Armada Hoffler Properties (AHRT) financial statements
Armada Hoffler Properties reported revenue of $210M in fiscal 2025, down 2.3% a year over 9 years.
Net income was $6M and the operating margin 23.1%, against 22.1% in 2016.
The diluted share count rose 60% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Armada Hoffler Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $258M | $303M | $76M | $106M | $217M | $92M | $235M | $413M | $433M | $210M |
| Cost of revenue | — | $187M | $74M | $102M | — | — | — | — | — | — |
| Gross profit | — | $116M | $81M | $106M | $117M | $143M | $167M | $184M | — | — |
| Selling, general and admin | $10M | $10M | $11M | $12M | $13M | $15M | $16M | $17M | $19M | $20M |
| Operating income | $57M | $40M | $32M | $43M | $49M | $59M | $134M | $61M | $59M | $49M |
| Interest expense | $16M | $17M | $19M | $31M | $31M | $34M | $40M | $58M | $79M | $85M |
| Pre-tax income | $43M | $31M | $23M | $32M | $37M | $25M | $100M | $9M | $42M | — |
| Income tax | $343,000 | $725,000 | -$29,000 | -$491,000 | -$283,000 | -$742,000 | -$145,000 | $1M | -$614,000 | -$482,000 |
| Net income | $28M | $21M | $17M | $24M | $29M | $22M | $75M | $8M | $36M | $6M |
| EPS (diluted) | $0.85 | $0.50 | $0.36 | $0.41 | $0.38 | $0.17 | $0.94 | -$0.05 | $0.34 | -$0.08 |
| Diluted shares | 50M | 42M | 48M | 53M | 57M | 61M | 68M | 68M | 71M | 80M |
| Gross margin | — | 38.4% | 106.2% | 100.5% | 53.9% | 155.4% | 71.2% | 44.5% | — | — |
| Operating margin | 22.1% | 13.1% | 41.9% | 40.3% | 22.4% | 64.3% | 57.2% | 14.8% | 13.7% | 23.1% |
| Net margin | 10.9% | 7.0% | 22.5% | 22.7% | 13.4% | 23.8% | 31.8% | 2.0% | 8.2% | 2.7% |
Balance sheet
Fiscal years, from Armada Hoffler Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $22M | $20M | $21M | $39M | $41M | $35M | $47M | $20M | $22M | $41M |
| Total assets | $982M | $1.0B | $1.3B | $1.8B | $1.9B | $1.9B | $2.2B | $2.6B | $2.5B | $2.6B |
| Total liabilities | $633M | $623M | $809M | $1.1B | $1.2B | $1.2B | $1.3B | $1.8B | $1.6B | $1.8B |
| Shareholders' equity | $148M | $227M | $274M | $409M | $523M | $555M | $647M | $573M | $671M | $628M |
| Net debt | -$22M | -$20M | -$21M | -$39M | -$41M | -$35M | -$47M | -$20M | -$22M | -$41M |
Cash flow
Fiscal years, from Armada Hoffler Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $57M | $51M | $56M | $68M | $91M | $91M | $117M | $93M | $112M | $64M |
| Stock-based compensation | $1M | $1M | $1M | $2M | $2M | $2M | $3M | $4M | $5M | $7M |
| Dividends paid | $34M | $44M | $51M | $62M | $48M | $59M | $73M | $80M | $84M | $75M |
| Share buybacks (net) | — | — | — | — | — | $0 | $0 | -$13M | $0 | $0 |
| Net borrowing | $130M | $2M | $176M | $156M | -$123M | -$26M | -$45M | $222M | $12M | $206M |
| Dividends per share | $0.67 | $1.03 | $1.07 | $1.16 | $0.83 | $0.97 | $1.07 | $1.19 | $1.19 | $0.94 |
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What was Armada Hoffler Properties's revenue in 2025?
$210M in fiscal 2025, from its 10-K filing.
From Armada Hoffler Properties's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.