Avalonbay communities, inc. provides second quarter 2023 operating update and publishes investor presentation

Arlington, va.--(business wire)--avalonbay communities, inc. (nyse: avb) (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 co.
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