AvalonBay Communities (AVB) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared to the immediately prior quarter. Despite the sequential drop, revenue rose compared to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined compared to the immediately prior quarter. Despite the sequential drop, revenue rose compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8M
Revenue reported for this quarter.
Quarter-over-quarter
-10.7%
Change from the immediately preceding quarter.
Year-over-year
+68.4%
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 |
|---|---|---|
| Jun 30, 2023 | $2.7M | +200.0% |
| Sep 30, 2023 | $1.9M | +38.2% |
| Dec 31, 2023 | $2M | -38.7% |
| Mar 31, 2024 | $1.8M | +68.4% |
Revenue performance
Reported revenue moved lower from the preceding quarter, reversing the prior period's upward trajectory.
Quarterly comparison
Compared to the immediately preceding quarter, revenue contracted. In contrast, revenue was higher than in the same quarter one year before.
What to watch
Monitor whether the sequential decline continues or stabilizes in upcoming quarters.