AvalonBay’s Q3 earnings disappoint amid soft demand
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. AvalonBay posted lower-than-projected results in the third quarter, with NOI its biggest drag, according to the Arlington, Virginia-based REIT’s Oct. 29 earnings report. Apartment demand has been softer than anticipated this year, which CEO and President Ben Schall attributed mainly to reduced job growth amid higher macroeconomic uncertainty, lower consumer c ...