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Mike On

Managing Director and Senior Equity Research Analyst at Mizuho Securities

Mike On is a Managing Director and Senior Equity Research Analyst at Mizuho Securities, specializing in the U.S. internet and digital media sector with a primary focus on companies like Meta Platforms, Snap Inc., Alphabet, Match Group, and Spotify. He is recognized for delivering actionable investment insights with a strong track record, achieving a success rate of over 65% and consistent top-25 analyst rankings on platforms like TipRanks, along with generating double-digit average returns for investors based on his calls. Mike began his analyst career at Susquehanna International Group in 2013, later advancing with Barclays before joining Mizuho Securities in 2020, where he continues to lead coverage in the internet space. He holds FINRA Series 7, 63, and 86/87 licenses, and has been recognized for his expertise in digital media and internet equities analysis.

Mike On's questions to AVALONBAY COMMUNITIES (AVB) leadership

Question · Q3 2025

Mike On asked if the multiplier effect of D.C. job cuts on the DMV region reduces confidence in market rent growth for 2026 and how it might impact acquisition properties in that region.

Answer

Sean Breslin, Chief Operating Officer, reiterated that any direct impact from D.C. government layoffs would likely be manifesting around the current time, and it remains uncertain if a broader ripple effect has occurred. He also stated that AvalonBay has not acquired any properties in the D.C. region for a considerable period.

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