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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Armada Hoffler: Solid Dividend At A Great Price