Armada Hoffler Properties Q2 2024 FFO $0.34 Beats $0.31 Estimate, Sales $63.265M Beat $61.921M Estimate
Portfolio Pulse from Benzinga Newsdesk
Armada Hoffler Properties (NYSE:AHH) reported Q2 2024 earnings per share of $0.34, beating the analyst estimate of $0.31 by 9.68%. The company also reported sales of $63.265 million, surpassing the $61.921 million estimate and marking a 5.53% increase from the same period last year.
August 07, 2024 | 8:33 pm
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Armada Hoffler Properties (NYSE:AHH) reported Q2 2024 earnings per share of $0.34, beating the analyst estimate of $0.31 by 9.68%. The company also reported sales of $63.265 million, surpassing the $61.921 million estimate and marking a 5.53% increase from the same period last year.
The company's earnings and sales both exceeded analyst expectations, which is likely to have a positive short-term impact on the stock price. The year-over-year sales increase further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100