ARMADA HOFFLER PROPERTIES IN (AHH) Fundamental Analysis & Valuation

NYSE:AHH • US04208T1088

6.25 USD
+0.03 (+0.48%)
At close: Feb 27, 2026
6.25 USD
0 (0%)
After Hours: 2/27/2026, 8:04:00 PM

This AHH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to AHH. AHH was compared to 122 industry peers in the Diversified REITs industry. AHH may be in some trouble as it scores bad on both profitability and health. AHH has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

3

1. AHH Profitability Analysis

1.1 Basic Checks

  • In the past year AHH was profitable.
  • AHH had a positive operating cash flow in the past year.
  • In multiple years AHH reported negative net income over the last 5 years.
  • AHH had a positive operating cash flow in 4 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

  • Looking at the Return On Assets, with a value of 0.59%, AHH is in line with its industry, outperforming 50.82% of the companies in the same industry.
  • AHH has a Return On Equity (2.37%) which is in line with its industry peers.
  • AHH's Return On Invested Capital of 2.78% is in line compared to the rest of the industry. AHH outperforms 49.18% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AHH is in line with the industry average of 3.10%.
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 comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of AHH has declined.
  • AHH has a Operating Margin (17.49%) which is in line with its industry peers.
  • 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 80.33% 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

2

2. AHH Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AHH is destroying value.
  • There is no outstanding debt for AHH. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
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 0.34. 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 0.34 is on the low side compared to the rest of the industry. AHH is outperformed by 61.48% of its industry peers.
  • The Debt to FCF ratio of AHH is 3036.42, which is on the high side as it means it would take AHH, 3036.42 years of fcf income to pay off all of its debts.
  • AHH has a Debt to FCF ratio (3036.42) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 2.42 is on the high side and indicates that AHH has dependencies on debt financing.
  • AHH's Debt to Equity ratio of 2.42 is on the low side compared to the rest of the industry. AHH is outperformed by 75.41% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.42
Debt/FCF 3036.42
Altman-Z 0.34
ROIC/WACC0.41
WACC6.77%
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.
  • Looking at the Current ratio, with a value of 1.00, AHH is in line with its industry, outperforming 52.46% 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.
  • With a Quick ratio value of 0.97, AHH perfoms like the industry average, outperforming 53.28% of the companies in the same 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

1

3. AHH Growth Analysis

3.1 Past

  • AHH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.76%, which is quite good.
EPS 1Y (TTM)11.76%
EPS 3Y-25.79%
EPS 5Y0%
EPS Q2Q%11.54%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%14.29%

3.2 Future

  • The Earnings Per Share is expected to decrease by -32.78% on average over the next years. This is quite bad
  • Based on estimates for the next years, AHH will show a small growth in Revenue. The Revenue will grow by 4.37% on average per year.
EPS Next Y-68.11%
EPS Next 2Y-32.78%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.97%
Revenue Next 2Y5.36%
Revenue Next 3Y4.37%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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. AHH Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 16.45, AHH is valued correctly.
  • AHH's Price/Earnings ratio is rather cheap when compared to the industry. AHH is cheaper than 86.89% of the companies in the same industry.
  • AHH is valuated rather cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 51.57, which means the current valuation is very expensive for AHH.
  • 63.93% of the companies in the same industry are more expensive than AHH, based on the Price/Forward Earnings ratio.
  • AHH is valuated expensively when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.45
Fwd PE 51.57
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

  • Based on the Enterprise Value to EBITDA ratio, AHH is valued a bit cheaper than the industry average as 68.85% of the companies are valued more expensively.
  • AHH's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 1246.03
EV/EBITDA 12.62
AHH Per share dataAHH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • A cheap valuation may be justified as AHH's earnings are expected to decrease with -32.78% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-32.78%
EPS Next 3YN/A

5

5. AHH Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 8.96%, AHH is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 7.04, AHH pays a better dividend. On top of this AHH pays more dividend than 87.70% 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 8.96%

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.
  • The dividend of AHH decreased 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

  • AHH pays out 600.47% of its income as dividend. 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-32.78%
EPS Next 3YN/A
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

AHH Fundamentals: All Metrics, Ratios and Statistics

ARMADA HOFFLER PROPERTIES IN

NYSE:AHH (2/27/2026, 8:04:00 PM)

After market: 6.25 0 (0%)

6.25

+0.03 (+0.48%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-16
Earnings (Next)05-05
Inst Owners78.11%
Inst Owner Change-4.6%
Ins Owners0.63%
Ins Owner Change0.98%
Market Cap647.94M
Revenue(TTM)N/A
Net Income(TTM)15.11M
Analysts77.5
Price Target8.03 (28.48%)
Short Float %3.88%
Short Ratio2.76
Dividend
Industry RankSector Rank
Dividend Yield 8.96%
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)-1.56%
PT rev (3m)-1.56%
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)1.07%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.04%
Valuation
Industry RankSector Rank
PE 16.45
Fwd PE 51.57
P/S 1.43
P/FCF 1246.03
P/OCF 11.11
P/B 1.01
P/tB 1.16
EV/EBITDA 12.62
EPS(TTM)0.38
EY6.08%
EPS(NY)0.12
Fwd EY1.94%
FCF(TTM)0.01
FCFY0.08%
OCF(TTM)0.56
OCFY9%
SpS4.38
BVpS6.16
TBVpS5.39
PEG (NY)N/A
PEG (5Y)N/A
Graham Number7.26
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 0.34
F-Score6
WACC6.77%
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)11.76%
EPS 3Y-25.79%
EPS 5Y0%
EPS Q2Q%11.54%
EPS Next Y-68.11%
EPS Next 2Y-32.78%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%14.29%
Revenue Next Year4.97%
Revenue Next 2Y5.36%
Revenue Next 3Y4.37%
Revenue Next 5YN/A
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 2 / 10 to AHH.


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

ChartMill assigns a valuation rating of 3 / 10 to ARMADA HOFFLER PROPERTIES IN (AHH). This can be considered as Overvalued.


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 16.45 and the Price/Book (PB) ratio is 1.01.


Can you provide the financial health for AHH stock?

The financial health rating of ARMADA HOFFLER PROPERTIES IN (AHH) is 2 / 10.