Ah Realty Trust, Inc. · NYSE:AHRT
Ah Realty Trust — Armada Hoffler Properties — FY2023 Earnings Presentation
6 slides from Ah Realty Trust's earnings presentation, Feb 14, 2023
Slide 1: Guidance Presentation 2023
1CLICK TO EDIT MASTER TITLE STYLE GUIDANCE PRESENTATION 2023
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 14, 2023, which has been furnished as Exhibit 99.1 to our Form 8-K furnished on February 14, 2023. The Company make
Slide 3: 2023 Outlook & Assumptions
32023 OUTLOOK & ASSUMPTIONS 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 SUMMARY OF GUIDANCE ASSUMPTIONS • Chronicle Mill stabil
Slide 4: Estimated NOI & Fee Income
4ESTIMATED NOI & FEE INCOME(1) (1) Includes AHH rent. Excludes expenses associated with the Company’s in house asset management division. (2) Based on management’s guidance. (3) Fully Stabilized Portfolio assumes 100% NOI from Parcel 4 Mixed-Use project and announced pipeline is delivered and stabil
Slide 5: Evolving Portfolio GAAP NOI Composition
5EVOLVING PORTFOLIO GAAP NOI COMPOSITION 2021 2023 Guidance Midpoint Retail Multifamily Office Projected Property Segment NOI Fully Stabilized (2)(3) (1) Includes AHH rent. Excludes expenses associated with the Company’s in house asset management division. (2) Fully Stabilized Portfolio assumes anno
Slide 6: Trend Comparisons
6TREND COMPARISONS $ IN MILLIONS 2021 2022 2023E NOI $121 $151 $163 EBITDA $127 $152 $168 NFFO $87 $108 $110 Total Dividend $49 $61 $69 $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 NOI EBITDA NFFO Total Dividend 2021 2022 2023E
Armada Hoffler Properties — FY2023 Earnings Presentation on 6ix