Avalonbay Communities (AVB) Tops Q2 FFO by 3c

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Go back to Avalonbay Communities (AVB) Tops Q2 FFO by 3c

AvalonBay Communities, Inc. Announces Second Quarter 2018 Operating Results and Updates Full Year 2018 Financial Outlook

July 30, 2018 4:15 PM EDT

ARLINGTON, Va.--(BUSINESS WIRE)-- AvalonBay Communities, Inc. (NYSE: AVB) (the Company) reported today that Net Income Attributable to Common Stockholders for the three months ended June 30, 2018 was $254,662,000. This resulted in an increase in Earnings per Share diluted (EPS) of 53.3% to $1.84 for the three months ended June 30, 2018, from $1.20 for the prior year period.

Funds from Operations attributable to common stockholders - diluted (FFO) per share for the three months ended June 30, 2018 increased 16.3% to $2.21 from $1.90 for the prior year period. Core FFO per share (as defined in this release) for the three months ended June 30, 2018 increased 6.7%... More