Discontinued — last reported Q3 '24
New England — NOI
AvalonBay Communities New England — NOI decreased by 2.7% to $61.76M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 1.0%, from $61.15M to $61.76M. Over 2 years (FY 2021 to FY 2023), New England — NOI shows an upward trend with a 11.7% 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 stronger rental growth relative to expenses, whereas a decrease indicates rising operating costs or declining revenue performance.
Detailed definition
Net Operating Income (NOI) for the New England segment is calculated as total property revenues minus property operating...
Peer comparison
Standardized across the REIT industry as the primary measure of property-level profitability, allowing for direct comparison with regional NOI of peer multi-family operators.
avb_segment_new_england_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 | $47.90M | $48.12M | $52.62M | $52.59M | $57.41M | $59.27M | $59.05M | $61.51M | $61.57M | $61.15M | $60.47M | $65.45M | $63.44M | $61.76M |
| QoQ Change | — | +0.5% | +9.4% | -0.1% | +9.2% | +3.2% | -0.4% | +4.2% | +0.1% | -0.7% | -1.1% | +8.2% | -3.1% | -2.7% |
| YoY Change | — | — | — | — | +19.9% | +23.2% | +12.2% | +17.0% | +7.2% | +3.2% | +2.4% | +6.4% | +3.0% | +1.0% |
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Frequently Asked Questions
- What is AvalonBay Communities's new england — noi?
- AvalonBay Communities (AVB) reported new england — noi of $61.76M in Q3 2024.
- How has AvalonBay Communities's new england — noi changed year-over-year?
- AvalonBay Communities's new england — noi increased by 1.0% year-over-year, from $61.15M to $61.76M.
- What is the long-term trend for AvalonBay Communities's new england — noi?
- Over 2 years (2021 to 2023), AvalonBay Communities's new england — noi has grown at a 11.7% compound annual growth rate (CAGR), from $196.08M to $244.70M.
- What does new england — noi mean?
- The profit generated by properties in the New England region after subtracting operating expenses from rental income.