Avalonbay Communities (AVB) Tops Q1 EPS by $1

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Go back to Avalonbay Communities (AVB) Tops Q1 EPS by $1

AvalonBay Communities, Inc. Announces First Quarter 2022 Operating Results and Second Quarter and Full Year 2022 Financial Outlook

April 27, 2022 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 March 31, 2022 was $262,044,000. This resulted in an increase in Earnings per Share diluted (EPS) for the three months ended March 31, 2022 of 83.3% to $1.87 from $1.02 for the prior year period, primarily attributable to an increase in gain on sale of real estate and an increase in Same Store Residential NOI, as detailed in the table below.

Funds from Operations attributable to common stockholders - diluted (FFO) per share for the three months ended March 31,... More