UDR Inc. (UDR) reported fourth-quarter 2023 funds from operations as adjusted (FFOA) per share of 63 cents, in line with the Zacks Consensus Estimate.Quarterly revenues from rental income were $410.9 million, which outpaced the Zacks Consensus Estimate of $409.4 million. Total revenues came in at $413.3 million.Results reflect year-over-year growth in revenues, driven by healthy operating trends and past accretive external growth investments. However, a rise in property operating and maintenance and interes ...

elxeneize Following a spectacular year of total returns and relative outperformance in 2021, multifamily REITs have underperformed the MSCI U.S. REIT Index (Bloomberg: RMZ). The underperformance for multifamily REITs has been a product of both the macro environment (rising interest rates) and record high apartment deliveries, especially in Sun Belt markets. While the fears are for the most part justified, the underperformance looks to be overdone, especially for those predominantly with Sun Belt exposur ...

AvalonBay Communities, Inc. (NYSE:AVB) Q4 2023 Earnings Conference Call February 1, 2024 1:00 PM ET Company Participants Jason Reilley - Vice President of Investor Relations Ben Schall - Chief Executive Officer and President Sean Breslin - Chief Operating Officer Matt Birenbaum - Chief Investment Officer Kevin O’Shea - Chief Financial Officer Conference Call Participants James Feldman - Wells Fargo Adam Kramer - Morgan Stanley Austin Wurschmidt - KeyBanc Capital Markets Eric Wolfe - Citi Steve Sakwa - Everc ...

AvalonBay Communities (AVB) reported a fourth-quarter 2023 core funds from operations (FFO) per share of $2.74, beating the Zacks Consensus Estimate of $2.73. Moreover, the figure climbed 5.8% from the prior-year quarter’s tally.The quarterly results reflect a year-over-year increase in same-store residential rental revenues. The same-store average rental revenue per occupied home reported a rise, though occupancy declined.Total revenues in the quarter came in at $704.7 million, outpacing the Zacks Consensu ...

Avalon Princeton Circle Princeton, NJ INVESTOR TELECONFERENCE AVA Esterra Park Redmond, WA PRESENTATION Fourth Quarter 2023 February 1, 2024 1 Avalon Chino Hills Chino Hills, CA See Appendix for information about forward-looking s ...

AvalonBay Communities (AVB) reported $704.71 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 5.2%. EPS of $2.74 for the same period compares to $1.72 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $701.67 million, representing a surprise of +0.43%. The company delivered an EPS surprise of +0.37%, with the consensus EPS estimate being $2.73.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...

AvalonBay Communities (AVB) came out with quarterly funds from operations (FFO) of $2.74 per share, beating the Zacks Consensus Estimate of $2.73 per share. This compares to FFO of $2.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 0.37%. A quarter ago, it was expected that this apartment building owner would post FFO of $2.64 per share when it actually produced FFO of $2.66, delivering a surprise of 0.76%.Over the last four qua ...

ARLINGTON, Va.--(BUSINESS WIRE)--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 and year ended December 31, 2023 and 2022 as detailed below.     Q4 2023   Q4 2022   % Change EPS $ 1.70   $ 1.72   (1.2 )% FFO per share (1) $ 2.63 ...

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 fourth-quarter and full-year 2023 results after the closing bell on Jan 31.In the last reported quarter, this residential REIT delivered a surprise of 0.76% in terms of core funds from operations (FFO) per share. The quarterly results reflected a year-over-year increase in same-store residential rental revenues, driven ...

ARLINGTON, Va.--(BUSINESS WIRE)--AvalonBay Communities, Inc. (the “Company”) (NYSE: AVB) announced today the naming of Alaine Walsh as Executive Vice President – Human Capital and Administration and the retirement and associated succession plans for two long-tenured finance officers. The Company announced that Alaine Walsh, currently the Company’s Senior Vice President – Operations and Investment Services, has been promoted to Executive Vice President – Human Capital and Administration. Ms. Walsh joined ...