Avalonbay Communities (AVB) Reports Q2 FFO of $2.23

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Go back to Avalonbay Communities (AVB) Reports Q2 FFO of $2.23

AvalonBay Communities, Inc. Announces Second Quarter 2020 Operating Results

July 29, 2020 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, 2020 was $170,828,000. Earnings per Share diluted (EPS) for the three months ended June 30, 2020 remained unchanged from the prior year period at $1.21.

Funds from Operations attributable to common stockholders - diluted (FFO) per share for the three months ended June 30, 2020 decreased 1.3% to $2.21 from $2.24 for the prior year period. Core FFO per share (as defined in this release) for the three months ended June 30, 2020 decreased 1.8% to $2.23 from $2.27 for the prior year... More