Articles from AvalonBay Communities, Inc.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) reported Earnings per Share – diluted (“EPS”), Funds from Operations attributable to common stockholders - diluted (“FFO”) per share and Core FFO per share (as defined in this release) for the three months and year ended December 31, 2024 and 2023 as detailed below.

AvalonBay Communities, Inc. (the “Company”) (NYSEAVB) announced today the final income allocations of the Company’s 2024 dividend distributions on its Common Stock. The final dividend allocations as they will be reported on Form 1099-DIV are set forth in the following table:

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) will release its fourth quarter 2024 earnings on February 5, 2025 after the market close. The Company will hold a conference call on February 6, 2025 at 1:00 PM Eastern Time (ET) to discuss its fourth quarter 2024 results.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the fourth quarter of 2024. The Common Stock dividend is $1.70 per share and is payable January 15, 2025, to all Common Stockholders of Record as of December 31, 2024.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) announced that it has been named the Regional Sector Leader for Americas Residential in the 2024 GRESB Development Benchmark, earning a score of 96 out of 100. The annual GRESB Sector Leader Awards recognize real estate and infrastructure companies, funds, and assets that demonstrate outstanding leadership in sustainability.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) reported Earnings per Share – diluted (“EPS”), Funds from Operations attributable to common stockholders - diluted (“FFO”) per share and Core FFO per share (as defined in this release) for the three and nine months ended September 30, 2024 and 2023 as detailed below.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) will release its third quarter 2024 earnings on November 4, 2024 after the market close. The Company will hold a conference call on November 5, 2024 at 11:00 AM Eastern Time (ET) to discuss its third quarter 2024 results.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the third quarter of 2024. The Common Stock dividend is $1.70 per share and is payable October 15, 2024, to all Common Stockholders of Record as of September 30, 2024.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that Benjamin W. Schall, the Company’s CEO and President, and select members of the Company’s management team will be participating in a roundtable discussion at Bank of America’s Global Real Estate Conference on Tuesday, September 10, 2024, at 10:20 A.M. Eastern Time. During this event, management may discuss the Company's current operating environment and trends; development, redevelopment, disposition and acquisition activity; portfolio strategy and other business and financial matters affecting the Company.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that it has priced an underwritten public offering of 3,200,000 shares of common stock, all of which are being offered in connection with the forward sale agreements described below, for expected gross proceeds of approximately $710.4 million.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that it is commencing an underwritten public offering of 3,200,000 shares of common stock in connection with the forward sale agreements described below. Goldman Sachs & Co. LLC, BofA Securities, Deutsche Bank Securities Inc. and Morgan Stanley are acting as joint book-running managers for the offering. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 480,000 shares of common stock.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) today provided an update on certain third quarter Same Store Residential operating metrics.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) reported Earnings per Share – diluted (“EPS”), Funds from Operations attributable to common stockholders - diluted (“FFO”) per share and Core FFO per share (as defined in this release) for the three and six months ended June 30, 2024 and 2023 as detailed below.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced the release of its thirteenth annual Environmental, Social and Governance (ESG) Report, summarizing the Company’s corporate sustainability accomplishments and activities for calendar year 2023 and highlighting progress towards its long-term ESG goals.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) will release its second quarter 2024 earnings on July 31, 2024 after the market close. The Company will hold a conference call on August 1, 2024 at 1:00 PM Eastern Time (ET) to discuss its second quarter 2024 results.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that Pamela R. Thomas will join AvalonBay as Executive Vice President, Portfolio and Asset Management. In this newly created position, Ms. Thomas will lead the Company’s portfolio and asset management organization; determine and gain alignment within the organization on key priorities for driving portfolio performance; and set capital plans across the portfolio to achieve performance objectives.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that the Company will be participating in Nareit’s REITweek Conference from June 3 – 6, 2024. During this event, management may discuss the Company's current operating environment and trends; development, redevelopment, disposition and acquisition activity; portfolio strategy and other business and financial matters affecting the Company.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the second quarter of 2024. The Common Stock dividend is $1.70 per share and is payable July 15, 2024, to all Common Stockholders of Record as of June 28, 2024.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that it priced an underwritten public offering of $400 million of 5.350% senior unsecured notes due 2034 (the “Notes”). The offering is expected to close on May 14, 2024, subject to the satisfaction of customary closing conditions.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) reported Earnings per Share – diluted (“EPS”), Funds from Operations attributable to common stockholders - diluted (“FFO”) per share and Core FFO per share (as defined in this release) for the three months ended March 31, 2024 and 2023 as detailed below.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) will release its first quarter 2024 earnings on April 25, 2024 after the market close. The Company will hold a conference call on April 26, 2024 at 11:00 AM Eastern Time (ET) to discuss its first quarter 2024 results.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that Benjamin W. Schall, the Company’s CEO and President, and select members of the Company’s management team will be participating in a roundtable discussion at the 2024 Citi Global Property CEO Conference on Monday, March 4, 2024, at 11:00 A.M. Eastern Time. During this event, management may discuss the Company's current operating environment and trends; development, redevelopment, disposition and acquisition activity; portfolio strategy and other business and financial matters affecting the Company.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) reported Earnings per Share – diluted (“EPS”), Funds from Operations attributable to common stockholders - diluted (“FFO”) per share and Core FFO per share (as defined in this release) for the three months and year ended December 31, 2023 and 2022 as detailed below.

AvalonBay Communities, Inc. (the “Company”) (NYSEAVB) announced today the naming of Alaine Walsh as Executive Vice President – Human Capital and Administration and the retirement and associated succession plans for two long-tenured finance officers.

AvalonBay Communities, Inc. (the “Company”) (NYSEAVB) announced today the final income allocations of the Company’s 2023 dividend distributions on its Common Stock. The final dividend allocations as they will be reported on Form 1099-DIV are set forth in the following table:

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) will release its fourth quarter 2023 earnings on January 31, 2024 after the market close. The Company will hold a conference call on February 1, 2024 at 1:00 PM Eastern Time (ET) to discuss its fourth quarter 2023 results.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that it priced an underwritten public offering of $400 million of 5.300% senior unsecured notes due 2033 (the “Notes”). The offering is expected to close on December 7, 2023, subject to the satisfaction of customary closing conditions.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that it will host an Investor Day on Tuesday, November 28, 2023, in Washington, D.C. In-person attendance is by invitation only to institutional investors and analysts, and a live webcast will be provided.

AvalonBay Communities, Inc. (NYSEAVB) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the fourth quarter of 2023. The Common Stock dividend is $1.65 per share and is payable January 16, 2024, to all Common Stockholders of Record as of December 29, 2023.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) reported Earnings per Share – diluted (“EPS”), Funds from Operations attributable to common stockholders - diluted (“FFO”) per share and Core FFO per share (as defined in this release) for the three and nine months ended September 30, 2023 and 2022 as detailed below.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) will release its third quarter 2023 earnings on October 25, 2023 after the market close. The Company will hold a conference call on October 26, 2023 at 1:00 PM Eastern Time (ET) to discuss its third quarter 2023 results.

AvalonBay Communities, Inc. (NYSEAVB) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the third quarter of 2023. The Common Stock dividend is $1.65 per share and is payable October 16, 2023, to all Common Stockholders of Record as of September 29, 2023.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that Benjamin W. Schall, the Company’s CEO and President, will participate in a roundtable discussion at the Bank of America Global Real Estate Conference on Wednesday, September 13, 2023, at 11:05 A.M. Eastern Time. During this discussion, Mr. Schall may discuss the Company's current operating environment; operating trends; development, redevelopment, disposition and acquisition activity; portfolio strategy and other business and financial matters affecting the Company.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that Same Store Residential rental revenue for the two months ended August 31, 2023, increased 5.3% over the prior year period. This is approximately 40 basis points above what the Company's expectation was for Same Store Residential rental revenue growth for this two-month period when the Company published its updated outlook for full year 2023 Same Store Residential rental revenue growth on July 31, 2023.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) reported Earnings per Share – diluted (“EPS”), Funds from Operations attributable to common stockholders - diluted (“FFO”) per share and Core FFO per share (as defined in this release) for the three and six months ended June 30, 2023 and 2022 as detailed below.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) announced the release of its twelfth annual Environmental, Social and Governance (ESG) Report, summarizing the Company’s ESG accomplishments and activities for calendar year 2022 and highlighting progress towards its long-term ESG goals.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) will release its second quarter 2023 earnings on July 31, 2023 after the market close. The Company will hold a conference call on August 1, 2023 at 1:00 PM Eastern Time (ET) to discuss its second quarter 2023 results.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that Same Store Residential rental revenue for the two months ended May 31, 2023, increased 6.5% over the prior year period. This is approximately 80 basis points above what the Company's expectation was for Same Store Residential rental revenue growth for this two-month period when the Company published its updated projected EPS (diluted), Projected FFO per share (diluted), and Projected Core FFO per share (diluted) for the full year 2023 on April 26, 2023.

AvalonBay Communities, Inc. (NYSEAVB) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the second quarter of 2023. The Common Stock dividend is $1.65 per share and is payable July 17, 2023, to all Common Stockholders of Record as of June 30, 2023.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) reported Earnings per Share – diluted (“EPS”), Funds from Operations attributable to common stockholders - diluted (“FFO”) per share and Core FFO per share (as defined in this release) for the three months ended March 31, 2023 and 2022 as detailed below.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) will release its first quarter 2023 earnings on April 26, 2023 after the market close. The Company will hold a conference call on April 27, 2023 at 1:00 PM Eastern Time (ET) to discuss its first quarter 2023 results.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that Same Store Residential rental revenue for the two months ended February 28, 2023, increased 10.5% over the prior year period. This is consistent with the Company’s expectation for Same Store Residential rental revenue growth for this two-month period when the Company published its outlook for full year 2023 Same Store Residential rental revenue growth on February 8, 2023.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) announced today that its 2023 Annual Meeting of Stockholders will be held on Wednesday, May 24, 2023, at 10:00 A.M. Eastern Time. Stockholders of record of the Company’s Common Stock as of the close of business on March 27, 2023 are entitled to vote at and virtually attend the Annual Meeting. The meeting will be held in a virtual meeting format via audio webcast only. Stockholders will not be able to attend the Annual Meeting physically but will be able to vote and submit questions online before and during the meeting.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) reported Earnings per Share – diluted (“EPS”), Funds from Operations attributable to common stockholders - diluted (“FFO”) per share and Core FFO per share (as defined in this release) for the three months ended December 31, 2022 and 2021 as detailed below.

AvalonBay Communities, Inc. (the “Company”) (NYSEAVB) announced today the final income allocations of the Company’s 2022 dividend distributions on its Common Stock. The final dividend allocations as they will be reported on Form 1099-DIV are set forth in the following table:

AVALONBAY COMMUNITIES, INC. (NYSEAVB) will release its fourth quarter 2022 earnings on February 8, 2023 after the market close. The Company will hold a conference call on February 9, 2023 at 1:00 PM Eastern Time (ET) to discuss its fourth quarter 2022 results.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that it completed an underwritten public offering of $350 million aggregate principal amount of senior unsecured notes due 2033 (the “Notes”). Details of the offering are set forth in the table below:

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that it was named the 2022 Leader in the Light Award recipient for the residential sector for the seventh time by the National Association of Real Estate Investment Trusts (Nareit). The Company also received the award in 2021, 2020, 2019, 2015, 2013 and 2012.

AvalonBay Communities, Inc. (NYSEAVB) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the fourth quarter of 2022. The Common Stock dividend is $1.59 per share and is payable January 17, 2023, to all Common Stockholders of Record as of December 30, 2022.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) reported today that Net Income Attributable to Common Stockholders for the three months ended September 30, 2022 was $494,747,000. This resulted in an increase in Earnings per Share – diluted (“EPS”) for the three months ended September 30, 2022 of 530.4% to $3.53 from $0.56 for the prior year period, primarily attributable to an increase in gain on sale of real estate and an increase in Same Store Residential NOI, as detailed in the table below.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”), a leading developer, manager and owner of apartment communities in the United States, today announced that it has been named the top-performing multifamily company among its peers as both a Global and a Regional Sector Leader by the Global Real Estate Sustainability Benchmark (GRESB) in its 2022 Real Estate Assessment. For the second time, AvalonBay also earned a 5-Star Rating, the highest achievement level recognized by GRESB.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that Chaz Mueller has been appointed to the Board of Directors effective November 1, 2022. Mr. Mueller will serve as an independent director of the Company.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) will release its third quarter 2022 earnings on November 3, 2022 after the market close. The Company will hold a conference call on November 4, 2022 at 11:00 AM Eastern Time (ET) to discuss its third quarter 2022 results.

AvalonBay Communities, Inc. (NYSEAVB) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the third quarter of 2022. The Common Stock dividend is $1.59 per share and is payable October 17, 2022, to all Common Stockholders of Record as of September 30, 2022.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) reported today that Net Income Attributable to Common Stockholders for the three months ended June 30, 2022 was $138,691,000. This resulted in a decrease in Earnings per Share – diluted (“EPS”) for the three months ended June 30, 2022 of 69.2% to $0.99 from $3.21 for the prior year period, primarily attributable to a decrease in gain on sale of real estate, partially offset by an increase in Same Store Residential NOI, as detailed in the table below.

AvalonBay Communities, Inc. (NYSEAVB) announced the release of its eleventh annual Environmental, Social and Governance (ESG) Report, summarizing the Company’s ESG accomplishments and activities for calendar year 2021 and highlighting progress towards its long-term ESG goals.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) will release its second quarter 2022 earnings on July 27, 2022 after the market close. The Company will hold a conference call on July 28, 2022 at 1:00 PM Eastern Time (ET) to discuss its second quarter 2022 results.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that Same Store Residential rental revenue for the two months ended May 31, 2022, increased 13.0% over the prior year period. This is approximately 190 basis points above what the Company’s expectation was for Same Store Residential rental revenue growth for this two-month period when the Company published its most recent outlook for full year 2022 Same Store Residential rental revenue growth on April 27, 2022. This outperformance is attributable to (i) favorable underlying resident uncollectible lease revenue, (ii) the recognition of higher-than-expected delinquent rent payments from COVID rental assistance programs, and (iii) better-than-expected occupancy and effective lease rates.

AvalonBay Communities, Inc. (NYSEAVB) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the second quarter of 2022. The Common Stock dividend is $1.59 per share and is payable July 15, 2022, to all Common Stockholders of Record as of June 30, 2022.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) reported today that Net Income Attributable to Common Stockholders for the three months ended March 31, 2022 was $262,044,000. This resulted in an increase in Earnings per Share – diluted (“EPS”) for the three months ended March 31, 2022 of 83.3% to $1.87 from $1.02 for the prior year period, primarily attributable to an increase in gain on sale of real estate and an increase in Same Store Residential NOI, as detailed in the table below.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) will release its first quarter 2022 earnings on April 27, 2022 after the market close. The Company will hold a conference call on April 28, 2022 at 1:00 PM Eastern Time (ET) to discuss its first quarter 2022 results.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that it has priced an underwritten public offering of 2,000,000 shares of common stock, all of which are being offered in connection with the forward sale agreements described below, for expected gross proceeds of approximately $497.2 million.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that it is commencing an underwritten public offering of 2,000,000 shares of common stock in connection with the forward sale agreements described below.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that it established a $500 million unsecured commercial paper note program in the United States.

AvalonBay Communities, Inc. (NYSEAVB) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the first quarter of 2022. The Common Stock dividend is $1.59 per share and is payable April 15, 2022, to all Common Stockholders of Record as of March 31, 2022.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) announced today that its 2022 Annual Meeting of Stockholders will be held on Thursday, May 19, 2022, at 10:00 A.M. Eastern Daylight Time. Stockholders of record of the Company's Common Stock as of the close of business on March 24, 2022 are entitled to vote at and virtually attend the Annual Meeting. The meeting will be held in a virtual meeting format via audio webcast only. Stockholders will not be able to attend the Annual Meeting physically but will be able to vote and submit questions online before and during the meeting.

AvalonBay Communities, Inc. (NYSEAVB) (the “Company”) reported today that Net Income Attributable to Common Stockholders for the three months ended December 31, 2021 was $335,209,000. This resulted in a decrease in Earnings per Share – diluted (“EPS”) for the three months ended December 31, 2021 of 1.6% to $2.40 from $2.44 for the prior year period, primarily attributable to a decrease in gain on sale of real estate and an increase in depreciation expense, as detailed in the table below.

AVALONBAY COMMUNITIES, INC. (NYSEAVB), a leading multifamily real estate investment trust, proudly announced that it received a score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. AvalonBay is the only publicly traded multifamily REIT on the list and joins the ranks of over 840 major U.S. businesses that also earned top marks this year.

AvalonBay Communities, Inc. (the “Company”) (NYSEAVB) announced today the final income allocations of the Company’s 2021 dividend distributions on its Common Stock. The final dividend allocations as they will be reported on Form 1099-DIV are set forth in the following table:

AVALONBAY COMMUNITIES, INC. (NYSEAVB) will release its fourth quarter 2021 earnings on February 2, 2022 after the market close. The Company will hold a conference call on February 3, 2022 at 1:00 PM Eastern Time (ET) to discuss its fourth quarter 2021 results.

AVALONBAY COMMUNITIES, INC. (NYSEAVB), a leading multifamily real estate investment trust, announced today that it has been named to Newsweek’s 2022 list of America’s Most Responsible Companies for the third consecutive year. AvalonBay was ranked #1 among multi-family REITs, #5 in the overall Real Estate & Housing category, and #90 of 500 companies overall. AvalonBay’s position in the top 100 is up 32 spots compared to 2021.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) — AvalonBay Communities Inc. [NYSE: AVB] has been recognized for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that Benjamin W. Schall, the Company’s current President and a director, has been appointed to the additional role of Chief Executive Officer effective January 3, 2022, reporting directly to the Board. Concurrently, Timothy J. Naughton, the Company’s current Chairman of the Board and Chief Executive Officer, will retire as the Company’s Chief Executive Officer and assume the role of Executive Chairman of the Board. These appointments are consistent with the expectations previously announced by the Company in December 2020 as part of its leadership succession plan.

AVALONBAY COMMUNITIES, INC. (NYSEAVB) (the “Company”) announced today that on November 18, 2021 it completed an underwritten public offering of $400 million aggregate principal amount of 1.900% senior notes due 2028 (the “2028 Notes”). Details of the offering are set forth in the table below:

AvalonBay Communities, Inc. (NYSEAVB) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the fourth quarter of 2021. The Common Stock dividend is $1.59 per share and is payable January 18, 2022 to all Common Stockholders of Record as of December 31, 2021.