Armada Hoffler Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 62.91 million compared to USD 53.74 million a year ago. Revenue was USD 166.01 million compared to USD 126.26 million a year ago. Net income was USD 8.23 million compared to USD 36.79 million a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.38 a year ago.
For the nine months, sales was USD 179.08 million compared to USD 163.6 million a year ago. Revenue was USD 476.13 million compared to USD 312.96 million a year ago. Net income was USD 28.11 million compared to USD 79.6 million a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to USD 0.8 a year ago.