Armada Hoffler Properties: Q3 Earnings Snapshot
By AP News
Published - Nov 04, 2024, 04:24 PM ET
Last Updated - Dec 16, 2024, 05:41 PM EST
VIRGINIA BEACH, Va. (AP) — VIRGINIA BEACH, Va. (AP) — Armada Hoffler Properties Inc. (AHH) on Monday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations.
The real estate investment trust, based in Virginia Beach, Virginia, said it had funds from operations of $31.4 million, or 35 cents per share, in the period.
The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 31 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
