Discontinued — last reported Q3 '24
Southern California — Revenue
AvalonBay Communities Southern California — Revenue increased by 0.6% to $149.49M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 6.7%, from $140.12M to $149.49M. Over 2 years (FY 2021 to FY 2023), Southern California — Revenue shows an upward trend with a 11.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates strong rental demand, successful lease-up of units, or effective rent growth, while a decrease may signal regional economic softening or increased competitive pressure.
Detailed definition
This metric represents the total rental income and ancillary revenue generated by the company's residential apartment po...
Peer comparison
Comparable to regional rental revenue metrics reported by other multi-family REITs with significant exposure to the Southern California housing market.
avb_segment_southern_california_revenuesHistorical 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 | $108.71M | $116.22M | $109.75M | $121.04M | $129.33M | $123.42M | $118.30M | $133.10M | $137.44M | $140.12M | $141.09M | $149.42M | $148.65M | $149.49M |
| QoQ Change | — | +6.9% | -5.6% | +10.3% | +6.8% | -4.6% | -4.1% | +12.5% | +3.3% | +1.9% | +0.7% | +5.9% | -0.5% | +0.6% |
| YoY Change | — | — | — | — | +19.0% | +6.2% | +7.8% | +10.0% | +6.3% | +13.5% | +19.3% | +12.3% | +8.2% | +6.7% |
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Frequently Asked Questions
- What is AvalonBay Communities's southern california — revenue?
- AvalonBay Communities (AVB) reported southern california — revenue of $149.49M in Q3 2024.
- How has AvalonBay Communities's southern california — revenue changed year-over-year?
- AvalonBay Communities's southern california — revenue increased by 6.7% year-over-year, from $140.12M to $149.49M.
- What is the long-term trend for AvalonBay Communities's southern california — revenue?
- Over 2 years (2021 to 2023), AvalonBay Communities's southern california — revenue has grown at a 11.8% compound annual growth rate (CAGR), from $441.77M to $551.74M.
- What does southern california — revenue mean?
- Total rental and service income generated by properties located in the Southern California region.