
AHH Stock Forecast & Price Target
AHH Analyst Ratings
Bulls say
Armada Hoffler Properties Inc. has demonstrated a favorable multifamily market performance, exhibiting a rent growth of +4.7%, surpassing the Nareit Residential REITs average of +3.4%, and is projected to achieve the highest weighted-average effective rent growth among the multifamily REITs within the next two years. The company is anticipated to improve its operational efficiency, as leverage is expected to decrease from 8.1x to approximately 6.7x by Q4 2026, driven by the stabilization of properties under development. Additionally, with expectations of a moderate occupancy recovery across various segments and a targeted SSNOI CAGR of approximately 3.5% in 2025 and 2026, the financial outlook for Armada Hoffler Properties appears solid.
Bears say
Armada Hoffler Properties faces significant challenges with a projected annual decline of 6.5% in funds from operations per share (FFOPS) from 2024 to 2026, which starkly contrasts with the REIT sector average growth rate of +5.5% during the same period. The company's general contracting and real estate services segment is anticipated to see gross profit decrease from $12.9 million in 2024 to $7 million by 2025/2026 due to a lack of new contracts and a significant reduction in construction backlog. Additionally, Armada Hoffler’s GAAP same-store net operating income (SSNOI) growth in key segments like office and retail has underperformed relative to market averages, while projected declines in adjusted funds from operations (AFFOPS) further exacerbate the negative outlook for the company's financial health.
This aggregate rating is based on analysts' research of Armada Hoffler Properties and is not a guaranteed prediction by Public.com or investment advice.
AHH Analyst Forecast & Price Prediction
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