AVB News

Amid the ongoing pandemic-led issues, AvalonBay (AVB) boosts its liquidity and addresses its near-term debt maturities with a $600-million unsecured note offering.

As the underlying asset categories and location of properties play a crucial role in determining REITs' performance, not all REIT types were equally challenged by the coronavirus pandemic in Q1.

Q1 2020 AvalonBay Communities Inc Earnings Call

AvalonBay Communities bought a development site in the Coral Way neighborhood of Miami for $12.9 million. M-3811 Shipping Owner LLC, an affiliate of Miami-based Mast Capital, sold the 1.02-acre site at 3811 Shipping Ave. to Avalon Merrick Park LLC, part of AvalonBay Communities. Mast Capital remains a partner in the project.

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the "Company") announced today that on May 22, 2020 it completed a $600 million offering of unsecured notes (the "Notes") with a maturity of January 15, 2031 under its existing shelf registration statement. Details of the transaction are set forth in the table below:

AvalonBay (AVB) delivered FFO and revenue surprises of -0.42% and -0.04%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

AvalonBay (AVB) withdraws 2020 guidance, and updates on operating and financial position amid coronavirus pandemic-led crisis.

AVB earnings call for the period ending March 31, 2020.

Q4 2019 AvalonBay Communities Inc Earnings Call

There is material economic pain today, but these three dividend stocks should fare well over the long-term.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of AvalonBay Communities, Inc. New York, March 31, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of AvalonBay Communities, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

AVALONBAY COMMUNITIES, INC. (NYSE: AVB) today announced that its Board of Directors has determined to transition the location of the 2020 Annual Meeting of Stockholders (the "Annual Meeting") after considering a Virginia stay-at-home executive order and the national public health impact of COVID-19. The Annual Meeting will still be held on Tuesday, May 12, 2020, at 8:00 a.m. Eastern Time but it will be held in a virtual meeting format via audio webcast only. Stockholders will not be able to attend the Annual Meeting physically but will be able to vote and submit questions online during the meeting. Stockholders who have already authorized a proxy to vote their shares or who have responded to a voting instruction form from their bank or broker do not need to take any additional action.

While AvalonBay's (AVB) Q1 results will likely reflect benefits from a healthy rental housing demand, seasonality and high supply might have partly curbed its growth tempo.

AvalonBay Communities, Inc. (NYSE: AVB) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the second quarter of 2020. The Common Stock dividend is $1.59 per share and is payable July 15, 2020 to all Common Stockholders of Record as of June 30, 2020.

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Conference call time in first paragraph, second sentence of release dated April 13, 2020, should read: 12:00 PM Eastern Time (instead of 11:00 AM Eastern Time). Dates available in the Details for the Replay of the Conference Call should read: May 7, 2020 at 5:00 PM ET to May 14, 2020 at 5:00 PM ET (instead of May 7, 2020 at 4:00 PM ET to May 14, 2020 at 4:00 PM ET).

AvalonBay's (AVB) Q1 results highlight year-over-year increase in average rental rates and economic occupancy. The company also apprises about rent collections for April.

AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the "Company") today announced that it has taken various actions to mitigate the effect on its residents, associates and business from the national emergency that has arisen as a result of the coronavirus pandemic.

AvalonBay Communities, Inc. (NYSE: AVB) (the "Company") reported today that Net Income Attributable to Common Stockholders for the three months ended March 31, 2020 was $167,971,000. This resulted in a decrease in Earnings per Share – diluted ("EPS") for the three months ended March 31, 2020 of 3.3% to $1.19 from $1.23 for the prior year period.