AvalonBay Communities (AVB) Revenue — Quarter Ended Dec 31, 2023
Reported revenue increased in the latest quarter. The improvement reverses the sharp decline seen in the same period a year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Reported revenue increased in the latest quarter. The improvement reverses the sharp decline seen in the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2M
Revenue reported for this quarter.
Quarter-over-quarter
+3.9%
Change from the immediately preceding quarter.
Year-over-year
-38.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.7M
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 |
|---|---|---|
| Mar 31, 2023 | $1.1M | +41.8% |
| Jun 30, 2023 | $2.7M | +200.0% |
| Sep 30, 2023 | $1.9M | +38.2% |
| Dec 31, 2023 | $2M | -38.7% |
Revenue performance
Revenue for the quarter grew compared to the immediately preceding quarter. This marks a continuation of the upward trajectory observed over the prior two quarters.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was significantly lower. The current quarter's increase, however, recouped a portion of that prior-year decline.
What to watch
The filing context lists risk factors and management discussion items but provides no causal explanation for revenue changes.