AvalonBay Communities lifts 2024 FFO guidance after Q1 results beat

seekingalpha04-26

AvalonBay Communities (NYSE:AVB) raised its 2024 guidance for funds from operations after delivering Q1 FFO that topped Wall Street expectations. The apartment REIT now expects 2024 core FFO per share...

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The apartment REIT now expects 2024 core FFO per share...</p>\n\n<a href=\"https://seekingalpha.com/news/4094581-avalonbay-communities-lifts-2024-ffo-guidance-after-q1-results-beat\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AvalonBay Communities lifts 2024 FFO guidance after Q1 results beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAvalonBay Communities lifts 2024 FFO guidance after Q1 results beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 04:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4094581-avalonbay-communities-lifts-2024-ffo-guidance-after-q1-results-beat><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AvalonBay Communities (NYSE:AVB) raised its 2024 guidance for funds from operations after delivering Q1 FFO that topped Wall Street expectations. The apartment REIT now expects 2024 core FFO per share...</p>\n\n<a href=\"https://seekingalpha.com/news/4094581-avalonbay-communities-lifts-2024-ffo-guidance-after-q1-results-beat\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1989772923.USD","symbol_name":"CPR Invest - Climate Action A2 Acc USD-H","start_time":0,"source_url":"https://seekingalpha.com/news/4094581-avalonbay-communities-lifts-2024-ffo-guidance-after-q1-results-beat","article_id":"2430525404","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1317298616/image_1317298616.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430525404","pubTimestamp":1714077990,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"AvalonBay Communities  raised its 2024 guidance for funds from operations after delivering Q1 FFO that topped Wall Street expectations. The apartment REIT now expects 2024 core FFO per share of $10.71-$11.11, in line with the $10.87 consensus. For Q2 2024, core FFO per share is expected to be $2.63-$2.73 . That compares with $10.53-$11.03 in the previous view. Q1 2024 core FFO per share of $2.70, surpassing the $2.65 average analyst estimate, retreated from $2.74 in the prior quarter and rose from $2.57 a year ago. Same-store residential net operating income increased 3.7% Y/Y to $463.7M, compared with Q4's 3.8% Y/Y rise. Same-store total revenue climbed 4.3% from a year earlier to $677.2M . Same-store residential operating expenses gained 5.2% Y/Y to $205.5M . Conference call on April 26 at 11:00 a.m. ET. Earlier, AvalonBay Communities  FFO of $2.70 beats by $0.05.  More on AvalonBay Communities  AvalonBay Communities: The Sunbelt Region Has A New Player In Town AvalonBay: Hard To See","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0106831901.USD":"贝莱德世界金融基金A2","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","BK4588":"碎股","LU0971096721.USD":"富达环球金融服务 A","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4581":"高盛持仓","BK4504":"桥水持仓","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4127":"投资银行业与经纪业","AVB":"阿湾物产","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","BK4215":"住宅房地产投资信托"},"translate_title":"Q1结果击败后，阿瓦隆贝社区解除2024年FFO指导","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AVB":1},"content_text":"AvalonBay Communities (NYSE:AVB) raised its 2024 guidance for funds from operations after delivering Q1 FFO that topped Wall Street expectations. The apartment REIT now expects 2024 core FFO per share of $10.71-$11.11, in line with the $10.87 consensus. For Q2 2024, core FFO per share is expected to be $2.63-$2.73 (vs. $2.71 consensus). That compares with $10.53-$11.03 in the previous view. Q1 2024 core FFO per share of $2.70, surpassing the $2.65 average analyst estimate, retreated from $2.74 in the prior quarter and rose from $2.57 a year ago. Same-store residential net operating income increased 3.7% Y/Y to $463.7M, compared with Q4's 3.8% Y/Y rise. Same-store total revenue climbed 4.3% from a year earlier to $677.2M (vs. +4.5% Y/Y in Q4). Same-store residential operating expenses gained 5.2% Y/Y to $205.5M (vs. +6.2% Y/Y in Q4). Conference call on April 26 at 11:00 a.m. ET. Earlier, AvalonBay Communities (AVB) FFO of $2.70 beats by $0.05.  More on AvalonBay Communities  AvalonBay Communities: The Sunbelt Region Has A New Player In Town AvalonBay: Hard To See Alpha At This Valuation AvalonBay Communities, Inc. (AVB) Q4 2023 Earnings Call Transcript U.S. asking rents post biggest increase in over a year: Redfin AvalonBay upgraded, UDR downgraded at Morgan Stanley","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430525404"}