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REIT Comments |
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02/04/2010
AVB $75
AvalonBay Communities AVB traded DOWN ($2.65) per share in early trading to DOWN (3%) day
AVB outperformed Retail REITs, UP +36% for 2009
AVB traded DOWN (8%) year to date for 2010
AVB last night reported results for 4Q 2009 including notable erosion in rental rates and same property net operating income
AVB guidance for FFO for 2010 to decline in a range of (1%)-(7%)
AVB a Residential REIT with a portfolio of upscale apartment communities in suburban areas on east and west coast
AVB we rank 4 SELL
AVB market cap $6.3 billion
AVB an S&P 500 Index REIT
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