Explaining Bluerock Residential's Double-Digit Yield: High Debt, Potential For Dividend Cut [Seeking Alpha]
AvalonBay Communities, Inc. (AVB)
Last avalonbay communities, inc. earnings: 2/5 04:15 pm
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Source: Seeking Alpha
SummaryBRG is a lesser known residential REIT which has churned out impressive SS NOI growth.Shares yield over 10%, but is there more than meets the eye?BRG trades at a large discount to peers, but I explain why the discount makes sense.I explain why a dividend cut may be coming.I'm neutral on BRG due to leverage.Bluerock Residential (Deep Value At First GlanceBRG is a landlord of approximately 14,700 apartment units located in the top 40 markets across the nation:2019 PresentationBRG has targeted markets with strong demographics, as evidenced by the better than average employment and household income growth:(2019 Presentation)The most common way BRG grows cash flows is by raising rents. Aside from annual increases, BRG also has implemented a strategy of acquiring older apartment units with the aim of increasing rent through renovations. We can see below the example of Arium Glenridge (top left) which due to being older had significantly lower rents than neighboring units:Aside from t
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AVB
News
- AvalonBay Communities, Inc. (NYSE: AVB) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $207.00 price target on the stock.MarketBeat
- Should You Retain AvalonBay (AVB) Stock in Your Portfolio Now? [Yahoo! Finance]Yahoo! Finance
- AvalonBay (AVB) Projects Higher Q1 Rental Revenues, Stock Up [Yahoo! Finance]Yahoo! Finance
- AvalonBay Communities, Inc. Announces Participation in the 2024 Citi Global Property CEO Conference, Provides First Quarter 2024 Operating Update, and Publishes Updated Investor Presentation [Yahoo! Finance]Yahoo! Finance
- AvalonBay Communities, Inc. Announces Participation in the 2024 Citi Global Property CEO Conference, Provides First Quarter 2024 Operating Update, and Publishes Updated Investor PresentationBusiness Wire
AVB
Earnings
- 1/31/24 - Miss
AVB
Sec Filings
- 3/28/24 - Form ARS
- 3/28/24 - Form DEF
- 3/28/24 - Form DEFA14A
- AVB's page on the SEC website