Armada Hoffler Properties Q2 FFO $0.32 Beats $0.31 Estimate, Rebtal Rev $59.95M Beat $58.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Armada Hoffler Properties (NYSE:AHH) reported Q2 FFO of $0.32 per share, beating the analyst consensus estimate of $0.31 by 3.23%. This is a 6.67% increase from the same period last year. The company also reported quarterly rental sales of $59.95 million, beating the analyst consensus estimate of $58.28 million by 2.87%. This is an 8.56% increase from the same period last year.
August 04, 2023 | 12:45 pm
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Armada Hoffler Properties reported better than expected Q2 results, with both FFO and rental sales beating estimates. This could potentially lead to a positive short-term impact on the company's stock.
Armada Hoffler Properties reported a higher than expected FFO and rental sales for Q2. This indicates a strong financial performance, which is likely to be viewed positively by investors and could lead to an increase in the company's stock price in the short term.
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