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0 8.10635538262796E-05 0.00213467358408998 0.00259403372243849 0.00380998702983146 0.00572849113705146 0.00572849113705146 0.00572849113705146
Stock impact report

AvalonBay Communities: The Sunbelt Region Has A New Player In Town [Seeking Alpha]

AvalonBay Communities, Inc. (AVB) 
Last avalonbay communities, inc. earnings: 2/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.avalonbay.com
Company Research Source: Seeking Alpha
AVB indicated they plan to push out renewal offers at an average 5% increase for March and April 2024. The REIT Forum members get exclusive access to our real-world portfolio. See all our investments here » AvalonBay 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 they plan to push out renewal offers at an average 5% increase for March and April 2024. Keep in mind that there's quite a bit of turnover and new leases come in at lower spreads. So actual rental rates would increase materially less than 5%. Expect it to be low single digits afte Show less Read more
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