Exhibit 99.2 PRESS RELEASE For Immediate News Release November 4, 2024 AVALONBAY COMMUNITIES, INC. ANNOUNCES THIRD QUARTER 2024 RESULTS AND RAISES FULL YEAR 2024 OUTLOOK (Arlington, VA) AvalonBay Communities, Inc. (NYSE: AVB) (the "Company") reported Earnings per Share – diluted ("EPS"), Funds from Operations attributable to common stockholders - diluted ("FFO") per share and Core FFO per share (as defined in this release) for the three and nine months ended September 30, 2024 and 2023 as detailed below. | ...

AvalonBay Communities (AVB) reported $734.31 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.3%. EPS of $2.74 for the same period compares to $1.21 a year ago.The reported revenue represents a surprise of +0.36% over the Zacks Consensus Estimate of $731.67 million. With the consensus EPS estimate being $2.71, the EPS surprise was +1.11%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectation ...

AvalonBay Communities (AVB) came out with quarterly funds from operations (FFO) of $2.74 per share, beating the Zacks Consensus Estimate of $2.71 per share. This compares to FFO of $2.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.11%. A quarter ago, it was expected that this apartment building owner would post FFO of $2.71 per share when it actually produced FFO of $2.77, delivering a surprise of 2.21%.Over the last four qua ...

AvalonBay Communities, Inc. (AVB) , a leading real estate investment trust (REIT) specializing in the development, acquisition and management of multifamily properties, is set to announce its third-quarter 2024 results after the closing bell on Nov. 4.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, this residential REIT delivered a surprise of 2.21% in terms of core funds from operations (FFO) per share. The quarterly results reflected a year-over-year ...

Wall Street analysts forecast that AvalonBay Communities (AVB) will report quarterly earnings of $2.71 per share in its upcoming release, pointing to a year-over-year increase of 1.9%. It is anticipated that revenues will amount to $731.67 million, exhibiting an increase of 4.9% compared to the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this pe ...

Astellas receives an exclusive option to license AVB-101, an investigational, AAV-based gene therapy in Phase 1/2 development AviadoBio receives $20 million equity investment, up to $30 million in upfront payments and is eligible to receive up to $2.18 billion in license fees and milestone payments plus royalties if Astellas exercises its optionLONDON and TOKYO, Oct. 8, 2024 /PRNewswire/ -- AviadoBio Ltd. ("AviadoBio") and Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, "Astellas") today ...

Shares of AvalonBay Communities (AVB) have rallied 25% over the past six months, outperforming the industry's upside of 18.1%.In September 2024, in its third-quarter operating update, AVB noted that it experienced an increase in economic occupancy but a deceleration in its like-term effective rent change in August vis-a-vis July and the previous quarter of 2024.This residential REIT is well-poised to gain from the healthy renter demand for its residential properties in the high barrier-to-entry regions of t ...

Hey there! My focus here is to provide you with insightful rating analysis on the world's leading financial firms to help you navigate and comprehend the latest investment opportunities while identifying potential pitfalls. My favorite picks are those that are tilted towards both the growth and quality factors. These are stocks that have a strong growth story combined with robust financial statements to support the growing narrative. My first investment was made seven years ago, and I have passed all CFA Pr ...

AvalonBay Communities (AVB) is well-poised to gain from the healthy renter demand for its residential properties in the high barrier-to-entry regions of the United States as favorable demographic trends and high home ownership costs are likely to keep driving demand. The company’s efforts to leverage technology and scale to drive margin expansion and operational efficiency seem encouraging. Strategic buyouts and development projects, backed by a healthy balance sheet position, augur well for long-term growt ...

Douglas Rissing REITs (VNQ) are surging right now at the prospects of near term cuts to interest rates. They are up nearly 10% over the past month alone, and over 30% since their lows in October 2023: Data by YCharts That may lead you to think that it is now too late to invest in REITs, but I disagree. Yes, it might be too late to invest in some of the well-known mega-caps that are very popular. Good examples include Prologis (PLD) and AvalonBay (AVB). However, there are still a lot of smaller and lesser kn ...