Brief Note: What's Up With Armada Hoffler?

Diversified REIT Armada Hoffler (AHH) has guided to a slight drop in Net Operating Income (NOI) and a bigger one in their Normalized Funds From Operations (NFFO). The market loved it in the early hours and at the open, but now is back where it ended yesterday. What gives?

My last deep look at AHH was 11 months ago. I owned it then but have since exited …