The earnings call highlighted AvalonBay Communities' strong portfolio and balance sheet, as well as promising development performance. However, these positives were offset by reduced earnings guidance, softer-than-expected apartment demand, and increased operating expenses, particularly in specific markets facing unique challenges.
Company Guidance
During the AvalonBay Communities Third Quarter 2025 Earnings Conference Call, the company provided updated guidance, highlighting several key metrics and future expectations. The company adjusted its full-year core funds from operations (FFO) per share outlook to $11.25, reflecting a decrease of $0.14 and indicating an anticipated year-over-year earnings growth of 2.2%. AvalonBay expects same-store residential revenue growth of 2.5%, operating expense growth of 3.8%, and net operating income (NOI) growth of 2% for the full year. The company also discussed a $3 billion project pipeline under construction, expected to enhance earnings and shareholder value in 2026 and 2027. Additionally, AvalonBay reported $150 million in stock repurchases during Q3 at an average price of $193 per share, leveraging its strong balance sheet with over $3 billion in available liquidity. The company anticipates being 60% towards achieving its target of generating $80 million in annual incremental NOI from operational initiatives by the end of 2025.
Strong Portfolio Positioning
AvalonBay Communities' portfolio is well-positioned in suburban coastal markets with low levels of new supply, providing a competitive advantage in an uncertain demand environment.
Development Projects Ahead of Schedule
The company has $3 billion in projects under construction expected to generate earnings uplift in 2026 and 2027, with reduced construction costs benefiting long-term shareholder value.
Robust Balance Sheet
AvalonBay maintains low leverage and over $3 billion of liquidity, providing flexibility for future investments and stock buybacks.
Development Performance
Current lease-ups are performing better than initial expectations, with $950 million in development activity running 10 basis points above projections, aided by $10 million in cost savings.
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
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
Oct 29, 2025
$176.29
$174.71
-0.90%
Jul 30, 2025
$194.54
$184.60
-5.11%
Apr 30, 2025
$206.30
$205.34
-0.47%
Feb 05, 2025
$218.54
$216.11
-1.11%
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 Feb 04, 2026, After Close (Confirmed).
What is AvalonBay (AVB) earnings time?
AvalonBay (AVB) earnings time is at Feb 04, 2026, 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.