AvalonBay Q4 2022 Earnings Report

AvalonBay's Q4 2022 financial performance was reported, highlighted by EPS of $1.72, FFO per share of $2.57, and Core FFO per share of $2.59, along with a 3.8% dividend increase and initial 2023 financial outlook.

Key Takeaways

AvalonBay Communities, Inc. reported a decrease in EPS but an increase in FFO and Core FFO per share for Q4 2022 compared to Q4 2021. Same Store Residential NOI increased by 11.3%. The company also announced a 3.8% dividend increase and provided its initial financial outlook for 2023.

EPS decreased to $1.72 in Q4 2022 from $2.40 in Q4 2021.

FFO per share increased to $2.57 in Q4 2022 from $2.27 in Q4 2021.

Core FFO per share increased to $2.59 in Q4 2022 from $2.27 in Q4 2021.

Same Store Residential NOI increased by 11.3% in Q4 2022 compared to Q4 2021.