Armada Hoffler Q2 revenue up on portfolio NOI growth; raises 2026 FFO outlook
AHH•Outlook
- Company raises 2026 FFO, as Adjusted guidance to $0.53-$0.57 per diluted share
- Company expects 2026 retail same-store NOI cash growth of 2.5%-3.5%
- Company expects 2026 office same-store NOI cash growth of 2.75%-3.75%
Overview
- US retail and mixed-use office REIT's Q2 revenue rose compared to last year
- FFO, as adjusted, was flat yr/yr at $0.14 per diluted share
- Company raised full-year 2026 FFO, as adjusted, guidance citing portfolio NOI growth and debt paydown
Company press release: ID:nGNX7MnzBD
Result drivers
- Portfolio NOI growth - Co said increased same-store NOI in office (up 8.3%) and retail (up 2.9%) segments supported results
- Debt paydown - Co attributed improved FFO, as adjusted, to debt repayments following multifamily portfolio sale
- Leasing activity - Positive spreads on new and renewal leases in office and retail segments contributed to performance
