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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and Brookfield Property Partners L.P. (BPYPP). Click either name above to swap in a different company.

Brookfield Property Partners L.P. is the larger business by last-quarter revenue ($1.8B vs $75.6M, roughly 23.8× Armada Hoffler Properties, Inc.). Armada Hoffler Properties, Inc. runs the higher net margin — 3.1% vs -2.6%, a 5.7% gap on every dollar of revenue. On growth, Armada Hoffler Properties, Inc. posted the faster year-over-year revenue change (0.8% vs -25.6%).

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.

Brookfield Property Partners L.P. is a limited partnership that owns office buildings and shopping centers/shopping malls, as well as minority limited partner interests in investment funds sponsored by affiliates that invest in other types of commercial property. It is headquartered in Hamilton, Bermuda.

AHH vs BPYPP — Head-to-Head

Bigger by revenue
BPYPP
BPYPP
23.8× larger
BPYPP
$1.8B
$75.6M
AHH
Growing faster (revenue YoY)
AHH
AHH
+26.4% gap
AHH
0.8%
-25.6%
BPYPP
Higher net margin
AHH
AHH
5.7% more per $
AHH
3.1%
-2.6%
BPYPP

Income Statement — Q4 2025 vs Q2 2025

Metric
AHH
AHH
BPYPP
BPYPP
Revenue
$75.6M
$1.8B
Net Profit
$2.4M
$-46.0M
Gross Margin
Operating Margin
31.0%
Net Margin
3.1%
-2.6%
Revenue YoY
0.8%
-25.6%
Net Profit YoY
-89.8%
94.2%
EPS (diluted)
$0.00

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.

Revenue
AHH
AHH
BPYPP
BPYPP
Q4 25
$75.6M
Q3 25
$23.2M
Q2 25
$32.0M
$1.8B
Q1 25
$46.6M
Q4 24
$75.0M
Q3 24
$114.4M
Q2 24
$116.8M
$2.4B
Q1 24
$127.0M
Net Profit
AHH
AHH
BPYPP
BPYPP
Q4 25
$2.4M
Q3 25
$80.0K
Q2 25
$5.9M
$-46.0M
Q1 25
$-2.8M
Q4 24
$23.4M
Q3 24
$-5.0M
Q2 24
$3.2M
$-789.0M
Q1 24
$14.1M
Gross Margin
AHH
AHH
BPYPP
BPYPP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
45.0%
Q2 24
41.8%
Q1 24
37.9%
Operating Margin
AHH
AHH
BPYPP
BPYPP
Q4 25
31.0%
Q3 25
91.5%
Q2 25
63.9%
Q1 25
33.8%
Q4 24
50.1%
Q3 24
19.0%
Q2 24
11.9%
Q1 24
15.1%
Net Margin
AHH
AHH
BPYPP
BPYPP
Q4 25
3.1%
Q3 25
0.3%
Q2 25
18.6%
-2.6%
Q1 25
-6.0%
Q4 24
31.2%
Q3 24
-4.4%
Q2 24
2.7%
-32.6%
Q1 24
11.1%
EPS (diluted)
AHH
AHH
BPYPP
BPYPP
Q4 25
$0.00
Q3 25
$-0.04
Q2 25
$0.04
Q1 25
$-0.07
Q4 24
$0.28
Q3 24
$-0.11
Q2 24
$0.00
Q1 24
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AHH
AHH
BPYPP
BPYPP
Cash + ST InvestmentsLiquidity on hand
$49.1M
$1.7B
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$627.8M
$40.2B
Total Assets
$2.6B
$98.9B
Debt / EquityLower = less leverage
2.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AHH
AHH
BPYPP
BPYPP
Q4 25
$49.1M
Q3 25
$46.5M
Q2 25
$52.1M
$1.7B
Q1 25
$45.7M
Q4 24
$31.9M
Q3 24
$43.9M
Q2 24
$20.3M
$2.4B
Q1 24
$41.9M
Total Debt
AHH
AHH
BPYPP
BPYPP
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.4B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
AHH
AHH
BPYPP
BPYPP
Q4 25
$627.8M
Q3 25
$638.8M
Q2 25
$652.0M
$40.2B
Q1 25
$657.4M
Q4 24
$670.6M
Q3 24
$663.9M
Q2 24
$562.7M
$48.5B
Q1 24
$571.4M
Total Assets
AHH
AHH
BPYPP
BPYPP
Q4 25
$2.6B
Q3 25
$2.6B
Q2 25
$2.6B
$98.9B
Q1 25
$2.5B
Q4 24
$2.5B
Q3 24
$2.6B
Q2 24
$2.6B
$132.6B
Q1 24
$2.6B
Debt / Equity
AHH
AHH
BPYPP
BPYPP
Q4 25
2.43×
Q3 25
2.33×
Q2 25
2.22×
Q1 25
2.01×
Q4 24
1.93×
Q3 24
2.00×
Q2 24
2.52×
Q1 24
2.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AHH
AHH

Office Real Estate Segment$28.8M38%
Retail Real Estate Segment$25.4M34%
Multifamily Residential Real Estate$17.7M23%
Real Estate Financing Segment$3.6M5%

BPYPP
BPYPP

Segment breakdown not available.

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