Armada Hoffler Properties Reports Second Quarter 2024 Financial Results
Intellectia.AI2024-08-08
Armada Hoffler Properties Reports Second Quarter 2024 Financial Results
Overview
Armada Hoffler Properties, Inc. reported its financial results for the second quarter ended June 30, 2024.
Key Financial Metrics
| Metric | Q2 2024 | Q1 2024 | Q2 2023 | YoY Change (%) | QoQ Change (%) | Consensus Estimates |
|---|---|---|---|---|---|---|
| Total Revenue | $67.87 million | N/A | N/A | N/A | N/A | $61.92 million |
| Earnings Per Share (EPS) | $0.00 | N/A | $0.13 | (100%) | N/A | $0.05 |
Interpretation : The company’s total revenue for Q2 2024 was $67.87 million, surpassing consensus estimates of $61.92 million. Earnings per share were $0.00, falling short of the $0.05 consensus estimate and considerably lower than the $0.13 reported in the same quarter of the previous year.
Revenue Performance by Segment
| Segment | Q2 2024 Revenue | Q1 2024 Revenue | Q2 2023 Revenue | YoY Change (%) | QoQ Change (%) |
|---|---|---|---|---|---|
| General Contracting & Real Estate Services | $14.3M | N/A | N/A | N/A | N/A |
Interpretation : The general contracting and real estate services segment exhibited robust performance with revenues of $14.3 million, demonstrating significant progress in backlog execution. However, specific revenue figures for other segments were not provided.
Dividends and Share Repurchase Program
| Share Repurchase Program Status |
|---|
| No shares repurchased during Q2 2024; $37.4 million remains available under the share repurchase program. |
Stock Price Movement
The stock price experienced a modest increase of 0.17% following the earnings release.
Note: The article is based on the provided earnings release data. Some categories did not have sufficient information to generate accurate content.
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