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Stock impact report

Armada Hoffler Properties Provides Update on April Rent Collections

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., April 22, 2020 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today provided an update on rent collections for the month of April. As of April 20, the Company had collected 77% of total portfolio rents due for the month. Office tenants have paid 99%, multifamily tenants have paid 96%, and retail tenants have paid 56%. Additionally, all third-party construction sites remain active and fully operational in accordance with local guidelines. “In addition to another anticipated strong month of third-party construction volume, to date we’ve collected over three quarters of April rents across our portfolio,” said Louis Haddad, President and Chief Executive Officer. “Compared to a recent Nareit survey of equity REITs, our collection rates from office, multifamily, and retail tenants have outpaced those of the survey respondents for each property type, a further testament to the strength of our diversified portfolio. Our broad-based platform combined w Show less Read more
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