Armada Hoffler Properties (Armada Hoffler Properties) Interest Expense : $-57.8 Mil (TTM As of Dec. 2023)

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What is Armada Hoffler Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Armada Hoffler Properties's interest expense for the three months ended in Dec. 2023 was $ -16.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-57.8 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Armada Hoffler Properties's Operating Income for the three months ended in Dec. 2023 was $ 3.2 Mil. Armada Hoffler Properties's Interest Expense for the three months ended in Dec. 2023 was $ -16.4 Mil. Armada Hoffler Properties's Interest Coverage for the quarter that ended in Dec. 2023 was 0.20. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Armada Hoffler Properties Interest Expense Historical Data

The historical data trend for Armada Hoffler Properties's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Armada Hoffler Properties Interest Expense Chart

Armada Hoffler Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-31.34

-31.04

-33.91

-39.68

-57.81

Armada Hoffler Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-10.93	-12.30	-13.63	-15.44	-16.44

Armada Hoffler Properties Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-57.8 Mil.

Armada Hoffler Properties (NYSE:AHH) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Armada Hoffler Properties's Interest Expense for the three months ended in Dec. 2023 was $-16.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $3.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,247.2 Mil.

Armada Hoffler Properties's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3.208	/	-16.435
	=	0.20

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Armada Hoffler Properties Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Armada Hoffler Properties (Armada Hoffler Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Armada Hoffler Properties Inc (NYSE:AHH) » Definitions » Interest Expense

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AHHpA.PFD:USA

Address

222 Central Park Avenue, Suite 2100, Virginia Beach, VA, USA, 23462

Website

https://www.armadahoffler.com

Armada Hoffler Properties Inc is a real estate company. It engages in developing, building, owning and managing the high-quality, institutional-grade office, retail, and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. The company's operating segment includes office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services. It generates maximum revenue from the general contracting and real estate services segment.

Executives

A Russell Kirk	director	3720 VIRGINIA BEACH BLVD, VIRGINIA BEACH VA 23452
Eric E. Apperson	officer: Vice President	222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
Dennis H. Gartman	director	C/O ARMADA HOFFLER PROPERTIES, INC., 222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
Matthew Barnes-smith	officer: CFO, Treasurer and Secretary	C/O ARMADA HOFFLER PROPERTIES, INC., 222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
Michael P O'hara	officer: Treasurer, CFO	222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
John W. Snow	director	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Daniel A Hoffler	director	4171 ESSEN LANE, BATON ROUGE LA 70809
Louis S Haddad	director, officer: President, CEO	222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
James C. Cherry	director	C/O PARK STERLING BANK, 1043 EAST MOREHEAD STREET, SUITE 201, CHARLOTTE NC 28204
Shawn J Tibbetts	officer: Chief Operating Officer	C/O ARMADA HOFFLER PROPERTIES, INC., 222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
Dorothy Mcauliffe	director	C/O ARMADA HOFFLER PROPERTIES, INC., 222 CENTRAL PARK AVENUE SUITE 2100, VIRGINIA BEACH VA 23462
Eva S Hardy	director	ARMADA HOFFLER PROPERTIES, 222 CENTRAL PARK AVE, STE 2100, VIRGINIA BEACH VA 23462
George F Allen	director	222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
Shelly R. Hampton	officer: Vice President	222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462
Eric L Smith	officer: Chief Investment Officer	222 CENTRAL PARK AVENUE, SUITE 2100, VIRGINIA BEACH VA 23462