Barclays Analyst is Bullish on AvalonBay Communities (AVB)

In a abstracted update, S&P Global updated its stance connected AvalonBay from unchangeable to affirmative connected November 4. The standing bureau anticipates that AVB’s operational way grounds volition beryllium consistent, fixed the coagulated request for its suburban coastal assets and beardown tenant demand. Q3’s summation successful same-store residential gross and nett operating income was supported by a near-full occupancy astatine 95.7%, successful summation to unchangeable tenancy. S&P besides observed that tenancy remains much affordable than homeownership successful the existent economy, which is beneficial for AVB.

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The affirmative outlook indicates that S&P anticipates robust occupancy and unchangeable rent maturation for the adjacent 2 years, since AVB’s properties are located successful bully areas. The steadfast besides expects AVB to concern its projects successful a mode that recognition extortion measures bash not escalate from contiguous levels contempt the enlargement of its portfolio.

AvalonBay Communities, Inc. (NYSE:AVB) builds, acquires, and manages flat communities successful large American cities and immoderate increasing markets.

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