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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and Digital Realty (DLR). Click either name above to swap in a different company.
Digital Realty is the larger business by last-quarter revenue ($1.6B vs $75.6M, roughly 21.6× Armada Hoffler Properties, Inc.). Digital Realty runs the higher net margin — 6.0% vs 3.1%, a 2.9% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 0.8%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% 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.
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
AHH vs DLR — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $75.6M | $1.6B |
| Net Profit | $2.4M | $98.6M |
| Gross Margin | — | — |
| Operating Margin | 31.0% | 6.9% |
| Net Margin | 3.1% | 6.0% |
| Revenue YoY | 0.8% | 16.1% |
| Net Profit YoY | -89.8% | -10.3% |
| EPS (diluted) | $0.00 | $0.22 |
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.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $75.6M | $1.6B | ||
| Q3 25 | $23.2M | $1.6B | ||
| Q2 25 | $32.0M | $1.5B | ||
| Q1 25 | $46.6M | $1.4B | ||
| Q4 24 | $75.0M | $1.4B | ||
| Q3 24 | $114.4M | $1.4B | ||
| Q2 24 | $116.8M | $1.4B |
| Q1 26 | — | $98.6M | ||
| Q4 25 | $2.4M | $98.6M | ||
| Q3 25 | $80.0K | $67.8M | ||
| Q2 25 | $5.9M | $1.0B | ||
| Q1 25 | $-2.8M | $110.0M | ||
| Q4 24 | $23.4M | $189.6M | ||
| Q3 24 | $-5.0M | $51.2M | ||
| Q2 24 | $3.2M | $80.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 45.0% | — | ||
| Q2 24 | 41.8% | — |
| Q1 26 | — | 6.9% | ||
| Q4 25 | 31.0% | 6.9% | ||
| Q3 25 | 91.5% | 8.8% | ||
| Q2 25 | 63.9% | 14.2% | ||
| Q1 25 | 33.8% | 13.9% | ||
| Q4 24 | 50.1% | 10.1% | ||
| Q3 24 | 19.0% | 11.8% | ||
| Q2 24 | 11.9% | 0.7% |
| Q1 26 | — | 6.0% | ||
| Q4 25 | 3.1% | 6.0% | ||
| Q3 25 | 0.3% | 4.3% | ||
| Q2 25 | 18.6% | 69.1% | ||
| Q1 25 | -6.0% | 7.8% | ||
| Q4 24 | 31.2% | 13.2% | ||
| Q3 24 | -4.4% | 3.6% | ||
| Q2 24 | 2.7% | 5.9% |
| Q1 26 | — | $0.22 | ||
| Q4 25 | $0.00 | $0.22 | ||
| Q3 25 | $-0.04 | $0.15 | ||
| Q2 25 | $0.04 | $2.94 | ||
| Q1 25 | $-0.07 | $0.27 | ||
| Q4 24 | $0.28 | $0.50 | ||
| Q3 24 | $-0.11 | $0.09 | ||
| Q2 24 | $0.00 | $0.20 |
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 | $3.5B |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $627.8M | $22.9B |
| Total Assets | $2.6B | $49.4B |
| Debt / EquityLower = less leverage | 2.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $49.1M | $3.5B | ||
| Q3 25 | $46.5M | $3.3B | ||
| Q2 25 | $52.1M | $3.6B | ||
| Q1 25 | $45.7M | $2.3B | ||
| Q4 24 | $31.9M | $3.9B | ||
| Q3 24 | $43.9M | $2.2B | ||
| Q2 24 | $20.3M | $2.3B |
| Q1 26 | — | — | ||
| 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 26 | — | $22.9B | ||
| Q4 25 | $627.8M | $22.9B | ||
| Q3 25 | $638.8M | $23.0B | ||
| Q2 25 | $652.0M | $22.9B | ||
| Q1 25 | $657.4M | $21.3B | ||
| Q4 24 | $670.6M | $21.3B | ||
| Q3 24 | $663.9M | $21.2B | ||
| Q2 24 | $562.7M | $20.5B |
| Q1 26 | — | $49.4B | ||
| Q4 25 | $2.6B | $49.4B | ||
| Q3 25 | $2.6B | $48.7B | ||
| Q2 25 | $2.6B | $48.7B | ||
| Q1 25 | $2.5B | $45.1B | ||
| Q4 24 | $2.5B | $45.3B | ||
| Q3 24 | $2.6B | $45.3B | ||
| Q2 24 | $2.6B | $43.6B |
| Q1 26 | — | — | ||
| 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× | — |
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% |
DLR
Segment breakdown not available.
