AvalonBay's Q4 FFO rises 6.5%

AvalonBay Communities,.

04/02/2026 21:26

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)