secwatch.observer — SEC 8-K summary
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Issuer:     AVALONBAY COMMUNITIES INC (AVB)
CIK:        0000915912
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001628280-23-013351
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915912/000162828023013351/0001628280-23-013351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915912/000162828023013351/avb-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-013351

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