AvalonBay (AVB) Q1 FFO & Revenues Beat Estimates, View Raised [Yahoo! Finance]
AvalonBay Communities, Inc. (AVB)
Last avalonbay communities, inc. earnings: 2/5 04:15 pm
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Source: Yahoo! Finance
Moreover, the figure climbed 5.1% from the prior-year quarter's tally. The quarterly results reflect better-than-expected performance in the stabilized portfolio. This residential REIT also raised its 2024 core FFO per share, same-store residential revenue and net operating income (NOI) growth outlook following the Q1 FFO beat. Total revenues in the quarter came in at $712.9 million, which outpaced the Zacks Consensus Estimate of $706.6 million. The figure increased 5.7% on a year-over-year basis. Quarter in Detail In the reported quarter, same-store total revenues increased 4.3% year over year to $677.2 million. Same-store residential revenues climbed 4.2% year over year to $669.2 million. Same-store residential operating expenses rose 5.2% to $205.5 million. As a result, the same-store residential NOI climbed 3.7% to $463.7 million from the prior-year period. Same-store average revenue per occupied home rose to $2,967 in the first quarter, up from $2,842 in the first quart
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News
- AvalonBay: Encouraging Rent Trends Make Shares Attractive [Seeking Alpha]Seeking Alpha
- AvalonBay Communities, Inc. (NYSE:AVB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- AvalonBay Communities, Inc. (NYSE: AVB) had its price target raised by analysts at Argus from $188.00 to $212.00. They now have a "buy" rating on the stock.MarketBeat
- AvalonBay Communities, Inc. (NYSE: AVB) had its price target raised by analysts at Barclays PLC from $204.00 to $218.00. They now have an "overweight" rating on the stock.MarketBeat
- AvalonBay Communities, Inc. (NYSE: AVB) had its price target raised by analysts at Royal Bank of Canada from $191.00 to $196.00. They now have a "sector perform" rating on the stock.MarketBeat
AVB
Earnings
- 4/25/24 - Beat
AVB
Sec Filings
- 5/3/24 - Form DEFA14A
- 5/3/24 - Form 10-Q
- 5/3/24 - Form 4
- AVB's page on the SEC website