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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Rental revenues $ 269,624 $ 256,697 $ 238,924
Interest income 15,577 17,371 14,987
Total revenues 285,201 274,068 253,911
Expenses      
Rental expenses 66,912 62,410 56,419
Real estate taxes 25,100 23,308 22,442
Depreciation and amortization 91,522 90,829 97,339
General and administrative expenses 20,341 19,287 17,191
Acquisition, development, and other pursuit costs 93 5,530 84
Impairment charges 373 1,494 102
Total expenses 204,341 202,858 193,577
Gain on real estate dispositions, net 0 21,305 738
Operating income 80,860 92,515 61,072
Interest expense (85,309) (78,965) (57,810)
Equity in (loss) income of unconsolidated real estate entities (2,140) 245 0
Gain on consolidation of real estate entities 6,646 0 0
Loss on extinguishment of debt (69) (247) 0
Change in fair value of derivatives and other (1,522) 14,251 (6,242)
Unrealized credit loss release (provision) 437 (156) (574)
Other (expense) income, net (57) 209 31
(Loss) income from continuing operations (1,154) 27,852 (3,523)
Income before taxes 4,580 14,028 12,515
Income tax (provision) benefit from discontinued operations 482 614 (1,329)
Income from discontinued operations, net of taxes 5,062 14,642 11,186
Net income 3,908 42,494 7,663
Net loss (income) attributable to noncontrolling interests:      
Investment entities 99 (43) (605)
Operating Partnership 1,597 (6,806) 1,229
Net income attributable to Armada Hoffler Properties, Inc. 5,604 35,645 8,287
Preferred stock dividends (11,548) (11,548) (11,548)
Net (loss) income attributable to common stockholders $ (5,944) $ 24,097 $ (3,261)
Net (loss) income attributable to common stockholders from continuing operations per share (basic) (in dollars per share) $ (0.14) $ 0.13 $ (0.21)
Net (loss) income attributable to common stockholders from continuing operations per share (diluted) (in dollars per share) (0.14) 0.13 (0.21)
Net income attributable to common stockholders from discontinued operations per share (basic) (in dollars per share) 0.06 0.21 0.17
Net income attributable to common stockholders from discontinued operations per share (diluted) (in dollars per share) 0.06 0.21 0.17
Net (loss) income attributable to common stockholders per share (basic) (in dollars per share) (0.07) 0.34 (0.05)
Net (loss) income attributable to common stockholders per share (diluted) (in dollars per share) $ (0.07) $ 0.34 $ (0.05)
Weighted-average common shares outstanding (basic) (in shares) 80,116 70,662 67,692
Weighted-average common shares outstanding (diluted) (in shares) 80,116 70,662 67,692
Comprehensive income (loss):      
Net income $ 3,908 $ 42,494 $ 7,663
Unrealized cash flow hedge (losses) gains (1,310) 4,322 6,879
Realized cash flow hedge gains reclassified to net income (1,127) (7,289) (20,047)
Comprehensive income (loss) 1,471 39,527 (5,505)
Comprehensive income (loss) attributable to Armada Hoffler Properties, Inc. 3,569 33,477 (1,486)
Investment entities      
Expenses      
Net income (99) 43 605
Comprehensive income (loss):      
Net income (99) 43 605
Unrealized cash flow hedge (losses) gains 0 29 315
Realized cash flow hedge gains reclassified to net income 152 (68) (598)
Comprehensive loss (income) attributable to noncontrolling interests: (53) (3) (322)
Operating Partnership      
Expenses      
Net income (1,597) 6,806 (1,229)
Comprehensive income (loss):      
Net income (1,597) 6,806 (1,229)
Unrealized cash flow hedge (losses) gains (280) 971 1,538
Realized cash flow hedge gains reclassified to net income (275) (1,730) (4,650)
Comprehensive loss (income) attributable to noncontrolling interests: $ 2,151 $ (6,047) $ 4,341