AvalonBay beat Q2 earnings and raised its same-store outlook on stronger rental demand, but shelved full-year guidance as shareholders prepare to vote on an all-stock merger with Equity Residential that would create a $71 billion rental housing giant with 180,000 apartments.
AvalonBay Communities :
AVB
AVB
Stock Data
$190.27
$0.38 (0.20%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
REAL ESTATE
Industry
REIT - RESIDENTIAL
Avalonbay Communities Inc is a real estate investment trust (REIT) specializing in apartment communities. With a portfolio that includes nearly 91,000 apartment homes across the United States, Avalonbay focuses on metropolitan areas in New England, the New York/New Jersey area, the Mid-Atlantic, the Pacific Northwest, and California. The company also targets growth in regions like North Carolina, Southeast Florida, Texas, and Denver, Colorado. Avalonbay is known for its development, redevelopment, acquisition, and management of luxury apartment communities.
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