AvalonBay Communities Inc. reported that portfolio physical occupancy increased by 20 basis points from December 2025 to February 2026, and Like-Term Effective Rent Change rose by 100 basis points from negative 0.5% in January to positive 0.5% in February, based on actual results for December and January and projected February figures as of Feb. 26, 2026. The company said these preliminary Same Store Residential operating metrics are generally consistent with its expectations for full-year 2026 Same Store Residential revenue growth provided on Feb. 4, 2026. Year-to-date in 2026, AvalonBay repurchased $112.8 million of common stock at an average price of $176.85 per share, and reported total repurchases of $600.9 million since the second half of 2025 at an average price of $181.19 per share. The company also said it sold two wholly owned communities year-to-date for $270 million in gross proceeds and is under agreement to sell two additional wholly owned communities for $140 million, expected to close in the first half of 2026.

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