---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-013351"
form_type: "8-K"
ticker: "AVB"
cik: "0000915912"
company_name: "AVALONBAY COMMUNITIES INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:54:57.063695+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-013351
- form_type: 8-K
- ticker: AVB
- cik: 0000915912
- company_name: AVALONBAY COMMUNITIES INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915912/000162828023013351/0001628280-23-013351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915912/000162828023013351/avb-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-013351
- JSON: https://secwatch.observer/filing/0001628280-23-013351.json
- Plain text: https://secwatch.observer/filing/0001628280-23-013351.txt

## Key facts
- Earnings Releases
  AVALONBAY COMMUNITIES INC reported first quarter 2023 results: EPS $ 1.05.
  - Period: first quarter 2023
  - EPS: $ 1.05
  - Result: reported results
  source text: On April 26, 2023 , AvalonBay Communities, Inc. issued a press release announcing its first quarter 2023 operating results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/915912/000162828023013351/0001628280-23-013351-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.