Armada Hoffler Completes $150 Million Sale of The Residences at Annapolis Junction at a 4.15% Exit Cap Rate
Armada Hoffler Properties, Inc. (AHH)
Last armada hoffler properties, inc. earnings: 4/30 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
ir.armadahoffler.com
Company Research
Source: GlobeNewswire
VIRGINIA BEACH, Va., July 25, 2022 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) successfully completed the sale of The Residences at Annapolis Junction, a 416-unit suburban mid-rise apartment community in Howard County, Maryland for $150 million. The transaction closed on July 22, 2022. “With the sale of The Residences at Annapolis Junction, I am pleased to report that we’ve successfully completed the disposition of $177 million of noncore assets at a blended 4.1% exit cap rate,” said Lou Haddad, President and CEO of Armada Hoffler. “Last quarter, we set a goal of selling up to $200 million of noncore assets at cap rates in the mid 4% cap range. In less than three months’ time, we not only achieved, but exceeded our price target. More importantly, the proceeds generated from these noncore asset sales will satisfy our equity needs for the remainder of the year and probably well beyond. These transactions allow us to execute on our current development pipeline without accessing the
Show less
Read more
Impact Snapshot
Event Time:
AHH
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AHH alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AHH alerts
High impacting Armada Hoffler Properties, Inc. news events
Weekly update
A roundup of the hottest topics
AHH
News
- Armada Hoffler Properties: I Just Bought The 8.2% Dividend Yield [Seeking Alpha]Seeking Alpha
- Armada Hoffler Announces Appointment of F. Blair Wimbush to the Company’s Board of DirectorsGlobeNewswire
- Armada Hoffler: Market Mispricing Means Income Opportunity And Potential Upside [Seeking Alpha]Seeking Alpha
- Armada Hoffler Announces John W. Snow Will Retire From Company’s Board Of DirectorsGlobeNewswire
- Armada Hoffler Properties Full Year 2023 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
AHH
Earnings
- 2/22/24 - Miss
AHH
Sec Filings
- 3/25/24 - Form 4
- 3/25/24 - Form 4
- 3/25/24 - Form 4
- AHH's page on the SEC website