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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and reAlpha Tech Corp. (AIRE). Click either name above to swap in a different company.
Armada Hoffler Properties, Inc. is the larger business by last-quarter revenue ($75.6M vs $895.3K, roughly 84.4× reAlpha Tech Corp.). Armada Hoffler Properties, Inc. runs the higher net margin — 3.1% vs -541.6%, a 544.8% gap on every dollar of revenue. On growth, reAlpha Tech Corp. posted the faster year-over-year revenue change (70.1% vs 0.8%). Over the past eight quarters, reAlpha Tech Corp.'s revenue compounded faster (562.1% CAGR vs -22.8%).
Armada Hoffler Properties, Inc. is a publicly traded U.S. real estate investment trust operating across the Mid-Atlantic and Southeast regions. It develops, owns, and manages a diversified portfolio of office, retail, and multifamily residential properties, and also offers construction and development services for third-party clients.
reAlpha Tech Corp is a proptech firm that leverages artificial intelligence to identify, acquire, and operate high-yield short-term residential rental properties primarily across the United States. It provides tech-powered property management solutions to enhance guest experiences and maximize returns for individual and institutional real estate investors.
AHH vs AIRE — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $75.6M | $895.3K |
| Net Profit | $2.4M | $-4.8M |
| Gross Margin | — | 62.7% |
| Operating Margin | 31.0% | -507.8% |
| Net Margin | 3.1% | -541.6% |
| Revenue YoY | 0.8% | 70.1% |
| Net Profit YoY | -89.8% | 76.9% |
| EPS (diluted) | $0.00 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.6M | $895.3K | ||
| Q3 25 | $23.2M | $1.4M | ||
| Q2 25 | $32.0M | $1.3M | ||
| Q1 25 | $46.6M | $925.6K | ||
| Q4 24 | $75.0M | $526.4K | ||
| Q3 24 | $114.4M | $339.2K | ||
| Q2 24 | $116.8M | $62.4K | ||
| Q1 24 | $127.0M | $20.4K |
| Q4 25 | $2.4M | $-4.8M | ||
| Q3 25 | $80.0K | $-5.8M | ||
| Q2 25 | $5.9M | $-4.1M | ||
| Q1 25 | $-2.8M | $-2.8M | ||
| Q4 24 | $23.4M | $-21.0M | ||
| Q3 24 | $-5.0M | $-2.1M | ||
| Q2 24 | $3.2M | $-1.5M | ||
| Q1 24 | $14.1M | $-1.4M |
| Q4 25 | — | 62.7% | ||
| Q3 25 | — | 51.9% | ||
| Q2 25 | — | 49.6% | ||
| Q1 25 | — | 56.0% | ||
| Q4 24 | — | 71.1% | ||
| Q3 24 | 45.0% | 66.6% | ||
| Q2 24 | 41.8% | 70.7% | ||
| Q1 24 | 37.9% | 10.7% |
| Q4 25 | 31.0% | -507.8% | ||
| Q3 25 | 91.5% | -342.4% | ||
| Q2 25 | 63.9% | -326.5% | ||
| Q1 25 | 33.8% | -261.7% | ||
| Q4 24 | 50.1% | -524.6% | ||
| Q3 24 | 19.0% | -479.1% | ||
| Q2 24 | 11.9% | -1939.6% | ||
| Q1 24 | 15.1% | -6397.0% |
| Q4 25 | 3.1% | -541.6% | ||
| Q3 25 | 0.3% | -400.1% | ||
| Q2 25 | 18.6% | -328.3% | ||
| Q1 25 | -6.0% | -307.9% | ||
| Q4 24 | 31.2% | -3994.4% | ||
| Q3 24 | -4.4% | -618.6% | ||
| Q2 24 | 2.7% | -2370.9% | ||
| Q1 24 | 11.1% | -6946.9% |
| Q4 25 | $0.00 | $-0.02 | ||
| Q3 25 | $-0.04 | $-0.07 | ||
| Q2 25 | $0.04 | $-0.08 | ||
| Q1 25 | $-0.07 | $-0.06 | ||
| Q4 24 | $0.28 | $-0.47 | ||
| Q3 24 | $-0.11 | $-0.05 | ||
| Q2 24 | $0.00 | $-0.03 | ||
| Q1 24 | $0.17 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.1M | $7.8M |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $627.8M | $11.5M |
| Total Assets | $2.6B | $21.7M |
| Debt / EquityLower = less leverage | 2.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.1M | $7.8M | ||
| Q3 25 | $46.5M | — | ||
| Q2 25 | $52.1M | $587.3K | ||
| Q1 25 | $45.7M | $1.2M | ||
| Q4 24 | $31.9M | $3.1M | ||
| Q3 24 | $43.9M | $7.1M | ||
| Q2 24 | $20.3M | $3.7M | ||
| Q1 24 | $41.9M | $4.8M |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.4B | $152.9K | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $241.1K | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $627.8M | $11.5M | ||
| Q3 25 | $638.8M | $10.9M | ||
| Q2 25 | $652.0M | $-1.1M | ||
| Q1 25 | $657.4M | $-972.3K | ||
| Q4 24 | $670.6M | $1.6M | ||
| Q3 24 | $663.9M | $22.5M | ||
| Q2 24 | $562.7M | $22.2M | ||
| Q1 24 | $571.4M | $23.3M |
| Q4 25 | $2.6B | $21.7M | ||
| Q3 25 | $2.6B | $19.7M | ||
| Q2 25 | $2.6B | $15.5M | ||
| Q1 25 | $2.5B | $18.5M | ||
| Q4 24 | $2.5B | $12.0M | ||
| Q3 24 | $2.6B | $34.2M | ||
| Q2 24 | $2.6B | $24.6M | ||
| Q1 24 | $2.6B | $25.4M |
| Q4 25 | 2.43× | — | ||
| Q3 25 | 2.33× | — | ||
| Q2 25 | 2.22× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 1.93× | 0.15× | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 2.50× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-2.4M |
| Free Cash FlowOCF − Capex | — | $-2.4M |
| FCF MarginFCF / Revenue | — | -270.9% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-11.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-2.4M | ||
| Q3 25 | $26.3M | $-4.2M | ||
| Q2 25 | $11.1M | $-2.3M | ||
| Q1 25 | $107.0K | $-2.3M | ||
| Q4 24 | $20.8M | $-2.2M | ||
| Q3 24 | $27.3M | $-1.3M | ||
| Q2 24 | $17.4M | $-1.0M | ||
| Q1 24 | $46.5M | $-1.5M |
| Q4 25 | — | $-2.4M | ||
| Q3 25 | — | $-4.3M | ||
| Q2 25 | — | $-2.3M | ||
| Q1 25 | — | $-2.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-1.3M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -270.9% | ||
| Q3 25 | — | -294.1% | ||
| Q2 25 | — | -187.5% | ||
| Q1 25 | — | -246.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -372.2% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 328.63× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.48× | — | ||
| Q1 24 | 3.30× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHH
| Office Real Estate Segment | $28.8M | 38% |
| Retail Real Estate Segment | $25.4M | 34% |
| Multifamily Residential Real Estate | $17.7M | 23% |
| Real Estate Financing Segment | $3.6M | 5% |
AIRE
Segment breakdown not available.
