AvalonBay Communities Aktie News

U.S. equity markets climbed to fresh record highs, while benchmark interest rates dipped to one-month lows after a critical slate of inflation and retail sales data showed an unexpected cooldown. Reflecting the mounting quantity of downside economic surprises, the Citi Economic Surprise Index dipped to the lowest level since early 2023, indicating a rather abrupt reversal in economic momentum. ...

ARLINGTON, Va.--(BUSINESS WIRE)--AvalonBay Communities, Inc. (NYSE: AVB) (the “Company”) announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $0.01 per share) for the second quarter of 2024. The Common Stock dividend is $1.70 per share and is payable July 15, 2024, to all Common Stockholders of Record as of June 28, 2024. About AvalonBay ...

ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) announced today that it priced an underwritten public offering of $400 million of 5.350% senior unsecured notes due 2034 (the “Notes”). The offering is expected to close on May 14, 2024, subject to the satisfaction of customary closing conditions. Details of the offering are set forth in the table below: Pr...

AvalonBay Communities' shares have underperformed due to higher rates and a slowdown in the rental market. The company's Q1 results exceeded expectations, as rental trends improved in the Northeast and Seattle, with even the Bay Area stabilizing. AVB is well-positioned for mid-single digit growth this year, with momentum in key markets and a strong pipeline of new projects that are renting at h...

U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macr...

Avalonbay Communities, Inc. (NYSE:AVB ) Q1 2024 Earnings Conference Call April 26, 2024 11:00 AM ET Company Participants Jason Reilley - VP, IR Benjamin Schall - President, CEO & Director Sean Breslin - COO Matthew Birenbaum - CIO Kevin O'Shea - EVP & CFO Conference Call Participants Nicholas Joseph - Citigroup James Feldman - Wells Fargo Securities Austin Wurschmidt - KeyBanc Capital Markets B...

ARLINGTON, Va.ARLINGTON, Va.--(BUSINESS WIRE)--AvalonBay Communities, Inc. (NYSE: AVB) (the “Company”) reported Earnings per Share – diluted (“EPS”), Funds from Operations attributable to common stockholders - diluted (“FFO”) per share and Core FFO per share (as defined in this release) for the three months ended March 31, 2024 and 2023 as detailed below.     Q1 2024   Q1 2023   % Change EPS $ ...

It's been an unexpectedly difficult year for the real estate investment trust ( REIT ) sector. REITs have historically outperformed the stock market over long stretches of the past 50 years.