CAPITAL RAISED | WTD. AVG. INITIAL COST OF CAPITAL(1)
$ 80M | ≈ 4.3%
$ 1.7B | ≈ 3.0%
STOCK REPURCHASED | AVG. PRICE PER SHARE(2)
$ 135M | ≈ $ 150
$ 135M | ≈ $ 150
Source: Internal company reports.
See Appendix for a reconciliation of Net Income attributable to common shareholders to FFO and to Core FFO.
Capital raised includes net proceeds from all debt issuances, wholly-owned dispositions (including residential condominium sales at The Park Loggia), and distributions from unconsolidated real estate entities. Weighted average initial cost of capital includes all debt (inclusive of the effect of interest rate hedges) issuances, and wholly-owned dispositions (including the average imputed carry cost of the residential condominiums at the Park Loggia) only.
Excludes ≈ $35 million of stock repurchased after September 30, 2020, at an average price of ≈ $150 per share.
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AvalonBay Communities Inc. published this content on 28 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2020 20:24:03 UTC
AvalonBay Communities, Inc. is a real estate investment trust specialized in the development, acquisition, ownership and operation of apartment communities in high barrier-to-entry markets of the United States.
At the end of January 2024, the group owned 279 operating apartment communities containing 83 655 apartment homes, of which 19 communities with 6,539 apartment homes were under development.
AVALONBAY COMMUNITIES, INC. 
