Armada Hoffler Properties, Inc. Aktie News

VIRGINIA BEACH, Va., March 28, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) will report its earnings for the quarter ending March 31, 2024 at approximately 6:00 a.m. Eastern on Thursday, May 9, 2024. At 8:30 a.m. Eastern on the same day, senior management will host a conference call and webcast to discuss earnings and other information.

Armada Hoffler Properties is a diversified REIT with a portfolio of multifamily, office, and retail properties. Management is shifting the portfolio mix away from Office, all while protecting its existing high-quality office assets from subpar leases. AHH projects continued fundamental growth in 2024 and offers attractive dividend yields on both its common and preferred shares, all while tradin...

Armada Hoffler Properties just hiked its quarterly cash dividend by 5.1%, resulting in an 8.2% forward dividend yield. This is 151% covered by normalized FFO with just 2% of AHH's office portfolio leases expiring in 2024. The 96.1% weighted portfolio occupancy at the end of the fourth quarter is attractive with AHH now trading for 8x the midpoint of its guided normalized FFO range for 2024.

Wimbush's corporate and community acumen brings fresh perspective to the Company Wimbush's corporate and community acumen brings fresh perspective to the Company

REIT dividend yields are historically high and safe in most cases. Some REITs yield as much as 8% and grow their dividend. I highlight two of my favorite 8% yielding REITs.

Armada Hoffler Properties is a mispriced REIT that presents an opportunity for income growth. AHH's financials for 2023 were solid, with steady revenue growth and a well-covered dividend with a conservative FFO payout of 62.5% . The company has a solid balance sheet, although its leverage level is higher than ideal, and it has plans to reduce it in the coming quarters.

The best REIT dividends for stability, growth, and yield are discussed and also highlighting the importance of a favorable mix of these attributes. Some high-yielding REITs are opportunistic due to mispricing while others are just risky. The stability of yield, dividend growth potential, and mispricing are key drivers of opportunistic dividends in REITs.

Longtime member's many contributions are greatly appreciated by the Company Longtime member's many contributions are greatly appreciated by the Company