AvalonBay Is Creating $1.2 Billion of Value for Shareholders

AvalonBay Is Creating $1.2 Billion of Value for Shareholders

As the pandemic hit in 2020, investors worried that apartment owners would get hit hard by vacancies and missed rent payments. Shares of apartment real estate investment trust (REIT) bellwether AvalonBay Communities (NYSE: AVB) fell more than 45% in the early days of the global health scare. Occupancy levels at AvalonBay and many of its peers started to fall.