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
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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
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AVB
News
- 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
- AvalonBay Communities, Inc. (NYSE: AVB) had its price target raised by analysts at Piper Sandler from $207.00 to $230.00. They now have an "overweight" rating on the stock.MarketBeat
- AvalonBay (AVB) Q1 FFO & Revenues Beat Estimates, View Raised [Yahoo! Finance]Yahoo! Finance
- AvalonBay Communities, Inc. Announces First Quarter 2024 Operating Results and Second Quarter and Full Year 2024 Financial Outlook [Yahoo! Finance]Yahoo! Finance
AVB
Earnings
- 4/25/24 - Beat
AVB
Sec Filings
- 4/26/24 - Form 8-K
- 4/12/24 - Form DEFA14A
- 3/28/24 - Form ARS
- AVB's page on the SEC website