Mergers & Acquisitions ·
AvalonBay Communities reported second quarter 2026 results, including diluted EPS of $1.11 and Core FFO per share of…
AVBAvalonbay Communities Inc
AvalonBay Communities reported second quarter 2026 results, including diluted EPS of $1.11 and Core FFO per share of $2.86. Due to a proposed all-stock merger of equals with Equity Residential, the company has suspended its previous EPS, FFO, and Core FFO outlooks. The merger would create a combined entity with a pro forma equity market capitalization of approximately $53 billion and an enterprise value of $71 billion. The company also updated its full-year 2026 Same Store portfolio outlook, increasing projected NOI change to a range of 1.3% to 1.4%. AvalonBay is an equity REIT that develops, acquires, and manages apartment communities.