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Armada Hoffer boosts guidance

Aug. 05, 2014 7:38 AM ETArmada Hoffler Properties, Inc. (AHH) StockAHHBy: Stephen Alpher, SA News Editor
  • Full-year core FFO guidance is lifted to $27.5M from the previous $26.5M, helped by yesterday's purchase of Dimmock Square which should lift core FFO by bout $470K, assuming a mid-Q3 closing.
  • AHH expects to deliver 5 development projects, with the negative impact from non-stabilized projects forecast to be just $1M vs. the previous $1.5M.
  • Full-year G&A expense is now expected at $7.6M vs. $7.8M previously.
  • The construction company's annual segment profits are expected at $4.3M vs. $4M previously.
  • Previously: Armada Hoffler Properties beats by $0.01

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