Armada Hoffler Unveils Bold New Strategic Direction to Drive Long-Term Shareholder Value and Launches as AH Realty Trust

Executing a fundamental business restructuring to eliminate complexity, strengthen the balance sheet, and relentlessly focus on operating a streamlined real estate platform:

• Exiting the multifamily property sector to unlock embedded value, reduce leverage and sharpen focus on retail and office properties
• Divesting construction and real estate financing businesses
• Aligning long-term performance with shareholder value creation through redesigned executive compensation structures
• Launching AH Realty Trust, effective March 2, 2026, a new corporate identity that reflects the fundamental restructuring of the business
• Launching under new NYSE tickers, AHRT and AHRT-PrA, effective March 2, 2026
  

VIRGINIA BEACH, Va., Feb. 16, 2026 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) today announced that it is launching the Company under a new name, AH Realty Trust, reflecting a company-wide transformation that fundamentally repositions the business and establishes a bold new strategic direction. Following a rigorous, year-long examination of every part of the organization, the Company has rebuilt its strategy, operating model, and capital allocation priorities to create a leaner, more disciplined, and durable platform explicitly designed to strengthen the balance sheet and establish a foundation for future growth to drive long-term shareholder value.

The Company has entered into a letter of intent with a global real estate investment management firm for the potential sale of 11 of the 14 multifamily assets in its portfolio, following a strategic and targeted process that generated strong interest from multiple qualified parties. In addition, the Company is under letters of intent relating to the potential sale of its construction business and a majority of its real estate financing platform investments. While the Company continues to take a disciplined and prudent approach, meaningful progress has been made to date, supporting the Company’s expectation that these transactions will be completed during 2026. The Company intends to provide updates as definitive agreements are executed and transactions are completed.