Shares of AvalonBay Communities (AVB) have gained 13.4% in the past three months compared with the industry's upside of 9.2%. The company is well-poised to benefit from the healthy renter demand for its residential properties in the high barrier-to-entry regions of the United States, as favorable demographic trends and rising home ownership costs are likely to keep driving demand for rental units. The company’s efforts to leverage technology and scale to drive margin expansion and operational efficiency see ...