AvalonBay Communities, Inc. (AVB) Q1 2025 Earnings Conference Call Transcript


AvalonBay Communities, Inc. (NYSE:AVB) Q1 2025 Earnings Conference Call May 1, 2025 1:00 PM ET

Company Participants

Jason Reilley – Vice President-Investor Relations
Ben Schall – President and Chief Executive Officer
Kevin O’Shea – Chief Financial Officer
Sean Breslin – Chief Operating Officer
Matt Birenbaum – Chief Investment Officer

Conference Call Participants

Eric Wolfe – Citibank
Steve Sakwa – Evercore ISI
Jana Galan – Bank of America
Austin Wurschmidt – KeyBanc Capital Markets
Cooper Clark – Wells Fargo
Adam Kramer – Morgan Stanley
Rich Hightower – Barclays
Michael Goldsmith – UBS
Alexander Goldfarb – Piper Sandler
Linda Tsai – Jefferies
John Kim – BMO Capital Markets
Alex Kim – Zelman and Associates

Haendel St. Juste – Mizuho Securities

Operator

Good morning, ladies and gentlemen, and welcome to AvalonBay Communities First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following remarks by the company, we will conduct a question-and-answer session. [Operator Instructions]

Your host for today’s conference call is Mr. Jason Reilely, Vice President of Investor Relations. Mr. Reilly, you may begin your conference.

Jason Reilley

Thank you, Julian, and welcome to AvalonBay Communities first quarter 2025 earnings conference call. Before we begin, please note that forward-looking statements may be made during this discussion. There are a variety of risk and uncertainties associated with forward-looking statements, and actual results may differ materially.

There is a discussion of these risks and uncertainties in yesterday afternoon’s press release, as well as in the company’s Form 10-K and Form 10-Q filed with the SEC. As usual, the press release does include an attachment with definitions and reconciliations of non-GAAP financial measures and other terms, which may be used in today’s discussion. The attachment is also available on our website at www.avalonbay.com forward slash earnings, and we encourage you to refer to this information



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