AvalonBay Communities (AVB): Valuation Check After $340 Million Asset Sales and New Investor Presentation
AvalonBay Communities (AVB) is heading into Nareit’s REITworld Conference with a clear message: it has signed deals to sell three communities for about $340 million and posted a fresh investor presentation. See our latest analysis for AvalonBay Communities. Those planned asset sales and the fresh investor deck come as AvalonBay’s share price, now around $176, has faced pressure, with a year to date share price return of negative 18.8 percent and a still positive five year total shareholder...