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Armada Hoffler Announces A. Russell Kirk Will Retire From The Company's Board Of Directors

1. A. Russell Kirk retires from Armada Hoffler's Board of Directors. 2. Kirk has been an influential leader since 1983, shaping long-term strategy. 3. CEO Shawn Tibbetts praises Kirk's dedication and industry knowledge. 4. Armada Hoffler is a self-managed REIT focused on Mid-Atlantic real estate.

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Why Neutral?

While Kirk's departure signals a leadership change, it lacks immediate negative implications. Historical examples show that board transitions can yield stable or rising stock performance if successors maintain strategy continuity.

How important is it?

The leadership transition could influence investor sentiment, but long-standing strategies may remain unchanged. The overall impact is moderate due to Kirk's established tenure.

Why Short Term?

Expect market reactions to be immediate but potentially stabilize as new leadership transitions. Similar cases reveal that initial volatility diminishes as confidence in new leadership increases.

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Kirk has been a key figure at Armada Hoffler for over 40 years June 18, 2025 06:00 ET  | Source: Armada Hoffler Properties, Inc. VIRGINIA BEACH, Va., June 18, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that A. Russell Kirk will retire from the Company’s Board of Directors. Kirk has been an integral part of Armada Hoffler since 1983, having served in various leadership roles over a 30-year executive career before joining the Board of Directors in connection with the Company’s initial public offering in 2013. As a board member and former Vice Chairman, Kirk has played a pivotal role in shaping Armada Hoffler’s long-term strategy and was instrumental in guiding the Company through its transition to the public markets. “It has been an honor to serve on Armada Hoffler’s Board of Directors during such a pivotal time in the Company’s history,” said Kirk. “Armada Hoffler has grown tremendously over the years, and I am confident its strong leadership and strategic vision will continue to drive long-term success.” Before joining Armada Hoffler, Kirk practiced law for 10 years as a partner at Kaufman & Canoles, specializing in real estate finance. His extensive background includes eight years of service on the Virginia Port Authority, where he served as Chairman for the final two years of his term. He has also served on the boards of publicly held companies including Resource Bank and Dominion Land. “We are deeply grateful to Russ for his decades of leadership and commitment to Armada Hoffler,” said Shawn Tibbetts, Chief Executive Officer and President of Armada Hoffler. “We thank him for his dedicated service and the lasting contributions he has made to the Company’s foundation and future. His trusted partnership and deep industry knowledge have been instrumental in guiding our strategic growth.” Kirk earned a bachelor’s degree from the University of Virginia and a law degree from Washington and Lee University, where he was elected to the Order of the Coif. About Armada Hoffler Armada Hoffler (NYSE: AHH) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. We also provide general construction and development services to third-party clients, in addition to developing and building properties to be placed in our stabilized portfolio. Founded in 1979 by Daniel A. Hoffler, Armada Hoffler has elected to be taxed as a REIT for U.S. federal income tax purposes. For more information visit ArmadaHoffler.com. Contact: Chelsea ForrestArmada HofflerVice President of Corporate Communications and Investor RelationsEmail: CForrest@ArmadaHoffler.comPhone: (757) 612-4248

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