Dec 31, 2020

AvalonBay Q4 2020 Earnings Report

AvalonBay reported an increase in net income and EPS, but a decrease in FFO and Core FFO for Q4 2020.

Key Takeaways

AvalonBay Communities, Inc. reported Net Income Attributable to Common Stockholders for the three months ended December 31, 2020 was $341,128,000. Earnings per Share – diluted (“EPS”) increased for the three months ended December 31, 2020 of 103.3% to $2.44. Funds from Operations attributable to common stockholders - diluted (“FFO”) per share for the three months ended December 31, 2020 decreased 18.9% to $1.93. Core FFO per share for the three months ended December 31, 2020 decreased 16.9% to $2.02.

Net Income Attributable to Common Stockholders was $341,128,000.

EPS increased 103.3% to $2.44.

FFO per share decreased 18.9% to $1.93.

Core FFO per share decreased 16.9% to $2.02.

Total Revenue
$556M
Previous year: $594M
-6.4%
EPS
$2.02
Previous year: $2.43
-16.9%
Gross Profit
$343M
Previous year: $403M
-15.0%
Cash and Equivalents
$314M
Previous year: $128M
+145.7%
Total Assets
$19.2B
Previous year: $19.1B
+0.4%

AvalonBay

AvalonBay

AvalonBay Revenue by Geographic Location

Forward Guidance

The Company provides financial outlook for 2021.

Revenue & Expenses

Visualization of income flow from segment revenue to net income