AvalonBay: With Margin Of Safety Gone, We Downgrade To Hold
AvalonBay shares have performed well, delivering almost 17% total returns in half a year, outpacing the S&P 500 index. The company faces higher operating costs, a more demanding valuation due to increased share prices, and potential risks from rent control measures and a weakening economy. Despite strong development capabilities and solid results, the valuation margin of safety has essentially disappeared, while risks have increased.
The 'X' Factor For Public REITs
The next cycle for public REITs could be more similar to those of the 1990s and early 2000s than one of the past 14 years. In prior cycles, public REITs enjoyed a cost of capital that allowed for significant external growth, boosting cash flow and dividends per share. Many companies spent the past cycle shoring up their balance sheets to record low leverage and maintaining a low dividend payout to enhance flexibility.
Looking for a Growth Stock? 3 Reasons Why AvalonBay (AVB) is a Solid Choice
AvalonBay (AVB) is well positioned to outperform the market, as it exhibits above-average growth in financials.
AvalonBay Communities, Inc. (AVB) Q2 2024 Earnings Call Transcript
AvalonBay Communities, Inc. (NYSE:AVB ) Q2 2024 Earnings Conference Call August 1, 2024 1:00 PM ET Company Participants Jason Reilley - VP, IR Benjamin Schall - President, CEO & Director Kevin O'Shea - SVP, Finance, Treasurer Sean Breslin - COO Matthew Birenbaum - Chief Investment Officer Conference Call Participants Eric Wolfe - Citi Austin Wurschmidt - KeyBanc Capital Markets John Kim - BMO Capital Markets Jamie Feldman - Wells Fargo Adam Kramer - Morgan Stanley John Pawlowski - Green Street Josh Dennerlein - Bank of America Merrill Lynch Michael Goldsmith - UBS Alexander Goldfarb - Piper Sandler Omotayo Okusanya - Deutsche Bank Richard Anderson - Wedbush Operator Good morning, ladies and gentlemen, and welcome to AvalonBay Communities Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Your host for today's conference is Mr.
Defensive Sectors Breakout: 3 Stocks to Buy Now for Protection
Over the past month we have observed some very interesting activity across the market's more defensive sectors, considerable outperformance. Below we can see just how significantly the Utilities ( XLU ), Healthcare ( XLV ), Energy ( XLE ) and Real Estate ( XLRE ) sector ETF have outperformed the S&P 500 (in orange).
AvalonBay (AVB) Q2 FFO & Revenues Beat Estimates, View Raised
AvalonBay's (AVB) Q2 earnings reflect a year-over-year increase in same-store total revenues. It has also raised its 2024 core FFO per share outlook.
AvalonBay (AVB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for AvalonBay (AVB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
AvalonBay Communities (AVB) Q2 FFO and Revenues Beat Estimates
AvalonBay Communities (AVB) came out with quarterly funds from operations (FFO) of $2.77 per share, beating the Zacks Consensus Estimate of $2.71 per share. This compares to FFO of $2.66 per share a year ago.
Seeking Clues to AvalonBay (AVB) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for AvalonBay (AVB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
What to Expect From AvalonBay (AVB) This Earnings Season?
While AvalonBay's (AVB) Q2 results are likely to show the benefits of its diversified portfolio and technological initiatives, high supply and elevated interest rates are likely to have acted as a spoilsport.
Why REITs Are Far Better Investments Than Treasuries
Treasuries offer higher yields than REITs. But REITs are still much better investments. I explain why and highlight some of our top picks.
3 Residential REITs to Bet On Amid Bright Industry Prospects
Despite the elevated supply of new units, high homeownership costs and tech-enabled features are likely to draw healthy rental demand, poising the Zacks Equity REIT - Residential industry players like AVB, EQR and INVH well for growth.
