AvalonBay Communities (AVB) Revenue — Quarter Ended Sep 30, 2024
Revenue for the most recent quarter declined compared with both the immediately preceding quarter and the same period a year earlier. The decrease reflects a continuation of the downward trend observed over the past several quarters.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the most recent quarter declined compared with both the immediately preceding quarter and the same period a year earlier. The decrease reflects a continuation of the downward trend observed over the past several quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7M
Revenue reported for this quarter.
Quarter-over-quarter
-6.2%
Change from the immediately preceding quarter.
Year-over-year
-11.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.4M
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, 2023 | $2M | -38.7% |
| Mar 31, 2024 | $1.8M | +68.4% |
| Jun 30, 2024 | $1.8M | -32.5% |
| Sep 30, 2024 | $1.7M | -11.3% |
Revenue performance
Revenue in the current quarter was lower than the previous quarter, marking a sequential decline.
Quarterly comparison
Compared with the same quarter one year ago, revenue also fell. The year-over-year decline was steeper than the sequential drop.
What to watch
The persistent decrease in revenue across multiple quarters warrants monitoring of underlying demand and pricing trends.