Armada Hoffler Properties: Optimistic Outlook on Preferred Stock Amidst High Debt Levels

Armada Hoffler Properties (AHH) is a real estate investment trust that owns a majority stake in an operating partnership with retail, office, and multifamily assets. AHH completed a capital raise last year to support its balance sheet, but debt levels remain high. Despite this, the company is expected to turn bullish on its preferred stock again due to its strong portfolio and potential growth opportunities.