AvalonBay Communities Announces 2024 Dividend Income Tax Treatment
ARLINGTON, Va.--(BUSINESS WIRE)-- AvalonBay Communities, Inc. (the “Company”) (NYSE: AVB) announced today the final income allocations of the Company’s 2024 dividend distributions on its Common Stock. The final dividend allocations as they will be reported on Form 1099-DIV are set forth in the following table:
Common Shares (CUSIP #053484101)
|
Declaration Date |
Record Date |
Payment Date |
Distribution Per Share |
Ordinary Taxable Dividend (1) |
Qualified Dividend |
Return of Capital |
Long-Term Capital Gain (2)(3) |
Unrecap. Section 1250 Gain (2) |
||||||
|
01/31/24 |
03/28/24 |
04/15/24 |
$ |
1.70000 |
$ |
1.51416 |
$ |
0.00896 |
$ |
0.00000 |
$ |
0.07302 |
$ |
0.10386 |
|
05/16/24 |
06/28/24 |
07/15/24 |
|
1.70000 |
$ |
1.51416 |
|
0.00896 |
|
0.00000 |
|
0.07302 |
|
0.10386 |
|
09/20/24 |
09/30/24 |
10/15/24 |
|
1.70000 |
$ |
1.51416 |
|
0.00896 |
|
0.00000 |
|
0.07302 |
|
0.10386 |
|
11/14/24 |
12/31/24 |
01/15/25 |
|
1.70000 |
$ |
1.51416 |
|
0.00896 |
|
0.00000 |
|
0.07302 |
|
0.10386 |
|
Totals |
$ |
6.80000 |
$ |
6.05664 |
$ |
0.03584 |
$ |
0.00000 |
$ |
0.29208 |
$ |
0.41544 |
||
|
|
100% |
|
89% |
|
1% |
|
0% |
|
4% |
|
6% |
|||
Components may not sum to the totals due to rounding differences. The information above presents final dividend allocations.
|
(1) |
$1.51416 of each quarterly dividend classified as taxable ordinary dividend is treated as qualified REIT dividends for purposes of Internal Revenue Code (IRC) Section 199A. |
|
|
|
|
(2) |
$0.07302 of each quarterly dividend classified as Long-Term Capital Gain and $0.10386 of each quarterly dividend classified as Unrecap. Section 1250 Gain dividends are treated as a Disposition of investment in United States Real Property for purposes of Internal Revenue Code (IRC) Section 897. |
|
(3) |
For each quarterly dividend classified as Long-Term Capital Gain, the One Year Amounts Disclosure is $0.01908, the Three Year Amounts Disclosure is $0.01908, and $0.05394 is Section 1231 gain for purposes of Internal Revenue Code (IRC) Section 1061. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests.” |
Please consult your tax advisor.
About AvalonBay Communities, Inc.
AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. As of September 30, 2024, the Company owned or held a direct or indirect ownership interest in 305 apartment communities containing 92,908 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development.
Copyright © 2025 AvalonBay Communities, Inc. All Rights Reserved
View source version on businesswire.com: https://www.businesswire.com/news/home/20250116221255/en/
Jason Reilley
Vice President
Investor Relations
AvalonBay Communities, Inc.
703-317-4681
Source: AvalonBay Communities, Inc.
Released January 16, 2025