Avalonbay communities, inc. announces second quarter 2022 operating results and third quarter and full year 2022 financial outlook

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