5 Things to Know About AvalonBay Stock
In the early days of the coronavirus pandemic, investors were worried that apartments in big coastal cities would be crushed. For a time there were problems, but now they've come back to life.
And so too has AvalonBay Communities (NYSE: AVB), one of the bellwether names in the apartment real estate investment trust (REIT) sector. But before you rush to buy it, here are five things you should know.
AvalonBay just reported fourth-quarter and full-year 2021 earnings. The two different time periods help to show both the impact of the pandemic and the direction the business is heading. For example, full-year funds from operations (FFO) was down 4.9%, which isn't good. But in the fourth quarter, the REIT's FFO was up 12.4% versus the same quarter in 2020. Clearly, things are looking better.
Source Fool.com
