VIRGINIA BEACH, Va.--(BUSINESS WIRE)--Armada Hoffler Properties, Inc. (NYSE: AHH) announced today the Company will be added to the S&P SmallCap 600 index effective prior to the open of trading on Monday, June 19.
The S&P SmallCap 600 measures the small-cap segment of the U.S. equity market. It consists of 600 domestic stocks selected by Standard & Poor’s Index Committee based on specific eligibility criteria such as market capitalization, liquidity, and financial viability.
“Our addition to the S&P 600 is a testament to our Company’s robust growth, consistent profitability, and rapidly increasing market capitalization,” said Louis S. Haddad, Chief Executive Officer. “We believe this inclusion will expose Armada Hoffler to a larger institutional investor base and will continue to solidify the Company’s identity and brand recognition.”
About the S&P SmallCap 600
Introduced in 1994, S&P SmallCap 600 is fast becoming the preferred small cap index in the U.S. The S&P SmallCap 600 is designed to be an efficient portfolio of companies that meet specific inclusion criteria to ensure that they are investable and financially viable. As a result, the S&P SmallCap 600 is gaining wide acceptance as the benchmark of choice for both active and passive management. S&P SmallCap 600 is a core component of the U.S. indices that could be used as building blocks for portfolio construction.
About Armada Hoffler Properties, Inc.
Armada Hoffler Properties, Inc. is a full service real estate company with extensive experience developing, building, owning and managing high-quality, institutional-grade office, retail and multifamily properties in attractive markets throughout the Mid-Atlantic and Southeastern United States. The Company has elected to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes.