REITs are priced at large discounts to their net asset values. This is leading to more and more M&A transactions. Some REITs are selling assets. Others are getting bought out entirely.
REITs have significantly underperformed in recent years. But a big market reversal is underway. REITs are now massively outperforming, and I expect this to continue.
ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the βCompanyβ) has been named one of USA Today's Top Workplaces for 2025. The Top Workplaces program has a 15-year history of surveying more than 20 million employees and recognizing the top organizations across 60 markets. Over 42,000 organizations were invited to participate in this year's Top Workplaces survey, and winners were chosen based on associate feedback gathered through an employee engagement survey, issued by.
We are not passive buy-and-hold investors. We will regularly sell positions to reinvest in better opportunities. I highlight one such opportunity in the REIT sector today.
AvalonBay (AVB) reported earnings 30 days ago. What's next for the stock?
AVB reports improvement in economic occupancy and like-term effective rent change for its same-store residential portfolio, doubles its portfolio size in Texas.
ARLINGTON, Va.--(BUSINESS WIRE)--AvalonBay Communities, Inc. (the βCompanyβ) (NYSE: AVB) announced today that its 2025 Annual Meeting of Stockholders will be held on Wednesday, May 21, 2025, at 10:00 A.M. Eastern Time. Stockholders of record of the Company's Common Stock as of the close of business on March 21, 2025 are entitled to vote at and virtually attend the Annual Meeting. The meeting will be held in a virtual meeting format via audio webcast only. Stockholders will not be able to attend.
AvalonBay Communities offers "sleep well at night" qualities through a strong balance sheet and strategic focus on suburban markets with limited new supply. AVB's operational efficiencies and robust development pipeline, supported by pre-funded equity, position it for sustained growth and attractive deal terms. The stock's forward P/FFO of 19.3 is below its historical average, making it reasonably attractive despite not being a deep bargain.
AvalonBay Communities, Inc. (NYSE:AVB ) Q4 2024 Earnings Conference Call February 6, 2025 1:00 PM ET Company Participants Jason Reilley β Vice President-Investor Relations Ben Schall β President and Chief Executive Officer Kevin O'Shea β Chief Financial Officer Sean Breslin β Chief Operating Officer Matt Birenbaum β Chief Investment Officer Conference Call Participants Eric Wolfe β Citibank Jamie Feldman β Wells Fargo Austin Wurschmidt β KeyBanc Capital Markets Jeff Spector β Bank of America Nick Yulico β Scotiabank John Pawlowski β Green Street Advisors Adam Kramer β Morgan Stanley Rich Hightower β Barclays Alexander Goldfarb β Piper Sandler Rich Anderson β Wedbush Securities Michael Goldsmith β UBS Alex Kim β Zelman and Associates Operator Good afternoon, ladies and gentlemen, and welcome to AvalonBay Communities Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Higher expenses hurt AVB's Q4 results. However, a rise in same-store residential revenues and NOI offers some support.
Although the revenue and EPS for AvalonBay (AVB) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
AvalonBay Communities (AVB) came out with quarterly funds from operations (FFO) of $2.80 per share, missing the Zacks Consensus Estimate of $2.83 per share. This compares to FFO of $2.74 per share a year ago.