Avalonbay communities, inc. announces third quarter 2020 operating results

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 september 30, 2020 was $147,703,000. this resulted in a decrease in earnings per share – diluted (“eps”) for the three months ended september 30, 2020 of 47.5% to $1.05 from $2.00 for the prior year period, primarily attributable to a decrease in gain on sale of real estate, an increase in depreciation expense and
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