Apartment REIT AvalonBay Communities' Q3 EPS rises

AvalonBay Communities,.

29/10/2025 21:09

Overview

AvalonBay Q3 EPS increased 2.7% yr/yr, with FFO per share up 4.5%

Core FFO per share rose 0.4% yr/yr in Q3

Company completed Avalon Annapolis development for $195 mln

Outlook

AvalonBay projects Q4 2025 EPS between $1.18 and $1.28

Company expects full-year 2025 EPS between $7.35 and $7.55

AvalonBay sees full-year 2025 Core FFO per share at $11.15 to $11.35

Result Drivers

SAME STORE NOI - Increase in same store residential NOI contributed positively to EPS and FFO per share

CAPITAL MARKETS IMPACT - Capital markets activity negatively affected EPS and FFO per share

DEVELOPMENT COMPLETION - Completion of Avalon Annapolis development for $195 mln added to Q3 activities

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$2.68
Q3 Core FFO Per Share
$2.75
Q3 FFO Per Share
$3.01


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 14 "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 $214.00, about 14% above its October 28 closing price of $184.12

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 35 three months ago

Press Release: ID:nBw4hlw8ta

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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.)