Avalonbay Cmntys Inc Stock Price, News & Analysis

AvalonBay Communities (AVB) reported strong financial results for Q4 and full-year 2024. Q4 EPS increased 16.5% to $1.98, while Core FFO per share grew 2.2% to $2.80. For full-year 2024, EPS rose 15.9% to $7.60, and Core FFO per share increased 3.6% to $11.01.

Same Store Residential revenue grew 3.2% in Q4 and 3.4% for the full year. The company completed development of four communities in Q4 with 1,451 apartment homes for $636M, and started construction on two new communities. For the full year, AVB completed nine developments with 2,981 units and started nine new projects.

The Board declared a Q1 2025 dividend of $1.75 per share, representing a 2.9% increase. Looking ahead, AVB projects 2025 Same Store Residential revenue growth of 2.0-4.0% and NOI growth of 1.3-3.5%. The company maintains strong liquidity with no borrowings under its $2.25B credit facility and a Net Debt-to-Core EBITDAre of 4.2x.

AvalonBay Communities (NYSE: AVB) has released the final income allocations for its 2024 dividend distributions on Common Stock. The company declared quarterly dividends of $1.70 per share, totaling $6.80 for the year. The dividend breakdown consists of: 89% ordinary taxable dividend ($6.05664), 1% qualified dividend ($0.03584), 4% long-term capital gain ($0.29208), and 6% unrecaptured Section 1250 gain ($0.41544).

The dividends will be paid on April 15, July 15, October 15, 2024, and January 15, 2025. Of each quarterly dividend, $1.51416 is treated as qualified REIT dividends under IRC Section 199A. Additionally, portions of the capital gains are subject to specific tax treatments under IRC Sections 897 and 1061.

AvalonBay Communities (NYSE: AVB) has scheduled its fourth quarter 2024 earnings release for February 5, 2025, after market close. The company will host a conference call on February 6, 2025, at 1:00 PM ET to discuss the results.

The conference call will feature management's prepared remarks and a Q&A session covering topics such as the company's operating environment, trends, development activities, and business outlook. Supplemental Earnings Release Attachments will be available exclusively on the company's investor website and through email distribution.

A teleconference presentation will be posted on the company's investor website before market open on February 6, 2025. The conference call replay will be available from February 6, 2025, at 6:00 PM ET through March 6, 2025.

AvalonBay Communities (NYSE: AVB) has announced its fourth quarter 2024 dividend declaration. The company's Board of Directors has approved a cash dividend of $1.70 per share on Common Stock, which will be paid on January 15, 2025, to stockholders of record as of December 31, 2024.

AvalonBay Communities (NYSE: AVB) has been named the Regional Sector Leader for Americas Residential in the 2024 GRESB Development Benchmark, achieving a score of 96 out of 100. The company's success stems from aligning design and construction standards with LEED certification requirements. Sixty-nine AvalonBay communities have achieved environmental certifications, with 61 more pursuing certification. The company reported significant environmental progress, including a 46.3% reduction in scope 1 and 2 emissions and a 19.6% reduction in scope 3 emissions since 2017. AvalonBay focuses on energy efficiency, electrification, and renewable energy in its development projects.

AvalonBay Communities reported strong Q3 2024 results with significant growth across key metrics. EPS increased 115.7% to $2.61, while FFO per share rose 16.1% to $2.88, and Core FFO per share grew 3.0% to $2.74 compared to Q3 2023. Same Store Residential revenue increased 3.1% to $671.5M, with operating expenses up 5.4% to $214.8M. The company completed development of two communities and started construction on four new projects. Notable transactions included selling two communities for $332M and acquiring three properties for $212.5M. Based on strong performance, AvalonBay raised its full-year 2024 outlook.

AvalonBay Communities (NYSE: AVB) has announced the release date for its third quarter 2024 earnings. The company will publish its results on November 4, 2024 after the market close, followed by a conference call on November 5, 2024 at 11:00 AM Eastern Time. The call will feature prepared remarks by management and a Q&A session covering various aspects of the company's operations and financial matters.

Investors can access the live conference call domestically at (877) 407-9716 or internationally at (201) 493-6779. A webcast will also be available on the company's investor relations website. For those unable to attend, a replay will be accessible until December 5, 2024. Supplemental Earnings Release Attachments and a teleconference presentation will be available on AvalonBay's website prior to the call.

AvalonBay Communities, Inc. (NYSE: AVB) has announced its third quarter 2024 dividend declaration. The company's Board of Directors has approved a cash dividend of $1.70 per share on its Common Stock. This dividend will be payable on October 15, 2024, to all Common Stockholders of Record as of September 30, 2024. The announcement reflects AvalonBay's commitment to returning value to its shareholders through regular dividend distributions.

AvalonBay Communities, Inc. (NYSE: AVB) has announced its participation in Bank of America's Global Real Estate Conference on September 10, 2024. CEO and President Benjamin W. Schall, along with other management team members, will engage in a roundtable discussion at 10:20 A.M. Eastern Time. The discussion may cover various aspects of the company's operations, including:

• Current operating environment and trends
• Development, redevelopment, disposition, and acquisition activities
• Portfolio strategy
• Other business and financial matters

The event will be webcast live and accessible through the company's investor relations website. A replay will be available after the live event.