Business Context and Reporting Period
This Form 8-K is filed by Armada Hoffler Properties, Inc. (not AH Realty Trust, Inc.) on October 19, 2016. The filing addresses Item 8.01 (Other Events) and Item 9.01 (Financial Statements and Exhibits) to provide required financial data for recent property acquisitions.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it lists the following financial statements as exhibits:
- Retail Portfolio (11 properties): Audited combined statement of revenues and operating expenses for the year ended December 31, 2015.
- Southgate Square: Statements of revenues and operating expenses for the year ended December 31, 2015 (audited) and the three months ended March 31, 2016 (unaudited).
- Southshore Shops: Statements of revenues and operating expenses for the year ended December 31, 2015 (audited) and the six months ended June 30, 2016 (unaudited).
- Pro Forma Information: Unaudited consolidated balance sheet as of June 30, 2016, and statements of operations for the six months ended June 30, 2016, and the year ended December 31, 2015.
Material Changes
The filing reports the following material acquisition events:
- Retail Portfolio: Acquired on January 14, 2016. This filing updates a previous 8-K/A to include the full year 2015 financials.
- Southgate Square: Acquired on April 29, 2016.
- Southshore Shops: Acquired on August 4, 2016.
These acquisitions are individually insignificant but significant in the aggregate, triggering the requirement for financial statements under Rule 3-14 of Regulation S-X.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, specific risk factors, or contingencies. The document is strictly a procedural filing to satisfy SEC reporting requirements for the financial statements of the acquired assets and updated pro forma information.
Investor Verification Checklist
- Review Exhibit 99.1 for the audited 2015 performance of the 11-property Retail Portfolio.
- Review Exhibit 99.2 and 99.3 for the operating performance of Southgate Square and Southshore Shops.
- Analyze Exhibit 99.4 for the pro forma impact of these acquisitions on the company's consolidated balance sheet and operations as of June 30, 2016.
- Verify the accuracy of the acquisition dates (Jan 14, Apr 29, Aug 4, 2016) against the company's broader capital allocation strategy.