AvalonBay Communities

Q2 FY2026 EarningsQ2 2026 Core FFO per share reached $2.86, up 1.4% YoY and exceeding April guidance. EPS declined 41.0% YoY to $1.11, primarily due to lower real estate gains compared to the prior year. Same Store Residential NOI increased 1.0% YoY, leading the company to raise its full-year Same Store NOI growth outlook to a range of 0.0%–1.4%. Strategic highlights include a proposed $53B all-stock merger with Equity Residential and 9,064 apartment homes currently under development.