secwatch.observer — SEC 8-K summary
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Issuer:     AVALONBAY COMMUNITIES INC (AVB)
CIK:        0000915912
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0000915912-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AvalonBay Q3 EPS $2.61, FFO $2.88, Core FFO $2.74; raises FY 2024 outlook
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- Q3 2024 EPS of $2.61, up 115.7% YoY; FFO per share $2.88 (+16.1%); Core FFO per share $2.74 (+3.0%).
- Same Store Residential NOI contributed $0.06 per share YoY increase; other Residential NOI added $0.11.
- Non-core items drove a $0.32 per share EPS benefit in Q3; real estate gains and depreciation added $1.00.
- Company raised full-year 2024 outlook; Q3 Core FFO beat July midpoint of $2.71 by $0.03.
- YTD 2024 Core FFO per share $8.21 vs. $7.89 YoY, up 4.1%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915912/000091591224000019/0000915912-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915912/000091591224000019/avb-20241104.htm
  HTML page:      https://secwatch.observer/filing/0000915912-24-000019

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