AvalonBay Communities (AVB) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased sharply compared to both the prior quarter and the same quarter a year ago. The reported results indicate a significant upward movement in the period.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased sharply compared to both the prior quarter and the same quarter a year ago. The reported results indicate a significant upward movement in the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7M
Revenue reported for this quarter.
Quarter-over-quarter
+154.4%
Change from the immediately preceding quarter.
Year-over-year
+200.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.5M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $1.4M | +101.3% |
| Dec 31, 2022 | $3.3M | +365.8% |
| Mar 31, 2023 | $1.1M | +41.8% |
| Jun 30, 2023 | $2.7M | +200.0% |
Revenue performance
Revenue rose from the immediately preceding quarter, continuing the positive trend seen in recent periods.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher. The improvement relative to the prior quarter also reflects ongoing strength.
What to watch
The filing context does not provide specific factors behind the revenue change; monitoring future filings may offer additional insight.