Q2 25 EPS
$1.88
BEAT +44.60%
Est. $1.30
Q2 25 Revenue
$760.2M
BEAT +0.26%
Est. $758.2M
vs S&P Since Q2 25
-15.0%
TRAILING MARKET
AVB -1.0% vs S&P +14.0%
Market Reaction
Did AVB Beat Earnings? Q2 2025 Results
AvalonBay Communities delivered a standout second quarter for fiscal 2025, posting earnings per share of $1.88 against a consensus estimate of $1.30, a beat of 44.60%, while revenue of $760.20 million edged past the $758.20 million estimate and grew … Read more AvalonBay Communities delivered a standout second quarter for fiscal 2025, posting earnings per share of $1.88 against a consensus estimate of $1.30, a beat of 44.60%, while revenue of $760.20 million edged past the $758.20 million estimate and grew 4.7% year-over-year. The headline EPS outperformance was significantly shaped by a $99.64 million GAAP gain from the sale of Avalon Wesmont Station I & II in New Jersey for $161.50 million, underscoring how active capital recycling amplified reported results beyond operational momentum. On the operating side, Same Store Residential revenue rose 3.0% to $689.10 million, supported by economic occupancy of 96.2% and average monthly revenue per occupied home of $3,056. The company also closed $431.50 million in Dallas-Fort Worth acquisitions during the period, advancing its Sun Belt expansion. Notably, a Wall Street analyst downgraded the stock following the results despite the beat. Looking ahead, AvalonBay guided full-year 2025 Core FFO per share of $11.19 to $11.59, with Same Store Residential NOI growth expected between 2.0% and 3.4%.
Key Takeaways
- • Same Store Residential revenue grew 3.0% YoY driven by 2.8% average revenue per occupied home growth and 20 bps occupancy improvement to 96.2%
- • Like-term effective rent change of 2.8% in Q2 2025 (0.7% new move-in, 3.9% renewal)
- • Core FFO per share increased 1.8% YoY to $2.82
- • NOI increased to $513,657,000 from $483,259,000 in Q2 2024
- • SIP interest income increased 75.4% YoY to $6,937,000
- • Gain on sale of communities of $99,457,000 in Q2 2025
AVB YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
AVB Revenue by Segment
With YoY comparisons, source: SEC Filings
AVB Revenue by Geography
With YoY comparisons, source: SEC Filings
AVB Earnings Trends
AVB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AVB EPS Trend
Earnings per share: estimate vs actual
AVB Revenue Trend
Quarterly revenue: estimate vs actual
AVB Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $2.33 | — | $770.3M | +0.40% |
| Q4 25 MISS FY | $1.28 | $1.17 | -8.59% | $767.9M | +0.70% |
| FY Full Year | $4.84 | $7.40 | +53.05% | $3.04B | +0.24% |
| Q3 25 BEAT | $1.49 | $2.68 | +79.67% | $766.8M | -0.20% |
| Q2 25 BEAT | $1.30 | $1.88 | +44.60% | $760.2M | +0.26% |
| Q1 25 BEAT | $1.36 | $1.66 | +22.29% | $745.9M | +0.25% |