AHH - Armada Hoffler Properties updates September rent collection

Armada Hoffler Properties (AHH) collected 94% of total portfolio rents due for September; office tenants paid 100%, multifamily tenants paid 95%, and retail tenants paid 90% as of September, 22.“We are pleased to report continued and sustained improvement in our portfolio rent collections,” said Louis Haddad, President & CEO. “Collections for the month of September are ahead of our prior month’s pace across the portfolio and we anticipate finishing the quarter with over 96% of portfolio rents collected. These results coupled with added liquidity provide us further confidence as we turn our attention to growing our asset base through acquisitions and ground-up development.”

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Armada Hoffler Properties updates September rent collection