AVB is the SPG/NNN/VTR of the multifamily sector with its long record of outperformance, recession-resistant business model, pristine balance sheet, and excellent management.
With strong geographic diversity focused on coastal markets facing strong tailwinds, AVB should continue to generate safe and steady returns for the foreseeable future.
Total return potential is not compelling at current valuations. Add to your watch list and add on a future dip.
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