AvalonBay Communities (AVB) recently announced a second-quarter 2024 operating update. The update highlights witnessing a stable physical occupancy and like-term effective rent change accelerating in May from the previous month. It also sees lease-up activities outperforming its expectations. Though turnover for same-store residential increased in May, it is still below historical levels.AvalonBay noted that in May, physical occupancy for its same-store residential portfolio was 95.5%, remaining unchanged f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 1-12672 AVALONBAY COMMUNITIES, INC. (Exact name of registrant as specified in its charter) Maryland 77-0404318 (State or other ju ...

edichenphoto Shares of AvalonBay Communities (NYSE:AVB) have been an underperformer over the past year, rising 4% as higher rates have weighed on real estate valuations and the rental market has slowed. Back in October, I rated shares a “buy,” given my view it could deliver long-term double-digit returns. In the past six months, it has returned 8%, consistent with this expectation, though the market has rallied an even stronger 16%. Given solid Q1 results, I continue to view shares favorably. Seeking ...

Avalonbay Communities, Inc. (NYSE:AVB) Q1 2024 Earnings Conference Call April 26, 2024 11:00 AM ET Company Participants Jason Reilley - VP, IR Benjamin Schall - President, CEO & Director Sean Breslin - COO Matthew Birenbaum - CIO Kevin O'Shea - EVP & CFO Conference Call Participants Nicholas Joseph - Citigroup James Feldman - Wells Fargo Securities Austin Wurschmidt - KeyBanc Capital Markets Bradley Heffern - RBC Capital Markets John Kim - BMO Capital Markets Linda Tsai - Jefferies Michael Lewis - Truist Se ...

AvalonBay Communities (AVB) reported a first-quarter 2024 core FFO per share of $2.70, which beat the Zacks Consensus Estimate of $2.64. Moreover, the figure climbed 5.1% from the prior-year quarter’s tally.The quarterly results reflect better-than-expected performance in the stabilized portfolio. This residential REIT also raised its 2024 core FFO per share, same-store residential revenue and net operating income (NOI) growth outlook following the Q1 FFO beat.Total revenues in the quarter came in at $712.9 ...

PRESS RELEASE For Immediate News Release April 25, 2024 AVALONBAY COMMUNITIES, INC. ANNOUNCES FIRST QUARTER 2024 OPERATING RESULTS AND SECOND QUARTER AND FULL YEAR 2024 FINANCIAL 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 months ended March 31, 2024 and 2023 as detailed below ...

For the quarter ended March 2024, AvalonBay Communities (AVB) reported revenue of $712.86 million, up 5.7% over the same period last year. EPS came in at $2.70, compared to $1.05 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $706.61 million, representing a surprise of +0.88%. The company delivered an EPS surprise of +2.27%, with the consensus EPS estimate being $2.64.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

AvalonBay Communities (AVB) came out with quarterly funds from operations (FFO) of $2.70 per share, beating the Zacks Consensus Estimate of $2.64 per share. This compares to FFO of $2.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 2.27%. A quarter ago, it was expected that this apartment building owner would post FFO of $2.73 per share when it actually produced FFO of $2.74, delivering a surprise of 0.37%.Over the last four qua ...

Investors are always looking for stocks that are poised to beat at earnings season and AvalonBay Communities Inc (AVB) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because AvalonBay Communities is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — ...

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