Avalonbay Cmntys Inc Stock Price, News & Analysis

AvalonBay Communities, Inc. (NYSE: AVB) has declared a third-quarter cash dividend of $1.59 per share for its Common Stock. This dividend will be payable on October 17, 2022, to all shareholders on record as of September 30, 2022. As of June 30, 2022, the company owned or held interests in 299 apartment communities with a total of 89,037 apartment homes across 12 states and Washington, D.C., including 17 communities under development.

AvalonBay Communities, Inc. reported Q2 2022 results, revealing a Net Income of $138,691,000, resulting in a 69.2% decrease in Earnings per Share (EPS) to $0.99 compared to $3.21 in Q2 2021. However, Funds from Operations (FFO) per share increased 22.3% to $2.41, while Core FFO per share rose 22.7% to $2.43. Same Store Residential NOI saw a 17.0% increase to $391,626,000. The company has several development projects underway, with a total expected capital cost of $2.069 billion. Projected full-year EPS is between $7.53 and $7.73.

AvalonBay Communities, Inc. (NYSE: AVB) will announce its second quarter 2022 earnings on July 27, 2022, after market close. A conference call is scheduled for July 28, 2022, at 1:00 PM ET to discuss the earnings results. The call will feature prepared remarks and a Q&A session addressing the company's operating environment, trends, and outlook. Supplemental Earnings Release Attachments will be available on AvalonBay's website.

AvalonBay Communities, Inc. (NYSE: AVB) reported a 13.0% increase in Same Store Residential rental revenue for the two months ended May 31, 2022, outperforming expectations by 190 basis points. This growth was driven by favorable resident payments, higher delinquent rent collections from COVID assistance, and improved occupancy and lease rates. Economic occupancy rates were 96.3% in Q1 and 96.5% in May. The average asking rent rose 9% since January 2022. Uncollected rent represented 14% loss-to-lease in May 2022.

AvalonBay Communities, Inc. (NYSE: AVB) declared a cash dividend of $1.59 per share for Q2 2022. This dividend is payable on July 15, 2022, to shareholders of record as of June 30, 2022. As of March 31, 2022, AvalonBay managed 296 apartment communities with 87,918 homes across 12 states and the District of Columbia, including 18 communities under development. The company focuses on key markets, including New England, the New York/New Jersey Metro area, and expanding into areas like Raleigh-Durham and Charlotte.

AvalonBay Communities (NYSE: AVB) reported a strong financial performance for Q1 2022, with a net income of $262 million, leading to an 83.3% increase in diluted EPS to $1.87. FFO per share rose 15.5% to $2.24, and Core FFO increased 15.9% to $2.26. Same Store Residential NOI grew by 10.3%, boosted by an 8.7% rise in revenue. The company completed two developments and started construction on another, projecting ongoing positive trends.

AvalonBay Communities, Inc. (NYSE: AVB) will announce its first quarter 2022 earnings on April 27, 2022, after market close. A conference call is scheduled for April 28, 2022, at 1:00 PM ET for discussing the results. The earnings release will include supplemental attachments available on the company’s website. As of December 31, 2021, AvalonBay owned or held interest in 297 apartment communities with approximately 87,992 apartment homes across 12 states and D.C., with 19 under development.

AVALONBAY COMMUNITIES, INC. (NYSE: AVB) has priced a public offering of 2,000,000 shares of common stock, aiming for gross proceeds of approximately $497.2 million. The offering is linked to forward sale agreements with Morgan Stanley and J.P. Morgan, which will facilitate the sale of these shares. Although the company will not receive immediate proceeds, it plans to utilize the net proceeds for land acquisitions, apartment community developments, and general corporate purposes. The expected closing date for the offering is April 11, 2022.