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-0.000109781534745912 -0.000192117685805229 -0.00236030299703594 -0.0030189922055111 -0.00334833680974868 0.00389724448347792 0.00724558129322644 0.00724558129322644
Stock impact report

AvalonBay (AVB) Q1 2026 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

AvalonBay Communities, Inc. (AVB) 
Last avalonbay communities, inc. earnings: 2/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.avalonbay.com
President and Chief Executive Officer — Benjamin W. Schall Chief Financial Officer — Kevin P. O'Shea Chief Operating Officer — Sean J. Breslin Chief Investment Officer — Matthew H. Birenbaum Need a quote from a Motley Fool analyst? Email pr@fool.com Takeaways Same-store residential revenue growth -- 1.6% year over year, with occupancy improving 10 basis points to 96.1%. First quarter dispositions -- $340 million of asset sales completed, including the sale of 40-year-old high-rise assets. Share repurchases -- $200 million of stock repurchased during the quarter at an implied cap rate in the low 6% range. New development starts -- Nearly $190 million initiated, with two starts in suburban New Jersey; targeted to reach $800 million for the year with expected stabilized yields of 6.5%-7%. Development NOI ramp -- Projecting $47 million of development NOI in 2026, increasing to $120 million in 2027. Incremental NOI targets -- $55 million annual increment expected by Show less Read more
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