Armada hoffler properties, inc. (AHH)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Revenues
Rental revenues

151,339

116,958

108,737

99,355

81,172

64,746

57,520

54,436

52,578

General contracting and real estate services revenues

105,859

76,359

194,034

159,030

171,268

103,321

82,516

54,046

77,602

Total revenues

257,198

193,317

302,771

258,385

252,440

168,067

140,036

108,482

130,180

Expenses
Rental expenses

34,332

27,222

25,422

21,904

19,204

16,667

14,025

12,682

12,568

Real estate taxes

14,961

11,383

10,528

9,629

7,782

5,743

5,124

4,865

4,781

General contracting and real estate services expenses

101,538

73,628

186,590

153,375

165,344

98,754

78,813

50,103

72,138

Depreciation and amortization

54,564

39,913

37,321

35,328

23,153

17,569

14,898

12,909

12,994

Amortization of right-of-use assets - finance leases

377

-

-

-

-

-

-

-

-

General and administrative expenses

12,392

11,431

10,435

9,552

8,397

7,711

6,937

3,232

3,728

Acquisition, development and other pursuit costs

844

352

648

1,563

1,935

229

-

-

-

Impairment charges

252

1,619

110

355

41

15

580

-

-

Total expenses

219,260

165,548

271,054

231,706

225,856

146,688

120,377

83,791

106,209

Operating income

42,637

32,023

39,804

57,212

26,584

21,379

19,659

24,691

23,971

Interest income

23,215

10,729

7,077

3,228

126

0

-

-

-

Interest expense on indebtedness

30,776

19,087

17,439

16,466

13,333

10,648

12,303

16,561

18,134

Interest expense on finance leases

568

0

0

-

-

-

-

-

-

Equity in income of unconsolidated real estate entities

273

372

0

0

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-82

-512

0

-2,387

-

-3,448

Gain on real estate dispositions

4,699

4,254

8,087

30,533

18,394

2,211

9,460

-

-

Change in fair value of interest rate derivatives

-3,599

-951

1,127

-941

-229

-233

-

-

-

Other income (expense), net

585

377

81

147

119

120

297

777

258

Income before taxes

31,767

23,463

30,650

43,098

31,149

12,829

14,726

8,907

2,647

Income tax benefit

-491

-29

725

343

-34

70

273

0

0

Income from continuing operations

-

-

-

-

-

-

-

8,907

2,647

Discontinued operations:
Loss from discontinued operations

-

-

-

-

-

-

-

-35

-318

Gain on sale of real estate

-

-

-

-

-

-

-

25

-63

Results from discontinued operations

-

-

-

-

-

-

-

-10

-381

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

32,258

23,492

29,925

42,755

31,183

12,759

14,453

8,897

2,266

Net (income) loss attributable to noncontrolling interests:
Investment entities

213

0

0

-

-

-

-

-

-

Operating Partnership

7,992

6,289

8,878

14,681

11,541

5,068

5,097

-

-

Net income attributable to predecessor

-

-

-

-

-

-

2,020

-

-

Net income attributable to Armada Hoffler Properties, Inc.

24,053

17,203

21,047

28,074

19,642

7,691

7,336

-

-

Preferred stock dividends

2,455

0

0

-

-

-

-

-

-

Net income attributable to common stockholders

21,598

17,203

21,047

-

-

-

-

-

-

Net income attributable to stockholders per share (basic and diluted) (in dollars per share)

0.41

0.36

0.50

0.85

0.75

0.36

0.39

-

-

Weighted-average outstanding:
Common shares (in shares)

-

-

-

33,057

26,006

20,946

19,046

-

-

Common units (in shares)

-

-

-

17,167

15,377

14,125

13,059

-

-

Weighted-average common shares outstanding (basic and diluted) (in shares)

53,119

47,512

42,423

50,224

41,383

35,071

32,105

-

-

Comprehensive income:
Net income

32,258

23,492

29,925

42,755

31,183

12,759

14,453

8,897

2,266

Unrealized cash flow hedge losses

-4,504

-1,894

0

0

-1,075

0

-

-

-

Realized cash flow hedge losses reclassified to net income

-501

-169

0

0

-27

0

-

-

-

Comprehensive income

28,255

21,767

29,925

42,755

30,135

12,759

14,453

-

-

Comprehensive income attributable to predecessor

-

-

-

-

-

-

2,020

-

-

Comprehensive income attributable to Armada Hoffler Properties, Inc.

21,096

15,920

21,047

28,074

18,994

7,691

7,336

-

-

Noncontrolling interests in investment entities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

213

-

-

-

-

-

-

-

-

Net income

213

-

-

-

-

-

-

-

-

Comprehensive (income) loss attributable to noncontrolling interests:

213

0

0

14,681

11,141

5,068

5,097

-

-

Noncontrolling interests in Operating Partnership
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

7,992

6,289

8,878

-

-

-

-

-

-

Net income

7,992

6,289

8,878

-

-

-

-

-

-

Unrealized cash flow hedge losses

-1,183

-484

-

-

-

-

-

-

-

Realized cash flow hedge losses reclassified to net income

-137

-42

-

-

-

-

-

-

-

Comprehensive (income) loss attributable to noncontrolling interests:

6,946

5,847

8,878

-

-

-

-

-

-