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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.32M | - | $96.08M | $101.26M | $114.64M | - | $187.65M | $184.74M | $193.48M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | $51.48M | $48.83M | $48.10M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $4.72M | - | $4.45M | $6.00M | $7.39M | - | $5.19M | $4.50M | $5.87M | - |
| Total Operating Expenses | $40.55M | - | $72.82M | $81.30M | $97.47M | - | $162.70M | $166.18M | $170.13M | - |
| D&A | $13.56M | - | - | - | $18.52M | - | - | - | $15.75M | - |
| Operating Income | $11.63M | - | $23.26M | $19.97M | $17.18M | - | $24.96M | $18.55M | $23.35M | - |
| Interest Expense | $13.78M | - | $1.72M | $1.93M | $1.33M | - | $21.39M | $21.23M | $17.98M | - |
| Income Tax | - | - | $192.0K | ($567.0K) | $190.0K | - | $592.0K | ($1.25M) | $534.0K | - |
| Net Income | ($23.16M) | - | $80.0K | $5.95M | ($2.81M) | - | ($5.04M) | $3.17M | $14.07M | - |
| EPS - Basic | ($0.33) | - | ($0.04) | $0.04 | ($0.07) | - | ($0.11) | $0.00 | $0.17 | - |
| EPS - Diluted | ($0.33) | - | ($0.04) | $0.04 | ($0.07) | - | ($0.11) | $0.00 | $0.17 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $28.55M | $49.15M | $46.51M | $52.11M | $45.72M | $70.64M | $43.85M | $20.31M | $41.93M | $27.92M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $2.47B | $2.60B | $2.58B | $2.58B | $2.47B | $2.51B | $2.56B | $2.57B | $2.60B | $2.56B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $1.25B | $1.53B | $1.49B | $1.45B | $1.32B | $1.30B | $1.33B | $1.42B | $1.43B | $1.40B |
| Total Liabilities | $1.71B | $1.77B | $1.73B | $1.72B | $1.60B | $1.62B | $1.68B | $1.78B | $1.80B | $1.76B |
| Stockholders' Equity | $569.52M | $627.78M | $638.84M | $652.00M | $657.39M | $670.64M | $663.85M | $562.73M | $571.40M | $572.62M |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.42M | - | - | - | $107.0K | - | - | - | $46.49M | - |
| Investing Cash Flow | ($1.55M) | - | - | - | ($21.49M) | - | - | - | ($40.95M) | - |
| Financing Cash Flow | ($1.30M) | - | - | - | ($2.27M) | - | - | - | $8.15M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | 27.4% | 26.4% | 24.9% | - |
| Operating margin | 22.2% | - | 24.2% | 19.7% | 15.0% | - | 13.3% | 10.0% | 12.1% | - |
| EBITDA margin | 48.1% | - | - | - | 31.1% | - | - | - | 20.2% | - |
| Net margin | -44.3% | - | 0.1% | 5.9% | -2.4% | - | -2.7% | 1.7% | 7.3% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 9.0% | - | 4.6% | 5.9% | 6.4% | - | 2.8% | 2.4% | 3.0% | - |
| Effective tax rate | - | - | 70.6% | -10.5% | - | - | - | -64.7% | 3.7% | - |
| Return on assets | -0.9% | - | 0.0% | 0.2% | -0.1% | - | -0.2% | 0.1% | 0.5% | - |
| Return on equity | -4.1% | - | 0.0% | 0.9% | -0.4% | - | -0.8% | 0.6% | 2.5% | - |
| Return on invested capital | - | - | 0.5% | 1.0% | 0.7% | - | 1.0% | 0.9% | 1.1% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 2.19 | 2.43 | 2.33 | 2.22 | 2.01 | 1.93 | 2.00 | 2.52 | 2.50 | 2.44 |
| Debt / Assets | 0.50 | 0.59 | 0.58 | 0.56 | 0.54 | 0.52 | 0.52 | 0.55 | 0.55 | 0.55 |
| Debt / EBITDA | 49.44 | - | - | - | 37.00 | - | - | - | 36.53 | - |
| Interest coverage | 0.8x | - | 13.5x | 10.4x | 12.9x | - | 1.2x | 0.9x | 1.3x | - |
| Equity multiplier | 4.34 | 4.14 | 4.03 | 3.95 | 3.75 | 3.75 | 3.86 | 4.57 | 4.55 | 4.48 |
| Liabilities / Assets | 0.69 | 0.68 | 0.67 | 0.67 | 0.65 | 0.65 | 0.66 | 0.69 | 0.69 | 0.69 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.04 | 0.04 | 0.05 | - | 0.07 | 0.07 | 0.07 | - |
| 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) | -54.4% | - | -48.8% | -45.2% | -40.7% | - | 13.0% | 11.3% | 34.2% | - |
| Revenue CAGR (3y) | -28.7% | - | -7.8% | 0.3% | 13.1% | - | 40.9% | 41.1% | 33.5% | - |
| Revenue CAGR (5y) | -8.4% | - | -0.4% | 0.8% | 5.1% | - | 21.9% | 26.2% | 32.2% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | 6.4% | 4.9% | 10.9% | - |
| Operating income growth (YoY) | -32.3% | - | -6.8% | 7.6% | -26.4% | - | 11.7% | -22.0% | 14.8% | - |
| Net income growth (YoY) | -725.8% | - | - | 87.5% | - | - | - | -73.3% | 198.9% | - |
| EPS growth (YoY) | -371.4% | - | 63.6% | - | - | - | - | - | 466.7% | - |
| EPS CAGR (3y) | - | - | - | -49.5% | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -13.4% | -6.4% | -3.8% | 15.9% | 15.0% | 17.1% | 6.9% | -11.0% | -10.0% | -11.6% |
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%
Peer comparison
Same SIC group: Real Estate
Comparing Armada Hoffler Properties against the 5 most active filers in the same SIC group.