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."

|code|Ticker|Name|Date|Net Income YoY|Total Revenue|Net Income|Diluted EPS|market_code|
|---|---|---|---|---|---|---|---|---|
|AHH|AHH.N|Armada Hoffler|2023 Q3|-80.11989898274682|1.66011E8|8423000|0.06|169|
|AHH|AHH.N|Armada Hoffler|2023 Q4|-244.8456089677464|1.91033E8|-2.1062E7||169|
|AHH|AHH.N|Armada Hoffler|2024 Q1|227.21063319180357|1.93482E8|1.7725E7|0.17|169|
|AHH|AHH.N|Armada Hoffler|2024 Q2|-77.97111185757474|1.84736E8|3279000|0|169|

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.