10-QPeriod: Q3 FY2011

AVALONBAY COMMUNITIES INC Quarterly Report for Q3 Ended Sep 30, 2011

Filed November 7, 2011For Securities:AVB

Summary

AvalonBay Communities, Inc. (AVB) filed its Form 10-Q for the quarterly period ended September 30, 2011, reporting on its financial performance and condition. As a large accelerated filer, the company presented unaudited condensed consolidated financial statements, including balance sheets, statements of operations, and cash flows. The report details AVB's operational results and financial standing, providing investors with insights into its asset management and growth strategies within the multifamily real estate sector. Investors should note the company's ongoing operational activities and financial health as presented in this filing. The report covers the nine-month period ended September 30, 2011, offering a look at year-to-date performance. Key financial data and management's discussion on financial condition and results of operations are crucial for understanding the company's current trajectory and future outlook in the competitive real estate market.

Financial Highlights

30 data points
Beta

Revenue

$239.57M

Net Income

$44.82M

18.7% Net Margin

EPS (Diluted)

$0.49

Total Assets

$8.49B

Cash & Equivalents

$690.05M

Free Cash Flow

$89.13M

Financial Statements
Beta
Revenue$239.57M
Operating Expenses$215.70M
Operating Income$45.71M
Net Income$44.82M
EPS (Basic)$0.49
EPS (Diluted)$0.49
Shares Outstanding (Basic)91.39M
Shares Outstanding (Diluted)92.34M

Key Highlights

  • 1AVALONBAY COMMUNITIES, INC. (AVB) filed its Form 10-Q for the quarter ended September 30, 2011.
  • 2The filing includes condensed consolidated financial statements (unaudited) for the nine months ended September 30, 2011, and comparative periods.
  • 3Key financial statements covered are Balance Sheets, Statements of Operations and Comprehensive Income, and Statements of Cash Flows.
  • 4Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is provided for detailed insights.
  • 5The company is identified as a large accelerated filer, indicating its significant market capitalization and reporting history.
  • 6Risk factors and legal proceedings are disclosed in Part II of the report.
  • 7As of October 31, 2011, there were 95,081,836 shares of common stock outstanding.

Frequently Asked Questions

Based on the filing name 'AVALONBAY COMMUNITIES, INC.' and the context of a 10-Q report, the company is primarily involved in the ownership, operation, and development of apartment communities, operating within the real estate sector.

This Form 10-Q covers the quarterly period ended September 30, 2011, and includes financial information for the nine months then ended.

The report includes unaudited condensed consolidated financial statements: Balance Sheets as of September 30, 2011, and December 31, 2010; Statements of Operations and Other Comprehensive Income for the three and nine months ended September 30, 2011 and 2010; and Statements of Cash Flows for the nine months ended September 30, 2011 and 2010.

Being a 'large accelerated filer' means AvalonBay Communities meets certain thresholds for market value of its publicly traded shares, reporting history, and filing compliance. This designation typically implies a larger, more established company with more stringent SEC reporting requirements and greater public scrutiny.