AvalonBay Q2 FY26 EPS drops 41% to $1.11; net income falls 41.9% to $156.89 million

• 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 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AvalonBay Communities Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260721860780) on July 22, 2026, and is solely responsible for the information contained therein.