AvalonBay Q3 EPS $3.53 vs $0.56; Core FFO $2.50, up 21.4% YoY

AVALONBAY COMMUNITIES INC

2022-Q3 EPS reported $6.40 revenue$1,923,775,000

Net income attributable to common stockholders $494.7M; diluted EPS $3.53 vs $0.56 YoY (+530.4%).
FFO per share $2.46 (+25.5% YoY); Core FFO per share $2.50 (+21.4% YoY).
Same Store Residential NOI contributed $0.35 per share YoY increase on $0.43 revenue growth.
EPS met July outlook midpoint; FFO and Core FFO slightly below July midpoint outlook.
Nine-month 2022: EPS $6.40 (+33.6%), Core FFO $7.19 (+20.0% YoY).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AVALONBAY COMMUNITIES INC reported the three months ended September 30, 2022 results: net income $494,747,000, EPS $3.53.

Period: the three months ended September 30, 2022
Net income: $494,747,000
EPS: $3.53
Result: reported results

Exact text from the filing

AvalonBay Communities, Inc. (NYSE: AVB) (the “Company”) reported today that Net Income Attributable to Common Stockholders for the three months ended September 30, 2022 was $494,747,000. This resulted in an increase in Earnings per Share – diluted (“EPS”) for the three months ended September 30, 2022 of 530.4% to $3.53 from $0.56 for the prior year period

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Source: SEC EDGAR

accession 0000915912-22-000017

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