AvalonBay Communities enters forward sale for 3.68M shares at $219.73 each

AVALONBAY COMMUNITIES INC

Agreement with Goldman Sachs, BofA, Deutsche Bank, Morgan Stanley to sell 3.2M shares; option for 480K shares exercised in full.
Initial forward price $219.73/share; physical settlement expected by Dec 31, 2025.
No immediate proceeds; net proceeds from settlement to fund land acquisitions, development, redevelopment, acquisitions, structured investments, and working capital.
Offering closed on Sept 9, 2024 under effective shelf registration statement.

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