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Mar 31, 2023
AvalonBay Q1 2023 Earnings Report
AvalonBay's Q1 2023 performance saw a decrease in EPS but an increase in FFO and Core FFO, driven by strong same-store revenue growth and development activities.
Key Takeaways
AvalonBay Communities, Inc. reported a decrease in Earnings per Share (EPS) but an increase in Funds from Operations (FFO) per share and Core FFO per share for the first quarter of 2023. Same Store total revenue increased, driven by residential rental revenue growth.
EPS decreased by 43.9% compared to Q1 2022.
FFO per share increased by 13.4% compared to Q1 2022.
Core FFO per share increased by 13.7% compared to Q1 2022.
Same Store total revenue increased by 9.4% compared to the prior year period.
Revenue by Geographic Location
Forward Guidance
The Company expects EPS to be between $2.48 and $2.58, FFO per share to be between $2.52 and $2.62, and Core FFO per share to be between $2.54 and $2.64 for the second quarter of 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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