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AVALONBAY CMMTY   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Rental and other income2,291.772,297.442,319.672,280.962,154.482,039.661,846.081,674.011,451.42990.37
Management, development and other fees3.083.824.963.574.155.609.9511.0511.5010.26
Other income--------------------
Total Revenues2,294.852,301.262,324.632,284.542,158.632,045.261,856.031,685.061,462.921,000.63
Property taxes283.09273.19252.96241.56221.38204.84193.50178.63158.7797.56
Operating expenses, excluding property taxes570.85549.91515.15524.99500.92478.44448.75410.67352.25259.35
Depreciation expense758.60707.33661.58631.20584.15531.43477.92442.68560.22243.68
General and administrative expense69.6160.3458.0460.3753.7045.7742.7741.4339.5734.10
Non-recurring charges--------------------
Interest expense, net(220.42)(214.15)(203.59)(220.97)(199.66)(187.51)(175.62)(180.62)(172.40)(136.92)
(Gain) loss on extinguishment of debt, net(17.79)(9.33)(0.60)(17.49)(25.47)(7.08)26.74(0.41)(14.92)(1.18)
Expensed acquisition, development and other pursuit costs(3.23)(12.40)(4.99)(3.27)(2.74)(9.92)(6.82)3.72(45.05)(11.35)
Loss on interest rate contract----------------(51.00)--
Total operating expenses1,926.701,826.661,696.901,700.07----1,308.101,250.731,394.18785.58
Impairment loss - land holdings------------------1.45
Casualty and impairment gain, net3.12----0.226.25(3.94)(10.54)------
Gain on acquisition of unconsolidated real estate entity------------------14.19
Gain on sale of land------------------0.28
Gain on sale of real estate2.100.440.440.35(10.91)10.229.650.490.24--
Loss on interest rate contract--------------------
Equity in income (loss)of unconsolidated entities38.596.428.6515.2770.7464.9670.02148.77(11.15)20.91
Minority interest in consolidated partnerships--------------------
Interest income--------------------
Gain on sale of communities602.24340.44166.11374.98252.60374.62115.6384.93----
Venture partner interest in profit-sharing--------------------
Expensed development and other pursuit costs--------------------
For-sale condominium marketing and administrative costs(0.98)2.55(3.81)(1.04)------------
Income from continuing operations before taxes1,010.09824.46799.11974.02876.801,034.01743.22668.5257.83250.43
Income tax expense5.73(3.25)13.00(0.16)0.140.311.489.37----
Income from continuing operations--------------659.1557.83250.43
Discontinued operations: Income from discontinued operations--------------0.3116.7126.82
Discontinued operations: Gain on sale of communities--------------37.87278.23146.31
Income before cumulative effect of change in accounting principle--------------------
Cumulative effect of change in accounting principle--------------------
Net income (loss)1,004.36827.71786.10974.18876.661,033.71741.73697.33352.77423.56
Net loss (income)attributable to redeemable noncontrolling interests(0.06)(0.08)(0.13)(0.35)(0.26)(0.29)(0.31)13.76(0.37)(0.31)
Dividends attributable to preferred stock--------------------
Net income allocated to unvested restricted shares--------2.46----------
Diluted Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations--------------------
Net income (loss) available to common shareholders1,004.30827.63785.97974.53874.461,034.00742.04683.57353.14423.87
Diluted Net income (loss) available to common shareholders--------------------
Income from continuing operations--------------4.930.462.57
EPS (Basic) : Income from discontinued operations--------------0.292.321.77
Net Earnings Per Share (Basic)7.195.895.647.056.367.535.545.222.784.34
Income from continuing operations--------------4.920.462.55
EPS (Diluted) : Income from discontinued operations--------------0.292.321.77
Net Earnings Per Share (Diluted)7.195.895.637.056.357.525.515.212.784.32
Weighted Average Shares Outstanding (Basic)139.39140.10139.05137.85137.52136.93133.57130.59126.8697.42
Weighted Average Shares Outstanding (Diluted)139.72140.44139.57138.29138.07137.46134.59131.24127.2798.03
Funds from operations (FFO)1,135.681,186.41----1,167.221,135.761,083.09951.04642.81521.05