July 21, 2020

ARMADA HOFFLER PROPERTIES PROVIDES MONTHLY RENT COLLECTION UPDATE JULY RENT COLLECTIONS OUTPACE PRIOR THREE MONTHS

VIRGINIA BEACH, VA, July 21, 2020 — Armada Hoffler Properties, Inc. (NYSE: AHH) today provided an update on rent collections for July. As of July 17, the Company had collected 91% of July’s monthly portfolio rents, exceeding the prior month’s collection rate of 87% as of June 19.

“Our rent collections continue to trend upward through the first half of July and we anticipate finishing the month with over 95% of our portfolio rents collected,” said Louis Haddad, President and Chief Executive Officer. “Substantially all of our office tenants remain current, and we expect to collect nearly all July multifamily rents consistent with the previous three months. Furthermore, our retail rent collection rates continue to improve now that essentially all of our tenants are open and operating. The strength and resiliency of our retail portfolio are demonstrated by July rent collections of over 80% and deferment agreements now largely in place. We look forward to our August 4th earnings call and intend to provide additional clarity on the remainder of the year at that time.”

Monthly rent collections by tenant type and in the aggregate across the Company’s portfolio are presented in the below table: