Sep 30, 2020

AvalonBay Q3 2020 Earnings Report

AvalonBay reported a decrease in EPS, FFO per share, and Core FFO per share for the three months ended September 30, 2020.

Key Takeaways

AvalonBay Communities, Inc. reported a decrease in Net Income Attributable to Common Stockholders for the three months ended September 30, 2020. EPS, FFO per share and Core FFO per share also decreased compared to the prior year period.

Net Income Attributable to Common Stockholders decreased to $147,703,000.

Earnings per Share (EPS) decreased 47.5% to $1.05.

Funds from Operations (FFO) per share decreased 9.8% to $2.03.

Core FFO per share decreased 12.0% to $2.06.

Total Revenue
$567M
Previous year: $588M
-3.4%
EPS
$2.06
Previous year: $2.34
-12.0%
Total Communities
294
Total Apartment Homes
86.68K
Gross Profit
$355M
Previous year: $390M
-9.0%
Cash and Equivalents
$87.5M
Previous year: $246M
-64.5%
Total Assets
$19.1B
Previous year: $19.1B
+0.4%

AvalonBay

AvalonBay

AvalonBay Revenue by Geographic Location

Revenue & Expenses

Visualization of income flow from segment revenue to net income