AHH - Armada Hoffler Properties Normalized FFO of $0.29 misses by $0.01 revenue of $122.77M beats by $68.15M raised FY FFO guidance

• Armada Hoffler Properties press release ( NYSE: AHH ): Q3 Normalized FFO of $0.29 misses by $0.01 .
• Revenue of $122.77M (+83.1% Y/Y) beats by $68.15M .
• Net Income of $0.38 Per Diluted Share

• Raised 2022 Full-Year Normalized FFO Guidance Range to $1.18 to $1.20 Per Diluted Share from a prior outlook of $1.16 to $1.20 Per Diluted Share vs. $1.19 consensus

• Executed 78,000 SF of New Office Leases at Harbor Point and Town Center

• Retail Occupancy Reached an All-Time High of 98%

• Rental Rates on New Apartment Leases Increased Nearly 9%

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