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| AvalonBay Communities Announces Fourth Quarter 2002 Earnings Release and Conference Call Date |
ALEXANDRIA, Va., Dec. 23 /PRNewswire-FirstCall/ -- AVALONBAY COMMUNITIES, INC. (NYSE: AVB; PCX) announced today that it will release fourth quarter 2002 earnings on January 21, 2003 after the market closes and hold its fourth quarter conference call on January 22, 2003 at 11:00AM Eastern Time. 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 and acquisitions, 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 January 22, 2003 at 1:00 PM Eastern Time until January 29, 2003 at 11:59 PM Eastern Time. 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: 7332798. 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 147 apartment communities containing 43,219 apartment homes in eleven states and the District of Columbia, of which thirteen communities are under construction and one community is 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
