10-QPeriod: Q2 FY2010

AVALONBAY COMMUNITIES INC Quarterly Report for Q2 Ended Jun 30, 2010

Filed August 6, 2010For Securities:AVB

Summary

AvalonBay Communities, Inc. (AVB) filed its 10-Q for the period ending June 30, 2010, providing investors with a snapshot of its financial condition and operational performance. The filing details the company's consolidated financial statements, including balance sheets, statements of operations, and cash flows, all presented on an unaudited basis. Management's Discussion and Analysis (MD&A) offers crucial insights into the factors influencing the company's results and its financial outlook. Investors should pay close attention to the MD&A section for a deeper understanding of the company's strategies and challenges. Key areas to monitor include the company's revenue generation, expense management, and overall liquidity. The report's focus on the first half of 2010, a period still navigating the aftermath of the 2008 financial crisis, will likely highlight the resilience and strategic positioning of AVB within the multifamily real estate sector. Examining the risk factors and legal proceedings will also be essential for a comprehensive risk assessment.

Financial Highlights

27 data points
Beta

Revenue

$215.03M

Net Income

$51.13M

23.8% Net Margin

EPS (Diluted)

$0.61

Total Assets

$7.70B

Cash & Equivalents

$373.72M

Free Cash Flow

$102.84M

Financial Statements
Beta
Revenue$215.03M
Operating Expenses$191.70M
Operating Income$30.31M
Net Income$51.13M
EPS (Basic)$0.61
EPS (Diluted)$0.61
Shares Outstanding (Basic)83.52M
Shares Outstanding (Diluted)84.25M

Key Highlights

  • 1The 10-Q filing for the period ending June 30, 2010, includes unaudited Condensed Consolidated Financial Statements (Balance Sheets, Statements of Operations, and Cash Flows) for AVB.
  • 2Management's Discussion and Analysis (MD&A) is a critical section providing detailed commentary on financial condition and results of operations.
  • 3The report covers performance for the three and six months ended June 30, 2010, and comparative periods in 2009.
  • 4Investors can find information regarding legal proceedings in Part II, Item 1.
  • 5Risk factors and other relevant disclosures are also presented in Part II of the filing.
  • 6The filing indicates the company's ongoing operations and financial reporting procedures.

Frequently Asked Questions

The primary purpose of this 10-Q filing is to provide investors with a quarterly update on AvalonBay Communities, Inc.'s financial performance, financial condition, and results of operations. It includes unaudited financial statements and management's analysis of these results for the period ending June 30, 2010.

Detailed financial performance for the first half of 2010 can be found in the Condensed Consolidated Statements of Operations and Other Comprehensive Income and the Condensed Consolidated Statements of Cash Flows, both presented in Item 1 of Part I.

The key risks facing AvalonBay Communities, Inc. are detailed in Item 1a. Risk Factors in Part II of the filing. Investors should review this section for potential challenges and uncertainties that could impact the company's business and financial results.

No, the financial statements presented in this 10-Q filing are unaudited. The SEC requires audited financial statements annually in the Form 10-K filing. The 10-Q provides interim financial information.