earnings
confidence high
sentiment positive
materiality 0.60
AvalonBay Q4 Core FFO $2.27 beats outlook, up 12.4% YoY; FY EPS $7.19
AVALONBAY COMMUNITIES INC
2021-FY EPS reported
$7.19
revenue$2,294,850,000
- Q4 2021 EPS $2.40 (down 1.6% YoY) but above October outlook of $2.30.
- Q4 Core FFO per share $2.27, up 12.4% YoY and $0.03 above $2.24 outlook.
- Full-year 2021 EPS $7.19 (+22.1% YoY); Core FFO $8.26 (-4.9% YoY).
- Same Store Residential NOI contributed $0.17 to Q4 EPS vs Q4 2020.
- Initial 2022 financial outlook announced; specific guidance not in excerpt.