What Armada Hoffler Properties (AHRT) Said on Its Q3 Earnings Call
Armada Hoffler Properties (AHRT) reported Q3 NOI of $35.1M and FFO of $0.16 per share. The company reduced debt by $500M and repurchased 6.4M shares at $5.96 each. Retail portfolio was 95% leased with 8% same-store NOI growth. Office portfolio was 97% leased. Debt refinancing extended maturities, with net debt to EBITDAre at 7.1x.

