secwatch.observer — SEC 8-K summary
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Issuer:     AVALONBAY COMMUNITIES INC (AVB)
CIK:        0000915912
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000915912-24-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AvalonBay Q1 2024 EPS $1.22 beats $1.11 outlook; Core FPO per share $2.70 (+5.1% YoY)
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- EPS $1.22, up 16.2% YoY from $1.05; Core FFO $2.70 beat January mid-point outlook of $2.61.
- Same Store Residential revenue $669M (+4.2% YoY); Same Store NOI $463.7M (+3.7%).
- Same Store Residential operating expenses rose 5.2% to $205.5M, pressuring margins.
- FFO per share $2.73 (+7.5% YoY); Core FFO $2.70 (+5.1%); both exceeded guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915912/000091591224000009/0000915912-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915912/000091591224000009/avb-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000915912-24-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer