Ah Realty Trust, Inc. · NYSE:AHRT
Ah Realty Trust — Armada Hoffler Properties — FY2025 Earnings Presentation
6 slides from Ah Realty Trust's earnings presentation, Feb 19, 2025
Slide 1: Guidance Presentation 2025
1CLICK TO EDIT MASTER TITLE STYLE GUIDANCE PRESENTATION 2025
Slide 2: 2025 Outlook & Assumptions
22025 OUTLOOK & ASSUMPTIONS LOW HIGH PROPERTY PORTFOLIO NOI $171.2M $175.8M CONSTRUCTION SEGMENT PROFIT $6.8M $8.6M G&A EXPENSES ($17.6M) ($16.6M) INTEREST INCOME $15.7M $16.7M ADJUSTED INTEREST EXPENSE(1) ($63.5M) ($59.5M) NORMALIZED FFO PER DILUTED SHARE $1.00 $1.10 GUIDANCE ASSUMPTIONS • Harbor P
Slide 3: Estimated NOI & Fee Income
3ESTIMATED NOI & FEE INCOME (1) Based on management’s guidance. (2) Excludes AHH rent and adjustments for noncontrolling interests. (3) JV property income for 2025 includes $3.8M expected to be derived from the T. Rowe Price Global HQ and carries ($0.8M) from Allied | Harbor Point, resulting in esti
Slide 4: Evolving Stabilized Portfolio GAAP NOI Composition
4EVOLVING STABILIZED PORTFOLIO GAAP NOI COMPOSITION 2024 2025E Guidance Midpoint Retail Multifamily Office Projected Property Segment NOI Fully Stabilized (1) Excludes AHH rent and adjustments for noncontrolling interests. (2) Assumes Chandler Residences stabilizes in Q2 2025 and Southern Post Comme
Slide 5: Trend Comparisons
5TREND COMPARISONS $ IN MILLIONS $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 $200 Property Portfolio NOI Total Adjusted EBITDAre Normalized FFO Total Common Dividend 2023 2024 2025E 2023 2024 2025E Property Portfolio NOI $160 $171 $174 Total Adjusted EBITDAre $175 $181 $181 Normalized FFO $110 $119
Slide 6: Forward-Looking Statements
6FORWARD-LOOKING STATEMENTS This presentation should be read in conjunction with the unaudited condensed consolidated financial statements appearing in our press release dated February 19, 2025 and the Supplemental Financial Package for the quarter and the fiscal year ending December 31, 2024 (the “
Armada Hoffler Properties — FY2025 Earnings Presentation on 6ix