Armada Hoffler reports Q4 normalized FFO 35c, consensus 32c

Reports Q4 revenue $55.69M, consensus $54.24M. "The underlying fundamentals of our portfolio -occupancy, renewal spreads, weighted average lease terms, tenant diversification and credit quality – are stronger than ever and recently validated by our first ever investment grade credit rating," said CEO Louis Haddad. "We are proud of our team for successfully executing an exceptional year with continued healthy NOI growth in each of our asset classes and record bottom-line per share earnings."