AvalonBay Communities, Inc. Declares Fourth Quarter 2021 Dividends

Rhea-AI Summary

AvalonBay Communities, Inc. (NYSE: AVB) has declared a cash dividend of $1.59 per share for Q4 2021, payable on January 18, 2022 to stockholders of record as of December 31, 2021. As of September 30, 2021, the company owns interests in 293 apartment communities with 87,416 apartment homes across 13 states and the District of Columbia. The company focuses on developing and managing apartment communities in key metropolitan areas, including New England and the Mid-Atlantic.

Positive

• Declared a quarterly dividend of $1.59 per share, reflecting income for shareholders.
• Strong portfolio with 293 apartment communities, enhancing company confidence.

Negative

• None.

ARLINGTON, Va.--(BUSINESS WIRE)-- AvalonBay Communities, Inc. (NYSE: AVB) announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock (par value $0.01 per share) for the fourth quarter of 2021. The Common Stock dividend is $1.59 per share and is payable January 18, 2022 to all Common Stockholders of Record as of December 31, 2021.

About AvalonBay Communities, Inc.

As of September 30, 2021, the Company owned or held a direct or indirect ownership interest in 293 apartment communities containing 87,416 apartment homes in 13 states and the District of Columbia, of which 17 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211118006282/en/

Jason Reilley

Vice President

Investor Relations

AvalonBay Communities, Inc.

703-317-4681

Source: AvalonBay Communities, Inc.

FAQ

What is the dividend amount for AvalonBay Communities in Q4 2021?

AvalonBay Communities has declared a cash dividend of $1.59 per share for Q4 2021.

When will AvalonBay Communities pay the dividend?

The dividend will be paid on January 18, 2022.

What is the record date for the dividend payment by AvalonBay Communities?

The record date for the dividend payment is December 31, 2021.

How many apartment communities does AvalonBay own?

As of September 30, 2021, AvalonBay owns or has interests in 293 apartment communities.