Avalonbay communities, inc. announces 2020 operating results and initial 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 december 31, 2020 was $341,128,000. this resulted in an increase in earnings per share – diluted (“eps”) for the three months ended december 31, 2020 of 103.3% to $2.44 from $1.20 for the prior year period, primarily attributable to an increase in gain on sale of real estate and depreciation expense, partially offs
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