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| AvalonBay Communities Announces Second Quarter 2003 Earnings Release and Conference Call Date |
ALEXANDRIA, Va., June 18 /PRNewswire-FirstCall/ -- AVALONBAY COMMUNITIES, INC. (NYSE: AVB; PCX) announced today that it will release second quarter 2003 earnings on July 17, 2003 after the market closes and hold its second quarter conference call on July 18, 2003 at 1:00 PM 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 July 18, 2003 at 3:00 PM EDT until July 27, 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: 1377906. 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 at least 30 days following the call. Please note that the earnings release will include supplemental Earnings Release Attachments (the "Attachments") that will not be included in the wire or fax distributions. The Attachments will only 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 141 apartment communities containing 41,517 apartment homes in ten states and the District of Columbia, of which ten 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
