Here's What to Expect From AvalonBay Communities’ Next Earnings Report

Company Overview - AvalonBay Communities, Inc. (AVB) has a market cap of $26.4 billion and is a leading U.S. real estate investment trust (REIT) focused on high-quality apartment communities in major metropolitan areas such as New York, California, Washington, D.C., and the Pacific Northwest [1] - The company operates over 315 communities with approximately 97,000 apartment homes and is expanding into high-growth markets like Texas, Florida, and North Carolina [1] Earnings Expectations - AVB is set to report its Q3 earnings on October 29, with analysts expecting an Adjusted Funds From Operations (AFFO) of $2.81 per share, reflecting a 2.6% year-over-year increase from $2.74 per share in the same quarter last year [2] - For the current fiscal year, analysts project an AFFO of $11.38, up 3.4% from $11.01 in fiscal 2024, with expectations for a 5% annual increase to $11.95 in FY 2026 [3] Stock Performance - AVB's stock has declined by 17.7% over the past 52 weeks, underperforming the Real Estate Select Sector SPDR Fund's (XLRE) 5.4% increase and the S&P 500 Index's (SPX) 14.7% rise during the same period [4] - Following the Q2 results announcement on July 30, AVB shares closed down more than 3%, despite reporting an FFO per share of $2.82, which exceeded Wall Street expectations of $2.80 [5] Analyst Ratings - Wall Street analysts maintain a "Moderate Buy" rating for AVB, with 25 analysts covering the stock: seven recommend "Strong Buy," two suggest a "Moderate Buy," and 16 recommend a "Hold" [6] - The average analyst price target for AVB is $216.60, indicating a potential upside of 17.7% from current levels [6]