AvalonBay Communities (AVB) reported third-quarter 2024 core funds from operation (FFO) per share of $2.74, which beat the Zacks Consensus Estimate of $2.71. Moreover, the figure climbed 3% from the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The quarterly results reflected a year-over-year increase in same-store residential revenues. Same-store average monthly revenue per occupied home also rose. This residential REIT revised its 2024 core FFO per share outlo ...

财务指标 - 2024年第三季度每股收益(EPS)为2.61美元，同比增长115.7%[2] - 2024年第三季度每股资金营运(FFO)为2.88美元，同比增长16.1%[2] - 2024年第三季度每股核心资金营运(Core FFO)为2.74美元，同比增长3.0%[2] - 2024年前三季度每股收益(EPS)为5.62美元，同比增长15.6%[5] - 2024年前三季度每股资金营运(FFO)为8.36美元，同比增长8.7%[5] - 2024年前三季度每股核心资金营运(Core FFO)为8.21美元，同比增长4.1%[5] - 每股摊薄收益为2.61美元，同比增长115.7%[38] - 每股摊薄核心自由现金流为2.74美元，同比增长3.0%[38] 运营数据 - 2024年第三季度同店住宅NOI增长2.0%[6][7] - 2024年前三季度同店住宅NOI增长2.9%[7][8] - 2024年第三季度同店房地产运营收入同比增长5.3%[41] - 2024年第三季度同店平均每个已租房屋收入同比增长1.5%，达到3,033美元[41] - 2024年第三季度同店经济性出租率为95.6%[41] - 2024年第三季度同店房屋周转率同比下降4.5个百分点至53.8%[41] - 2024年第三季度新签租约租金上涨1.2%，续租租金上涨5.0%[44] - 2024年第四季度新签租约租金下降1.8%，续租租金上涨4.2%[44] 开发和收购 - 2024年第三季度完成两个新社区的开发，包括629套公寓和9,200平方英尺的商业空间，总资本成本2.99亿美元[9] - 2024年第三季度启动四个新社区的建设，预计包括1,418套公寓，总资本成本4.5亿美元[10][11] - 公司在2024年9月30日拥有19个全资开发社区正在建设，预计将包含6,855套公寓住房和56,000平方英尺的商业空间，预计总资本成本为26.83亿美元[12] - 公司在2024年第三季度收购了3个全资社区，包含668套公寓住房和1,700平方英尺的商业空间，总收购价格为2.125亿美元[16] - 公司在2024年前9个月收购了4个全资社区，包含968套公寓住房和1,700平方英尺的商业空间，总收购价格为2.746亿美元[17] 资产处置 - 公司在2024年第三季度出售了两个全资社区，包含587套公寓住房，总销售额为3.32亿美元，加权平均市场资本化率为5.0%，产生了1.73亿美元的收益和9,466.1万美元的经济收益[13] - 公司在2024年前9个月出售了5个全资社区，包含1,069套公寓住房和12,000平方英尺的商业空间，总销售额为5.137亿美元，加权平均市场资本化率为5.1%，产生了2.41亿美元的收益和1.17亿美元的经济收益[14] 融资活动 - 公司在2024年第三季度通过持续股权计划和定向增发共获得约8.53亿美元的净募资[21] - 公司在2024年前9个月发行了4亿美元的无担保票据,票面利率为5.35%,实际利率为5.05%[22] - 公司在2024年9月30日有7项共计1.92亿美元的夹层贷款或优先股投资承诺，已投入1.62亿美元[18] 未来展望 - 公司预计2024年第四季度和全年的每股收益分别为1.61美元至1.71美元,每股FFO为2.67美元至2.77美元,每股核心FFO为2.78美元至2.88美元[23] - 公司预计2024年全年同店住宅收入增长3.4%至3.6%,同店运营费用增长4.3%至4.7%,同店NOI增长2.8%至3.2%[23] - 公司正在积极开发、重建、收购或处置社区项目[32] - 公司正在努力确保新社区的建设、重建、开发或重建工作按时完成并控制成本[32] - 公司正在积极寻找未来开发用地[32] - 公司正在密切关注社区的预期运营表现、成本、收益、营业收入和收益估计[32] - 公司正在密切关注租金管制法规对其收入和成本的影响[32] - 公司正在积极拓展到新的地区[32] - 公司正在评估股息政策、合资活动以及投资、债务、收购、处置和融资等方面的政策[32] - 公司正在密切关注房地产市场的发展趋势和整体经济状况[32] - 公司正在关注债务和股权融资的可用性[32] - 公司正在密切关注可能影响其财务状况或经营业绩的监管变化[32] 财务状况 - 资产负债表中，总资产为206.78亿美元，其中房地产资产净值为193.43亿美元[39] - 负债总额为88.93亿美元，其中无担保债券为72.56亿美元[39] - 股东权益为117.83亿美元[39] 收入情况 - 总收入同比增长5.3%，达到7.34亿美元[38] - 公司第三季度总收入为7.29亿美元，同比增长3.1%[44] - 公司第三季度住宅收入增长3.2%，其中新英格兰地区增长4.2%，中大西洋地区增长3.7%[44] - 公司第三季度南加州地区租金上涨5.3%，创公司同店最高[44] - 公司第三季度其他拓展区域租金下降7.8%，为公司同店最低[44] - 公司第三季度开发/改建项目收入为2.00亿美元，较上季度增长46.6%[44] - 公司第三季度商业收入为9.75亿美元，较上季度下降8.7%[44] - 公司第三季度其他稳定项目收入为2.80亿美元，较上季度增长18.1%[44]

AvalonBay Communities (AVB) reported $734.31 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.3%. EPS of $2.74 for the same period compares to $1.21 a year ago.The reported revenue represents a surprise of +0.36% over the Zacks Consensus Estimate of $731.67 million. With the consensus EPS estimate being $2.71, the EPS surprise was +1.11%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectation ...

AvalonBay Communities (AVB) came out with quarterly funds from operations (FFO) of $2.74 per share, beating the Zacks Consensus Estimate of $2.71 per share. This compares to FFO of $2.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.11%. A quarter ago, it was expected that this apartment building owner would post FFO of $2.71 per share when it actually produced FFO of $2.77, delivering a surprise of 2.21%.Over the last four qua ...

文章核心观点 - 公司是一家专注于多户家庭房地产开发、收购和管理的房地产投资信托公司(REIT) [1] - 公司在过去四个季度中均超过了Zacks共识预期,平均超出1.40% [2] - 第三季度,公司可能继续面临吸引租户的挑战,因为某些市场供应水平较高 [8] - 高利率也是公司的一个担忧,因为这意味着公司的借贷成本更高,可能影响其购买或开发房地产的能力 [9] 行业概况 - 第三季度,美国公寓市场需求仍然强劲,尽管新房源大量进入市场,但租金增长相对温和 [3] - 第三季度,全国市场租赁公寓的入住率为94.4%,同比下降10个基点,平均有效租金为1,838美元,同比上涨0.2% [5] 公司表现 - 公司专注于在高增长地区开发、收购和改建多户家庭房地产,保持较高的入住率和较高的租金 [6] - 公司利用技术、规模和组织优势来促进创新和提高利润率,维持资产负债表实力和稳定的现金流 [7] - 公司第三季度的经济入住率预计在95.9%左右,同店平均租金同比增长0.5% [12] - 公司第三季度的收入预计同比增长4.9%至7.32亿美元,核心每股FFO预计在2.66-2.76美元之间 [13]

Wall Street analysts forecast that AvalonBay Communities (AVB) will report quarterly earnings of $2.71 per share in its upcoming release, pointing to a year-over-year increase of 1.9%. It is anticipated that revenues will amount to $731.67 million, exhibiting an increase of 4.9% compared to the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this pe ...

Astellas receives an exclusive option to license AVB-101, an investigational, AAV-based gene therapy in Phase 1/2 development AviadoBio receives $20 million equity investment, up to $30 million in upfront payments and is eligible to receive up to $2.18 billion in license fees and milestone payments plus royalties if Astellas exercises its optionLONDON and TOKYO, Oct. 8, 2024 /PRNewswire/ -- AviadoBio Ltd. ("AviadoBio") and Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, "Astellas") today ...

Shares of AvalonBay Communities (AVB) have rallied 25% over the past six months, outperforming the industry's upside of 18.1%.In September 2024, in its third-quarter operating update, AVB noted that it experienced an increase in economic occupancy but a deceleration in its like-term effective rent change in August vis-a-vis July and the previous quarter of 2024.This residential REIT is well-poised to gain from the healthy renter demand for its residential properties in the high barrier-to-entry regions of t ...

Hey there! My focus here is to provide you with insightful rating analysis on the world's leading financial firms to help you navigate and comprehend the latest investment opportunities while identifying potential pitfalls. My favorite picks are those that are tilted towards both the growth and quality factors. These are stocks that have a strong growth story combined with robust financial statements to support the growing narrative. My first investment was made seven years ago, and I have passed all CFA Pr ...

AvalonBay Communities (AVB) is well-poised to gain from the healthy renter demand for its residential properties in the high barrier-to-entry regions of the United States as favorable demographic trends and high home ownership costs are likely to keep driving demand. The company’s efforts to leverage technology and scale to drive margin expansion and operational efficiency seem encouraging. Strategic buyouts and development projects, backed by a healthy balance sheet position, augur well for long-term growt ...