ARMADA HOFFLER PROPERTIES IN (AHH) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:AHH • US04208T1088

7.03 USD
+0.18 (+2.63%)
At close: Feb 4, 2026
7.03 USD
0 (0%)
After Hours: 2/4/2026, 8:04:00 PM
Fundamental Rating

3

Taking everything into account, AHH scores 3 out of 10 in our fundamental rating. AHH was compared to 124 industry peers in the Diversified REITs industry. Both the profitability and financial health of AHH have multiple concerns. AHH is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year AHH was profitable.
  • In the past year AHH had a positive cash flow from operations.
  • Of the past 5 years AHH 4 years were profitable.
  • AHH had a positive operating cash flow in each of the past 5 years.
AHH Yearly Net Income VS EBIT VS OCF VS FCFAHH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M

1.2 Ratios

  • With a Return On Assets value of 0.59%, AHH perfoms like the industry average, outperforming 47.58% of the companies in the same industry.
  • AHH has a Return On Equity (2.37%) which is comparable to the rest of the industry.
  • AHH has a Return On Invested Capital (2.78%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for AHH is in line with the industry average of 3.05%.
Industry RankSector Rank
ROA 0.59%
ROE 2.37%
ROIC 2.78%
ROA(3y)1.22%
ROA(5y)1.06%
ROE(3y)4.26%
ROE(5y)3.76%
ROIC(3y)3.02%
ROIC(5y)2.68%
AHH Yearly ROA, ROE, ROICAHH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

1.3 Margins

  • AHH has a Profit Margin (3.32%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of AHH has declined.
  • AHH has a Operating Margin (17.49%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of AHH has declined.
  • Looking at the Gross Margin, with a value of 42.97%, AHH is doing worse than 79.84% of the companies in the same industry.
  • In the last couple of years the Gross Margin of AHH has declined.
Industry RankSector Rank
OM 17.49%
PM (TTM) 3.32%
GM 42.97%
OM growth 3Y-5.03%
OM growth 5Y-3%
PM growth 3Y-2.11%
PM growth 5Y-16.54%
GM growth 3Y-13.85%
GM growth 5Y-7.04%
AHH Yearly Profit, Operating, Gross MarginsAHH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AHH is destroying value.
  • AHH has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AHH has more shares outstanding
  • The debt/assets ratio for AHH has been reduced compared to a year ago.
AHH Yearly Shares OutstandingAHH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
AHH Yearly Total Debt VS Total AssetsAHH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • AHH has an Altman-Z score of 0.36. This is a bad value and indicates that AHH is not financially healthy and even has some risk of bankruptcy.
  • AHH's Altman-Z score of 0.36 is in line compared to the rest of the industry. AHH outperforms 41.13% of its industry peers.
  • AHH has a debt to FCF ratio of 3036.42. This is a negative value and a sign of low solvency as AHH would need 3036.42 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 3036.42, AHH is doing good in the industry, outperforming 61.29% of the companies in the same industry.
  • A Debt/Equity ratio of 2.42 is on the high side and indicates that AHH has dependencies on debt financing.
  • The Debt to Equity ratio of AHH (2.42) is worse than 75.81% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.42
Debt/FCF 3036.42
Altman-Z 0.36
ROIC/WACC0.41
WACC6.87%
AHH Yearly LT Debt VS Equity VS FCFAHH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

  • AHH has a Current Ratio of 1.00. This is a normal value and indicates that AHH is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Current ratio value of 1.00, AHH perfoms like the industry average, outperforming 53.23% of the companies in the same industry.
  • AHH has a Quick Ratio of 1.00. This is a bad value and indicates that AHH is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of AHH (0.97) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1
Quick Ratio 0.97
AHH Yearly Current Assets VS Current LiabilitesAHH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 284.21% over the past year.
  • Measured over the past years, AHH shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.62% on average per year.
  • The Revenue for AHH has decreased by -39.94% in the past year. This is quite bad
  • Measured over the past years, AHH shows a very strong growth in Revenue. The Revenue has been growing by 22.46% on average per year.
EPS 1Y (TTM)284.21%
EPS 3Y-4.47%
EPS 5Y-3.62%
EPS Q2Q%63.64%
Revenue 1Y (TTM)-39.94%
Revenue growth 3Y35.61%
Revenue growth 5Y22.46%
Sales Q2Q%0.18%

3.2 Future

  • Based on estimates for the next years, AHH will show a very negative growth in Earnings Per Share. The EPS will decrease by -20.37% on average per year.
  • Based on estimates for the next years, AHH will show a small growth in Revenue. The Revenue will grow by 4.19% on average per year.
EPS Next Y-82.18%
EPS Next 2Y-40.29%
EPS Next 3Y-20.37%
EPS Next 5YN/A
Revenue Next Year3.64%
Revenue Next 2Y4.3%
Revenue Next 3Y4.79%
Revenue Next 5Y4.19%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
AHH Yearly Revenue VS EstimatesAHH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M
AHH Yearly EPS VS EstimatesAHH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 0.4 0.6 0.8

3

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 20.09, AHH is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of AHH indicates a rather cheap valuation: AHH is cheaper than 82.26% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.25, AHH is valued a bit cheaper.
  • AHH is valuated quite expensively with a Price/Forward Earnings ratio of 58.00.
  • AHH's Price/Forward Earnings is on the same level as the industry average.
  • AHH is valuated expensively when we compare the Price/Forward Earnings ratio to 27.50, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 20.09
Fwd PE 58
AHH Price Earnings VS Forward Price EarningsAHH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 67.74% of the companies in the same industry are more expensive than AHH, based on the Enterprise Value to EBITDA ratio.
  • AHH's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AHH is cheaper than 61.29% of the companies in the same industry.
Industry RankSector Rank
P/FCF 1401.54
EV/EBITDA 13.08
AHH Per share dataAHH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • AHH's earnings are expected to decrease with -20.37% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-40.29%
EPS Next 3Y-20.37%

5

5. Dividend

5.1 Amount

  • AHH has a Yearly Dividend Yield of 8.10%, which is a nice return.
  • Compared to an average industry Dividend Yield of 6.98, AHH pays a better dividend. On top of this AHH pays more dividend than 81.45% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, AHH pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.1%

5.2 History

  • The dividend of AHH decreases each year by -0.20%.
  • AHH has been paying a dividend for at least 10 years, so it has a reliable track record.
  • AHH has decreased its dividend recently.
Dividend Growth(5Y)-0.2%
Div Incr Years1
Div Non Decr Years1
AHH Yearly Dividends per shareAHH Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 600.47% of the earnings are spent on dividend by AHH. This is not a sustainable payout ratio.
  • AHH's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP600.47%
EPS Next 2Y-40.29%
EPS Next 3Y-20.37%
AHH Yearly Income VS Free CF VS DividendAHH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M
AHH Dividend Payout.AHH Dividend Payout, showing the Payout Ratio.AHH Dividend Payout.PayoutRetained Earnings

ARMADA HOFFLER PROPERTIES IN

NYSE:AHH (2/4/2026, 8:04:00 PM)

After market: 7.03 0 (0%)

7.03

+0.18 (+2.63%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-03
Earnings (Next)02-16
Inst Owners78.11%
Inst Owner Change-4.54%
Ins Owners0.63%
Ins Owner Change-4.13%
Market Cap728.80M
Revenue(TTM)454.59M
Net Income(TTM)15.11M
Analysts80
Price Target8.16 (16.07%)
Short Float %3.92%
Short Ratio3.47
Dividend
Industry RankSector Rank
Dividend Yield 8.1%
Yearly Dividend1.15
Dividend Growth(5Y)-0.2%
DP600.47%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)110.59%
Min EPS beat(2)-188.01%
Max EPS beat(2)409.19%
EPS beat(4)2
Avg EPS beat(4)157.94%
Min EPS beat(4)-347.52%
Max EPS beat(4)758.09%
EPS beat(8)3
Avg EPS beat(8)54.5%
EPS beat(12)5
Avg EPS beat(12)33.16%
EPS beat(16)9
Avg EPS beat(16)63.63%
Revenue beat(2)2
Avg Revenue beat(2)0.85%
Min Revenue beat(2)0.12%
Max Revenue beat(2)1.58%
Revenue beat(4)2
Avg Revenue beat(4)-1.21%
Min Revenue beat(4)-6.51%
Max Revenue beat(4)1.58%
Revenue beat(8)5
Avg Revenue beat(8)-0.68%
Revenue beat(12)8
Avg Revenue beat(12)14.74%
Revenue beat(16)12
Avg Revenue beat(16)30.94%
PT rev (1m)0%
PT rev (3m)-3.61%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.11%
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.04%
Valuation
Industry RankSector Rank
PE 20.09
Fwd PE 58
P/S 1.6
P/FCF 1401.54
P/OCF 12.5
P/B 1.14
P/tB 1.3
EV/EBITDA 13.08
EPS(TTM)0.35
EY4.98%
EPS(NY)0.12
Fwd EY1.72%
FCF(TTM)0.01
FCFY0.07%
OCF(TTM)0.56
OCFY8%
SpS4.38
BVpS6.16
TBVpS5.39
PEG (NY)N/A
PEG (5Y)N/A
Graham Number6.97
Profitability
Industry RankSector Rank
ROA 0.59%
ROE 2.37%
ROCE 3.27%
ROIC 2.78%
ROICexc 2.84%
ROICexgc 3.02%
OM 17.49%
PM (TTM) 3.32%
GM 42.97%
FCFM 0.11%
ROA(3y)1.22%
ROA(5y)1.06%
ROE(3y)4.26%
ROE(5y)3.76%
ROIC(3y)3.02%
ROIC(5y)2.68%
ROICexc(3y)3.1%
ROICexc(5y)2.75%
ROICexgc(3y)3.34%
ROICexgc(5y)2.94%
ROCE(3y)3.55%
ROCE(5y)3.15%
ROICexgc growth 3Y20.77%
ROICexgc growth 5Y12.99%
ROICexc growth 3Y20.3%
ROICexc growth 5Y12.79%
OM growth 3Y-5.03%
OM growth 5Y-3%
PM growth 3Y-2.11%
PM growth 5Y-16.54%
GM growth 3Y-13.85%
GM growth 5Y-7.04%
F-Score6
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 2.42
Debt/FCF 3036.42
Debt/EBITDA 8.95
Cap/Depr 61.9%
Cap/Sales 12.71%
Interest Coverage 250
Cash Conversion 33.73%
Profit Quality 3.44%
Current Ratio 1
Quick Ratio 0.97
Altman-Z 0.36
F-Score6
WACC6.87%
ROIC/WACC0.41
Cap/Depr(3y)149.29%
Cap/Depr(5y)164.85%
Cap/Sales(3y)23.05%
Cap/Sales(5y)29.19%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)284.21%
EPS 3Y-4.47%
EPS 5Y-3.62%
EPS Q2Q%63.64%
EPS Next Y-82.18%
EPS Next 2Y-40.29%
EPS Next 3Y-20.37%
EPS Next 5YN/A
Revenue 1Y (TTM)-39.94%
Revenue growth 3Y35.61%
Revenue growth 5Y22.46%
Sales Q2Q%0.18%
Revenue Next Year3.64%
Revenue Next 2Y4.3%
Revenue Next 3Y4.79%
Revenue Next 5Y4.19%
EBIT growth 1Y-2.16%
EBIT growth 3Y28.78%
EBIT growth 5Y18.79%
EBIT Next Year76.42%
EBIT Next 3Y25.9%
EBIT Next 5Y18.02%
FCF growth 1Y-92%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-50.13%
OCF growth 3Y7.09%
OCF growth 5Y10.6%

ARMADA HOFFLER PROPERTIES IN / AHH FAQ

What is the ChartMill fundamental rating of ARMADA HOFFLER PROPERTIES IN (AHH) stock?

ChartMill assigns a fundamental rating of 4 / 10 to AHH.


Can you provide the valuation status for ARMADA HOFFLER PROPERTIES IN?

ChartMill assigns a valuation rating of 4 / 10 to ARMADA HOFFLER PROPERTIES IN (AHH). This can be considered as Fairly Valued.


What is the profitability of AHH stock?

ARMADA HOFFLER PROPERTIES IN (AHH) has a profitability rating of 3 / 10.


What are the PE and PB ratios of ARMADA HOFFLER PROPERTIES IN (AHH) stock?

The Price/Earnings (PE) ratio for ARMADA HOFFLER PROPERTIES IN (AHH) is 20.09 and the Price/Book (PB) ratio is 1.14.


Can you provide the financial health for AHH stock?

The financial health rating of ARMADA HOFFLER PROPERTIES IN (AHH) is 3 / 10.