AvalonBay Sees Strength In Pacific NW, Weakness In NoCal

10/30/17

By Stephen Alpher

Q3 core FFO per share of $2.19 up from $2.07 a year ago. Estimates were for $2.17.

For established communities, average rental rates up 2% Y/Y, with economic occupancy up 0.2% - total rental revenue up 2.2%. Operating expenses grew 2.4%; NOI up 2.1%.

Rental rates up 4.1% in Pac NW, 3.8% in SoCal, flat in NoCal; up 1.7% in Metro NY and Mid-Atlantic, up 2.3% in New England. NOI growth strongest in Pac NW at 5.1% and weakest in NoCal at 1.3%.

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.