Avalonbay Communities (AVB) Reports Q3 FFO of $2.06

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Go back to Avalonbay Communities (AVB) Reports Q3 FFO of $2.06

AvalonBay Communities, Inc. Announces Third Quarter 2021 Operating Results and Fourth Quarter 2021 Financial Outlook

October 27, 2021 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, 2021 was $78,914,000. This resulted in a decrease in Earnings per Share diluted (EPS) for the three months ended September 30, 2021 of 46.7% to $0.56 from $1.05 for the prior year period, primarily attributable to a decrease in gain on sale of real estate, as detailed in the table below.

Funds from Operations attributable to common stockholders - diluted (FFO) per share for the three months ended September 30, 2021 decreased 3.4% to $1.96 from $2.03 for the... More