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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Rental revenues $ 192,140 $ 166,488 $ 151,339
General contracting and real estate services revenues $ 91,936 217,146 105,859
Revenue, Product and Service [Extensible List] Real Estate [Member]    
Total revenues $ 284,076 383,634 257,198
Expenses      
Rental expenses 46,494 38,960 34,332
Real estate taxes 21,852 18,136 14,961
General contracting and real estate services expenses 88,100 209,472 101,538
Depreciation and amortization 68,853 59,972 54,564
Amortization of right-of-use assets - finance leases 1,022 586 377
General and administrative expenses 14,610 12,905 12,392
Acquisition, development and other pursuit costs 112 584 844
Impairment charges 21,378 666 252
Total expenses 262,421 341,281 219,260
Gain on real estate dispositions 19,040 6,388 4,699
Operating income 40,695 48,741 42,637
Interest income 18,457 19,841 23,215
Interest expense (33,905) (31,035) (31,344)
Loss on extinguishment of debt (3,810) 0 (30)
Equity in income of unconsolidated real estate entities 0 0 273
Change in fair value of derivatives and other 2,182 (1,130) (3,599)
Unrealized credit loss release (provision) 792 (256) 0
Other income (expense), net 302 515 615
Income before taxes 24,713 36,676 31,767
Income tax benefit 742 283 491
Net income 25,455 36,959 32,258
Net (income) loss attributable to noncontrolling interests:      
Investment entities 5 230 (213)
Operating Partnership (3,568) (8,037) (7,992)
Net income attributable to Armada Hoffler Properties, Inc. 21,892 29,152 24,053
Preferred stock dividends (11,548) (7,349) (2,455)
Net income attributable to common stockholders $ 10,344 $ 21,803 $ 21,598
Net income attributable to common stockholders, basic (in dollars per share) $ 0.17 $ 0.38 $ 0.41
Net income attributable to common stockholders, diluted (in dollars per share) $ 0.17 $ 0.38 $ 0.41
Weighted-average common shares outstanding, basic (in shares) 60,647 57,328 53,119
Weighted-average common shares outstanding, diluted (in shares) 60,647 57,328 53,119
Comprehensive income:      
Net income $ 25,455 $ 36,959 $ 32,258
Unrealized cash flow hedge gains (losses) 3,678 (9,751) (4,504)
Realized cash flow hedge losses reclassified to net income 8,163 3,345 501
Comprehensive income 37,296 30,553 28,255
Comprehensive income attributable to Armada Hoffler Properties, Inc. 30,728 24,524 21,096
Noncontrolling interests in investment entities      
Expenses      
Net income (5) (230) 213
Comprehensive income:      
Net income (5) (230) 213
Comprehensive (income) loss attributable to noncontrolling interests: 5 230 (213)
Noncontrolling interests in Operating Partnership      
Expenses      
Net income 3,568 8,037 7,992
Comprehensive income:      
Net income 3,568 8,037 7,992
Unrealized cash flow hedge gains (losses) 939 (2,669) (1,183)
Realized cash flow hedge losses reclassified to net income 2,067 891 137
Comprehensive (income) loss attributable to noncontrolling interests: $ (6,573) $ (6,259) $ (6,946)