AvalonBay Trims '25 Outlook as Rent Trends Cool & Operating Costs Rise

Key Takeaways AvalonBay lowered 2025 core FFO and NOI growth guidance amid softer revenue and higher expenses.Revenue moderation stemmed from slowing job growth, soft occupancy and weaker new move-in rent trends.AvalonBay highlights record-low 2026 supply and a $3.6B development pipeline as longer-term support.AvalonBay Communities (AVB) recently provided an operating update highlighting key capital markets activity through Dec. 5, 2025. However, the company lowered its core funds from operations (FFO) per ...