What is the revenue and EPS growth rate for Avalonbay year over year?

What is Avalonbay's gross profit margin?

Did Avalonbay beat or miss consensus estimates last quarter?

What guidance did Avalonbay's management provide for the next earnings period?

What is the market's earnings forecast for Avalonbay next quarter?

What were the key takeaways from Avalonbay's earnings call?

What does Avalonbay do and what are its main business segments?

What is Avalonbay's latest dividend and current dividend yield?

- **Portfolio Resilience**: Suburban coastal markets with 80 basis points of 2026 supply growth. 
- **Development Outperformance**: $3B projects with $10M cost savings and $50/month rent upside. 
- **Balance Sheet Strength**: $3B liquidity enabling $150M buybacks and flexible development. 
- **Guidance Adjustment**: Full-year core FFO $11.25 (-$0.14) due to 3.8% expense growth. 
- **Market Risks**: Mid-Atlantic shutdown, L.A. film sector decline, Denver lease-up softness. 
- **AI & Jobs**: Focus on high-value coastal jobs; 2026 urban/suburban supply split 80/20.

**【CEO Summary Section】**
- Portfolio strength in suburban coastal markets with low new supply (80 basis points of stock in 2026). 
- $3 billion in construction projects underperforming with $10 million cost savings and $50/month higher rents. 
- Strong balance sheet ($3 billion liquidity) supporting $150M share buybacks and development flexibility. 
- AI and operating efficiency initiatives targeting $80M NOI by year-end. 
- Q3 core FFO underperformance ($0.05) due to softer demand and higher expenses. 

**【CFO Financial Commentary】**
- Full-year core FFO guidance lowered to $11.25 per share (2.2% YoY growth). 
- Same-store revenue growth 2.5%, operating expenses up 3.8% (repairs, utilities, benefits). 
- Q4 outlook reflects $0.06 NOI decline from same-store portfolio. 

**【Q&A Highlights】**
- Capital allocation: $1B+ development starts in 2026 vs. $150M buybacks. 
- Mid-Atlantic weakness due to government shutdown; L.A. film industry decline. 
- Development projects 95% match-funded at 5% cost of capital, yielding 6.2%. 
- Bad debt improving (15+ bps benefit in 2026). 
- Urban vs. suburban supply: 2026 deliveries 80% urban, but suburban economics more favorable. 
- AI job market impact: focus on high-value coastal jobs. 
- Denver lease-up challenges ( Governor's Park supply glut).

AvalonBay Communities, Inc. (AVB) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

AVB

AVB fundamentals

You can ask Aime