NYSE$AHRT

AH Realty Trust Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Armada Hoffler reported increased net income and normalized FFO, but suspended dividend and reduced compensation due to COVID-19 uncertainty.

Armada Hoffler Properties reported increased net income attributable to common stockholders and OP Unit holders for the first quarter, rising to $8.2 million compared to $6.5 million in the same period last year. Normalized FFO also increased to $24.7 million from $18.5 million year-over-year. However, due to the uncertainty surrounding the COVID-19 pandemic, the company suspended its dividend on common stock and reduced board & CEO compensation.

  • Net income attributable to common stockholders and OP Unit holders increased to $8.2 million, or $0.11 per diluted share.
  • Normalized FFO increased to $24.7 million, or $0.32 per diluted share.
  • The company suspended its quarterly cash dividend on common stock and OP Units.
  • Core operating property portfolio occupancy was at 95.6% as of March 31, 2020.

Headline financials

Total Revenue

$89.6M

Previous: $47.9M+86.8%
EPS (adj)

$0.32

Previous: $0.27+18.5%
Capital Expenditures

-$22.9M

Previous: -$41.3M+44.6%
Free Cash Flow

-$15.9M

Previous: -$36.4M+56.3%
Net Income

$6.99M

Previous: $4.88M+43.2%
Operating Income

$11.9M

Previous: $8.1M+46.8%
Gross Profit

$44M

Previous: $41.2M+6.8%
Cash & Equivalents

$48.1M

Previous: $15.6M+208.8%
Total Assets

$1.85B

Previous: $1.36B+35.8%

Revenue & EPS history

Armada Hoffler · Revenue · Quarterly

$89.6M

Q1 2020+86.8%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Armada Hoffler · $42.3M total across 1 segment · Q1 2020

  • Rental Revenues
    $42.3M

Forward guidance

Due to the uncertainty surrounding the future impact of the COVID-19 pandemic, the Company has withdrawn its 2020 full-year Normalized FFO guidance that was previously issued on February 6, 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.3%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.0%

Avg return

30 days after

40%

21 / 52 earnings

Positive

+6.9%

Q4 2022

Best reaction

-8.1%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%+6.7%+13.4%
Q4 2025-8.1%-11.3%-12.6%
Q3 2025-0.5%-1.7%+0.2%
Q1 2025-1.2%+4.8%+2.6%
Q4 2024-1.6%-1.4%-16.1%
Q3 2024+3.0%+4.2%+2.3%
Q2 2024-0.3%-3.0%+3.3%
Q1 2024+4.7%+5.5%-0.3%
Q4 2023-7.8%-10.3%-9.4%
Q3 2023+4.3%+0.9%+12.7%
Q2 2023+0.8%+0.4%-3.9%
Q1 2023-5.9%-6.6%-3.3%
Q4 2022+6.9%+6.4%-5.9%
Q3 2022-1.1%+5.1%+4.7%
Q2 2022-1.8%-1.3%-7.8%
Q1 2022+3.5%+0.5%+5.7%
Q4 2021-0.6%+2.8%+7.0%
Q3 2021+6.5%+10.6%+1.4%
Q2 2021-1.1%+2.2%+4.5%
Q1 2021-5.8%-3.8%-4.6%
Q4 2020-1.5%+1.8%+15.5%
Q3 2020-3.1%+20.9%+26.1%
Q2 2020+6.6%+9.7%+9.3%
Q1 2020-5.4%-10.1%-12.8%
Q4 2019-0.9%-0.5%-3.7%
Q3 2019+0.4%-2.2%-3.4%
Q2 2019+1.5%-0.5%+2.4%
Q1 2019-0.9%-0.1%+2.0%
Q4 2018-0.5%+0.1%-0.7%
Q3 2018-1.3%-2.4%-0.3%
Q2 2018+3.0%+3.1%+4.8%
Q1 2018+1.9%+2.7%+6.1%
Q4 2017-2.4%-1.9%+1.0%
Q3 2017+1.1%+2.4%+9.4%
Q2 2017-0.5%+1.9%+0.8%
Q1 2017-4.0%-1.7%-6.1%
Q4 2016+1.2%+1.8%-2.2%
Q3 2016-1.9%-2.2%+4.7%
Q2 2016-6.5%-7.1%-7.7%
Q1 2016-1.1%
Q4 2015+6.8%
Q3 2015-2.3%
Q2 2015-0.3%
Q1 2015+0.1%
Q4 2014+2.2%
Q3 2014+0.1%
Q2 2014+2.8%
Q1 2014-0.8%
Q4 2013+0.7%
Q3 2013+0.2%
Q2 2013-5.6%
Q1 2013-0.3%
Q4 2012
Q3 2012
Q2 2012
Q1 2012

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