Jun 30, 2020

AvalonBay Q2 2020 Earnings Report

Net income attributable to common stockholders was reported for the quarter and EPS remained unchanged from the prior year period.

Key Takeaways

AvalonBay Communities, Inc. reported net income attributable to common stockholders of $170,828,000 for the three months ended June 30, 2020. Earnings per share remained unchanged from the prior year period at $1.21.

Net Income Attributable to Common Stockholders for the three months ended June 30, 2020 was $170,828,000.

Earnings per Share – diluted (“EPS”) for the three months ended June 30, 2020 remained unchanged from the prior year period at $1.21.

Funds from Operations attributable to common stockholders - diluted (“FFO”) per share for the three months ended June 30, 2020 decreased 1.3% to $2.21 from $2.24 for the prior year period.

Core FFO per share for the three months ended June 30, 2020 decreased 1.8% to $2.23 from $2.27 for the prior year period.

Total Revenue
$524M
Previous year: $577M
-9.3%
EPS
$2.23
Previous year: $2.27
-1.8%
Total Apartment Homes
86.38K
Gross Profit
$378M
Previous year: $382M
-1.0%
Cash and Equivalents
$416M
Previous year: $244M
+70.7%
Total Assets
$19.4B
Previous year: $18.9B
+2.2%

AvalonBay

AvalonBay

AvalonBay Revenue by Geographic Location

Revenue & Expenses

Visualization of income flow from segment revenue to net income