Export financials
Armada Hoffler Properties (AHH)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.

Armada Hoffler Properties Income Statement 2025-2010 | AHH
Brief overview of revenue and earnings at Armada Hoffler Properties
The overview follows changes across a five-year period. The revenue attributed to Armada Hoffler Properties moved from $384 million to $75.6 million between the two endpoints. The total change was −80.3%, with a CAGR of approximately −27.7%. The negative rate indicates weakening core operations.
EBITDA changed from $109 million to $95.9 million (−11.8%). Operating profitability strengthened faster than the scale of sales. EBITDA margin moved from 28.3% to 126.9%. The business generated more EBITDA from each unit of revenue.
Net profit was $29.2 million at the start and $3.9 million at the end. Profit pressure may reflect higher operating, financing, or tax costs.
Market capitalization changed from 576 million dollars to 501 million dollars (−13%). Capitalization moved ahead of the business fundamentals.
Summary assessment
The figures do not all move in the same direction. The constructive conclusion rests on higher operating efficiency. Caution is warranted because of a weaker final result and weak sales momentum. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Armada Hoffler Properties
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
501 M | 498 M | 423 M | 888 M | 832 M | 576 M | 1.44 B | 712 M | 896 M | 734 M | 483 M | 267 M | 176 M | - | - | - |
Shares |
80.2 M | 79.7 M | 67.7 M | 67.6 M | 60.6 M | 57.3 M | 77.6 M | 47.8 M | 62.5 M | 54 M | 44.8 M | 25 M | 19.2 M | - | - | - |
Historical Prices |
6.25 | 6.25 | 6.25 | 13.1 | 13.7 | 10 | 16.3 | 12.7 | 11.5 | 10.3 | 7.59 | 7.04 | 5.61 | - | - | - |
Net Income |
3.9 M | 42.5 M | 7.7 M | 100 M | 21.9 M | 29.2 M | 24.1 M | 17.2 M | 21 M | 28.1 M | 19.6 M | 7.69 M | 9.36 M | 8.9 M | 2.27 M | - |
Revenue |
75.6 M | 67.3 M | 254 M | 471 M | 284 M | 384 M | 257 M | 193 M | 303 M | 258 M | 252 M | 168 M | 140 M | 108 M | 130 M | - |
Cost of Revenue |
- | - | - | - | - | - | 102 M | 73.6 M | 187 M | - | - | - | - | - | - | - |
Gross Profit |
- | - | 184 M | 167 M | 128 M | 117 M | 106 M | 81.1 M | 80.2 M | 73.5 M | 60.1 M | 46.9 M | 42.1 M | 40.8 M | 40.7 M | - |
Operating Income |
23.5 M | 37.6 M | 61.1 M | 134 M | 40.7 M | 48.7 M | 42.6 M | 32 M | 39.8 M | 57.2 M | 26.6 M | 21.4 M | 19.7 M | 24.7 M | 24 M | - |
Interest Expense |
-57 K | 209 K | 57.8 M | 39.7 M | 302 K | 515 K | 615 K | 19.1 M | 17.4 M | 16.5 M | 13.3 M | 10.6 M | 12.3 M | 16.6 M | 18.1 M | - |
EBITDA |
95.9 M | 106 M | 124 M | 207 M | 110 M | 109 M | 94 M | 69.7 M | 69.8 M | 63.9 M | 51.7 M | 39.2 M | 35.1 M | 37.6 M | 37 M | - |
Operating Expenses |
28 M | 29.7 M | - | - | - | - | 67.3 M | 51.3 M | 47.8 M | 44.9 M | 31.6 M | 25.3 M | 21.8 M | 16.1 M | 16.7 M | - |
General and Administrative Expenses |
20.3 M | 19.3 M | 17.2 M | 15.7 M | 14.6 M | 12.9 M | 12.4 M | 11.4 M | 10.4 M | 9.55 M | 8.4 M | 7.71 M | 6.94 M | 3.23 M | 3.73 M | - |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Income Statement Armada Hoffler Properties
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
75.3 M | 79.8 M | 80.2 M | 80.2 M | 80 M | 79.7 M | 68.9 M | 67.1 M | 66.8 M | 66.8 M | 67.9 M | 67.9 M | 67.8 M | 67.7 M | - | - | 67.1 M | 63 M | 61.1 M | 60.4 M | 59.4 M | 59.1 M | 57.9 M | 56.7 M | 56.4 M | 56.3 M | 53.5 M | 52.5 M | 50.9 M | 50 M | 49.2 M | 45.9 M | 45.1 M | 44.9 M | 44.9 M | 42.1 M | 37.6 M | 37.5 M | 33.8 M | 31.7 M | 30.2 M | 30.1 M | 26 M | 25.6 M | 25 M | 25 M | 20.3 M | 19.2 M | 19.2 M | 19.2 M | 19.2 M | 18.6 M | 19.2 M | 19.2 M | - | - | 1 K | - | - | - | - |
Net Income |
-15.7 M | -23.2 M | 80 K | 5.95 M | -2.8 M | - | -5.04 M | 3.17 M | 14.1 M | - | 6.94 M | 11.9 M | 4.71 M | - | - | - | 9.99 M | - | 6.51 M | 7.03 M | 5.2 M | - | 8.61 M | 9.3 M | 6.99 M | 7.86 M | 8.31 M | 4.57 M | 4.88 M | 4.9 M | 4.2 M | 4.32 M | 5.04 M | 5.77 M | 7.49 M | 3.47 M | 5.94 M | 5.14 M | 5.21 M | 2.03 M | 17.4 M | 8.44 M | 4.34 M | 10.3 M | 8.12 M | 5.23 M | 2.75 M | 2.27 M | 2.51 M | 2.87 M | 1.25 M | 8.4 M | 1.93 M | 3.15 M | 1.76 M | 2.11 M | 1.88 M | - | - | - | - |
Revenue |
52.5 M | 52.3 M | 96.1 M | 101 M | 115 M | - | 188 M | 185 M | 193 M | - | 166 M | 166 M | 144 M | - | - | - | 82.9 M | - | 67.1 M | 65.8 M | 81.3 M | - | 98.3 M | 97.3 M | 89.6 M | - | 69.9 M | 57.8 M | 47.9 M | - | 48.9 M | 49.3 M | 51.7 M | - | 68.3 M | 83.4 M | 90.8 M | - | 63.9 M | 57.5 M | 60.1 M | - | 75.1 M | 67 M | 47.3 M | - | 48.2 M | 35.8 M | 34.4 M | - | 36.8 M | 37.5 M | 10.9 M | - | 26.9 M | 26 M | - | - | - | - | - |
Cost of Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 45.6 M | - | - | - | 16.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | - | 48.8 M | - | - | 48.4 M | 46.6 M | 43.4 M | - | - | - | 40 M | - | 32.9 M | 30.9 M | 30.9 M | - | 26.8 M | 29.4 M | 30.3 M | 28.9 M | 29.4 M | 26.3 M | 21.8 M | 21.1 M | 20 M | 19.9 M | 20.1 M | 19.2 M | 19.4 M | 20.6 M | 21 M | 19.7 M | 18.4 M | 18 M | 17.4 M | - | 16.5 M | 15.1 M | 12.7 M | - | 11.9 M | 11.2 M | 11.1 M | - | 10.7 M | 10.4 M | 9.46 M | - | 9.4 M | 10.3 M | - | - | - | - | - |
Operating Income |
9.78 M | 11.6 M | 23.3 M | 20 M | 17.2 M | - | 25 M | 18.6 M | 23.4 M | - | 22.3 M | 23.8 M | 20.3 M | - | - | - | 17.4 M | - | 12.1 M | 9.73 M | 9.22 M | - | 13.4 M | 14.8 M | 11.9 M | - | 15.4 M | 9.74 M | 8.1 M | - | 7.33 M | 7.86 M | 7.78 M | - | 7.98 M | 8.27 M | 8.47 M | 19.7 M | 6.86 M | 6.71 M | 6 M | 15.8 M | 16.5 M | 15.1 M | 12.7 M | 12.7 M | 11.9 M | 11.2 M | 11.1 M | 11.5 M | 10.7 M | 10.4 M | 9.46 M | 11.1 M | 9.4 M | 10.3 M | 9.99 M | - | - | - | - |
Interest Expense |
3 K | 13 K | 28 K | 3 K | -75 K | - | 96 K | 79 K | 79 K | - | 15.4 M | 13.6 M | 12.3 M | - | - | - | 9.03 M | - | 8.83 M | 8.42 M | 7.98 M | - | 7.52 M | 7.23 M | 7.96 M | - | 8.83 M | 7.6 M | 5.89 M | - | 4.68 M | 4.5 M | 4.37 M | - | 4.25 M | 4.49 M | 4.54 M | - | 4.12 M | 3.98 M | 3.79 M | - | 3.52 M | 3.36 M | 3.05 M | - | 2.73 M | 2.68 M | 2.56 M | - | 2.6 M | 3.29 M | 3.92 M | - | 4.17 M | 4.22 M | - | - | - | - | - |
EBITDA |
36.7 M | 25.2 M | - | - | 35.7 M | - | - | - | 39.1 M | - | 69.1 M | 53 M | 34.5 M | - | - | - | 31 M | - | 12.1 M | 9.73 M | 27.3 M | - | 44.9 M | 35.6 M | 26.2 M | - | 30.8 M | 23.2 M | 18 M | - | 17.5 M | 17 M | 17.1 M | - | 17.2 M | 17.6 M | 17.9 M | 19.7 M | 15.7 M | 15.3 M | 14.1 M | 15.8 M | 22.8 M | 20.9 M | 17.6 M | 12.7 M | 16.4 M | 15.3 M | 15.1 M | 11.5 M | 14.7 M | 14.4 M | 12.6 M | 11.1 M | 12.1 M | 13.6 M | 9.99 M | - | - | - | - |
Operating Expenses |
- | 22.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 59.2 M | 48.1 M | 39.8 M | - | 41.6 M | 41.4 M | 44 M | - | 60.3 M | 75.2 M | 82.3 M | - | 57 M | 50.7 M | 54.1 M | - | 67.1 M | 60.3 M | 42 M | - | 42.9 M | 30.6 M | 29.3 M | - | 31.6 M | 34.6 M | - | - | 21.2 M | 19.8 M | - | - | - | - | - |
General and Administrative Expenses |
5 M | 4.72 M | 4.45 M | 6 M | 7.39 M | - | 5.19 M | 4.5 M | 5.87 M | - | 4.29 M | 4.05 M | 5.45 M | - | - | - | 4.71 M | - | 3.45 M | 3.49 M | 4.02 M | - | 2.6 M | 2.99 M | 3.79 M | - | 2.98 M | 2.95 M | 3.4 M | - | 2.37 M | 2.76 M | 2.96 M | - | 2.1 M | 2.68 M | 2.99 M | - | 2.16 M | 2.22 M | 2.48 M | - | 1.87 M | 2.1 M | 2.33 M | - | 1.74 M | 1.98 M | 2.05 M | - | 1.64 M | 2.86 M | 717 K | - | 904 K | 954 K | - | - | - | - | - |
Quarterly performance
Select metrics to display
All numbers in USD currency
The income statement is one of the three key financial reports of a company Armada Hoffler Properties (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
Reports on the profits and losses of other stocks in the Reit diversified industry
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
|
PS Business Parks
PSB
|
- | 0.1 % | $ 5.14 B | ||
|
Spirit Realty Capital
SRC
|
- | - | $ 5.69 B | ||
|
One Liberty Properties
OLP
|
$ 21.69 | -1.41 % | $ 453 M | ||
|
Safehold
SAFE
|
$ 10.66 | -5.29 % | $ 652 M | ||
|
Urban Edge Properties
UE
|
$ 19.11 | -2.05 % | $ 2.4 B | ||
|
Gladstone Commercial Corporation
GOOD
|
$ 11.63 | -3.0 % | $ 541 M | ||
|
W. P. Carey
WPC
|
$ 62.57 | -2.52 % | $ 13.8 B | ||
|
NexPoint Real Estate Finance
NREF
|
$ 15.23 | -2.12 % | $ 269 M | ||
|
Medalist Diversified REIT
MDRR
|
$ 11.11 | 3.83 % | $ 14 M | ||
|
VICI Properties
VICI
|
$ 23.15 | -0.94 % | $ 24.6 B | ||
|
Colony Credit Real Estate, Inc.
CLNC
|
- | 1.57 % | $ 1.34 B | ||
|
Colony Capital, Inc.
CLNY
|
- | - | $ 4.14 B | ||
|
Clipper Realty
CLPR
|
$ 3.17 | 2.59 % | $ 51.2 M | ||
|
VEREIT, Inc.
VER
|
- | -2.39 % | $ 11.5 B | ||
|
Alexander & Baldwin
ALEX
|
- | - | $ 1.52 B | ||
|
iStar
STAR
|
- | 2.07 % | $ 795 M | ||
|
STORE Capital Corporation
STOR
|
- | - | $ 9.11 B |