Armada Hoffler delivered solid third-quarter results for 2025, exceeding normalized FFO expectations and achieving a portfolio occupancy of 96%. The company is focused on enhancing its balance sheet and positioning for sustainable growth.

• Normalized FFO reached $0.29 per diluted share, driven by consistent performance across all commercial asset classes.
• Overall portfolio occupancy averaged an impressive 96%, with strong metrics in office (96.5%), retail (96%), and multifamily (94.2%).
• Retail portfolio exhibited strong fundamentals with renewal spreads averaging 6.5% on a cash basis and significant foot traffic increases of 13% in high-traffic centers.
• The company is narrowing 2025 FFO guidance to $1.03 - $1.07 per diluted share, reflecting its strategic shift towards higher-quality recurring property level earnings.
• Armada Hoffler continues to strategically recycle capital and optimize property-level performance for long-term shareholder value creation.