Avalonbay Communities (AVB) Raises Quarterly Dividend 8% to $1.35; 3.2% Yield
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AvalonBay Communities, Inc. Announces 2015 Operating Results, 8.0% Dividend Increase and Initial 2016 Financial Outlook
February 3, 2016 4:17 PM ESTARLINGTON, Va.--(BUSINESS WIRE)-- AvalonBay Communities, Inc. (NYSE: AVB) (the Company) reported today that Funds from Operations attributable to common stockholders - diluted (FFO) per share for the three months ended December 31, 2015 increased 11.9% to $1.97 from $1.76 for the prior year period.
Core FFO per share (as defined in this release) for the three months ended December 31, 2015 increased 14.4% to $1.99 from $1.74 for the prior year period.
Net Income Attributable to Common Stockholders for the three months ended December 31, 2015 was $155,428,000. This resulted in an increase in Earnings per Share diluted (EPS) of 4.6% to $1.13 for the three months ended... More
