Avalonbay Cmntys Inc Stock Price, News & Analysis

AvalonBay Communities, Inc. (NYSE: AVB) has been recognized as the top-performing multifamily company in the GRESB 2022 Real Estate Assessment, receiving a 5-Star Rating for the second time. This accolade underscores AvalonBay's commitment to Environmental, Social, and Governance (ESG) initiatives, highlighting their goal to reduce greenhouse gas emissions by 53% by 2030. The GRESB assessment is a global standard for ESG performance in real estate, providing insights for investors and asset managers.

AvalonBay Communities, Inc. (NYSE: AVB) has appointed Charles “Chaz” E. Mueller, Jr. to its Board of Directors effective November 1, 2022. Mueller brings extensive experience in residential rental real estate, having served in leadership roles at Progress Residential and Archstone. His appointment follows the retirement of Alan B. Buckelew, who will not seek re-election at the May 2023 Annual Meeting. AvalonBay, as of June 30, 2022, owns or has interests in 299 apartment communities with a total of 89,037 homes across several states, focusing on sound financial management and market expansion.

AvalonBay Communities, Inc. (NYSE: AVB) will disclose its third quarter 2022 earnings on November 3, 2022, post-market. A conference call is scheduled for November 4, 2022, at 11:00 AM ET to discuss these results. The company currently owns or holds interests in 299 apartment communities with 89,037 homes in 12 states and the District of Columbia, including 17 under development. Investors can access supplemental materials on their website.

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.