NYSE$AVB

AvalonBay Communities Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

AvalonBay's financial performance for Q2 2021 was announced, with EPS increasing significantly due to gains from real estate sales, while FFO per share decreased compared to the prior year period.

AvalonBay Communities, Inc. reported a Net Income Attributable to Common Stockholders of $447,953,000 for the three months ended June 30, 2021. EPS increased to $3.21, while FFO per share decreased to $1.97 and Core FFO per share decreased to $1.98.

  • EPS increased 165.3% to $3.21 compared to the prior year period.
  • FFO per share decreased 10.9% to $1.97 compared to the prior year period.
  • Core FFO per share decreased 11.2% to $1.98 compared to the prior year period.
  • Same Store total revenue decreased 4.2% to $500,641,000.

Headline financials

Total Revenue

$562M

Previous: $576M-2.5%
EPS (adj)

$1.98

Previous: $2.23-11.2%
Capital Expenditures

-$501M

Previous: -$435M-15.3%
Free Cash Flow

-$53.4M

Previous: -$264M+79.8%
Net Income

$448M

Previous: $171M+162.2%
Operating Income

$369M

Previous: $401M-8.1%
Gross Profit

$420M

Previous: $445M-5.7%
Cash & Equivalents

$297M

Previous: $323M-8.0%
Total Assets

$19.3B

Previous: $19.4B-0.2%
Stock-Based Comp

$7.8M

Previous: $6.53M+19.5%

Revenue & EPS history

AvalonBay · Revenue · Quarterly

$562M

Q2 2021-2.5%vs Q2 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

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

  • Same Store Residential
    $497M

Forward guidance

The Company expects the following for its third quarter and full year 2021 financial outlook:

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 2021

Historical avgQ2 2021

-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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