AvalonBay reports Q2 results, raises same-store NOI outlook and pauses earnings guidance

AvalonBay reported second-quarter 2026 diluted EPS of $1.11, FFO per share of $2.73 and Core FFO per share of $2.86 for the period ended June 30, while same-store residential NOI rose 1.0% to $488.6 million. The company raised its full-year same-store NOI outlook to 0.0%-1.4% growth from a prior range of -0.7%-1.3%, but suspended EPS, FFO and Core FFO guidance because of its proposed all-stock merger with Equity Residential; shareholders of both companies are scheduled to vote on August 12, 2026.