AvalonBay (AVB) Lowers Full-Year Guidance and Announces Asset Sa
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AvalonBay Communities (AVB) has lowered its full-year guidance for core Funds From Operations (FFO) per share growth to 2.2% and adjusted its FY25 same-store net operating income growth to 2.0%. The company also plans to sell three communities for $340 million and has repurchased $488 million of its stock this year. While AVB shows strong profitability with a market cap of $25.15 billion, it faces potential liquidity constraints and financial stress indicated by its Altman Z-Score.
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