Armada Hoffler rebrands amid strategic shift

Virginia Beach-based real estate investment trust Armada Hoffler Properties plans to rebrand as AH Realty Trust next month as part of a sweeping overhaul that includes selling major parts of its portfolio and cutting debt.

The Monday announcement came the same day that the company reported a net income of more than $3.59 million for 2025 — a significant drop from the net income of $42.49 million in 2024 — despite full-year revenues increasing from $274 million in 2024 to $285 million in 2025. Armada Hoffler said it undertook a year-long review of its operations and is reshaping its strategy and capital allocation to create a leaner, more focused business. The company’s transformation includes its new name, which is expected to take effect March 2.

Armada Hoffler, which is exiting the multifamily property sector, has signed a letter of intent to sell 11 of its 14 multifamily apartment properties. The company is also in talks to sell its construction business and a majority of its real estate financing platform investments. The company expects these deals to close this year and intends to use the proceeds to pay down debt. As of Dec. 31, 2025, the company had $1.5 billion in total outstanding debt.

In a statement, Armada Hoffler President, CEO and Chairman Shawn Tibbetts described the changes as “a fundamental reset of the company” and a prioritization of long-term value creation over short-term earnings.

“We are rebuilding every part of the organization and operational excellence is our guiding principle, informing every decision we make,” said Tibbetts, who became chairman Jan. 1. “We believe, with significantly reduced leverage and a streamlined operating model, we will be a stronger, leaner and more agile firm, better positioned to produce predictable earnings and sustainable cash flow growth.”

The company said it will prioritize expanding its retail real estate portfolio, saying it sees the sector as a source of stable cash flow and growth. It plans to target markets with strong demand and rent growth.

Armada Hoffler said it recently consolidated its headquarters to a smaller space and plans to lease its former offices to generate additional income.

“This is about delivering tangible, long-term value for our shareholders,” said Tibbetts in a statement.

Also on March 2, the company’s operating partnership will be renamed to “AH Realty Trust LP,” and its trading symbols on the New York Stock Exchange will change from “AHH” to “AHRT” for the company’s common stock and from “AHH PrA” to “AHRT PrA” for the company’s Series A preferred stock.

The company said the rebrand will not impact its organizational structure, stockholder rights or its qualification as a REIT for U.S. federal income tax purposes.

Founded in 1979, Armada Hoffler develops, builds, acquires and manages properties in the mid-Atlantic and Southeast.