AvalonBay Q2 EPS $2.59 beats outlook; Core FFO per share up 9.5% YoY

AVALONBAY COMMUNITIES INC

2023-Q2 EPS reported $3.65 revenue$1,365,569,000

Q2 2023 EPS $2.59 vs $0.99 YoY (+161.6%); beat April outlook mid-point of $2.53.
Core FFO per share $2.66 vs $2.43 YoY (+9.5%); FFO per share $2.67 vs $2.41 (+10.8%).
Same Store Residential NOI added $0.16 to EPS; favorable uncollectible lease revenue added $0.03.
YTD 2023 EPS $3.65 vs $2.86 (+27.6%); Core FFO $5.23 vs $4.69 (+11.5%).
No updated FY 2023 guidance provided in this filing; outlook details may follow separately.

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 0.95

AVALONBAY COMMUNITIES INC reported six months ended June 30, 2023 results: EPS $3.65.

Period: six months ended June 30, 2023
EPS: $3.65
Result: reported results

Exact text from the filing

YTD 2023 YTD 2022 % Change EPS $ 3.65 $ 2.86 27.6 %

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Source: SEC EDGAR

accession 0000915912-23-000012

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