Avalonbay Communities (AVB) Reports Q4 FFO of $2.02

AvalonBay Communities, Inc. Announces 2020 Operating Results and Initial 2021 Financial Outlook

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 December 31, 2020 was $341,128,000. This resulted in an increase in Earnings per Share diluted (EPS) for the three months ended December 31, 2020 of 103.3% to $2.44 from $1.20 for the prior year period, primarily attributable to an increase in gain on sale of real estate and depreciation expense, partially offset by a decrease in Established Community NOI, as detailed in the table below.

Funds from Operations attributable to common stockholders - diluted (FFO) per... More