Avalonbay Communities (AVB) Misses Q2 EPS by 18c
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AvalonBay Communities, Inc. Announces Second Quarter 2022 Operating Results and Third Quarter and Full Year 2022 Financial Outlook
July 27, 2022 4:15 PM EDTARLINGTON, 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, 2022 was $138,691,000. This resulted in a decrease in Earnings per Share diluted (EPS) for the three months ended June 30, 2022 of 69.2% to $0.99 from $3.21 for the prior year period, primarily attributable to a decrease in gain on sale of real estate, partially offset by 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... More
