AvalonBay Communities: The Sunbelt Region Has A New Player In Town

edb3_16AvalonBay Communities (NYSE:AVB) is shifting toward more suburban and sunbelt areas. Overall, AVB’s performance for the quarter looks positive. AvalonBay Communities Projected growth in FFO per share was 1.4%. That may be revised up slightly based on more recent commentary. Revenue growth is coming in slightly higher than projected due to better occupancy and smaller losses on uncollectible lease revenue (deadbeats). Better occupancy encouraged AVB to seek higher leasing spreads. AVB indicated th ...