Armada Hoffler Properties | 10-Q: FY2025 Q3 Revenue: USD 96.08 M

Revenue: As of FY2025 Q3, the actual value is USD 96.08 M.

EPS: As of FY2025 Q3, the actual value is USD -0.04.

EBIT: As of FY2025 Q3, the actual value is USD 41.82 M.

Retail Real Estate Segment

• Revenues: $25,427,000 for Q3 2025, compared to $26,161,000 in Q3 2024. For the nine months ended September 30, 2025, revenues were $74,995,000 compared to $77,905,000 in 2024.
• Expenses: $6,721,000 for Q3 2025, compared to $7,570,000 in Q3 2024. For the nine months ended September 30, 2025, expenses were $19,994,000 compared to $21,399,000 in 2024.
• Net Operating Income (NOI): $18,706,000 for Q3 2025, compared to $18,591,000 in Q3 2024. For the nine months ended September 30, 2025, NOI was $55,001,000 compared to $56,506,000 in 2024.

Office Real Estate Segment

• Revenues: $26,025,000 for Q3 2025, compared to $27,784,000 in Q3 2024. For the nine months ended September 30, 2025, revenues were $74,315,000 compared to $72,532,000 in 2024.
• Expenses: $9,165,000 for Q3 2025, compared to $8,667,000 in Q3 2024. For the nine months ended September 30, 2025, expenses were $26,771,000 compared to $24,503,000 in 2024.
• Net Operating Income (NOI): $16,860,000 for Q3 2025, compared to $19,117,000 in Q3 2024. For the nine months ended September 30, 2025, NOI was $47,544,000 compared to $48,029,000 in 2024.

Multifamily Real Estate Segment

• Revenues: $17,272,000 for Q3 2025, compared to $14,653,000 in Q3 2024. For the nine months ended September 30, 2025, revenues were $48,362,000 compared to $43,307,000 in 2024.
• Expenses: $7,884,000 for Q3 2025, compared to $6,599,000 in Q3 2024. For the nine months ended September 30, 2025, expenses were $21,233,000 compared to $18,437,000 in 2024.
• Net Operating Income (NOI): $9,388,000 for Q3 2025, compared to $8,054,000 in Q3 2024. For the nine months ended September 30, 2025, NOI was $27,129,000 compared to $24,870,000 in 2024.

General Contracting and Real Estate Services Segment

• Revenues: $23,192,000 for Q3 2025, compared to $114,353,000 in Q3 2024. For the nine months ended September 30, 2025, revenues were $101,782,000 compared to $358,167,000 in 2024.
• Expenses: $21,128,000 for Q3 2025, compared to $110,987,000 in Q3 2024. For the nine months ended September 30, 2025, expenses were $96,970,000 compared to $346,385,000 in 2024.
• Net Operating Income (NOI): $2,064,000 for Q3 2025, compared to $3,366,000 in Q3 2024. For the nine months ended September 30, 2025, NOI was $4,812,000 compared to $11,782,000 in 2024.

Real Estate Financing Segment

• Revenues: $3,851,000 for Q3 2025, compared to $4,072,000 in Q3 2024. For the nine months ended September 30, 2025, revenues were $11,260,000 compared to $12,038,000 in 2024.
• Expenses: $2,151,000 for Q3 2025, compared to $1,724,000 in Q3 2024. For the nine months ended September 30, 2025, expenses were $5,792,000 compared to $4,823,000 in 2024.
• Net Operating Income (NOI): $1,700,000 for Q3 2025, compared to $2,348,000 in Q3 2024. For the nine months ended September 30, 2025, NOI was $5,468,000 compared to $7,215,000 in 2024.

Future Outlook and Strategy

• Core Business Focus: The company aims to maintain a robust and resilient balance sheet while fostering a dynamic, highly skilled team. It plans to continue investing in and operating high-quality assets primarily in the Mid-Atlantic and Southeastern United States.
• Non-Core Business: The company is involved in development projects through real estate financing arrangements and has historically developed and built properties for its own account and through joint ventures.