The call presented a mix of achievements and challenges. While the company exceeded initial guidance and effectively managed costs, challenges in specific regions and delayed development projects were notable. The company's strategic actions and strong balance sheet provide confidence for future growth, although near-term challenges in certain markets remain.

Company Guidance -

Q3 2025

During AvalonBay Communities' Second Quarter 2025 Earnings Conference Call, the company provided an updated guidance reflecting a positive outlook for the year. The operating expense growth forecast was improved by 100 basis points to 3.1%, contributing to a projected same-store NOI growth of 2.7% for 2025. Core FFO per share guidance was maintained at $11.39, with an anticipated year-over-year growth of 3.5%. The company's $3 billion development pipeline is expected to yield over 6%, with development starts for the year increased to $1.7 billion. Despite some delays in occupancy, AvalonBay anticipates a strong performance, aided by a balance sheet strengthened by $1.3 billion in capital raised at an initial cost of 5.0%. Market occupancy remains robust, particularly in established regions, supporting a healthy demand outlook despite a slight moderation in job growth expectations.

Exceeded Initial Guidance

The second quarter and first half of the year results exceeded initial guidance, driven by higher occupancy and rental revenue growth.

Cost Management Success

Operating expenses were tightly managed, resulting in a forecasted OpEx growth of 3.1%, which is 100 basis points better than the original guidance.

Development Projects and Growth

Development projects worth $3 billion are expected to continue generating differentiated external growth, with $610 million of new development projects started in the first half of the year.

Strategic Portfolio Allocation

On track to acquire $900 million of assets this year, mostly funded by capital from dispositions, positioning the portfolio for stronger cash flow growth.

Strong Balance Sheet

Raised $1.3 billion of capital year-to-date at an initial cost of 5.0%, with a focus on attractive yields of over 6% on new development projects.

AvalonBay (AVB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AVB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	1.37 / -	2.61	―	―	―
Jul 30, 2025	2025 (Q2)	1.20 / 1.88	1.78	5.62% (+0.10)
Apr 30, 2025	2025 (Q1)	1.33 / 1.66	1.22	36.07% (+0.44)
Feb 05, 2025	2024 (Q4)	1.30 / 1.98	1.7	16.47% (+0.28)
Nov 04, 2024	2024 (Q3)	1.34 / 2.61	1.21	115.70% (+1.40)
Jul 31, 2024	2024 (Q2)	1.27 / 1.78	2.59	-31.27% (-0.81)
Apr 25, 2024	2024 (Q1)	1.22 / 1.22	1.05	16.19% (+0.17)
Jan 31, 2024	2023 (Q4)	1.30 / 1.70	1.72	-1.16% (-0.02)
Oct 25, 2023	2023 (Q3)	1.26 / 1.21	3.53	-65.72% (-2.32)
Jul 31, 2023	2023 (Q2)	1.14 / 2.59	0.99	161.62% (+1.60)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AVB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$196.31	$186.28	-5.11%
Apr 30, 2025	$208.18	$207.21	-0.47%
Feb 05, 2025	$220.54	$218.08	-1.12%
Nov 04, 2024	$213.19	$220.88	+3.61%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does AvalonBay (AVB) report earnings?

AvalonBay (AVB) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is AvalonBay (AVB) earnings time?

AvalonBay (AVB) earnings time is at Oct 22, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is AVB EPS forecast?

AVB EPS forecast for the fiscal quarter 2025 (Q3) is 1.37.

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