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| AvalonBay Communities Announces First Quarter 2003 Earnings Release And Conference Call Date |
ALEXANDRIA, Va., March 26 /PRNewswire-FirstCall/ -- AVALONBAY COMMUNITIES, INC. (NYSE: AVB; PCX) announced today that it will release first quarter 2003 earnings on April 29, 2003 after the market closes and hold its first quarter conference call on April 30, 2003 at 11:00 AM Eastern Daylight Time (EDT). The call will include prepared remarks by management and a question and answer session during which management may discuss the Company's current operating environment; operating trends; current or potential development, disposition and acquisition activity; the Company's outlook and other business and financial matters affecting the Company. The domestic number for the conference call is 1-877-510-2397, and the international number for the conference call is 1-706-634-5877. The replay of the call will be available from April 30, 2003 at 1:00 PM EDT until May 7, 2003 at 11:59 PM EDT. The domestic number for the replay is 1-800-642-1687, and the international number for the replay is 1-706-645-9291 - Access Code: 9409911. A live, on-demand webcast of the conference call will be available on the Company's website at http://www.avalonbay.com/earnings, and an on-line playback of the webcast will be available for 30 days following the call. Please note that the full text of the release and the Earnings Release Attachments (the "Attachments") will not be included in the fax distribution. The full text and the Attachments will be available via the Company's website at http://www.avalonbay.com/earnings and through e-mail distribution. If you would like to receive future press releases via e-mail, please call AvalonBay Communities, Inc. Investor Relations at 703-317-4636. About AvalonBay Communities, Inc. AvalonBay Communities, Inc., headquartered in Alexandria, Virginia, currently owns or holds an ownership interest in 149 apartment communities containing 43,608 apartment homes in eleven states and the District of Columbia, of which twelve communities are under construction and two communities are under reconstruction. AvalonBay is in the business of developing, redeveloping, acquiring and managing luxury apartment communities in high barrier-to-entry markets of the United States. More information on AvalonBay may be found on AvalonBay's Web site at http://www.avalonbay.com.SOURCE AvalonBay Communities, Inc.
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CONTACT:
Thomas J. Sargeant, Executive Vice President
and Chief Financial Officer of AvalonBay Communities, Inc.,
+1-703-317-4635
