AvalonBay's Q4 FFO rises 6.5%

Reuters
Feb 05
AvalonBay's Q4 FFO rises 6.5%

Overview

  • Real estate investment trust's Q4 FFO per share rose 6.5%

  • Core FFO per share for Q4 increased 1.8% yr/yr

  • Company announced 1.7% dividend increase for Q1 2026

Outlook

  • AvalonBay projects Q1 2026 EPS between $2.35 and $2.45

  • Company expects full-year 2026 EPS between $6.33 and $6.83

  • AvalonBay anticipates 2026 residential NOI change between -0.7% and 1.3%

Result Drivers

  • SAME STORE NOI - Increase in same store residential NOI contributed positively to FFO and Core FFO growth

  • DEVELOPMENT INCOME - Development and other NOI added to FFO and Core FFO growth

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 EPS

$1.17

Q4 Core FFO Per Share

$2.85

Q4 FFO Per Share

$2.80

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 15 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the residential reits peer group is "buy"

  • Wall Street's median 12-month price target for AvalonBay Communities Inc is $194.00, about 11.3% above its February 3 closing price of $174.29

  • The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 31 three months ago

Press Release: ID:nBwbRlSjZa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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