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Jun 30, 2021
AvalonBay Q2 2021 Earnings Report
AvalonBay's financial performance for Q2 2021 was announced, with EPS increasing significantly due to gains from real estate sales, while FFO per share decreased compared to the prior year period.
Key Takeaways
AvalonBay Communities, Inc. reported a Net Income Attributable to Common Stockholders of $447,953,000 for the three months ended June 30, 2021. EPS increased to $3.21, while FFO per share decreased to $1.97 and Core FFO per share decreased to $1.98.
EPS increased 165.3% to $3.21 compared to the prior year period.
FFO per share decreased 10.9% to $1.97 compared to the prior year period.
Core FFO per share decreased 11.2% to $1.98 compared to the prior year period.
Same Store total revenue decreased 4.2% to $500,641,000.
AvalonBay
AvalonBay
AvalonBay Revenue by Geographic Location
Revenue by Geographic Location
New England Revenue
CapyFin.comMetro NY/NJ Revenue
CapyFin.comMid-Atlantic Revenue
CapyFin.comSoutheast FL Revenue
CapyFin.comDenver, CO Revenue
CapyFin.comPacific NW Revenue
CapyFin.comNo. California Revenue
CapyFin.comSo. California Revenue
CapyFin.com Forward Guidance
The Company expects the following for its third quarter and full year 2021 financial outlook:
Revenue & Expenses
Visualization of income flow from segment revenue to net income