% | 7.4% | -4.2% | 1.5% | -0.8% | 2.3% | 3.5% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | — | — | — | — | — | — | — | — | — | — | — | $14.61M | $15.69M | $18.12M | $20.23M | $20.34M |
| Operating income | $3.91M | $5.84M | $8.13M | $7.94M | $10.75M | $13.29M | $26.09M | $32.95M | $28.44M | $51.32M | $58.19M | $45.22M | $73.08M | $66.71M | $86.95M | $79.71M |
| Operating margin | 2.9% | 4.5% | 7.5% | 5.6% | 6.4% | 5.3% | 10.1% | 10.9% | 14.7% | 19.9% | 15.1% | 15.9% | 16.1% | 10.0% | 31.7% | 27.9% |
| EBITDA | $34.45M | $33.77M | $38.38M | $42.61M | $41.68M | $68.37M | $94.89M | $85.41M | $77.46M | $102.07M | $112.66M | $129.15M | $210.41M | $160.58M | $197.66M | $174.37M |
| EBITDA margin | 25.5% | 25.9% | 35.4% | 30.3% | 24.7% | 27.0% | 36.7% | 28.2% | 40.1% | 39.6% | 29.3% | 45.4% | 46.3% | 24.0% | 72.0% | 61.1% |
| EBIT | $22.29M | $20.78M | $25.47M | $27.03M | $23.48M | $44.48M | $59.56M | $48.09M | $37.55M | $63.11M | $67.71M | $58.62M | $135.64M | $62.59M | $106.39M | $82.63M |
| Interest expense | $18.21M | $18.13M | $16.56M | $12.30M | $10.65M | $13.33M | $16.47M | $17.44M | $14.09M | $31.34M | $31.04M | $33.91M | $35.83M | $53.60M | $78.54M | $83.78M |
| 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 | $2.33M | $8.87M | $7.34M | $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) | — | -37.8% | +280.9% | -17.3% | +4.8% | +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% | 1.8% | 8.2% | 5.2% | 4.6% | 7.8% | 10.9% | 7.0% | 8.9% | 9.3% | 7.6% | 7.7% | 16.4% | 1.2% | 13.0% | 2.0% |