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AvalonBay (AVB)
NYSE:AVB
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.32Last Year’s EPS
1.22Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -2.39%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook for AvalonBay Communities, with significant progress in revenue growth, capital allocation, and strategic portfolio optimization. However, challenges remain in the form of expense growth and regulatory risks in certain markets.Company Guidance
During AvalonBay Communities' Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for 2025, highlighting several key metrics and strategic focus areas. The company expects core FFO per share growth of 3.5%, driven by a 3% increase in same-store residential revenue, 4.1% operating expense growth, and 2.4% NOI growth. AvalonBay plans to start $1.6 billion in new developments and projected $30 million in residential NOI from development communities in 2025. Their capital plan includes $2.1 billion in capital uses, with $960 million anticipated from unsecured debt issuance and $890 million from forward equity contracts. AvalonBay is also focusing on optimizing its portfolio by increasing exposure to suburban coastal and select Sunbelt markets. The company aims to generate $9 million in additional revenue and operating efficiencies, moving toward a $80 million annual incremental NOI goal in the coming years.Revenue and Core FFO Growth
AvalonBay Communities delivered a revenue growth of 3.4% and core FFO growth of 3.6% for Q4 2024.
Increased Development Starts and Capital Sourcing
Development starts increased by $200 million to $1.1 billion. The company sourced $2 billion of new capital at an attractive 5.1% initial cost.
Operating Model Transformation Success
The operating model transformation generated $39 million of NOI, exceeding the plan by $2 million, with expectations to generate an additional $9 million in 2025.
Strategic Portfolio Optimization
The suburban portfolio increased to 73% from 70%, with a goal of reaching 80%. Expansion market presence increased to 10% from 8%, aiming for 25%.
Strong Balance Sheet for Future Growth
The balance sheet is robust, allowing AvalonBay to leverage strategic capabilities for further growth in 2025 and beyond.
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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
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AVB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $224.28 | $221.78 | -1.11% |
| Nov 04, 2024 | $216.81 | $224.63 | +3.61% |
| Jul 31, 2024 | $201.80 | $209.79 | +3.96% |
| Apr 25, 2024 | $186.85 | $186.98 | +0.07% |
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.
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FAQ
When does AvalonBay (AVB) report earnings?
AvalonBay (AVB) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is AvalonBay (AVB) earnings time?
AvalonBay (AVB) earnings time is at Apr 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 (Q1) is 1.32.
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