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Stock impact report

Armada Hoffler Properties Provides Update on Monthly 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., June 23, 2020 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today provided an update on rent collections for the second quarter. As of June 19, the Company’s portfolio rent collections for June were already 87% compared to 85% for the full month of May and 84% for the full month of April. Nearly 90% of the Company’s retail tenants are currently open or operating and the Company has agreed to terms or is in active negotiations with over 95% of commercial tenants seeking rent relief. “As anticipated, the positive momentum that we experienced last month has carried over into June and our rent collections for the quarter continue to improve,” said Louis Haddad, President and Chief Executive Officer. “As of the middle of the month, virtually all of our office tenants have already paid June rent and, consistent with the previous two months, we expect to collect nearly all of our apartment rents by the end the month. Ultimately, we anticipate collec Show less Read more
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