Ah Realty Trust, Inc. · NYSE:AHRT
Ah Realty Trust — Armada Hoffler Properties — FY2018 Earnings Presentation
9 slides from Ah Realty Trust's earnings presentation, Feb 6, 2018
Slide 1: 2018 Guidance Presentation
1 2018 | Guidance Presentation
Slide 2: Forward Looking Statements
2FORWARD LOOKING STATEMENTS This presentation should be read in conjunction with the unaudited condensed consolidated financial statements appearing in our press release dated February 6, 2018, which has been furnished as Exhibit 99.1 to our Form 8-K filed on February 6, 2018. The Company makes stat
Slide 3: 2018 Outlook & Assumptions
3 Guidance Assumptions • Raising $55 million through the ATM program for a full year weighted average share count of 64.5 million • Interest expense is calculated based on the Forward LIBOR Curve, which forecasts rates rising to 2.2% by year end • Acquisition of four retail centers • Disposition of
Slide 4: NOI Growth Since IPO
4NOI GROWTH SINCE IPO $20 $30 $40 $50 $60 $70 $80 $90 2013 2014 2015 2016 2017 2018 Est. M ill io n s Operating Portfolio NOI Development NOI Acquisition NOI Estimate 2018 NOI to Increase 10% Over Prior Year
Slide 5: Evolving Portfolio NOI Composition
5EVOLVING PORTFOLIO NOI COMPOSITION 45% 10% 15% 16% 15% 6% 16% 14% 15% 49% Construction 4% Multifamily 25% Office 12% Mixed Use 31% Retail 29% 2017 2018 Estimated Projected Operating Portfolio with Stabilized Pipeline Center Location Featured Tenants Indian Lakes Virginia Beach, VA Harris Teeter/Waw
Slide 6: Construction Business Summary
6CONSTRUCTION BUSINESS SUMMARY $0 $1 $2 $3 $4 $5 $6 $7 $8 2013 2014 2015 2016 2017 2018 Est. ⁽¹⁾ Mil lion s Operating Gross Profit Potential Profit on Sale of Fortune 50 Distribution Center - Net of Taxes (1) 2018 Operating Gross Profit includes market fee for distribution center construction & deve
Slide 7: Projects Delivered Since IPO
7PROJECTS DELIVERED SINCE IPO PROJECT NAME PRODUCT TYPE SF OR UNITS DELIVERY INVESTMENT 4525 Main Street Virginia Beach, VA Office 239,000 SF 3Q14 $53M Encore Apartments Virginia Beach, VA Multifamily 286 Units 3Q14 $32M Whetstone Apartments(1) Durham, NC Multifamily 203 Units 3Q14 $29M Greentree Ch
Slide 8: Current Development Pipeline
8 Current Development Pipeline Development Projects(1) PRODUCT TYPE DELIVERY(1) INVESTMENT(2) Annapolis Junction(3) Annapolis Junction, MD Multifamily 3Q17 $106M Point Street Apartments(3) Baltimore, MD Multifamily 1Q18 $98M One City Center(5) Durham, NC Mixed-Use 3Q18 $44M Town Center Phase VI Virg
Slide 9: 2018 Outlook & Assumptions
92018 OUTLOOK & ASSUMPTIONS Guidance Assumptions Raising $55 million through the ATM program for a full year weighted average share count of 64.5 million • Interest expense is calculated based on the Forward LIBOR Curve, which forecasts rates rising to 2.2% by year end • Acquisition of four retail c
Armada Hoffler Properties — FY2018 Earnings Presentation on 6ix