We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Armada Hoffler Properties Inc | NYSE:AHH-A | NYSE | Preference Share |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.04 | -0.16% | 24.71 | 24.77 | 24.54 | 24.57 | 2,615 | 01:00:00 |
| | | |
Per Share
|
| |
Total
|
| ||||||
|
Public offering price
|
| | | $ | 10.50 | | | | | $ | 94,500,000 | | |
|
Underwriting discount
|
| | | $ | 0.4725 | | | | | $ | 4,252,500 | | |
|
Proceeds, before expenses, to us
|
| | | $ | 10.0275 | | | | | $ | 90,247,500 | | |
|
Jefferies
|
| |
BofA Securities
|
| |
Barclays
|
|
|
Scotiabank
|
| |
Stifel
|
|
|
Janney Montgomery Scott
|
| |
Regions Securities LLC
|
|
Table of Contents
|
| | |||||
Prospectus Supplement
|
| | |||||
| | |
Page
|
| |||
| | | | S-ii | | | |
| | | | S-iii | | | |
| | | | S-iv | | | |
| | | | S-1 | | | |
| | | | S-9 | | | |
| | | | S-13 | | | |
| | | | S-14 | | | |
| | | | S-16 | | | |
| | | | S-22 | | | |
| | | | S-22 | | | |
| | | | S-22 | | | |
Prospectus | | | | | | | |
| | | | 1 | | | |
| | | | 2 | | | |
| | | | 4 | | | |
| | | | 5 | | | |
| | | | 6 | | | |
| | | | 7 | | | |
| | | | 9 | | | |
| | | | 15 | | | |
| | | | 18 | | | |
| | | | 22 | | | |
| | | | 23 | | | |
| | | | 24 | | | |
| | | | 27 | | | |
| | | | 50 | | | |
| | | | 57 | | | |
| | | | 58 | | | |
| | | | 58 | | | |
| | | | 58 | | | |
| | | | 58 | | | |
| | | | 59 | | |
Year of Lease Expiration
|
| |
Number of
Leases Expiring |
| |
Square
Footage of Leases Expiring |
| |
% Portfolio
Net Rentable Square Feet |
| |
ABR
|
| |
% of Retail
Portfolio ABR |
| |||||||||||||||
Available
|
| | | | — | | | | | | 185,825 | | | | | | 4.6% | | | | | $ | — | | | | | | —% | | |
Month-to-Month
|
| | | | 2 | | | | | | 1,602 | | | | | | —% | | | | | | 59,262 | | | | | | 0.1% | | |
2024
|
| | | | 23 | | | | | | 108,273 | | | | | | 2.7% | | | | | | 1,808,971 | | | | | | 2.3% | | |
2025
|
| | | | 89 | | | | | | 347,513 | | | | | | 8.6% | | | | | | 7,146,493 | | | | | | 9.3% | | |
2026
|
| | | | 94 | | | | | | 458,869 | | | | | | 11.4% | | | | | | 9,644,168 | | | | | | 12.5% | | |
2027
|
| | | | 87 | | | | | | 450,489 | | | | | | 11.2% | | | | | | 8,852,323 | | | | | | 11.5% | | |
2028
|
| | | | 75 | | | | | | 332,977 | | | | | | 8.2% | | | | | | 7,371,520 | | | | | | 9.6% | | |
2029
|
| | | | 82 | | | | | | 377,280 | | | | | | 9.3% | | | | | | 7,882,615 | | | | | | 10.2% | | |
2030
|
| | | | 63 | | | | | | 419,830 | | | | | | 10.4% | | | | | | 8,767,818 | | | | | | 11.4% | | |
2031
|
| | | | 39 | | | | | | 297,671 | | | | | | 7.4% | | | | | | 5,580,130 | | | | | | 7.2% | | |
2032
|
| | | | 33 | | | | | | 311,932 | | | | | | 7.7% | | | | | | 5,715,527 | | | | | | 7.4% | | |
2033
|
| | | | 29 | | | | | | 112,335 | | | | | | 2.8% | | | | | | 3,030,464 | | | | | | 3.9% | | |
Year of Lease Expiration
|
| |
Number of
Leases Expiring |
| |
Square
Footage of Leases Expiring |
| |
% Portfolio
Net Rentable Square Feet |
| |
ABR
|
| |
% of Retail
Portfolio ABR |
| |||||||||||||||
2034
|
| | | | 16 | | | | | | 66,192 | | | | | | 1.6% | | | | | | 1,524,524 | | | | | | 2.0% | | |
Thereafter
|
| | | | 33 | | | | | | 566,874 | | | | | | 14.1% | | | | | | 9,617,429 | | | | | | 12.6% | | |
Total
|
| | | | 665 | | | | | | 4,037,662 | | | | | | 100.0% | | | | | $ | 77,001,244 | | | | | | 100.0% | | |
|
Year of Lease Expiration
|
| |
Number of
Leases Expiring |
| |
Square
Footage of Leases Expiring |
| |
% Portfolio
Net Rentable Square Feet |
| |
ABR
|
| |
% of Office
Portfolio ABR |
| |||||||||||||||
Available
|
| | | | — | | | | | | 132,918 | | | | | | 5.7% | | | | | $ | 0 | | | | | | —% | | |
Month-to-Month
|
| | | | 2 | | | | | | — | | | | | | —% | | | | | | 21,600 | | | | | | —% | | |
2024
|
| | | | 7 | | | | | | 33,853 | | | | | | 1.5% | | | | | | 1,019,297 | | | | | | 1.5% | | |
2025
|
| | | | 17 | | | | | | 110,986 | | | | | | 4.8% | | | | | | 3,665,082 | | | | | | 5.4% | | |
2026
|
| | | | 9 | | | | | | 40,595 | | | | | | 1.7% | | | | | | 1,230,611 | | | | | | 1.8% | | |
2027
|
| | | | 20 | | | | | | 180,570 | | | | | | 7.8% | | | | | | 6,166,583 | | | | | | 9.1% | | |
2028
|
| | | | 14 | | | | | | 131,605 | | | | | | 5.7% | | | | | | 4,042,235 | | | | | | 5.9% | | |
2029
|
| | | | 14 | | | | | | 325,454 | | | | | | 14.0% | | | | | | 9,368,828 | | | | | | 13.8% | | |
2030
|
| | | | 11 | | | | | | 175,958 | | | | | | 7.6% | | | | | | 5,339,361 | | | | | | 7.8% | | |
2031
|
| | | | 7 | | | | | | 142,135 | | | | | | 6.1% | | | | | | 4,097,196 | | | | | | 6.0% | | |
2032
|
| | | | 2 | | | | | | 20,778 | | | | | | 0.9% | | | | | | 730,931 | | | | | | 1.1% | | |
2033
|
| | | | 2 | | | | | | 52,219 | | | | | | 2.2% | | | | | | 1,541,553 | | | | | | 2.3% | | |
2034
|
| | | | 6 | | | | | | 119,019 | | | | | | 5.1% | | | | | | 2,979,408 | | | | | | 4.4% | | |
Thereafter
|
| | | | 8 | | | | | | 861,783 | | | | | | 36.9% | | | | | | 27,929,206 | | | | | | 40.9% | | |
Total
|
| | | | 119 | | | | | | 2,327,873 | | | | | | 100.0% | | | | | $ | 68,130,891 | | | | | | 100.0% | | |
Tenant
|
| |
Investment
Grade Rating(1) |
| |
Number of
Leases(2) |
| |
Lease
Expiration(2) |
| |
Annualized
Base Rent(2) |
| |
% of Total
Annualized Base Rent(2) |
| ||||||||||||
Constellation Energy Generation
|
| | | | Yes | | | | | | 1 | | | |
2036
|
| | | $ | 15,010 | | | | | | 7.5% | | |
Morgan Stanley
|
| | | | Yes | | | | | | 3 | | | |
2028 – 2035
|
| | | | 8,883 | | | | | | 4.4% | | |
Harris Teeter/Kroger
|
| | | | Yes | | | | | | 6 | | | |
2026 – 2035
|
| | | | 3,781 | | | | | | 1.9% | | |
Clark Nexsen
|
| | | | | | | | | | 1 | | | |
2029
|
| | | | 2,857 | | | | | | 1.4% | | |
Canopy by Hilton
|
| | | | | | | | | | 1 | | | |
2045
|
| | | | 2,698 | | | | | | 1.3% | | |
Dick’s Sporting Goods/Golf Galaxy
|
| | | | Yes | | | | | | 2 | | | |
2028 ; 2032
|
| | | | 1,977 | | | | | | 1.0% | | |
Lowes Foods
|
| | | | | | | | | | 2 | | | |
2037 ; 2039
|
| | | | 1,976 | | | | | | 1.0% | | |
Franklin Templeton
|
| | | | Yes | | | | | | 1 | | | |
2038
|
| | | | 1,898 | | | | | | 0.9% | | |
Duke University
|
| | | | Yes | | | | | | 1 | | | |
2029
|
| | | | 1,742 | | | | | | 0.9% | | |
Huntington Ingalls Industries
|
| | | | Yes | | | | | | 1 | | | |
2029
|
| | | | 1,671 | | | | | | 0.8% | | |
TJ Maxx/Homegoods
|
| | | | Yes | | | | | | 5 | | | |
2026 – 2030
|
| | | | 1,554 | | | | | | 0.8% | | |
PetSmart
|
| | | | | | | | | | 5 | | | |
2025 – 2027
|
| | | | 1,527 | | | | | | 0.8% | | |
Tenant
|
| |
Investment
Grade Rating(1) |
| |
Number of
Leases(2) |
| |
Lease
Expiration(2) |
| |
Annualized
Base Rent(2) |
| |
% of Total
Annualized Base Rent(2) |
| ||||||||||||
Georgia Tech
|
| | | | Yes | | | | | | 1 | | | |
2031
|
| | | | 1,446 | | | | | | 0.7% | | |
WeWork
|
| | | | | | | | | | 1 | | | |
2034
|
| | | | 1,348 | | | | | | 0.7% | | |
Mythics
|
| | | | | | | | | | 1 | | | |
2030
|
| | | | 1,311 | | | | | | 0.7% | | |
Puttshack
|
| | | | | | | | | | 1 | | | |
2036
|
| | | | 1,203 | | | | | | 0.6% | | |
Apex Entertainment
|
| | | | | | | | | | 1 | | | |
2035
|
| | | | 1,176 | | | | | | 0.6% | | |
Pindrop
|
| | | | | | | | | | 1 | | | |
2027
|
| | | | 1,172 | | | | | | 0.6% | | |
Amazon/Whole Foods
|
| | | | Yes | | | | | | 1 | | | |
2040
|
| | | | 1,144 | | | | | | 0.6% | | |
Kimley-Horn
|
| | | | | | | | | | 1 | | | |
2027
|
| | | | 1,123 | | | | | | 0.6% | | |
Top 20 Total
|
| | | | | | | | | | | | | | | | | | $ | 55,497 | | | | | | 27.8% | | |
|
| | |
Three Months Ended
June 30, 2024 |
| |||
Net Income Attributable to Common Stockholders and OP Unitholders
|
| | | $ | 375 | | |
Excluding: | | | | | | | |
Depreciation and Amortization
|
| | | | 20,789 | | |
Impairment of Real Estate Assets
|
| | | | 1,494 | | |
Income Tax Benefit
|
| | | | (1,246) | | |
Interest Expense
|
| | | | 21,227 | | |
EBITDAre
|
| | | $ | 42,639 | | |
Change in Fair Value of Derivatives and Other
|
| | | | (4,398) | | |
Preferred Dividends
|
| | | | 2,887 | | |
Non-Recurring Bad Debt Adjustment
|
| | | | (478) | | |
Non-Recurring Termination Fee Adjustment
|
| | | | (103) | | |
Acquisition, Development, & Other Pursuit Costs
|
| | | | 5,528 | | |
Unrealized Credit Loss Release
|
| | | | (228) | | |
Investment Entities
|
| | | | 17 | | |
Non-Cash Stock Compensation
|
| | | | 744 | | |
Development/Redevelopment
|
| | | | (51) | | |
Total Adjusted EBITDAre
|
| | | $ | 46,557 | | |
Construction Gross Profit
|
| | | | (4,339) | | |
Corporate G&A
|
| | | | 4,328 | | |
Non-Cash Stock Compensation
|
| | | | (744) | | |
Interest Income
|
| | | | (4,580) | | |
Other Income (Expense), Net
|
| | | | (20) | | |
Stabilized Portfolio Adjusted EBITDAre
|
| | | $ | 41,202 | | |
Development/Redevelopment
|
| | | $ | 51 | | |
Property Adjusted EBITDAre
|
| | | $ | 41,253 | | |
| | |
Three Months Ended
June 30, 2024 |
| |||
Total Debt
|
| | | $ | 1,422,473 | | |
Adjustments to Debt:
|
| | | | | | |
(Less) Development/Redevelopment
|
| | | | (307,027) | | |
(Less) Unstabilized Property Debt
|
| | | | (52,886) | | |
Stabilized Portfolio Debt
|
| | | | 1,062,560 | | |
Debt
|
| |
Amount to
be Repaid(1) |
| |
Interest Rate
|
| |
Effective
Interest Rate |
| |
Maturity Date(2)
|
| ||||||
Chronicle Mill
|
| | | $ | 35,069 | | | |
SOFR+ 3.00%
|
| | | | 8.34% | | | |
April 26, 2025
|
|
Premier
|
| | | | 23,763 | | | |
SOFR+ 1.55%
|
| | | | 7.00% | | | |
October 31, 2024
|
|
Market at Mill Creek
|
| | | | 11,033 | | | |
SOFR+ 1.55%
|
| | | | 7.00%(3) | | | |
July 12, 2025
|
|
Revolving Credit Facility
|
| | | | 20,000 | | | |
SOFR+ 1.30%-1.85%
|
| | | | 6.94% | | | |
January 22, 2027
|
|
Total | | | | $ | 89,865 | | | | | | | | | | | | | | |
Underwriter
|
| |
Number of Shares
|
| |||
Jefferies LLC
|
| | | | 2,419,166 | | |
BofA Securities, Inc.
|
| | | | 2,419,166 | | |
Barclays Capital Inc.
|
| | | | 2,419,166 | | |
Scotia Capital (USA) Inc.
|
| | | | 637,501 | | |
Stifel, Nicolaus & Company, Incorporated
|
| | | | 637,501 | | |
Janney Montgomery Scott LLC
|
| | | | 233,750 | | |
Regions Securities LLC
|
| | | | 233,750 | | |
Total
|
| | | | 9,000,000 | | |
|
| | |
Per Share
|
| |
Without Option
|
| |
With Option
|
| |||||||||
Public offering price
|
| | | $ | 10.50 | | | | | $ | 94,500,000 | | | | | $ | 108,675,000 | | |
Underwriting discount
|
| | | $ | 0.4725 | | | | | $ | 4,252,500 | | | | | $ | 4,890,375 | | |
Proceeds, before expenses, to us
|
| | | $ | 10.0275 | | | | | $ | 90,247,500 | | | | | $ | 103,784,625 | | |
|
| | |
Page
|
| |||
| | | | 1 | | | |
| | | | 2 | | | |
| | | | 4 | | | |
| | | | 5 | | | |
| | | | 6 | | | |
| | | | 7 | | | |
| | | | 9 | | | |
| | | | 15 | | | |
| | | | 18 | | | |
| | | | 22 | | | |
| | | | 23 | | | |
| | | | 24 | | | |
| | | | 27 | | | |
| | | | 50 | | | |
| | | | 57 | | | |
| | | | 58 | | | |
| | | | 58 | | | |
| | | | 58 | | | |
| | | | 58 | | | |
| | | | 59 | | |
Calculation of Filing Fee Tables |
|||
|
|||
|
Table 1: Newly Registered and Carry Forward Securities |
---|
Security Type |
Security Class Title |
Fee Calculation or Carry Forward Rule |
Amount Registered |
Proposed Maximum Offering Price Per Unit |
Maximum Aggregate Offering Price |
Fee Rate |
Amount of Registration Fee |
Carry Forward Form Type |
Carry Forward File Number |
Carry Forward Initial Effective Date |
Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward |
||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Newly Registered Securities | |||||||||||||
|
1 |
|
|
|
|
$
|
$
|
|
$
|
||||
Fees Previously Paid | |||||||||||||
Carry Forward Securities | |||||||||||||
Carry Forward Securities | |||||||||||||
Total Offering Amounts: |
$
|
$
|
|||||||||||
Total Fees Previously Paid: |
$
|
||||||||||||
Total Fee Offsets: |
$
|
||||||||||||
Net Fee Due: |
$
|
Offering Note |
1 |
|
||||||
|
Narrative Disclosure |
---|
The maximum aggregate offering price of the securities to which the prospectus relates is $ |
|
Submission |
Sep. 26, 2024 |
---|---|
Submission [Line Items] | |
Central Index Key | 0001569187 |
Registrant Name | Armada Hoffler Properties, Inc. |
Registration File Number | 333-270080 |
Form Type | S-3 |
Submission Type | 424B2 |
Fee Exhibit Type | EX-FILING FEES |
Offerings - Offering: 1 |
Sep. 26, 2024
USD ($)
shares
|
---|---|
Offering: | |
Fee Previously Paid | false |
Rule 457(r) | true |
Security Type | Equity |
Security Class Title | Common Stock |
Amount Registered | shares | 10,350,000 |
Proposed Maximum Offering Price per Unit | 10.50 |
Maximum Aggregate Offering Price | $ 108,675,000.00 |
Fee Rate | 0.01476% |
Amount of Registration Fee | $ 16,040.43 |
Offering Note | Calculated pursuant to Rule 457(r) under the Securities Act of 1933, as amended (the "Securities Act"). The fee payable in connection with the offering pursuant to the prospectus supplement with which this Calculation of Filing Fee Tables is filed (the "prospectus supplement") has been paid in accordance with Rule 456(b) under the Securities Act. The securities covered by this Calculation of Filing Fee Tables includes 1,350,000 shares of common stock that are issuable upon the underwriters' exercise of their option to purchase such shares for 30 days after the date of the prospectus supplement. |
Fees Summary |
Sep. 26, 2024
USD ($)
|
---|---|
Fees Summary [Line Items] | |
Total Offering | $ 108,675,000.00 |
Previously Paid Amount | 0.00 |
Total Fee Amount | 16,040.43 |
Total Offset Amount | $ 0.00 |
Narrative Disclosure | |
Net Fee | $ 16,040.43 |
Narrative - Max Aggregate Offering Price | $ 108,675,000.00 |
Final Prospectus | true |
1 Year Armada Hoffler Properties Chart |
1 Month Armada Hoffler Properties Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions