Avalonbay Communities (AVB) Tops Q1 EPS by 4c

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Go back to Avalonbay Communities (AVB) Tops Q1 EPS by 4c

AvalonBay Communities, Inc. Announces First Quarter 2020 Operating Results

May 6, 2020 4:10 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 March 31, 2020 was $167,971,000. This resulted in a decrease in Earnings per Share diluted (EPS) for the three months ended March 31, 2020 of 3.3% to $1.19 from $1.23 for the prior year period.

Funds from Operations attributable to common stockholders - diluted (FFO) per share for the three months ended March 31, 2020 decreased 1.3% to $2.28 from $2.31 for the prior year period. Core FFO per share (as defined in this release) for the three months ended March 31, 2020 increased 3.9%... More