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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Rental revenues $ 219,294 $ 192,140 $ 166,488
General contracting and real estate services revenues 234,859 91,936 217,146
Total revenues 454,153 284,076 383,634
Expenses      
Rental expenses 50,742 46,494 38,960
Real estate taxes 22,057 21,852 18,136
General contracting and real estate services expenses 227,158 88,100 209,472
Depreciation and amortization 72,974 68,853 59,972
Amortization of right-of-use assets - finance leases 1,110 1,022 586
General and administrative expenses 15,691 14,610 12,905
Acquisition, development and other pursuit costs 37 112 584
Impairment charges 416 21,378 666
Total expenses 390,185 262,421 341,281
Gain on real estate dispositions 53,466 19,040 6,388
Operating income 117,434 40,695 48,741
Interest income 16,978 18,457 19,841
Interest expense (39,680) (33,905) (31,035)
Loss on extinguishment of debt (3,374) (3,810) 0
Change in fair value of derivatives and other 8,698 2,182 (1,130)
Unrealized credit loss release (provision) (626) 792 (256)
Other income (expense), net 378 302 515
Income before taxes 99,808 24,713 36,676
Income tax benefit 145 742 283
Net income 99,953 25,455 36,959
Net (income) loss attributable to noncontrolling interests:      
Investment entities (5,948) 5 230
Operating Partnership (19,258) (3,568) (8,037)
Net income attributable to Armada Hoffler Properties, Inc. 74,747 21,892 29,152
Preferred stock dividends (11,548) (11,548) (7,349)
Net income attributable to common stockholders $ 63,199 $ 10,344 $ 21,803
Net income attributable to common stockholders per share (basic) (in dollars per share) $ 0.94 $ 0.17 $ 0.38
Net income attributable to common stockholders per share (diluted) (in dollars per share) $ 0.94 $ 0.17 $ 0.38
Weighted-average common shares outstanding (basic) (in shares) 67,576 60,647 57,328
Weighted-average common shares outstanding (diluted) (in shares) 67,576 60,647 57,328
Comprehensive income:      
Net income $ 99,953 $ 25,455 $ 36,959
Unrealized cash flow hedge gains (losses) 20,165 3,678 (9,751)
Realized cash flow hedge losses reclassified to net income (800) 8,163 3,345
Comprehensive income 119,318 37,296 30,553
Comprehensive income attributable to Armada Hoffler Properties, Inc. $ 89,460 30,728 24,524
Revenue, Product and Service [Extensible List] Real Estate [Member]    
Noncontrolling interests in investment entities      
Expenses      
Net income $ 5,948 (5) (230)
Comprehensive income:      
Net income 5,948 (5) (230)
Unrealized cash flow hedge gains (losses) 148    
Realized cash flow hedge losses reclassified to net income 7    
Comprehensive (income) loss attributable to noncontrolling interests: (6,103) 5 230
Noncontrolling interests in Operating Partnership      
Expenses      
Net income 19,258 3,568 8,037
Comprehensive income:      
Net income 19,258 3,568 8,037
Unrealized cash flow hedge gains (losses) 4,684 939 (2,669)
Realized cash flow hedge losses reclassified to net income (187) 2,067 891
Comprehensive (income) loss attributable to noncontrolling interests: $ (23,755) $ (6,573) $ (6,259)