Armada Hoffler Properties outlines 2024 dividend tax classifications for stockholders, encouraging consultation with tax advisors.
Quiver AI Summary
Armada Hoffler Properties, Inc. has announced the income tax treatment for its 2024 dividend distributions for common and preferred stockholders, which will be included in Form 1099-DIV. Stockholders are advised to consult tax advisors for their specific tax situations. The dividend classifications include ordinary dividends, capital gain distributions, and return of capital percentages for common and preferred stock, reflecting allocations such as Section 199A dividends and capital gains. Armada Hoffler, a self-managed real estate investment trust with over 40 years of experience, focuses on high-quality properties in the Mid-Atlantic and Southeastern U.S., and also provides development and construction services.
Potential Positives
- Armada Hoffler Properties, Inc. provided detailed tax treatment information for its 2024 dividend distributions, enhancing transparency for stockholders regarding their income allocations.
- The capital gains distribution percentages indicate a favorable financial performance, with 36.80% for common stock and 50.12% for preferred stock, signaling potential value for investors.
- As a vertically-integrated, self-managed REIT with four decades of experience, the company demonstrates stability and expertise in managing high-quality properties.
Potential Negatives
- The classification of a significant portion of the dividend distributions as capital gains may increase the tax burden for shareholders, potentially reducing their overall returns.
- The need for shareholders to consult personal tax advisors for specific tax treatment indicates complexity and could deter some investors from engaging with the stock.
FAQ
What is the 2024 tax treatment of Armada Hoffler's dividends?
The 2024 dividend distributions from Armada Hoffler Properties will have various tax classifications including ordinary dividends and capital gains.
How are common stock dividends categorized for tax purposes?
Common stock dividends are classified into total ordinary dividends, total capital gain distributions, and section 199A dividends, among others.
What should stockholders do regarding tax advice for dividends?
Stockholders are advised to consult their personal tax advisors for specific tax treatment regarding the Company's dividend distributions.
What percentages are reported for preferred stock dividends?
Preferred Series A dividends report 49.88% as ordinary dividends and 50.12% as capital gain distributions for tax purposes.
When did the income tax treatment for common stock start?
The income tax treatment for common stock began in 2018, relating to the 199A dividend established by the 2017 Tax Cuts and Jobs Act.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AHH Insider Trading Activity
$AHH insiders have traded $AHH stock on the open market 15 times in the past 6 months. Of those trades, 14 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $AHH stock by insiders over the last 6 months:
- A RUSSELL KIRK has made 3 purchases buying 97,106 shares for an estimated $1,019,638 and 0 sales.
- DANIEL A HOFFLER purchased 95,238 shares for an estimated $999,999
- LOUIS S HADDAD (CEO) purchased 95,238 shares for an estimated $999,999
- ERIC E. APPERSON (President of Construction) sold 20,000 shares for an estimated $220,376
- FREDERICK BLAIR WIMBUSH has made 4 purchases buying 9,905 shares for an estimated $103,897 and 0 sales.
- DENNIS H. GARTMAN has made 2 purchases buying 9,000 shares for an estimated $97,628 and 0 sales.
- JAMES C. CHERRY purchased 4,761 shares for an estimated $49,990
- JAMES A CARROLL purchased 2,857 shares for an estimated $29,998
- GEORGE F ALLEN purchased 952 shares for an estimated $9,996
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AHH Hedge Fund Activity
We have seen 132 institutional investors add shares of $AHH stock to their portfolio, and 70 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC added 1,350,004 shares (+4016.7%) to their portfolio in Q3 2024, for an estimated $14,620,543
- ALYESKA INVESTMENT GROUP, L.P. added 1,100,100 shares (+inf%) to their portfolio in Q3 2024, for an estimated $11,914,083
- VISION CAPITAL CORP added 1,100,000 shares (+inf%) to their portfolio in Q3 2024, for an estimated $11,913,000
- VANGUARD GROUP INC added 1,050,673 shares (+13.8%) to their portfolio in Q3 2024, for an estimated $11,378,788
- UNIPLAN INVESTMENT COUNSEL, INC. added 963,989 shares (+inf%) to their portfolio in Q3 2024, for an estimated $10,440,000
- SOUND INCOME STRATEGIES, LLC added 884,582 shares (+inf%) to their portfolio in Q4 2024, for an estimated $9,049,273
- BALYASNY ASSET MANAGEMENT L.P. added 881,858 shares (+3975.7%) to their portfolio in Q3 2024, for an estimated $9,550,522
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
VIRGINIA BEACH, Va., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) announced the income tax treatment of its 2024 dividend distributions to holders of shares of the Company’s common stock and preferred stock.
This information represents final income allocations as they will be reported on Form 1099-DIV. The tax information provided should not be construed as tax advice. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s distributions. Beginning in 2018, ordinary taxable income per share of common stock and preferred stock is equal to the 199A dividend that was created by the 2017 Tax Cuts and Jobs Act.
Common Stock Dividends
NYSE Ticker Symbol: AHH
CUSIP #04208T 10 8
EIN: #46-1214914
Box 1a Total Ordinary Dividends | 36.62 | % | |
Box 2a Total Capital Gain Distribution | 36.80 | % | |
Box 2b Unrecaptured Section 1250 Gain | 25.45 | % | |
Box 2e Section 897 Ordinary Dividend | 2.89 | % | |
Box 2f Section 897 Capital Gain | 36.80 | % | |
Box 3 Non-Dividend Distributions | 26.58 | % | |
Box 5 Section 199A Dividends | 36.62 | % | |
Total Capital Gain | 36.80 | % | |
Total Ordinary | 36.62 | % | |
Total Return of Capital | 26.58 | % | |
Total | 100.00 | % |
Preferred Series A Dividends
NYSE Ticker Symbol: AHHPrA
CUSIP #04208T 20 7
EIN: #46-1214914
Box 1a Total Ordinary Dividends | 49.88 | % | |
Box 2a Total Capital Gain Distribution | 50.12 | % | |
Box 2b Unrecaptured Section 1250 Gain | 34.66 | % | |
Box 2e Section 897 Ordinary Dividend | 3.94 | % | |
Box 2f Section 897 Capital Gain | 50.12 | % | |
Box 5 Section 199A Dividends | 49.88 | % | |
Total Capital Gain | 50.12 | % | |
Total Ordinary | 49.88 | % | |
Total | 100.00 | % |
Line 2a - The total dividend classified as Capital Gain is Section 1231 gain for purposes of Internal Revenue Code (IRC) Section 1061. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests."
Line2b - These amounts are a subset of, and included in, the 2024 Capital Gain amounts (Line 2a).
Line 2e - The amount of the dividends treated as a Disposition of Investment in United States Real Property, for purposes of Internal Revenue Code (IRC) Section 897, are reflected in Boxes 2e and 2f. Box 2e is a subset of, and included in, the 2024 Taxable Ordinary Dividend amounts (Line 1a). Box 2f is a subset of, and included in, the 2024 Capital Gain amounts (Line 2a).
Line 5 - These amounts are a subset of, and included in, the 2024 Taxable Ordinary Dividend amounts (Line 1a).
About Armada Hoffler Properties, Inc.
Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. In addition to developing and building properties for its own account, the Company also provides development and general contracting construction services to third-party clients. Founded in 1979 by Daniel A. Hoffler, the Company has elected to be taxed as a REIT for U.S. federal income tax purposes. For more information visit ArmadaHoffler.com.
Contact:
Chelsea Forrest
Armada Hoffler
Vice President of Investor Relations and Corporate Communications
Email:
[email protected]
Phone: (757) 366-4000