AvalonBay Communities Inc Achieves Record Low Turnover and Sets Strategic Growth Initiatives Amid Challenging Job Market

AvalonBay Communities Inc reported a record low turnover rate of 41% in 2025, near all-time high mid-lease net promoter score of 34, and successfully started $1.65 billion of projects with a projected initial stabilized yield of 6.2%. The company raised $2.4 billion of capital at an initial cost of 5% and increased the quarterly dividend to $1.78 per share. However, AVB forecasts modest revenue growth of 1.4% for 2026 due to a challenging job and demand backdrop, and expects same-store operating expense growth of 3.8%.