AvalonBay Communities (AVB) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter ended June 30, 2024 showed an increase compared to the immediately preceding quarter. However, compared to the same quarter one year earlier, revenue was substantially lower.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter ended June 30, 2024 showed an increase compared to the immediately preceding quarter. However, compared to the same quarter one year earlier, revenue was substantially lower.
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
+1.9%
Change from the immediately preceding quarter.
Year-over-year
-32.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.6M
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, 2023 | $1.9M | +38.2% |
| Dec 31, 2023 | $2M | -38.7% |
| Mar 31, 2024 | $1.8M | +68.4% |
| Jun 30, 2024 | $1.8M | -32.5% |
Revenue performance
Revenue in the current quarter rose from the prior quarter, reversing the sequential decline seen in the preceding period. This upturn was not sufficient to recover the year-over-year decline.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Compared to the same quarter one year ago, revenue was markedly lower.
What to watch
The filing context does not provide specific commentary on the revenue drivers for this quarter.