AHH · Armada Hoffler Properties, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $285.20M | $708.47M | $667.16M | $454.15M | $284.08M | $383.63M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | $183.99M | $154.20M | $127.63M | $117.07M |
| R&D | - | - | - | - | - | - |
| SG&A | $20.34M | $20.23M | $18.12M | $15.69M | $14.61M | $12.90M |
| Total Operating Expenses | $117.14M | $623.23M | $594.31M | $390.19M | $262.42M | $341.28M |
| D&A | $72.46M | $68.28M | $63.46M | $59.97M | $51.55M | $43.67M |
| Operating Income | $80.86M | $106.54M | $73.59M | $117.43M | $40.70M | $48.74M |
| Interest Expense | $8.00M | $6.59M | $33.91M | $39.68M | $33.91M | $30.12M |
| Income Tax | ($482.0K) | ($614.0K) | $1.33M | ($145.0K) | ($742.0K) | ($283.0K) |
| Net Income | $5.60M | $35.65M | $8.29M | $74.75M | $21.89M | $29.15M |
| EPS - Basic | ($0.07) | $0.34 | ($0.05) | $0.94 | $0.38 | - |
| EPS - Diluted | ($0.07) | $0.34 | ($0.05) | $0.94 | $0.38 | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $49.15M | $70.64M | $27.92M | $48.14M | $35.25M | $41.00M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $2.60B | $2.51B | $2.56B | $2.24B | $1.94B | $1.92B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $1.53B | $1.30B | $1.40B | $1.07B | $917.56M | $963.85M |
| Total Liabilities | $1.77B | $1.62B | $1.76B | $1.34B | $1.16B | $1.16B |
| Stockholders' Equity | $627.78M | $670.64M | $572.62M | $647.45M | $555.35M | $523.20M |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $81.99M | $112.02M | $93.31M | $116.86M | $91.18M | $91.18M |
| Investing Cash Flow | ($26.53M) | ($26.70M) | ($237.27M) | ($33.24M) | ($57.63M) | ($26.23M) |
| Financing Cash Flow | $52.54M | ($43.26M) | $122.25M | ($72.19M) | ($43.54M) | ($58.10M) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | 27.6% | 34.0% | 44.9% | 30.5% |
| Operating margin | 28.4% | 15.0% | 11.0% | 25.9% | 14.3% | 12.7% |
| EBITDA margin | 53.8% | 24.7% | 20.5% | 39.1% | 32.5% | 24.1% |
| Net margin | 2.0% | 5.0% | 1.2% | 16.5% | 7.7% | 7.6% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.1% | 2.9% | 2.7% | 3.5% | 5.1% | 3.4% |
| Effective tax rate | -9.4% | -1.8% | 13.8% | -0.2% | -3.5% | -1.0% |
| Return on assets | 0.2% | 1.4% | 0.3% | 3.3% | 1.1% | 1.5% |
| Return on equity | 0.9% | 5.3% | 1.4% | 11.5% | 3.9% | 5.6% |
| Return on invested capital | 3.8% | 5.4% | 3.2% | 6.8% | 2.8% | 3.3% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 2.43 | 1.93 | 2.44 | 1.65 | 1.65 | 1.84 |
| Debt / Assets | 0.59 | 0.52 | 0.55 | 0.48 | 0.47 | 0.50 |
| Debt / EBITDA | 9.95 | 7.41 | 10.19 | 6.02 | 9.95 | 10.43 |
| Interest coverage | 10.1x | 16.2x | 2.2x | 3.0x | 1.2x | 1.6x |
| Equity multiplier | 4.14 | 3.75 | 4.48 | 3.46 | 3.49 | 3.66 |
| Liabilities / Assets | 0.68 | 0.65 | 0.69 | 0.60 | 0.60 | 0.61 |
| Efficiency | ||||||
| Asset turnover | 0.11 | 0.28 | 0.26 | 0.20 | 0.15 | 0.20 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -59.7% | 6.2% | 46.9% | 59.9% | -26.0% | 49.2% |
| Revenue CAGR (3y) | -14.4% | 35.6% | 20.3% | 20.9% | 13.7% | 8.2% |
| Revenue CAGR (5y) | -5.8% | 22.5% | 28.1% | 8.4% | 1.9% | 8.7% |
| Gross profit growth (YoY) | - | - | 19.3% | 20.8% | 9.0% | 65.8% |
| Operating income growth (YoY) | -24.1% | 44.8% | -37.3% | 188.6% | -16.5% | 14.3% |
| Net income growth (YoY) | -84.3% | 330.1% | -88.9% | 241.4% | -24.9% | 21.2% |
| EPS growth (YoY) | - | - | - | 147.4% | - | - |
| EPS CAGR (3y) | - | -3.6% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -6.4% | 17.1% | -11.6% | 16.6% | 6.1% | 28.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$13.40M totalGeneral Contracting And Real Estate Services$13.40M · 100.0%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Real Estate
Comparing Armada Hoffler Properties against the 5 most active filers in the same SIC group.