Discontinued — last reported Q3 '24
Metro NY/NJ — NOI
AvalonBay Communities Metro NY/NJ — NOI decreased by 2.2% to $90.69M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 0.7%, from $90.06M to $90.69M. Over 2 years (FY 2021 to FY 2023), Metro NY/NJ — NOI shows an upward trend with a 12.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved operational efficiency or higher rental margins, whereas a decrease indicates rising operating costs or declining property performance.
Detailed definition
Net Operating Income (NOI) for this segment is calculated as total property revenues minus property-level operating expe...
Peer comparison
Standard industry metric for multi-family REITs; comparable to regional NOI figures provided by peers like Equity Residential or Essex Property Trust.
avb_segment_metro_ny_nj_noiHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $70.94M | $72.56M | $68.04M | $79.51M | $80.04M | $81.82M | $83.53M | $92.05M | $91.85M | $90.06M | $88.64M | $93.17M | $92.74M | $90.69M |
| QoQ Change | — | +2.3% | -6.2% | +16.9% | +0.7% | +2.2% | +2.1% | +10.2% | -0.2% | -2.0% | -1.6% | +5.1% | -0.5% | -2.2% |
| YoY Change | — | — | — | — | +12.8% | +12.8% | +22.8% | +15.8% | +14.8% | +10.1% | +6.1% | +1.2% | +1.0% | +0.7% |
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Frequently Asked Questions
- What is AvalonBay Communities's metro ny/nj — noi?
- AvalonBay Communities (AVB) reported metro ny/nj — noi of $90.69M in Q3 2024.
- How has AvalonBay Communities's metro ny/nj — noi changed year-over-year?
- AvalonBay Communities's metro ny/nj — noi increased by 0.7% year-over-year, from $90.06M to $90.69M.
- What is the long-term trend for AvalonBay Communities's metro ny/nj — noi?
- Over 2 years (2021 to 2023), AvalonBay Communities's metro ny/nj — noi has grown at a 12.8% compound annual growth rate (CAGR), from $284.82M to $362.60M.
- What does metro ny/nj — noi mean?
- The profit generated from apartment properties in the Metro New York and New Jersey region after subtracting operating expenses.