AvalonBay Communities Q2 2026 diluted EPS fell 41% to $1.11; net income declined to $156.89 million.
FFO per share slipped 2.5% to $2.73, while core FFO per share rose 1.4% to $2.86.
Same Store Residential revenue increased 1.6% to $709.59 million; Same Store Residential NOI edged up 1% to $488.55 million.
Updated full-year outlook and merger update
Updated full-year Same Store outlook raised projected revenue change to 1.1%-2.1%, projected operating expense change to 3%-4%, projected NOI change to 0%-1.4%.
Proposed all-stock merger of equals with Equity Residential; special stockholder/shareholder meetings set for Aug. 12, 2026.
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