Dec 31, 2019

AvalonBay Q4 2019 Earnings Report

Net income decreased and core FFO per share increased.

Key Takeaways

Net Income Attributable to Common Stockholders for the three months ended December 31, 2019 was $167,650,000. Core FFO per share for the three months ended December 31, 2019 increased 5.2% to $2.43 from $2.31 for the prior year period.

Net Income Attributable to Common Stockholders was $167,650,000.

EPS decreased 57.0% to $1.20 from $2.79 for the prior year period.

FFO per share increased 9.7% to $2.38 from $2.17 for the prior year period.

Core FFO per share increased 5.2% to $2.43 from $2.31 for the prior year period.

Total Revenue
$594M
Previous year: $579M
+2.6%
EPS
$2.43
Previous year: $2.31
+5.2%
Total Communities
297
Total Apartment Homes
86.85K
Gross Profit
$403M
Previous year: $389M
+3.8%
Cash and Equivalents
$128M
Previous year: $91.7M
+39.2%
Total Assets
$19.1B
Previous year: $18.4B
+4.0%

AvalonBay

AvalonBay

AvalonBay Revenue by Geographic Location

Forward Guidance

For its full year 2020 financial outlook, the Company expects Projected EPS between $5.89-$6.29, Projected FFO per share between $9.46-$9.86 and Projected Core FFO per share between $9.62-$10.02.

Revenue & Expenses

Visualization of income flow from segment revenue to net income