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AvalonBay Communities Announces 2022 Dividend Income Tax Treatment
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
dividends
Rhea-AI Summary
AvalonBay Communities, Inc. (NYSE: AVB) has announced the final income allocations for its 2022 dividend distributions on common stock. The total distribution per share is $6.36, consisting of $5.22 as ordinary taxable dividends, $0.00 return of capital, $0.97 as long-term capital gains, and $0.17 as unrecaptured Section 1250 gain. The dividends were declared throughout 2022, with payment dates extending from April 15, 2022, to January 17, 2023. Investors are advised to consult tax advisors regarding the tax implications of these distributions.
Positive
Total dividend distribution of $6.36 per share for 2022.
Consistent dividend payments may reflect strong cash flow management.
Negative
None.
ARLINGTON, Va.--(BUSINESS WIRE)--
AvalonBay Communities, Inc. (the “Company”) (NYSE: AVB)announced today the final income allocations of the Company’s 2022 dividend distributions on its Common Stock. The final dividend allocations as they will be reported on Form 1099-DIV are set forth in the following table:
Common Shares (CUSIP #053484101)
Declaration Date
Record Date
Payment Date
Distribution Per Share
Ordinary Taxable Dividend (1)
Return of Capital
Long-Term Capital Gain (2)(3)
Unrecap. Section 1250 Gain (2)
02/17/22
03/31/22
04/15/22
$
1.59000
$
1.30458
$
0.00000
$
0.24180
$
0.04363
05/19/22
06/30/22
07/15/22
1.59000
1.30458
0.00000
0.24180
0.04363
09/15/22
09/30/22
10/17/22
1.59000
1.30458
0.00000
0.24180
0.04363
11/10/22
12/30/22
01/17/23
1.59000
1.30458
0.00000
0.24180
0.04363
Totals
$
6.36000
$
5.21832
$
0.00000
$
0.96718
$
0.17450
100%
82%
0%
15%
3%
Components may not sum to the totals due to rounding differences. The information above presents final dividend allocations.
(1) $1.30458 of each quarterly dividend classified as taxable ordinary dividend is treated as qualified REIT dividends for purposes of Internal Revenue Code (IRC) Section 199A.
(2) $0.24180 of each quarterly dividend classified as Long-Term Capital Gain and $0.04363 of each quarterly dividend classified as Unrecaptured Section 1250 Gain dividends are treated as a Disposition of investment in United States Real Property for purposes of Internal Revenue Code (IRC) Section 897.
(3) For each quarterly dividend classified as Long-Term Capital Gain, the One Year Amounts Disclosure is $0.03571, the Three Year Amounts Disclosure is $0.03571, and 0.20609 is Section 1231 gain for purposes of Internal Revenue Code (IRC) Section 1061. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests.”
Please consult your tax advisor.
About AvalonBay Communities, Inc.
As of September 30, 2022, the Company owned or held a direct or indirect ownership interest in 293 apartment communities containing 88,405 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion markets of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. More information may be found on the Company’s website at http://www.avalonbay.com.
Jason Reilley Vice President
Investor Relations
AvalonBay Communities, Inc. 703-317-4681
Source: AvalonBay Communities, Inc.
FAQ
What is the total dividend distribution for AvalonBay Communities in 2022?
The total dividend distribution for AvalonBay Communities in 2022 is $6.36 per share.
What are the payment dates for AvalonBay Communities' 2022 dividends?
The payment dates for AvalonBay Communities' 2022 dividends range from April 15, 2022, to January 17, 2023.
How much of AvalonBay's dividend is classified as ordinary taxable dividends?
For 2022, $5.22 of the total dividend is classified as ordinary taxable dividends.
What are the tax implications of AvalonBay Communities' dividends?
Investors are advised to consult tax advisors for the tax implications of AvalonBay Communities' dividends, which include ordinary taxable dividends and long-term capital gains.
