Avalonbay Communities (AVB) Misses Q2 FFO by 5c, Offers Q3, FY Guidance

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Go back to Avalonbay Communities (AVB) Misses Q2 FFO by 5c, Offers Q3, FY Guidance

AvalonBay Communities, Inc. Announces Second Quarter 2015 Operating Results and Updates Full Year 2015 Financial Outlook

July 27, 2015 4:02 PM EDT

ARLINGTON, Va.--(BUSINESS WIRE)-- AvalonBay Communities, Inc. (NYSE: AVB) (the Company) reported today Net Income Attributable to Common Stockholders for the quarter ended June 30, 2015 of $172,324,000. This resulted in Earnings per Share diluted (EPS) of $1.29 for the three months ended June 30, 2015, compared to $1.21 per share for the comparable period of 2014, an increase of 6.6%. For the six months ended June 30, 2015, EPS was $2.86 compared to EPS of $2.31 for the comparable period of 2014, an increase of 23.8%.

The increase in EPS for the three and six months ended June 30, 2015 over the prior year periods is primarily due to an... More