ARMADA HOFFLER PROPERTIES IN (AHH) Stock Fundamental Analysis

NYSE:AHH • US04208T1088

5.88 USD
-0.06 (-1.01%)
Last: Feb 25, 2026, 10:36 AM
Fundamental Rating

3

Taking everything into account, AHH scores 3 out of 10 in our fundamental rating. AHH was compared to 122 industry peers in the Diversified REITs industry. Both the profitability and financial health of AHH have multiple concerns. AHH is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. Profitability

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.
  • Of the past 5 years AHH 4 years had a positive operating cash flow.
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

  • AHH's Return On Assets of 0.59% is in line compared to the rest of the industry. AHH outperforms 50.82% of its industry peers.
  • AHH's Return On Equity of 2.37% is in line compared to the rest of the industry. AHH outperforms 53.28% of its industry peers.
  • The Return On Invested Capital of AHH (2.78%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AHH is in line with the industry average of 3.08%.
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 of 3.32%. This is comparable to the rest of the industry: AHH outperforms 45.08% of its industry peers.
  • In the last couple of years the Profit Margin of AHH has declined.
  • The Operating Margin of AHH (17.49%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of AHH has declined.
  • AHH's Gross Margin of 42.97% is on the low side compared to the rest of the industry. AHH is outperformed by 80.33% of its industry peers.
  • 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. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AHH is destroying value.
  • AHH has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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 0.33. This is a bad value and indicates that AHH is not financially healthy and even has some risk of bankruptcy.
  • AHH has a worse Altman-Z score (0.33) than 61.48% 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.
  • AHH's Debt to FCF ratio of 3036.42 is fine compared to the rest of the industry. AHH outperforms 61.48% of its industry peers.
  • A Debt/Equity ratio of 2.42 is on the high side and indicates that AHH has dependencies on debt financing.
  • AHH has a Debt to Equity ratio of 2.42. This is in the lower half of the industry: AHH underperforms 76.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.42
Debt/FCF 3036.42
Altman-Z 0.33
ROIC/WACC0.41
WACC6.75%
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

  • A Current Ratio of 1.00 indicates that AHH should not have too much problems paying its short term obligations.
  • The Current ratio of AHH (1.00) is comparable to the rest of the 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.
  • AHH's Quick ratio of 0.97 is in line compared to the rest of the industry. AHH outperforms 51.64% of its industry peers.
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. Growth

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

  • AHH is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -32.78% yearly.
  • AHH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.37% yearly.
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

4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 15.47, AHH is valued correctly.
  • Based on the Price/Earnings ratio, AHH is valued cheaper than 87.70% of the companies in the same industry.
  • AHH's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.98.
  • The Price/Forward Earnings ratio is 48.51, which means the current valuation is very expensive for AHH.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AHH indicates a somewhat cheap valuation: AHH is cheaper than 63.93% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.01, AHH is valued quite expensively.
Industry RankSector Rank
PE 15.47
Fwd PE 48.51
AHH Price Earnings VS Forward Price EarningsAHH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AHH indicates a somewhat cheap valuation: AHH is cheaper than 72.13% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AHH indicates a somewhat cheap valuation: AHH is cheaper than 61.48% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 1172.27
EV/EBITDA 12.43
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. Dividend

5.1 Amount

  • AHH has a Yearly Dividend Yield of 9.43%, which is a nice return.
  • AHH's Dividend Yield is rather good when compared to the industry average which is at 6.88. AHH pays more dividend than 89.34% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, AHH pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.43%

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

  • 600.47% of the earnings are spent on dividend by AHH. This is not a sustainable payout ratio.
  • The Dividend Rate of AHH has been decling, while earnings will also be 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

ARMADA HOFFLER PROPERTIES IN

NYSE:AHH (2/25/2026, 10:36:05 AM)

5.88

-0.06 (-1.01%)

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 Cap609.58M
Revenue(TTM)N/A
Net Income(TTM)15.11M
Analysts77.5
Price Target8.03 (36.56%)
Short Float %4.04%
Short Ratio3.93
Dividend
Industry RankSector Rank
Dividend Yield 9.43%
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)3.13%
PT rev (3m)3.13%
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 15.47
Fwd PE 48.51
P/S 1.34
P/FCF 1172.27
P/OCF 10.46
P/B 0.95
P/tB 1.09
EV/EBITDA 12.43
EPS(TTM)0.38
EY6.46%
EPS(NY)0.12
Fwd EY2.06%
FCF(TTM)0.01
FCFY0.09%
OCF(TTM)0.56
OCFY9.56%
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 0.33
F-Score6
WACC6.75%
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 3 / 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 15.47 and the Price/Book (PB) ratio is 0.95.


Can you provide the financial health for AHH stock?

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