In its analysis of the Company, Morningstar DBRS cited several factors supporting the rating confirmation: (1) the Company's market position in the Mid-Atlantic region, (2) the asset quality of the Company’s multifamily and office portfolio, (3) the quality and diversification of the Company’s commercial tenant base, and (4) the longer-term weighted-average lease terms for its office and retail assets.
"We are pleased that Morningstar DBRS has reiterated our BBB credit rating,” said
The decision to acquire The Interlock property was a key part of our strategic growth plan to align with Armada Hoffler’s growth objectives. The mixed-use property, based in the West Midtown area of
More information regarding Armada Hoffler’s credit rating assignment can be found in the Morningstar DBRS press release dated
About
Forward-Looking Statements
Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement. These statements relate to Armada Hoffler’s pursuit of growth opportunities. The forward-looking statements presented herein are based on the Company's current expectations. For a description of factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, and the other documents filed by the Company with the Securities and Exchange Commission from time to time. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein, to reflect any change in the Company's expectations with regard thereto, or any other change in events, conditions or circumstances on which any such statement is based, except to the extent otherwise required by applicable law.
Contact:
Director of Corporate Communications and Investor Relations
Email: CForrest@armadahoffler.com
Phone: (757) 612-4248
Source:
2024 GlobeNewswire, Inc., source