AvalonBay Communities (AVB) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined compared to the immediately preceding quarter but rose relative to the same quarter one year earlier. The sequential decrease contrasts with the year-over-year gain.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter declined compared to the immediately preceding quarter but rose relative to the same quarter one year earlier. The sequential decrease contrasts with the year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9M
Revenue reported for this quarter.
Quarter-over-quarter
-28.7%
Change from the immediately preceding quarter.
Year-over-year
+38.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$9M
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 |
|---|---|---|
| Dec 31, 2022 | $3.3M | +365.8% |
| Mar 31, 2023 | $1.1M | +41.8% |
| Jun 30, 2023 | $2.7M | +200.0% |
| Sep 30, 2023 | $1.9M | +38.2% |
Revenue performance
Reported revenue fell from the prior quarter, marking a reversal from the growth seen in the previous quarter. The year-over-year comparison remained positive, though the rate of increase slowed from the prior year's level.
Quarterly comparison
Compared to the preceding quarter, revenue decreased. Compared to the same quarter one year earlier, revenue increased.
What to watch
The sequential decline in revenue warrants monitoring for any sustained trend.