Business Wire | Sep 16, 2020 04:15PM EDT

AvalonBay Communities, Inc. Declares Third Quarter 2020 Dividends

Sep. 16, 2020

ARLINGTON, Va.--(BUSINESS WIRE)--Sep. 16, 2020--AvalonBay Communities, Inc. (NYSE: AVB) announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $0.01 per share) for the third quarter of 2020. The Common Stock dividend is $1.59 per share and is payable October 15, 2020 to all Common Stockholders of Record as of September 30, 2020.

About AvalonBay Communities, Inc.

As of June 30, 2020, the Company owned or held a direct or indirect ownership interest in 295 apartment communities containing 86,380 apartment homes in 11 states and the District of Columbia, of which 19 communities were under development. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States. More information may be found on the Company's website at http://www.avalonbay.com.

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CONTACT: Jason Reilley Vice President Investor Relations AvalonBay Communities, Inc. 703-317-4681