AvalonBay Communities (AVB) Revenue — Quarter Ended Dec 31, 2024
Revenue for the quarter increased modestly from the previous three-month period but fell sharply compared with the same quarter a year ago. The sequential uptick broke a pattern of declines seen earlier in the fiscal year.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue for the quarter increased modestly from the previous three-month period but fell sharply compared with the same quarter a year ago. The sequential uptick broke a pattern of declines seen earlier in the fiscal year.
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
+1.3%
Change from the immediately preceding quarter.
Year-over-year
-13.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.1M
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, 2024 | $1.8M | +68.4% |
| Jun 30, 2024 | $1.8M | -32.5% |
| Sep 30, 2024 | $1.7M | -11.3% |
| Dec 31, 2024 | $1.7M | -13.5% |
Revenue performance
Reported revenue moved higher versus the immediately preceding quarter, ending a series of sequential decreases. However, the year-over-year comparison showed a significant decline.
Quarterly comparison
Compared to the prior quarter, revenue improved slightly. Relative to the same quarter one year earlier, revenue was substantially lower.
What to watch
The trailing twelve-month revenue total was lower than the amount reported for the first quarter of the fiscal year, indicating a declining annual trend.