Discontinued — last reported Q3 '24
Mid-Atlantic — NOI
AvalonBay Communities Mid-Atlantic — NOI increased by 0.0% to $70.91M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 11.5%, from $63.57M to $70.91M. Over 2 years (FY 2021 to FY 2023), Mid-Atlantic — NOI shows an upward trend with a 10.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase signals improved operational efficiency or stronger rental pricing, whereas a decrease may indicate rising operating costs or declining property performance.
Detailed definition
Net Operating Income (NOI) for the Mid-Atlantic segment is calculated as total property revenues minus property-level op...
Peer comparison
Standard industry metric for multi-family REITs; directly comparable to regional NOI reported by peers like Equity Residential or UDR.
avb_segment_mid_atlantic_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 | $54.82M | $56.10M | $44.53M | $55.99M | $57.94M | $56.58M | $56.51M | $64.74M | $63.85M | $63.57M | $63.58M | $71.21M | $70.89M | $70.91M |
| QoQ Change | — | +2.3% | -20.6% | +25.7% | +3.5% | -2.3% | -0.1% | +14.6% | -1.4% | -0.4% | +0.0% | +12.0% | -0.5% | +0.0% |
| YoY Change | — | — | — | — | +5.7% | +0.9% | +26.9% | +15.6% | +10.2% | +12.4% | +12.5% | +10.0% | +11.0% | +11.5% |
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Frequently Asked Questions
- What is AvalonBay Communities's mid-atlantic — noi?
- AvalonBay Communities (AVB) reported mid-atlantic — noi of $70.91M in Q3 2024.
- How has AvalonBay Communities's mid-atlantic — noi changed year-over-year?
- AvalonBay Communities's mid-atlantic — noi increased by 11.5% year-over-year, from $63.57M to $70.91M.
- What is the long-term trend for AvalonBay Communities's mid-atlantic — noi?
- Over 2 years (2021 to 2023), AvalonBay Communities's mid-atlantic — noi has grown at a 10.7% compound annual growth rate (CAGR), from $208.51M to $255.74M.
- What does mid-atlantic — noi mean?
- The profit generated by Mid-Atlantic properties after subtracting operating expenses from rental income.