Armada Hoffler Properties (AHH) Tops Q1 EPS by 3c
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Armada Hoffler Properties Reports First Quarter 2016 Results
May 3, 2016 6:05 AM EDTNormalized FFO of $0.25 Per Diluted Share
Core Operating Property Portfolio at 94.7% Occupancy
Company Raised 2016 Full-Year Normalized FFO Guidance
VIRGINIA BEACH, Va.--(BUSINESS WIRE)-- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarter ended March 31, 2016.
Highlights include:
Normalized Funds From Operations (FFO) of $11.6 million, or $0.25 per diluted share, for the quarter ended March 31, 2016 compared to Normalized FFO of $7.4 million, or $0.19 per diluted share, for the quarter ended March 31, 2015. FFO of $8.4... MoreArmada Hoffler Properties Completes Acquisition of Southgate Square in Colonial Heights, Virginia
May 3, 2016 6:00 AM EDTVIRGINIA BEACH, Va.--(BUSINESS WIRE)-- Armada Hoffler Properties, Inc. (NYSE: AHH) announced today that it has closed on the acquisition of Southgate Square, a retail center located in Colonial Heights, Virginia. This acquisition adds approximately 220,000 square feet of 100% occupied retail space to the Companys operating property portfolio.
Southgate Square is anchored by a newly opened Burlington store on a 15-year lease. Other tenants include Michaels, Staples, PetSmart, Sleepys, and Jo-Ann Fabric and Craft Stores, among others. The center is strategically situated within the submarket adjacent to the 900,000 square... More
