AvalonBay Communities, Inc. Declares Second Quarter 2021 Dividends

Rhea-AI Summary

AvalonBay Communities, Inc. (NYSE: AVB) has declared a cash dividend of $1.59 per share for Q2 2021. This dividend is payable on July 15, 2021 to stockholders of record as of June 30, 2021.

As of March 31, 2021, AvalonBay owned or held interests in 290 apartment communities with 85,787 apartment homes across 11 states and the District of Columbia.

Positive

• Declaration of a cash dividend of $1.59 per share enhances shareholder income.
• Strong portfolio comprising 290 apartment communities with ongoing developments.

Negative

• None.

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 second quarter of 2021. The Common Stock dividend is $1.59 per share and is payable July 15, 2021 to all Common Stockholders of Record as of June 30, 2021.

About AvalonBay Communities, Inc.

As of March 31, 2021, the Company owned or held a direct or indirect ownership interest in 290 apartment communities containing 85,787 apartment homes in 11 states and the District of Columbia, of which 15 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 consisting of Southeast Florida and Denver, Colorado (the "Expansion Markets"). 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/20210520005037/en/

FAQ

What is the dividend amount declared by AvalonBay Communities (AVB) for Q2 2021?

AvalonBay Communities declared a cash dividend of $1.59 per share for Q2 2021.

When will the dividend for AvalonBay Communities (AVB) be paid?

The dividend will be paid on July 15, 2021.

What is the record date for the Q2 2021 dividend of AvalonBay Communities (AVB)?

The record date for the dividend is June 30, 2021.

How many apartment communities does AvalonBay Communities (AVB) own?

As of March 31, 2021, AvalonBay owned or held interests in 290 apartment communities.

In which areas does AvalonBay Communities (AVB) operate?

AvalonBay operates in leading metropolitan areas across New England, New York/New Jersey Metro area, Mid-Atlantic, Pacific Northwest, and parts of California.