NYSE$AVB

AvalonBay Communities Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Net income attributable to common stockholders was reported for the quarter and EPS remained unchanged from the prior year period.

AvalonBay Communities, Inc. reported net income attributable to common stockholders of $170,828,000 for the three months ended June 30, 2020. Earnings per share remained unchanged from the prior year period at $1.21.

  • Net Income Attributable to Common Stockholders for the three months ended June 30, 2020 was $170,828,000.
  • Earnings per Share – diluted (“EPS”) for the three months ended June 30, 2020 remained unchanged from the prior year period at $1.21.
  • Funds from Operations attributable to common stockholders - diluted (“FFO”) per share for the three months ended June 30, 2020 decreased 1.3% to $2.21 from $2.24 for the prior year period.
  • Core FFO per share for the three months ended June 30, 2020 decreased 1.8% to $2.23 from $2.27 for the prior year period.

Headline financials

Total Revenue

$576M

Previous: $577M-0.1%
EPS (adj)

$2.23

Previous: $2.27-1.8%
Total Apartment Homes

86.4K

No prior period
Capital Expenditures

-$435M

Previous: -$761M+42.8%
Free Cash Flow

-$264M

Previous: -$592M+55.4%
Net Income

$171M

Previous: $168M+1.5%
Operating Income

$401M

Previous: $404M-0.6%
Gross Profit

$445M

Previous: $444M+0.2%
Cash & Equivalents

$323M

Previous: $244M+32.5%
Total Assets

$19.4B

Previous: $18.9B+2.2%
Stock-Based Comp

$6.53M

Previous: $8.1M-19.3%

Revenue & EPS history

AvalonBay · Revenue · Quarterly

$576M

Q2 2020-0.1%vs Q2 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

AvalonBay · $497M total across 1 segment · Q1 2021

  • Same Store Residential
    $497M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.1%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.4%

Avg return

30 days after

46%

33 / 72 earnings

Positive

+7.4%

Q2 2022

Best reaction

-6.7%

Q1 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-0.6%-0.4%
Q4 2025-4.6%-0.2%+0.0%
Q3 2025-0.9%-0.1%+3.2%
Q1 2025-0.5%-1.0%-1.5%
Q4 2024-1.1%-2.4%-2.6%
Q3 2024+4.7%+8.1%+5.3%
Q2 2024+3.3%-1.0%+9.5%
Q1 2024+0.1%-0.9%+2.1%
Q4 2023-0.2%-4.7%-0.2%
Q3 2023-0.9%-3.9%+2.4%
Q2 2023+0.9%-0.7%-0.5%
Q1 2023+3.5%+5.9%+0.1%
Q4 2022+0.4%+0.8%-7.9%
Q3 2022-2.3%-5.9%+0.8%
Q2 2022+7.4%+5.2%+6.0%
Q1 2022-2.0%-9.5%-13.7%
Q4 2021+2.3%-0.0%+1.2%
Q3 2021+2.0%+0.3%+2.1%
Q2 2021+0.7%+0.2%-1.2%
Q1 2021-1.9%-1.9%+6.0%
Q4 2020+3.3%+4.1%+6.7%
Q3 2020-2.7%+3.9%+20.0%
Q2 2020+0.6%-0.2%+6.2%
Q1 2020+0.7%-1.3%+8.4%
Q4 2019+0.2%+1.4%-4.4%
Q3 2019-1.9%-1.0%-1.8%
Q2 2019-3.7%-4.9%+0.8%
Q1 2019+1.9%+0.9%+4.6%
Q4 2018+2.3%+2.3%+2.8%
Q3 2018+2.1%-1.0%+8.0%
Q2 2018+2.7%+4.6%+7.0%
Q1 2018-0.2%+0.7%-0.1%
Q4 2017-1.7%-4.7%-7.8%
Q3 2017-0.2%+0.2%+0.2%
Q2 2017-2.2%-1.9%-2.1%
Q1 2017-0.6%+0.9%+1.1%
Q4 2016+1.3%+0.9%+4.5%
Q3 2016-0.6%-0.3%-4.5%
Q2 2016-1.6%+0.2%-5.8%
Q1 2016-1.2%
Q4 2015+1.6%
Q3 2015-2.2%
Q2 2015+0.4%
Q1 2015-0.0%
Q4 2014-2.5%
Q3 2014+0.2%
Q2 2014+1.9%
Q1 2014-0.5%
Q4 2013+3.9%
Q3 2013-4.3%
Q2 2013+0.6%
Q1 2013+0.9%
Q4 2012-5.9%
Q3 2012-0.1%
Q2 2012-0.8%
Q1 2012+0.8%
Q4 2011-1.5%
Q3 2011+0.7%
Q2 2011-3.6%
Q1 2011-0.9%
Q4 2010-0.4%
Q3 2010+2.9%
Q2 2010+1.4%
Q1 2009-6.7%
Q1 2010-6.7%
Q4 2007-0.2%
Q4 2009-0.2%
Q3 2008+5.3%
Q3 2009+5.3%
Q4 2008+5.3%
Q2 2008-5.1%
Q2 2009-5.1%

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