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VIRGINIA BEACH - Armada Hoffler (NYSE: AHH) announced its Board of Directors has declared a regular quarterly cash dividend of $0.14 per common share, payable on July 8, 2025, to stockholders of record on June 30, 2025. The company has maintained dividend payments for 13 consecutive years, with the current yield standing at 8.25%. According to InvestingPro, AHH has raised its dividend for 4 consecutive years.
The real estate investment trust also declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This preferred dividend will be payable on July 15, 2025, to stockholders of record on July 1, 2025.
Armada Hoffler is a vertically integrated, self-managed REIT that develops, builds, acquires, and manages office, retail, and multifamily properties, primarily in the Mid-Atlantic and Southeastern United States.
The company, which was founded in 1979 by Daniel A. Hoffler, has elected to be taxed as a REIT for U.S. federal income tax purposes.
This information is based on a press release statement from the company.
In other recent news, Armada Hoffler Properties, Inc. reported its financial results for the first quarter of 2025, which fell short of analysts’ expectations. The company announced an earnings per share (EPS) of -$0.07, missing the forecasted $0.01, and reported revenue of $63.8 million, below the anticipated $66.03 million. Despite these results, Armada Hoffler reaffirmed its full-year 2025 normalized funds from operations (FFO) guidance of $1.00 to $1.10 per diluted share. Additionally, the company’s portfolio maintained a strong occupancy rate, with office spaces at 97.5% occupancy. In a separate development, Eva Hardy, lead independent director at Armada Hoffler, will retire from the company’s Board of Directors after serving since 2015, in accordance with the company’s mandatory retirement age policy. The company highlighted its strategic focus on mixed-use community development and redevelopment projects, with management emphasizing the potential for these projects to unlock future value. The leadership team remains committed to prudent cash management and strategic execution to navigate the current market environment.
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