Avalonbay Communities (AVB) Tops Q3 FFO by 2c; Guides Q4, FY15 FFO

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Go back to Avalonbay Communities (AVB) Tops Q3 FFO by 2c; Guides Q4, FY15 FFO

AvalonBay Communities, Inc. Announces Third Quarter 2015 Operating Results

October 26, 2015 4:17 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 September 30, 2015 of $206,142,000. This resulted in Earnings per Share diluted (EPS) of $1.53 for the three months ended September 30, 2015, compared to $1.83 per share for the comparable period of 2014, a decrease of 16.4%.

Funds from Operations attributable to common stockholders - diluted (FFO) per share for the three months ended September 30, 2015 decreased 5.6% to $2.02 from $2.14 for the comparable period of 2014. FFO per share adjusted for items as detailed in the Definitions and Reconciliations of this... More