|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||131.38 - 137.78|
|52 Week Range||118.17 - 229.40|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||23.69|
|Earnings Date||Oct 28, 2020|
|Forward Dividend & Yield||6.36 (4.79%)|
|Ex-Dividend Date||Sep 29, 2020|
|1y Target Est||163.78|
AvalonBay (AVB) delivered FFO and revenue surprises of -4.63% and 0.78%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
AvalonBay Communities, Inc. (NYSE: AVB) (the "Company") reported today that Net Income Attributable to Common Stockholders for the three months ended September 30, 2020 was $147,703,000. This resulted in a decrease in Earnings per Share – diluted ("EPS") for the three months ended September 30, 2020 of 47.5% to $1.05 from $2.00 for the prior year period, primarily attributable to a decrease in gain on sale of real estate, an increase in depreciation expense and other items as detailed in the table below.
Since REITs' performance depends on underlying asset categories and location of properties, not all companies suffered setbacks in the July-September period despite the pandemic playing spoilsport.