Avalonbay Communities (AVB) Tops Q3 EPS

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Go back to Avalonbay Communities (AVB) Tops Q3 EPS

AvalonBay Communities, Inc. Announces Third Quarter 2019 Operating Results

October 28, 2019 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 September 30, 2019 was $279,677,000. This resulted in an increase in Earnings per Share diluted (EPS) for the three months ended September 30, 2019 of 43.9% to $2.00 from $1.39 for the prior year period.

Funds from Operations attributable to common stockholders - diluted (FFO) per share for the three months ended September 30, 2019 decreased 0.4% to $2.25 from $2.26 for the prior year period. Core FFO per share (as defined in this release) for the three months ended September 30, 2019 increased 2.6%... More