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Armada Hoffler Properties (Armada Hoffler Properties) ROE % : -10.20% (As of Dec. 2023)


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What is Armada Hoffler Properties ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Armada Hoffler Properties's annualized net income for the quarter that ended in Dec. 2023 was $-60.9 Mil. Armada Hoffler Properties's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $596.8 Mil. Therefore, Armada Hoffler Properties's annualized ROE % for the quarter that ended in Dec. 2023 was -10.20%.

The historical rank and industry rank for Armada Hoffler Properties's ROE % or its related term are showing as below:

AHH' s ROE % Range Over the Past 10 Years
Min: 1.33   Med: 9.14   Max: Negative Equity
Current: 1.33

During the past 13 years, Armada Hoffler Properties's highest ROE % was Negative Equity%. The lowest was 1.33%. And the median was 9.14%.

AHH's ROE % is ranked worse than
65.38% of 800 companies
in the REITs industry
Industry Median: 4.21 vs AHH: 1.33

Armada Hoffler Properties ROE % Historical Data

The historical data trend for Armada Hoffler Properties's ROE % 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.

* Premium members only.

Armada Hoffler Properties ROE % Chart

Armada Hoffler Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.05 6.26 4.06 12.43 1.36

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
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.21 2.94 7.49 4.43 -10.20

Competitive Comparison of Armada Hoffler Properties's ROE %

For the REIT - Diversified subindustry, Armada Hoffler Properties's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Armada Hoffler Properties's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Armada Hoffler Properties's ROE % distribution charts can be found below:

* The bar in red indicates where Armada Hoffler Properties's ROE % falls into.



Armada Hoffler Properties ROE % Calculation

Armada Hoffler Properties's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=8.287/( (647.45+572.622)/ 2 )
=8.287/610.036
=1.36 %

Armada Hoffler Properties's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=-60.9/( (620.954+572.622)/ 2 )
=-60.9/596.788
=-10.20 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Armada Hoffler Properties  (NYSE:AHH) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-60.9/596.788
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-60.9 / 747.012)*(747.012 / 2547.991)*(2547.991 / 596.788)
=Net Margin %*Asset Turnover*Equity Multiplier
=-8.15 %*0.2932*4.2695
=ROA %*Equity Multiplier
=-2.39 %*4.2695
=-10.20 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-60.9/596.788
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-60.9 / -82.268) * (-82.268 / 12.832) * (12.832 / 747.012) * (747.012 / 2547.991) * (2547.991 / 596.788)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7403 * -6.4112 * 1.72 % * 0.2932 * 4.2695
=-10.20 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Armada Hoffler Properties ROE % Related Terms

Thank you for viewing the detailed overview of Armada Hoffler Properties's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Armada Hoffler Properties (Armada Hoffler Properties) Business Description

Traded in Other Exchanges
Address
222 Central Park Avenue, Suite 2100, Virginia Beach, VA, USA, 23462
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

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