AvalonBay reported robust financials in Q1 2025, driven by stable residential performance, key acquisitions in Texas, and strategic capital market activity. The company also reaffirmed its full-year guidance and remains well-positioned with a strong development pipeline and balance sheet.
EPS reached $1.66 while Core FFO per share increased to $2.83
Residential revenue rose to $693.1 million, up from $672.8 million in Q1 2024
AvalonBay exited the Connecticut market and acquired 8 communities in Texas totaling 2,701 apartment homes
Maintained high financial flexibility with 95% of NOI from unencumbered assets and no outstanding credit facility borrowings
AvalonBay reaffirmed its FY 2025 outlook and provided solid Q2 projections, reflecting continued operational strength and discipline in capital allocation.
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