AvalonBay Communities (AVB) reported a second-quarter 2024 core funds from operation (FFO) per share of $2.77, which beat the Zacks Consensus Estimate of $2.71. Moreover, the figure climbed 4.1% from the prior-year quarter’s tally.The quarterly results reflect a year-over-year increase in same-store total revenues. The same-store average rental revenue per occupied home reported a rise. This residential REIT also raised its 2024 core FFO per share, same-store residential revenue and net operating income (NO ...

Exhibit 99.2 PRESS RELEASE For Immediate News Release July 31, 2024 AVALONBAY COMMUNITIES, INC. ANNOUNCES SECOND 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 six months ended June 30, 2024 and 2023 as detailed below. | --- | -- ...

AvalonBay Communities (AVB) reported $726.04 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 5.1%. EPS of $2.77 for the same period compares to $2.59 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $718.49 million, representing a surprise of +1.05%. The company delivered an EPS surprise of +2.21%, with the consensus EPS estimate being $2.71.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...

Wall Street analysts expect AvalonBay Communities (AVB) to post quarterly earnings of $2.71 per share in its upcoming report, which indicates a year-over-year increase of 1.9%. Revenues are expected to be $718.49 million, up 4% from 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 period.Ahead of a company's earnings disclosure, it is crucial ...

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Shares of AvalonBay Communities (AVB) have gained 13.4% in the past three months compared with the industry's upside of 9.2%.The company is well-poised to benefit 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 rising home ownership costs are likely to keep driving demand for rental units. The company’s efforts to leverage technology and scale to drive margin expansion and operational efficiency seem ...

Alex Potemkin/iStock via Getty Images Introduction AvalonBay Communities (NYSE:AVB) is currently trading at about 18.6x 2024 FFO and slightly above their four-year average dividend yield. They are also trading at a premium to the sector as measured by the P/AFFO. In this article, we estimate AvalonBay’s value using the net asset value per share (NAVPS). The NAVPS of a REIT is not as readily available as the other valuation statistics. One reason for this is because there is a fair amount of subjectivity ...

Olivier Le Moal Large-cap stocks have crushed small-cap stocks over the past three years, with the S&P 500 (SPY) generating a 37% return compared to the Russell 2000's (IWM) -6% return over that period. Data by YCharts As a result, famous investor Peter Lynch commented that "we've been in an incredible bear market for two years" if you simply exclude the leading mega-cap stocks like Apple (AAPL), NVIDIA (NVDA), and Microsoft (MSFT). Like Peter Lynch, I believe this presents an incredible opportunity as it i ...