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AvalonBay Communities (AVB)
:AVB
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.22Last Year’s EPS
1.78Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: -1.65%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook for AvalonBay Communities, with strong financial performance, strategic development projects, and diversified portfolio strength. However, there are challenges in specific markets such as Los Angeles and economic uncertainties that may impact future performance. The company remains well-positioned to manage these challenges with its strong balance sheet and operational efficiencies.Company Guidance
During AvalonBay Communities' first quarter 2025 earnings call, the company provided several key metrics and strategic insights. They highlighted a robust development pipeline with $3 billion in projects, aiming to deliver 100 to 150 basis points of spread between development yields and their cost of capital. The company has raised $890 million of equity at $226 per share, intending to fund accretive development. In the first quarter, AvalonBay achieved a 4.8% growth in core FFO, exceeding prior guidance by $0.03, driven by higher occupancy and favorable operating expenses. For the full year, AvalonBay reaffirmed their outlook, expecting sequential growth in the second half. The company also noted their diversified portfolio, with 47% on the East Coast, 41% on the West Coast, and 12% in expansion regions, and they are focused on increasing suburban allocations. The development pipeline's delivery cadence will provide meaningful earnings growth, with 2,300 homes expected for occupancy in 2025 and an increase to 2,800 homes in 2026.Strong Core FFO Growth
Achieved a 4.8% growth in core FFO in Q1 compared to last year, exceeding prior guidance by $0.03 due to higher occupancy and favorable operating expenses.
Diversified Portfolio Strength
47% of the portfolio is in established East Coast regions, 41% on the West Coast, and 12% in expansion regions. Achieved a 73% allocation to suburban submarkets.
Successful Development Projects
19 projects under construction with $3 billion in capital costs, match-funded with locked-in construction costs, running slightly under budget due to aggressive subcontractor bidding.
Equity Forward Transaction
Raised $890 million of equity on a forward basis at an average price of $226 per share, to be deployed into accretive development projects.
Improved Rental Affordability
Rental affordability improved in established regions due to solid income growth, with rent-to-income ratios below pre-COVID levels.
Operational Efficiency
Resident turnover at historical lows, supporting higher occupancy. Near-term inventory to lease is trending about 30 basis points below last year.
Positive Regional Performance
Seattle and Northern California performing well, with Northern California occupancy over 96% and asking rents up 5% year-to-date.
AVB Earnings History
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 |
|---|---|---|---|
Apr 30, 2025 | $209.98 | $209.00 | -0.47% |
Feb 05, 2025 | $222.44 | $219.96 | -1.11% |
Nov 04, 2024 | $215.03 | $222.79 | +3.61% |
Jul 31, 2024 | $200.15 | $208.07 | +3.96% |
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 Communities (AVB) report earnings?
AvalonBay Communities (AVB) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is AvalonBay Communities (AVB) earnings time?
AvalonBay Communities (AVB) earnings time is at Jul 23, 2025, TBA Not 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 (Q2) is 1.22.