AvalonBay Communities, Inc. Declares Third Quarter 2022 Dividends

Rhea-AI Summary

AvalonBay Communities, Inc. (NYSE: AVB) has declared a third-quarter cash dividend of $1.59 per share for its Common Stock. This dividend will be payable on October 17, 2022, to all shareholders on record as of September 30, 2022. As of June 30, 2022, the company owned or held interests in 299 apartment communities with a total of 89,037 apartment homes across 12 states and Washington, D.C., including 17 communities under development.

Positive

• Declared a third-quarter cash dividend of $1.59 per share.
• Pays dividends to shareholders, indicating financial stability.

Negative

• No significant negative aspects reported.

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 third quarter of 2022. The Common Stock dividend is $1.59 per share and is payable October 17, 2022, to all Common Stockholders of Record as of September 30, 2022.

About AvalonBay Communities, Inc.

As of June 30, 2022, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 89,037 apartment homes in 12 states and the District of Columbia, of which 17 communities were under development and two communities were 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.

Copyright © 2022 AvalonBay Communities, Inc. All Rights Reserved

View source version on businesswire.com: https://www.businesswire.com/news/home/20220915005169/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 Q3 2022?

The dividend amount for AvalonBay Communities in Q3 2022 is $1.59 per share.

When is the dividend for AvalonBay Communities payable?

The dividend for AvalonBay Communities is payable on October 17, 2022.

What is the record date for AvalonBay's Q3 dividend?

The record date for AvalonBay's Q3 dividend is September 30, 2022.

How many apartment communities does AvalonBay own?

AvalonBay owns or has an interest in 299 apartment communities.

In how many states does AvalonBay operate?

AvalonBay operates in 12 states and Washington, D.C.