earnings
confidence high
sentiment positive
materiality 0.70
AvalonBay Q4 FFO $2.57 (+13.2% YoY); dividend up 3.8%; full-year Core FFO $9.79 (+18.5%)
AVALONBAY COMMUNITIES INC
2022-FY EPS reported
$8.12
revenue$2,593,446,000
- Q4 2022 EPS $1.72 vs $2.40 YoY (-28.3%); FFO per share $2.57 vs $2.27 (+13.2%); Core FFO $2.59 vs $2.27 (+14.1%).
- Full-year 2022 EPS $8.12 vs $7.19 (+12.9%); FFO $9.67 vs $8.13 (+18.9%); Core FFO $9.79 vs $8.26 (+18.5%).
- Board approved 3.8% quarterly dividend increase; specific per-share amount not disclosed in release.
- Q4 Core FFO slightly below November 2022 outlook ($2.59 actual vs $2.60 projected midpoint).
- Same Store Residential NOI contributed $0.29 per share to Q4 Core FFO growth vs prior year.