Brief Note on Armada Hoffler Share Offering

The market response to the share offering by Armada Hoffler (AHH), announced last evening, has been followed by a drop of 8% in the pre-market so far this morning. Does this make sense? Let’s look.

We see this in the press release from late last night:

Armada Hoffler (NYSE: AHH) today announced that it has priced an underwritten public offering of 9,00…