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17:00
Apr 28 ◎

AVB FY2026 Q1 Watch

AvalonBay Communities, Inc. (AVB) FY2026 Q1 Earnings Call

18:00
Feb 05 ◎

AVB FY2025 Q4 Watch

AvalonBay Communities, Inc. (AVB) FY2025 Q4 Earnings Call

EQR UDR AVB ▾

Ben Shaw

Supply in AvalonBay's established regions is expected at only 80 basis points of stock this year, a level not seen since coming out of the GFC, creating a significant pricing tailwind for incumbent apartment operators. — Shows a step-change improvement in the supply picture for coastal markets that will help stabilize and grow rents for all coastal multifamily landlords in 2026-27.

"supply in our established regions expected at only 80 basis points of stock this year, levels we have not seen since the period coming out of the GFC"

EQR WATCH UDR WATCH

Ben Shaw

Management guides to a muted 2026 on the operating side (1.4% SSNOI revenue growth) and a transition year for development earnings, but explicitly sets up 2027 as the outsized growth year (incremental $75M NOI from recent developments). Supply is expected to be a tailwind, but demand uncertainty tempers near-term growth.

"we are forecasting modest revenue growth of 1.4% given the current job and demand backdrop"

AVB WATCH

HIGH

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