AvalonBay Communities Q2 Economic Occupancy 96.0%; Like-Term Effective Rent Change 3.7%
Portfolio Pulse from Benzinga Newsdesk
AvalonBay Communities reported a Q2 economic occupancy rate of 96.0% and a like-term effective rent change of 3.7%.
September 04, 2024 | 8:21 pm
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AvalonBay Communities reported strong Q2 metrics with an economic occupancy rate of 96.0% and a like-term effective rent change of 3.7%, indicating stable demand and rental growth.
The high economic occupancy rate of 96.0% suggests strong demand for AvalonBay's properties, while the 3.7% increase in like-term effective rent indicates rental growth. These factors are likely to positively impact AVB's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100