Profile
Sector:
Real EstateIndustry:
ResidentialCountry:
United StatesIPO:
11 March 1994Website:
http://www.avalonbay.comNext earnings report:
31 January 2025Last dividends:
30 September 2024Next dividends:
31 December 2024Price
pre-market | 36 min agoAnalysts recommendations
Institutional Ownership
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AVB Latest News
This Stock Deserves a Closer Look by Savvy Investors
AVB's results for the third quarter show an increase in revenue from the same residential properties and a growth in the average monthly income for each occupied home.
While AvalonBay's (AVB) revenue and earnings per share (EPS) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
AvalonBay Communities (AVB) reported quarterly funds from operations (FFO) of $2.74 per share, which is higher than the Zacks Consensus Estimate of $2.71 per share. This is an increase compared to last year's FFO of $2.66 per share.
AvalonBay's results for the third quarter are expected to reflect the advantages of its varied portfolio and technology efforts.
REIT investors need to keep a close eye on real estate trends. The office market is currently in a difficult situation and may stay that way for a while. Although the multifamily sector is facing some challenges right now, things could improve significantly by 2025.
AVALONBAY COMMUNITIES, INC. (NYSE: AVB) will announce its earnings for the third quarter of 2024 on November 4, 2024, after the market closes. A conference call to discuss these results will take place on November 5, 2024, at 11:00 AM Eastern Time. For those who want to listen in, the domestic call number is (877) 407-9716 and the international number is (201) 493-6779, with a webcast available at https://investors.avalonbay.com.
AvalonBay has valuable high-quality properties that benefit from positive demographic trends. However, they are facing challenges due to a large supply and a slowdown in rent increases.
AvalonBay's stock fell sharply during the period of increasing interest rates but rose sharply when expectations for rate cuts started in November. The company is performing well, with high occupancy rates and growing net operating income, benefiting from trends such as delayed family formation and lower rent compared to mortgage costs. Although the stock price is only 11% below its highest point ever, the dividend yield is much lower than usual, suggesting it should be held for now.
AvalonBay Communities, Inc. (NYSE: AVB) has announced that its Board of Directors has declared a cash dividend of $1.70 per share on its Common Stock for the third quarter of 2024. This dividend will be paid on October 15, 2024, to all shareholders who are on record as of September 30, 2024. AvalonBay Communities, Inc. is part of the S&P 500 and operates as an equity REIT.
What type of business is AvalonBay Communities?
AvalonBay Communities, Inc. is a real estate investment fund. The company focuses on investing in multi-family homes and residential neighborhoods. AvalonBay was founded in 1978, and its headquarters is located in Arlington County, Virginia. AvalonBay Communities develops, redevelops, owns, and manages multi-family neighborhoods in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, Northern and Southern California, as well as in expansion markets including Denver, Colorado and Southeast Florida.
What sector is AvalonBay Communities in?
AvalonBay Communities is in the Real Estate sector
What industry is AvalonBay Communities in?
AvalonBay Communities is in the Residential industry
What country is AvalonBay Communities from?
AvalonBay Communities is headquartered in United States
When did AvalonBay Communities go public?
AvalonBay Communities initial public offering (IPO) was on 11 March 1994
What is AvalonBay Communities website?
https://www.avalonbay.com
Is AvalonBay Communities in the S&P 500?
Yes, AvalonBay Communities is included in the S&P 500 index
Is AvalonBay Communities in the NASDAQ 100?
No, AvalonBay Communities is not included in the NASDAQ 100 index
Is AvalonBay Communities in the Dow Jones?
No, AvalonBay Communities is not included in the Dow Jones index
When was AvalonBay Communities the previous earnings report?
No data
When does AvalonBay Communities earnings report?
The next expected earnings date for AvalonBay Communities is 31 January 2025