AvalonBay Communities Inc. (AVB) 2000年年度报告「NYSE」.pdf

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1、AvalonBay&BeyondAnnual Report1.1998 Revenues are on a pro forma basis as if the merger of the Company and Avalon Properties,Inc.occurred on 1/1/98.989900$506.0$449.1$573.4Revenue(1)(in millions)0200400$600$2.87989900$3.22$3.70FFO/Share Growth 3-year average FFO Growth per share is 14.7%0.01.252.50$3

2、.75$1.95989900$2.06$2.24Dividend Growth1.752.00$2.25AvalonBay Communities,Inc.,is in the business of developing,redeveloping,acquiring and managing luxury apartment communities in high barrier-to-entrymarkets of the United States.At March 1,2001,the Company owned or held anownership interest in 138

3、apartment communities containing 40,740 apartmenthomes in 12 states and the District of Columbia,of which 12 communities are under construction and four communities are under reconstruction.More information may be found on our Web site at .If we were to invent from the groundup an apartment REIT tha

4、t is mostfitted for todays environment,itwould look a lot like AvalonBay!”Lehman Brothers Report,September 18,2000“2 AVALONBAYToA letterWe had a great year!During 2000,AvalonBay Communities expanded itsindustry leadership position by providing our residents a high-quality living experience,implement

5、ing a carefully considered strategic plan and acceleratingearnings growth.We proudly look back on 2000 as a year in which we:oDelivered the best total shareholder return of all our apartment REIT peers;oIncreased our presence in core,high barrier-to-entry growth markets;oImproved our industry leadin

6、g financial flexibility through successful self-funding initiatives;oContinued to sharpen and evolve our strategy;andoImplemented management succession to ensure our long-term competitiveness.We now seek to build on these achievements as we pursue our goal of becoming an“evergreen”public company.As