AH Realty Trust, Inc. · NYSE:AHRT
AH Realty Trust — Armada Hoffler Properties — Investor Presentation (February 2023)
6 slides from AH Realty Trust's investor presentation, Feb 14, 2023
Slide 1: Guidance Presentation 2023
CLICK TO EDIT MASTER TITLE STYLE 1 GUIDANCE PRESENTATION 2023
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS 2 This presentation should be read in conjunction with the unaudited condensed consolidated financial statements appearing in our press release dated February 14, 2023, which has been furnished as Exhibit 99.1 to our Form 8-K furnished on February 14, 2023. The Company mak
Slide 3: 2023 Outlook & Assumptions
2023 OUTLOOK & ASSUMPTIONS 3 $ in millions LOW HIGH Portfolio NOI $157.4M $158.4M Construction Segment Profit $11.8M $12.8M G&A Expenses $16.7M $17.3M Interest Income $12.8M $13.4M Interest Expense(1) $45.4M $46.1M Normalized FFO Per Diluted Share $1.23 $1.27 (1) Includes the interest expense on fin
Slide 4: Estimated NOI & Fee Income
ESTIMATED NOI & FEE INCOME(1) 4 $ in millions $7 $7 $200 $13 9% $12 $13 $8 $13 $17 $150 $4 $8 $18 21% $20 $100 $195 $185 91% $163 $151 $121 $50 $106 79% $0 2020 2021 2022 2023⁽²⁾ 2024⁽²⁾ Fully Stabilized Portfolio⁽³⁾ Fully Stabilized 2020 2021 2022 2023⁽²⁾ 2024⁽²⁾ Portfolio⁽³⁾ CAGR Portfolio NOI $10
Slide 5: Evolving Portfolio GAAP NOI Composition
EVOLVING PORTFOLIO GAAP NOI 5 COMPOSITION $ in millions PORTFOLIO COMPOSITION(1) 2021 2023 MIDPOINT FULLY STABILIZED (2)(3) RETAIL $59 $72 $82 OFFICE $31 $56 $64 MULTIFAMILY $31 $35 $49 TOTAL $121 $163 $195 Projected Property Segment 2021 2023 Guidance Midpoint NOI Fully Stabilized (2)(3) 22% 26% 25
Slide 6: Trend Comparisons
TREND COMPARISONS 6 $ IN MILLIONS $180 $160 $140 $120 $100 $80 $60 $40 $20 $0 NOI EBITDA NFFO Total Dividend 2021 2022 2023E 2021 2022 2023E NOI $121 $151 $163 EBITDA $127 $152 $168 NFFO $87 $108 $110 Total Dividend $49 $61 $69
Armada Hoffler Properties — Investor Presentation (February 2023) on 6ix