AvalonBay Q1 EPS $1.05 (-44% YoY); Core FFO per share $2.57 (+13.7%)

AVALONBAY COMMUNITIES INC

2023-Q1 EPS reported $1.05 revenue$674,708,000

EPS $1.05 vs $1.87 in Q1 2022, down 43.9% due to gain on sale and depreciation adjustments.
FFO per share $2.54, up 13.4% YoY; Core FFO per share $2.57, up 13.7%.
Same Store total revenue rose 9.4% to $629.9M; residential rental revenue up 9.5% to $622.4M.
Results modestly above February 2023 outlook: Core FFO per share beat mid-point by $0.05.
Same Store Residential NOI contributed $0.30 per share increase vs Q1 2022.

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 first quarter 2023 results: EPS $ 1.05.

Period: first quarter 2023
EPS: $ 1.05
Result: reported results

Exact text from the filing

On April 26, 2023 , AvalonBay Communities, Inc. issued a press release announcing its first quarter 2023 operating results.

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AVALONBAY COMMUNITIES INC filing history →

Source: SEC EDGAR

accession 0001628280-23-013351

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