AHH - Armada Hoffler: Solid Dividend At A Great Price

2024-06-05 09:47:05 ET

Summary

• Armada Hoffler Properties is a REIT that owns and leases a diversified portfolio of office, retail, and multifamily properties in the U.S.
• The REIT's portfolio consists of 59 properties spread across multiple states, with a focus on mixed-use communities which provides greater diversification.
• It has experienced a decrease in AFFO and occupancy rates, but the shares seem to be undervalued using very conservative assumptions.
• Also, the dividend yield is quite high right now, but seems to be sustainable.

Armada Hoffler Properties, Inc. ( AHH ), incorporated in 2012 and headquartered in Virginia Beach, VA, is a REIT that owns, acquires, develops, and leases a diversified portfolio of office, retail, and multifamily properties in the U.S....

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