Armada Hoffler Properties added to MSCI U.S. REIT Index
Armada Hoffler Properties Inc. has been added to the MSCI U.S. REIT Index (RMZ) effective at the close of the market on Wednesday.
Before the inclusion of Armada Properties, the index included 149 companies with a combined market capitalization of nearly $800 billion.
“Our inclusion in the RMZ is further validation of our unique business model, which has driven robust growth and total shareholder return since our IPO,” Louis S. Haddad, the company’s CEO said in a statement. “We believe this recognition will expose AHH to a larger institutional investor base and will continue to solidify the company’s identity and brand recognition in the REIT industry.”
Armada Hoffler Properties, based in Virginia Beach, is a real estate company involved in developing, building, owning and managing office, retail and multifamily properties in markets throughout the mid-Atlantic and Southeast.