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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 734M | 1.1% |
| Gross Profit | 521M | 1.1% |
| Cost of Revenue | 213M | 7% |
| Operating expense | 31M | 0.8% |
| Net Income | 373M | 46.7% |
| EBITDA | 641M | 43.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 21.3B | 1.3% |
| Total Liabilities | 9.42B | 1.4% |
| Total Equity | 11.9B | 1.2% |
| Shares Outstanding | 142M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 486M | 27.9% |
| Cash from investing | -219M | 10.5% |
| Cash from financing | -240M | 250.4% |
EPS
Financial Highlights for AvalonBay Communities in Q3 '24
AvalonBay Communities reported a revenue of 734M, which is a 1.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 521M, marking a -1.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 213M, a 7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 31M, showing a -0.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 373M, showing a 46.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 641M, showing a 43.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
AvalonBay Communities faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
