Armada Hoffler Properties, Inc.: management transactions · United States · SEC (Form 4)

About Armada Hoffler Properties, Inc.

Armada Hoffler Properties, Inc. (NYSE: AHH) is a U.S.-listed real estate company traded on the NYSE in the United States. For French-, Belgian- and Swiss-based investors, it is best understood as a vertically integrated REIT with a long operating history and a development-oriented platform. The company was founded in 1979 by Daniel A. Hoffler and began operating in its current public-company structure after completing its IPO and related formation transactions in 2013. Its headquarters are in Virginia Beach, Virginia, and the company’s Town Center of Virginia Beach remains a key anchor in both its corporate identity and its property portfolio. Armada Hoffler’s business model is built around five operating segments: retail real estate, office real estate, multifamily real estate, general contracting and real estate services, and real estate financing. That mix is important because it gives the company a combination of recurring rental income and fee-based or development-related earnings. In practice, Armada Hoffler develops, acquires, owns, manages, and operates high-quality retail, office, and multifamily assets, while also providing construction and development services to third-party clients. The company’s fully integrated structure allows it to participate across the property lifecycle, from ground-up development to stabilized asset management. From a competitive standpoint, Armada Hoffler is focused on attractive East Coast markets, with a footprint concentrated in the Mid-Atlantic and Southeastern United States. Virginia remains its core market, but the portfolio also includes assets in Baltimore, Atlanta, Charlotte, Durham, and other growth-oriented locations. The company tends to emphasize mixed-use communities, neighborhood retail centers, office assets in established nodes, and multifamily housing in well-located submarkets. This geographic focus gives it exposure to markets with population growth, employment density, and relatively resilient demand drivers. Recent developments point to a management team that remains highly focused on balance-sheet discipline and capital allocation. In January 2025, Armada Hoffler announced steps to reduce variable-rate debt exposure, including an interest-rate swap, debt repayments, and the refinancing of a mixed-use property on more favorable fixed-rate terms. In its third-quarter 2025 update, the company disclosed a $115 million senior unsecured note issuance with staggered maturities, reinforcing its refinancing strategy and liquidity management approach. For equity investors, Armada Hoffler offers a mix of REIT-style cash flow, development optionality, and active capital structure management. In a higher-rate environment, that combination is central to the investment case, alongside its concentrated but diversified property portfolio across key U.S. regional markets.