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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue, Product and Service [Extensible List]     us-gaap:RealEstateMember  
Revenues        
Rental revenues $ 39,636 $ 42,220 $ 121,840 $ 109,507
General contracting and real estate services revenues 58,617 27,638 163,283 66,118
Total revenues 98,253 69,858 285,123 175,625
Expenses        
Rental expenses 10,223 9,873 27,907 24,513
Real estate taxes 4,760 4,180 13,326 10,759
General contracting and real estate services expenses 56,509 26,446 157,401 62,855
Depreciation and amortization 14,176 15,465 42,232 38,874
Amortization of right-of-use assets - finance leases 147 145 440 230
General and administrative expenses 2,601 2,977 9,382 9,329
Acquisition, development and other pursuit costs 26 93 555 550
Impairment charges 47 0 205 0
Total expenses 88,489 59,179 251,448 147,110
Gain on real estate dispositions 3,612 4,699 6,388 4,699
Operating income 13,376 15,378 40,063 33,214
Interest income 4,417 5,710 16,055 16,622
Interest expense on indebtedness (7,294) (8,828) (22,252) (22,205)
Interest expense on finance leases (229) (228) (686) (340)
Equity in income of unconsolidated real estate entities 0 0 0 273
Change in fair value of derivatives and other 318 (530) (1,424) (3,926)
Unrealized credit loss release (provision) 33 0 (227) 0
Other income (expense), net 177 362 521 426
Income before taxes 10,798 11,864 32,050 24,064
Income tax benefit 28 199 220 339
Net income 10,826 12,063 32,270 24,403
Net (income) loss attributable to noncontrolling interests:        
Investment entities 45 (960) 181 (640)
Operating Partnership (2,262) (2,790) (7,548) (6,000)
Net income attributable to Armada Hoffler Properties, Inc. 8,609 8,313 24,903 17,763
Preferred stock dividends (2,220) (1,234) (4,462) (1,388)
Net income attributable to common stockholders $ 6,389 $ 7,079 $ 20,441 $ 16,375
Net income attributable to common stockholders per share (basic and diluted) (in dollars per share) $ 0.11 $ 0.13 $ 0.36 $ 0.31
Weighted-average common shares outstanding (basic and diluted) (in shares) 57,923 53,463 57,000 52,289
Comprehensive income:        
Net income $ 10,826 $ 12,063 $ 32,270 $ 24,403
Unrealized cash flow hedge losses (118) (1,247) (9,886) (5,709)
Realized cash flow hedge losses reclassified to net income 1,070 123 2,260 230
Comprehensive income 11,778 10,939 24,644 18,924
Comprehensive income attributable to Armada Hoffler Properties, Inc. 9,311 7,506 19,376 13,737
Noncontrolling interests in investment entities        
Expenses        
Net income (45) 960    
Comprehensive income:        
Net income (45) 960    
Comprehensive (income) loss attributable to noncontrolling interests: 45 (960) 181 (640)
Noncontrolling interests in Operating Partnership        
Expenses        
Net income 2,262 2,790    
Comprehensive income:        
Net income 2,262 2,790    
Unrealized cash flow hedge losses (31) (353)    
Realized cash flow hedge losses reclassified to net income 280 35    
Comprehensive (income) loss attributable to noncontrolling interests: $ (2,512) $ (2,473) $ (5,449) $ (4,547)