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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Rental revenues $ 54,635 $ 45,741
General contracting and real estate services revenues 24,650 35,563
Total revenues 79,285 81,304
Expenses    
Rental expenses 12,669 10,832
Real estate taxes 5,404 5,306
General contracting and real estate services expenses 23,821 34,275
Depreciation and amortization 18,557 18,066
Amortization of right-of-use assets - finance leases 278 189
General and administrative expenses 4,708 4,021
Acquisition, development and other pursuit costs 11 71
Impairment charges 47 3,039
Total expenses 65,495 75,799
Gain on real estate dispositions, net 0 3,717
Operating income 13,790 9,222
Interest income 3,568 4,116
Interest expense (9,031) (7,975)
Loss on extinguishment of debt (158) 0
Change in fair value of derivatives and other 4,182 393
Unrealized credit loss (provision) release (605) 55
Other income (expense), net 229 179
Income before taxes 11,975 5,990
Income tax benefit 301 19
Net income 12,276 6,009
Net income attributable to noncontrolling interests:    
Investment entities (100) 0
Operating Partnership (2,183) (811)
Net income attributable to Armada Hoffler Properties, Inc. 9,993 5,198
Preferred stock dividends (2,887) (2,887)
Net income attributable to common stockholders $ 7,106 $ 2,311
Net income attributable to common stockholders per share (basic) (in dollars per share) $ 0.11 $ 0.04
Net income attributable to common stockholders per share (diluted) (in dollars per share) $ 0.11 $ 0.04
Weighted-average common shares outstanding (basic) (in shares) 67,128 59,422
Weighted-average common shares outstanding (diluted) (in shares) 67,128 59,422
Comprehensive income:    
Net income $ 12,276 $ 6,009
Unrealized cash flow hedge gains 7,722 2,276
Realized cash flow hedge losses reclassified to net income 787 1,078
Comprehensive income 20,785 9,363
Comprehensive income attributable to Armada Hoffler Properties, Inc. $ 16,502 $ 7,681
Revenue, Product and Service [Extensible List] Real Estate [Member] Real Estate [Member]
Noncontrolling interests in investment entities    
Expenses    
Net income $ 100 $ 0
Comprehensive income:    
Net income 100 0
Comprehensive income loss attributable to noncontrolling interests: (100) 0
Noncontrolling interests in Operating Partnership    
Expenses    
Net income 2,183 811
Comprehensive income:    
Net income 2,183 811
Unrealized cash flow hedge gains 1,815 591
Realized cash flow hedge losses reclassified to net income 185 280
Comprehensive income loss attributable to noncontrolling interests: $ (4,183) $ (1,682)