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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Rental revenues $ 56,218 $ 54,635
General contracting and real estate services revenues $ 84,238 $ 24,650
Revenue, Product and Service [Extensible List] Real Estate [Member] Real Estate [Member]
Interest income $ 3,719 $ 3,568
Total revenues 144,175 82,853
Expenses    
Rental expenses 12,960 12,669
Real estate taxes 5,412 5,404
General contracting and real estate services expenses 81,170 23,821
Depreciation and amortization 18,468 18,557
Amortization of right-of-use assets - finance leases 277 278
General and administrative expenses 5,448 4,708
Acquisition, development and other pursuit costs 0 11
Impairment charges 102 47
Total expenses 123,837 65,495
Operating income 20,338 17,358
Interest expense (12,302) (9,031)
Loss on extinguishment of debt 0 (158)
Change in fair value of derivatives and other (2,447) 4,182
Finance Receivable Allowance For Credit Loss And Off-Balance-Sheet, Credit Loss, Liability, Expense (Reversal) (77) (605)
Other income (expense), net 93 229
Income before taxes 5,605 11,975
Income tax (provision) benefit (188) 301
Net income 5,417 12,276
Net income attributable to noncontrolling interests:    
Investment entities (154) (100)
Operating Partnership (554) (2,183)
Net income attributable to Armada Hoffler Properties, Inc. 4,709 9,993
Preferred stock dividends (2,887) (2,887)
Net income attributable to common stockholders $ 1,822 $ 7,106
Net income attributable to common stockholders per share (basic) (in dollars per share) $ 0.03 $ 0.11
Net income attributable to common stockholders per share (diluted) (in dollars per share) $ 0.03 $ 0.11
Weighted-average common shares outstanding (basic) (in shares) 67,787 67,128
Weighted-average common shares outstanding (diluted) (in shares) 67,787 67,128
Comprehensive income:    
Net income $ 5,417 $ 12,276
Unrealized cash flow hedge gains (losses) (426) 7,722
Realized cash flow hedge (gains) losses reclassified to net income (2,922) 787
Comprehensive income 2,069 20,785
Comprehensive income attributable to Armada Hoffler Properties, Inc. 2,169 16,502
Investment entities    
Expenses    
Net income 154 100
Comprehensive income:    
Net income 154 100
Unrealized cash flow hedge gains (losses) 2  
Realized cash flow hedge (gains) losses reclassified to net income (39)  
Comprehensive income attributable to noncontrolling interests: (118) (100)
Operating Partnership    
Expenses    
Net income 554 2,183
Comprehensive income:    
Net income 554 2,183
Unrealized cash flow hedge gains (losses) (100) 1,815
Realized cash flow hedge (gains) losses reclassified to net income (672) 185
Comprehensive income attributable to noncontrolling interests: $ 218 $ (4,183)