Armada Hoffler Properties – Strong Portfolio and Growth Outlook for 2025

By Tamara Parker • Tuesday, March 25 10:02 • Permanent Link

The press release from Chandler Residences at Southern Post Investor Presentation 2025 provides a comprehensive overview of the company's performance and future outlook. Here are some key highlights:

As of December 31, 2024, the total portfolio included 6.2 million stabilized commercial square feet and 2,492 stabilized multifamily units. The enterprise value stood at $2.4 billion with a BBB credit rating.
The 2025 outlook for property portfolio NOI ranged from $171.2 million to $175.8 million, with a normalized FFO per diluted share between $1.00 and $1.10.
The company's value creation plan included steps to equitize development projects, reduce leverage, and focus on property income growth through responsible capital allocation.
The balance sheet summary indicated a 5.8x stabilized portfolio debt/stabilized portfolio adj. EBITDARE, 7.2x net debt/total adjusted EBITDARE, and a 4.4% portfolio weighted average interest rate.
The real estate financing portfolio included properties in North Carolina, Georgia, and Virginia, with estimated stabilization dates for various multifamily units.
The company's development/redevelopment opportunities encompassed various projects aimed at creating grocery-anchored multi-tenant shopping centers and other commercial and residential spaces.
There was significant commercial lease activity over the past 6 months, including new leases and renewals at different properties.
The portfolio highlights included a 4% same-store NOI growth (GAAP) and a 96% weighted average portfolio occupancy as of 4Q24.
The mixed-use communities within the portfolio comprised 2.9 million square feet of commercial space, 2.2 million square feet of office space, 0.7 million square feet of retail, and 1,151 multifamily units.
The company also provided quick facts about the Virginia Beach market, highlighting its population growth, median household income, and key industries.
Specific details were shared about mixed-use communities like The Interlock in Atlanta and Town Center of Virginia Beach, outlining the square footage of retail, office, and multifamily units in each location.
The press release also included information about Harbor Point, detailing the various properties and their respective square footage.

The market has reacted to these announcements by moving the company's shares -0.6% to a price of $7.85. For more information, read the company's full 8-K submission here.

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