Armada Hoffler Properties, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 59.84 million compared to USD 55.69 million a year ago. Revenue was USD 191.03 million compared to USD 158.17 million a year ago. Net loss was USD 21.05 million compared to net income of USD 14.4 million a year ago. Diluted loss per share from continuing operations was USD 0.27 compared to diluted earnings per share from continuing operations of USD 0.13 a year ago.
For the full year, sales was USD 238.92 million compared to USD 219.29 million a year ago. Revenue was USD 667.16 million compared to USD 471.13 million a year ago. Net income was USD 7.06 million compared to USD 94.01 million a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.93 a year ago.