What factors drove AHH's strong Q2 2024 EPS performance?

Armada Hoffler Properties (AHH) experienced a decline in its Q2 2024 diluted EPS, with a decrease of 5.98% compared to the previous quarter. Therefore, it is inaccurate to claim that AHH's Q2 2024 EPS performance was "strong."

AHH Net Income YoY, Total Revenue...

However, AHH has shown resilience in other aspects of its financial performance. For instance, the company's total revenue for Q2 2024 was $184.74 million, and it has maintained a strong dividend yield of 7%. Additionally, AHH has a development arm that produces properties for both its own portfolio and external clients, which has been a value creator for the company. This business model has been successful in generating income through leasing and project developments, contributing to the company's overall financial performance.