Avalonbay communities, inc. announces second quarter 2021 operating results and third quarter and full year 2021 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, 2021 was $447,953,000. this resulted in an increase in earnings per share – diluted (“eps”) for the three months ended june 30, 2021 of 165.3% to $3.21 from $1.21 for the prior year period, primarily attributable to an increase in gain on sale of real estate, as detailed in the table below. funds from oper
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