Armada Hoffler Properties Inc reports results for the quarter ended in January - Earnings Summary

AH Realty Trust

08/08/2024 03:23

* Armada Hoffler Properties Inc  AHH.N  reported quarterly
adjusted earnings of 2 cents​​ per share for the quarter ended
in January, lower than the same quarter last year, when the
company reported EPS of 13 cents.  The mean expectation of
two analysts for the quarter was for earnings of 6 cents per
share. Wall Street expected results to range from 1 cents to 10
cents per share.
    * Revenue rose 5.5% to $63.27 million from a year ago;
analysts
expected $61.92 million. 
    * Armada Hoffler Properties Inc's reported EPS for the
quarter was
breakeven results​.
    * The company reported quarterly net income of $375
thousand.
    * Armada Hoffler Properties Inc shares had risen by 3.3%
this
quarter and lost 7.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
reits
peer group is also "buy"

Wall Street's median 12-month price target for Armada Hoffler
Properties Inc is $12.75 
This summary was machine generated from LSEG data August 8 at
02:23 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.31           0.34           Beat
 Mar. 31 2024      0.30           0.33           Beat
 Dec. 31 2023      0.32           0.31           Missed
 Sep. 30 2023      0.32           0.31           Missed