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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Rental revenues $ 166,488 $ 151,339 $ 116,958
General contracting and real estate services revenues $ 217,146 105,859 76,359
Revenue, Product and Service [Extensible List] us-gaap:RealEstateMember    
Total revenues $ 383,634 257,198 193,317
Expenses      
Rental expenses 38,960 34,332 27,222
Real estate taxes 18,136 14,961 11,383
General contracting and real estate services expenses 209,472 101,538 73,628
Depreciation and amortization 59,972 54,564 39,913
Amortization of right-of-use assets - finance leases 586 377 0
General and administrative expenses 12,905 12,392 11,431
Acquisition, development and other pursuit costs 584 844 352
Impairment charges 666 252 1,619
Total expenses 341,281 219,260 165,548
Gain on real estate dispositions 6,388 4,699 4,254
Operating income 48,741 42,637 32,023
Interest income 19,841 23,215 10,729
Interest expense on indebtedness (30,120) (30,776) (19,087)
Interest expense on finance leases (915) (568) 0
Equity in income of unconsolidated real estate entities 0 273 372
Change in fair value of derivatives and other (1,130) (3,599) (951)
Provision for unrealized credit losses (256) 0 0
Other income (expense), net 515 585 377
Income before taxes 36,676 31,767 23,463
Income tax benefit 283 491 29
Net income 36,959 32,258 23,492
Net (income) loss attributable to noncontrolling interests:      
Investment entities 230 (213) 0
Operating Partnership (8,037) (7,992) (6,289)
Net income attributable to Armada Hoffler Properties, Inc. 29,152 24,053 17,203
Preferred stock dividends (7,349) (2,455) 0
Net income attributable to common stockholders $ 21,803 $ 21,598 $ 17,203
Net income attributable to stockholders per share (basic and diluted) (in dollars per share) $ 0.38 $ 0.41 $ 0.36
Weighted-average common shares outstanding (basic and diluted) (in shares) 57,328 53,119 47,512
Comprehensive income:      
Net income $ 36,959 $ 32,258 $ 23,492
Unrealized cash flow hedge losses (9,751) (4,504) (1,894)
Realized cash flow hedge losses reclassified to net income 3,345 501 169
Comprehensive income 30,553 28,255 21,767
Comprehensive income attributable to Armada Hoffler Properties, Inc. 24,524 21,096 15,920
Noncontrolling interests in investment entities      
Expenses      
Net income (230) 213  
Comprehensive income:      
Net income (230) 213  
Comprehensive (income) loss attributable to noncontrolling interests 230 (213) 0
Noncontrolling interests in Operating Partnership      
Expenses      
Net income 8,037 7,992 6,289
Comprehensive income:      
Net income 8,037 7,992 6,289
Unrealized cash flow hedge losses (2,669) (1,183) (484)
Realized cash flow hedge losses reclassified to net income 891 137 42
Comprehensive (income) loss attributable to noncontrolling interests $ (6,259) $ (6,946) $ (5,847)