AvalonBay Communities, Inc. reported its first-quarter 2025 financial results, with diluted EPS of $1.66 and Core FFO per share of $2.83, surpassing the February 2025 outlook of $2.80. Same Store Residential NOI increased by 2.6% compared to the prior year period, driven by a 3.0% rise in revenue.
During the quarter, the company started construction on two new apartment communities, Avalon Parker in Colorado and Avalon North Palm Beach in Florida, totaling 591 apartment homes with an estimated capital cost of $240 million. AvalonBay also completed the sale of Avalon Wilton on River Road in Connecticut for $65.1 million, marking its exit from the Connecticut market.
The company acquired two communities in the Austin metropolitan area, comprising 857 homes for $187 million, funded primarily with disposition proceeds. AvalonBay reaffirmed its full-year 2025 EPS, FFO, Core FFO, and Same Store outlooks, demonstrating confidence in its operational and strategic trajectory.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.