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RR vs DC Highlights: IPL 2021 costliest player Chris Morris shines…

first_imgJos Buttlerc RR Pant b Chris Woakes270028.57 RELATED ARTICLESMORE FROM AUTHOR Samson: We would like to bowl first. The conditions demands that. We have to take learning experiences and move on. We have plans for every batsmen. You takes the aerial route and goes over expected to go for runs here. We are ready to score it back. Miller comes in for Stokes. Unadkat replaces Gopal. Kagiso RabadaNot out9410225.00 RR vs DC Highlights: IPL 2021’s costliest player Chris Morris & David Miller starred in Rajasthan Royals 3 wickets victory over Delhi Capital RR vs DC Highlights: IPL 2021’s costliest player Chris Morris & David Miller starred in Rajasthan Royals victory over Delhi Capitals: At 42/5 Delhi Capitals had the match against Rajasthan Royals in their bag but first David Miller and than Chris Morris turned the game upside down. First Miller scored 62 of 43 balls and than Morris 36 of just 18 to win the game in last over for RR. This is Royals 1st victory of IPL 2021 season.RR vs DC Highlights – Rajasthan Royals beat Delhi Capitals by 3 Wickets: At one point of time RR innings was in complete tatters as they had lost 5 wickets for just 42 on board in pursuit of 148. After losing both openers, RR lost the wicket of their captain and last match centurion Sanju Samson for just 4. Earlier Chris Woakes sent back both Manan Vohra & Jos Butler – but Miller & Morris won the day for Royals. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeIPL 2020: Bad news for Sunrisers Hyderabad’s Jonny BairstowUndoIPL 2020 : Srikanth and fans slams MS Dhoni, says ‘wasted 15 Cr on Jadhav & Chawla’UndoSuresh Raina issues statement after arrest, says the incident in Mumbai was ‘unintentional’UndoRR vs DC Highlights – Rajasthan Royals beat Delhi Capitals by 3 Wickets: – Earlier Rajasthan Royals bowled beautifully to restrict Delhi Capitals to 147/8 in their 20 overs as Rishabh Pant’s team kept losing wickets in continuous intervals. Barring captain Pant no one could score big for DC. He completed his 50 in just 30 balls but was finally run out for 51.Jayadev Unadkat was another hero of the day for Royals as the lanky fast bowler with his triple strike rocked Delhi Capitals top order earlier in the day. Unadkat dismissed Ajinkya Rahane, Prithvi Shaw & Shikhar Dhawan in quick succession to peg Delhi back right at the onset. Shaw could score just 2 while Dhawan was dismissed for 9.Unadkat picked 3 wickets for just 15 runs of his 4 overs.RR vs DC LIVE Score – Rishabh Pant scores 13th IPL 50: If it wasn’t Pant’s 13th IPL 50, Delhi Capitals would have been in much more embarassing position. Pant scored another whirlwind knock as he completed his 50 of just 30 balls. Pant hit Tewatia for 4 boundaries in a over and picked 20 runs.Also READ: RR vs DC in IPL 2021: Rishabh Pant continues his red-hot…Also READ: RR vs DC in IPL 2021: Jaydev Undakat’s triple strike rocks…Also READ: IPL 2021- RR vs DC: Lalit Yadav makes his IPL debut,…Rajasthan Royals Innings 150/7 – 19.4 Overs (RR beat DC by 3 Wickets) BOWLINGOMRWECON RR vs DC Highlights: IPL 2021 costliest player Chris Morris shines as Rajasthan Royals beats Delhi Capitals by 3 wickets Yet To BatAvesh Khan Cricket Shivam Dubeyc S Dhawan b Avesh Khan270028.57 Avesh Khan403238.00 CricketIndian premier leagueIndian Premier League 2021 David Millerc Lalit Yadav b Avesh Khan624372144.19 Cricket Jaydev UnadkatNot out11701157.14 Extra3 (b 0, w 1, nb 0, lb 2) Euro 2020- Spain vs Poland Highlights: Spain held to 1-1 draw as Lewandowski’s Poland keep Euro hopes alive Kagiso Rabada403027.50 ENG W vs IND W Test: Sneh Rana, Shafali Verma shine as one-off Test ends in draw Euro 2020 – Germany beat Portugal 4-2: Germany bounce back with thrilling 4-2 win over Portugal to revive Euro hopes Manan Vohrac K Rabada b Chris Woakes9112081.82 Cricket By Kunal Dhyani – April 16, 2021 Facebook Twitter Total150/7 (19.4) Delhi Capitals Innings – 147/8 (20 overs) Football Jaydev Unadkat401533.75 Virat Kohli completes 10 years in Test Cricket: 10 things you should know about India skipper- check out Marcus Stoinis1015015.00 Cricket Cricket WTC Final LIVE Day 3: Weather forecast again not good, rain & bad-light all set to impact India vs New Zealand Day 3 Shikhar Dhawanc SV Samson b JD Unadkat9111081.82 Cricket Ravichandran Ashwinrunout (SV Samson / DA Miller)7410175.00 Riyan Paragc S Dhawan b Avesh Khan250040.00 Extra5 (b 0, w 5, nb 0, lb 0) ICC WTC Final, Ind vs NZ Day 3: Can India survive the Kyle Jamieson storm in Southampton?center_img Chris WoakesNot out151120136.36 Tom Curranb M Rahman211620131.25 Riyan Parag201608.00 Prithvi Shawc DA Miller b JD Unadkat250040.00 Chetan Sakariya403308.25 Rahul Tewatia302709.00 Lalit Yadavc R Tewatia b CH Morris20243083.33 WTC Final Day 2 Stumps: Brilliant Virat Kohli & Ajinkya Rahane saves the day for India as bad light stops play 33 overs early Rahul Tewatiac Lalit Yadav b K Rabada191720111.76 Rajasthan Royals (Playing XI): Manan Vohra, Sanju Samson(w/c), David Miller, Jos Buttler, Shivam Dube, Riyan Parag, Rahul Tewatia, Chris Morris, Chetan Sakariya, Jaydev Unadkat, Mustafizur RahmanAlso READ: IPL 2021: 4 Website to watch RR vs DC LIVE Streaming… Cricket Mustafizur Rahman402927.25 Teams – Playing XI RR vs DC: Delhi Capitals (Playing XI): Prithvi Shaw, Shikhar Dhawan, Rishabh Pant(w/c), Ajinkya Rahane, Marcus Stoinis, Chris Woakes, Ravichandran Ashwin, Lalit Yadav, Kagiso Rabada, Tom Curran, Avesh Khan TAGSDCDC IPL 2021Delhi CapitalsIPL 2021Rajasthan RoyalsRishabh PantRRRR IPL 2021RR vs DCRR vs DC head to headSanju SamsonSanju Samson vs Rishabh Pant SHARE Pitch Report – RR vs DC: “Looks like another great surface, really nice grass coverage on it. There’s plenty of runs on this pitch again,” says Simon Doull. However, he has an advice for the bowlers – “You’ve got to get really straight with the new ball try and not to let those runs go sideways.  Limit the boundaries, make the ones and twos tough to get, you’ll come out on top.”Meanwhile big news is coming in from Delhi Capitals Camp – Shams Mulani joins Delhi Capitals as short-term COVID-19 replacement for Axar Patel; Anirudha Joshi replaces injured Shreyas Iyer.RR vs DC Head To Head: RR 11 – 11 DC.Rajasthan have not won any of their last five encounters against Delhi. Last year, in 2020, on both occasions, the Royals weren’t allowed to cross the 150-run mark.RR vs DC LIVE – IPL 2021 Score: When and Where to Watch?When: RR vs DC, April 15, 2021, 19:30 ISTWhere: Wankhede Stadium, Mumbai Previous articleIPL 2021: Chris Morris declares, ‘I am paid 16.25 Cr to slog, I did the same vs Delhi Capitals’Next articleIPL 2021: From playing basketball to cooking delicacies; check what Raina, Dhoni and other CSK players are upto Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Football Chris Woakes402225.50 YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesEnjoy Affordable Freight & Shipping Services With These Service ProvidersFreight & Shipping Quotes | Search Ads|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo WI vs SA 2nd Test Day 2 Stumps: West Indies bowled out for 149 runs in 1st innings, SA lead by 149 runs Rishabh Pant (WK/C)runout (R Parag)513290159.38 Pant: Toss doesn’t matter. The surface looks good. The team that plays well wins. Hetmyer misses out, Rabada comes back. Lalit Yadav makes his debut. Ravichandran Ashwin301404.67 IND vs NZ in WTC Final: India batting coach says, ‘score above 250 on Day 3 would be good’, Kyle Jamieson feels it won’t… BatsmenRB4S6SSR Tom Curran3.403509.55 BOWLINGOMRWECON BatsmenRB4S6SSR ICC WTC Final: 10 years of Virat Kohli’s Test career, 10 best moments of India’s greatest Test skipper Sanju Samson (WK/C)c S Dhawan b K Rabada4310133.33 Marcus Stoinisc Jos Buttler b M Rahman05000.00 Chris Morris302719.00 Chris MorrisNot out361804200.00 Cricket Ajinkya Rahanec & b JD Unadkat8810100.00 Share on Facebook Tweet on Twitter Yet To BatC Sakariya, M Rahman Total147/8 (20)last_img read more

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Is today’s weakness in the Games Workshop share price a buying opportunity?

first_img When a business has been as successful as the FTSE 250’s Games Workshop (LSE: GAW), it’s okay for the chief executive to blow the company’s own trumpet.So, I welcome CEO Kevin Rountree’s comments in today’s half-year results report when he declared: “Another cracking performance from a truly amazing, global team.”5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…He went on to point out the firm has just delivered a “solid” outcome over the past six months. And that builds on “the great progress and profitable growth we have been consistently delivering over the last five years.” The Games Workshop growth storyI agree with every word. The fantasy miniatures producer has grown its business and profits in spectacular style. And shareholders will have little to complain about because the stock has been a great investment by most measures. Five years ago, for example, the share price stood near 540p. Today, the stock changes hands near 10,900p.Growth has been impressive and well balanced over the period. The record shows annual advances in revenue, earnings, cash flow and shareholder dividends. And the share price rose to reflect the underlying business progress.But that wasn’t the only driver, of course. Whenever a growth story becomes well known, we tend to see a valuation up-rating. And that’s exactly what happened with GAW.Today, the forward-looking earnings multiple for the trading year to May 2022 is about 30. And City analysts have penciled in an earnings increase of around 8.5% for that year. If we look at popular ways of analysing growth shares, one method compares the rate of earnings growth to the earnings multiple. By that measure, the shares are starting to look expensive.And that could be one reason the share price has slipped back this morning despite the blistering figures the firm just posted. Year on year, revenue rose almost 26% in the first half of the trading year, cash from operations advanced nearly 66% and earnings per share elevated by around 55%.A well-defended trading nicheHowever, despite the stock weakness today, GAW has a strong, well-defended trading niche and is expanding abroad. In the US, for example, sales are almost as large as the revenue derived from the UK and continental Europe. The outlook is positive and the growth story could have much further to run.At the core of its business model, GAW makes fantasy miniatures for hobbyists to collect. But that wouldn’t work well unless the firm’s customers were totally immersed in the fantasy universe and experience the company has developed over decades. Indeed, the Warhammer brand delivers escapism for an“enthusiastic and loyal fan base.” In one sense, the company has created and developed its own market. And it seems unlikely any competitor could disrupt GAW’s position simply by throwing money at the challenge. Creating a viable competing experience will probably take time – lots of it.So, shares in Games Workshop have potential as long as I’m prepared to play the long game and remain invested for years. And I find today’s dip in the share price to be attractive in that context. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Is today’s weakness in the Games Workshop share price a buying opportunity? See all posts by Kevin Godbold I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images. Kevin Godbold | Tuesday, 12th January, 2021 | More on: GAW center_img “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Enter Your Email Address Kevin Godbold has no position in any share mentioned. The Motley Fool UK owns shares of Games Workshop. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.last_img read more

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Doctor-G / FRENTE

first_imgArchDaily Year:  Apartments Photographs:  Paul Czitrom , Onnis Luque, Juan Pablo MazaText description provided by the architects. The Main Feature of this low-income apartment building, located in a corner of a popular neighborhood of Mexico City, is giving its inhabitants a sense of security from its hostile environment.Save this picture!© Paul CzitromA Waving Surface is created by placing red bricks in an un-typical manner, taking advantage of Mexico’s low cost labor. The orthogonal concrete grid emphasizes the subtle movement of the surface projecting irregular shadows over the walls. Save this picture!© Onnis LuqueThe L-formed Scheme of the plan solves the need of giving each one of the 29 apartments a view towards the street while creating an internal courtyard where all the entrances are arranged.Save this picture!floor planProject gallerySee allShow lessfORaLLtHEcOWs / CTRLZ architecturesArticlesAD Round Up: Miscellaneous Architecture Part IArticlesProject locationAddress:Mexico City, MexicoLocation to be used only as a reference. It could indicate city/country but not exact address. Share CopyApartments•Mexico City, Mexico Doctor-G / FRENTESave this projectSaveDoctor-G / FRENTE Doctor-G / FRENTE ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/47904/doctor-g-frente Clipboard “COPY” Area:  2195 m² Year Completion year of this architecture project Mexico Architects: FRENTE Arquitectura Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/47904/doctor-g-frente Clipboard 2009 Photographs Projects CopyAbout this officeFRENTE ArquitecturaOfficeFollowProductBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsDabasMexico CityHousing3D ModelingMexicoPublished on January 30, 2010Cite: “Doctor-G / FRENTE” 30 Jan 2010. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogSinkshansgroheBathroom Mixers – Talis SVinyl Walls3MExterior Vinyl Finish – DI-NOC™ Solid ColorPartitionsSkyfoldRetractable Walls – Stepped & Sloped SpacesDining tablesZeitraumWood Table – TautBathroom AccessoriesBradley Corporation USARoll Towel Dispenser – Electronic TouchlessWoodLunawoodThermowood FacadesAluminium CompositesSculptformClick-on Battens in Victoria GardensMetal PanelsLongboard®Metal Ceilings – DauntlessWoodStructureCraftEngineering – Mass TimberPanels / Prefabricated AssembliesULMA Architectural SolutionsPerforated Facade PanelFiber Cements / CementsDuctal®Rainscreen Cladding Panels for Lightweight Facades in Apartment BlockBricksAcme BrickModular Size BrickMore products »Read commentsSave想阅读文章的中文版本吗?Doctor-G公寓是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream “COPY” Save this picture!© Paul Czitrom+ 12 Sharelast_img read more

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Broadcast authority should not be used as media police, president told in open letter

first_img to go further Receive email alerts News News RSF_en September 15, 2020 Find out more March 11, 2021 Find out more News Help by sharing this information Follow the news on Togo March 8, 2021 Find out more Togolese authorities urged to lift newspaper’s four-month suspension Organisation Reporters Without Borders today sent an open letter to the President of Togo, Faure Gnassingbé, urging him not to promulgate a draft law passed by parliament on 30 October that would strengthen the powers of the High Council for Broadcasting and Communication (HAAC). This is the text of the letter: November 6, 2009 – Updated on January 20, 2016 Broadcast authority should not be used as media police, president told in open letter Togo court upholds “baseless and disproportionate” newspaper closures Convicting “petrolgate” journalist of defamation would be disastrous, RSF says TogoAfrica TogoAfrica Mr Faure Essozimna GnassingbéPresident of the RepublicLomé – TogoParis, 5 November 2009Dear Mr President,Reporters Without Borders, an international organisation that defends press freedom, would like to draw to your attention our concern about a draft law adopted by the Togolese parliament on 30 October 2009 that will strengthen the powers of the High Council for Broadcasting and Communication (HAAC). Our organisation supports the existence of regulatory bodies for the media and the principle of professional self-regulation. But in this case we believe that the HAAC already has sufficient prerogatives. In fact, it has already on several occasions imposed sanctions against media. This year, for example, the HAAC has banned several publications, and for one week in April, suspended interactive programmes on the country’s radio and television stations. The right, contained in the draft law recently adopted by parliament, to increase the duration of media bans and to ease proceedings for formal warnings or seizure of equipment, seem to us unjustified. Encouraging the HAAC to rule as a “disciplinary adviser” by giving it permission to conduct hearings with journalists “responsible for serious errors” also seems worrying to us. The concept of a “serious error” is vague and subjective and should be more precisely defined within a strict legal framework.Mr President, the HAAC is a regulatory body. It should not be turned into a “media police”, with powers that are too coercive and which would not fail to provide ammunition to supporters of political extremism. You are now the only authority that can prevent this dangerous drift. That is why we solemnly ask you not to promulgate this law which will amend the law of 15 December 2004. In taking such a decision, you will send a strong and reassuring signal to journalists, to your citizens as well as to the international community. Ahead of presidential elections in early 2010, a crucial period for Togo, you will reassure public opinion and demonstrate your determination not to obstruct the holding of a free and pluralist debate. I trust you will respond favourably to our request.Yours sincerely,Jean-François JulliardSecretary General Newslast_img read more

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Video: First United Methodist Church’ Senior Class Sermon

first_img Your email address will not be published. Required fields are marked * Sermons and Lessons Video: First United Methodist Church’ Senior Class Sermon Delivered by THE SENIOR CLASS OF FIRST UNITED METHODIST CHURCH Published on Thursday, June 13, 2013 | 11:54 am This sermon was delivered by the First United Methodist Church of Pasadena’s Senior Class Shelby Lewis, Max Rahn, Russell Carpenter, Taylor Altice, and Esther Kim on Sunday, June 2, 2013.First United Methodist Church Pasadena, 500 E. Colorado Boulevard, Pasadena, (626) 796-0157 or visit www.fumcpasadena.org More Cool Stuff Herbeauty10 Ways To Power Yourself As A WomanHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeautyHerbeauty12 Most Breathtaking Trends In Fashion HistoryHerbeautyHerbeautyHerbeautyWho Was The Hollywood ‘It Girl’ The Year You Were Born?HerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeauty First Heatwave Expected Next Week Business News Name (required)  Mail (required) (not be published)  Website  Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community Newscenter_img Subscribe Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Top of the News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS 7 recommended0 commentsShareShareTweetSharePin it Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Make a comment Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.last_img read more

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The Latest: Pope greets public again with wide distancing

first_img Twitter Pinterest Twitter By Digital AIM Web Support – February 7, 2021 WhatsApp The Latest: Pope greets public again with wide distancing WhatsApp Faithful gather as they wait for Pope Francis to recite the Angelus prayer from his studio window overlooking St. Peter’s Square, at the Vatican, Sunday, Feb. 7, 2021.center_img TAGS  Facebook Facebook Previous articleOAT01xx21_DonStringerNext articleCheney says she won’t quit the House after Wyoming censure Digital AIM Web Support Local NewsBusinessUS News Pinterestlast_img read more

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AvalonBay Communities, Inc. Announces 2020 Operating Results and Initial 2021 Financial Outlook

first_img 388 Other Stabilized Communities are completed consolidated communities that the Company owns, which have Stabilized Operations as of January 1, 2020, or which were acquired subsequent to January 1, 2019. Other Stabilized Communities excludes communities that are conducting or are probable to conduct substantial redevelopment activities. Projected FFO and Projected Core FFO, as provided within this release in the Company’s outlook, are calculated on a basis consistent with historical FFO and Core FFO, and are therefore considered to be appropriate supplemental measures to projected Net Income from projected operating performance. A reconciliation of the ranges provided for Projected FFO per share (diluted) for the first quarter 2021 to the ranges provided for projected EPS (diluted) and corresponding reconciliation of the ranges for Projected FFO per share to the ranges for Projected Core FFO per share are as follows: 328,602 2.44 Residential 177,823 283,012 % (4,625) The Company repaid $300,000,000 principal amount of its variable rate unsecured notes at par in advance of the January 2021 scheduled maturity. 92,040 FFO Initial Year Market Cap Rate is defined by the Company as Projected NOI of a single community for the first 12 months of operations (assuming no repositioning), less estimates for non-routine allowance of approximately $300 – $500 per apartment home, divided by the gross sales price for the community. Projected NOI, as referred to above, represents management’s estimate of projected rental revenue minus projected operating expenses before interest, income taxes (if any), depreciation and amortization. For this purpose, management’s projection of operating expenses for the community includes a management fee of 2.25%. The Initial Year Market Cap Rate, which may be determined in a different manner by others, is a measure frequently used in the real estate industry when determining the appropriate purchase price for a property or estimating the value for a property. Buyers may assign different Initial Year Market Cap Rates to different communities when determining the appropriate value because they (i) may project different rates of change in operating expenses and capital expenditure estimates and (ii) may project different rates of change in future rental revenue due to different estimates for changes in rent and occupancy levels. The weighted average Initial Year Market Cap Rate is weighted based on the gross sales price of each community. Interest Coverage is calculated by the Company as Core EBITDAre, divided by the sum of interest expense, net, and preferred dividends, if applicable. Interest Coverage is presented by the Company because it provides rating agencies and investors an additional means of comparing our ability to service debt obligations to that of other companies. A calculation of Interest Coverage for the three months ended December 31, 2020 is as follows (dollars in thousands): $ (0.7) 237,063 % Projected EPS (diluted) – Q1 2021 (4,986) Total Established Communities change in rental revenue Unencumbered NOI 348 0.03 9.18 % 13,465 NOI is defined by the Company as total property revenue less direct property operating expenses (including property taxes), and excluding corporate-level income (including management, development and other fees), corporate-level property management and other indirect operating expenses, expensed transaction, development and other pursuit costs, net of recoveries, interest expense, net, loss (gain) on extinguishment of debt, net, general and administrative expense, joint venture (income) loss, depreciation expense, corporate income tax expense (benefit), casualty and impairment loss (gain), net, gain on sale of communities, (gain) loss on other real estate transactions, net for-sale condominium activity and net operating income from real estate assets sold or held for sale. The Company considers NOI to be an important and appropriate supplemental performance measure to Net Income of operating performance of a community or communities because it helps both investors and management to understand the core operations of a community or communities prior to the allocation of any corporate-level property management overhead or financing-related costs. NOI reflects the operating performance of a community, and allows for an easier comparison of the operating performance of individual assets or groups of assets. In addition, because prospective buyers of real estate have different financing and overhead structures, with varying marginal impact to overhead as a result of acquiring real estate, NOI is considered by many in the real estate industry to be a useful measure for determining the value of a real estate asset or groups of assets. A reconciliation of NOI to Net Income, as well as a breakdown of NOI by operating segment, is as follows (dollars in thousands): Total Established Communities change in rental revenue New England 17,320 (7.3) Low 22,834 (0.02) TABLE 1 9.34 16,060 Joint venture losses % 1,547,190 6.3 0.03 (43) 0.03 Lease rates 416,929 2020 — (4,390) 1,594,174 (0.39) (0.18) 1,186,408 2020 $ 0.02 Established Communities Change in Rental Revenue 177,823 Gain on sale of unconsolidated entities holding previously depreciated real estate Market Rents as reported by the Company are based on the current market rates set by the Company based on its experience in renting apartments and publicly available market data. Trends in Market Rents for a region as reported by others could vary. Market Rents for a period are based on the average Market Rents during that period and do not reflect any impact for cash concessions. Net Debt-to-Core EBITDAre is calculated by the Company as total debt (secured and unsecured notes and the Company’s variable rate unsecured credit facility) that is consolidated for financial reporting purposes, less consolidated cash and cash in escrow, divided by annualized fourth quarter 2020 Core EBITDAre, as adjusted. A calculation of Net Debt-to-Core EBITDAre is as follows (dollars in thousands): 13,003 67,530 Net income Core EBITDAre, annualized — 176,249 (0.06) $ (2) See full release for discussion of variances. $1.85 1,351,632 0.03 — Income taxes 175,348 Development and Other Stabilized Community NOI NOI 531,380 % 22,602 Depreciation (real estate related) (0.18) Q3 2020 % 7,599 321,776 (7.1) 203,585 19,626 $ 6.6 times $ 1,286 13,003 1,998,198 % $ Other rental revenue (3.2) By Digital AIM Web Support – March 4, 2021 $ 168,006 2019 (249,106) 5,242 The Company repaid (i) $400,000,000 principal amount of its 3.625% unsecured notes in advance of the October 2020 scheduled maturity and (ii) $250,000,000 principal amount of its 3.95% unsecured notes in advance of the January 2021 scheduled maturity. In conjunction with these repayments, the Company recognized a loss on debt extinguishment of $9,170,000 composed of prepayment penalties and the non-cash write-off of unamortized deferred financing costs. $ 44,951 11,459 FFO attributable to common stockholders Q4 2020 Compared to Q4 2019 (3) Represents the imputed carry cost of the for-sale residential condominiums at The Park Loggia. The Company computes this adjustment bymultiplying the Total Capital Cost of completed and unsold for-sale residential condominiums by the Company’s weighted average unsecureddebt effective interest rate. NOI 2020 $ 48 1,303,207 Full Year 2020 Results 147,717 2.02 (2,221) — $ Core FFO per common share – diluted 3,334 % % Expansion Mkts Depreciation expense NOI (3,460) Opex(2) (4.5) (7.1) $ % Joint venture EBITDAre adjustments (2) (2) Consists primarily of $5,766,000 of recognized uncollectible commercial leaserevenue, of which $4,567,000 represents the write-off of straight line rent receivables. Per Share (1) % FFO and Core FFO are considered by management to be supplemental measures of our operating and financial performance. FFO is calculated by the Company in accordance with the definition adopted by NAREIT. FFO is calculated by the Company as Net income or loss attributable to common stockholders computed in accordance with GAAP, adjusted for gains or losses on sales of previously depreciated operating communities, cumulative effect of a change in accounting principle, impairment write-downs of depreciable real estate assets, write-downs of investments in affiliates which are driven by a decrease in the value of depreciable real estate assets held by the affiliate and depreciation of real estate assets, including adjustments for unconsolidated partnerships and joint ventures. By excluding gains or losses related to dispositions of previously depreciated operating communities and excluding real estate depreciation (which can vary among owners of identical assets in similar condition based on historical cost accounting and useful life estimates), FFO can help one compare the operating and financial performance of a company’s real estate between periods or as compared to different companies. Core FFO is the Company’s FFO as adjusted for non-core items outlined in the table below. By further adjusting for items that are not considered by us to be part of our core business operations, Core FFO can help one compare the core operating and financial performance of the Company between periods. A reconciliation of Net income attributable to common stockholders to FFO and to Core FFO is as follows (dollars in thousands): 98.1% 1,503,300 Core FFO (2,894) Lease rates 46,358 Cash and cash in escrow % Q3 0.12 Q4 2020 Projected EPS, Projected FFO and Projected Core FFO Outlook (1) —   Copyright © 2021 AvalonBay Communities, Inc. All Rights Reserved View source version on businesswire.com:https://www.businesswire.com/news/home/20210203005913/en/ CONTACT: Jason Reilley Vice President of Investor Relations 703-317-4681 KEYWORD: VIRGINIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY REIT SOURCE: AvalonBay Communities, Inc. Copyright Business Wire 2021. PUB: 02/03/2021 04:15 PM/DISC: 02/03/2021 04:16 PM http://www.businesswire.com/news/home/20210203005913/en 45,354 % Metro NY/NJ $ (112) $ Economic occupancy 14.7 % (385) 2.44 % 50 Mid-Atlantic 14,385 (2) Consists primarily of $11,157,000 of recognized uncollectible commercial leaserevenue, of which $5,514,000 represents the write-off of straight line rent receivables. 171,364 0.03 7.8 1.20 (13.2) % 1.91 % Pacific NW (0.15) (527) 3,015 2.1 $0.91 (256) (1.6) 9,333 1.69 7.1 For-sale condominium imputed carry cost (3) Total % Overhead and other 83,244 Commercial rental revenue (2) 2.7 (19.0) $ Depreciation expense $ (0.69) 8,502 (0.40) (1.1) % Expansion Mkts % Business interruption insurance proceeds $ 20.0 12,399 6.4 (0.39) % — 2,026,719 Severance related costs 11,048 (2,551) % Revenue from real estate assets sold or held for sale (5,157) 45,595 23,407 % Full Year Capital markets and transaction activity 1,611 Development pursuit write-offs and expensed transaction costs, net 1,406,905 (27,814) 100.0 $ (10.3) (1.4) % AvalonBay Communities, Inc. Announces 2020 Operating Results and Initial 2021 Financial Outlook (4,320) Full Year 2020 Compared to Full Year 2019 60,041 Legal settlements (4) 0.5 Metro NY/NJ 1,825 (0.3) — Development and Other Stabilized Community NOI 1.3 0.26 8.69 (0.1) 94 2.43 $ Gain on sale of communities % — NOI from real estate assets sold or held for sale % ofNOI (3) % 20,073 % (3.7) (1.7) 9.18 Uncollectible lease revenue (1) % Full Year 2020 Compared to Full Year 2019 2.9 TABLE 3 5,484 (1) Includes gains and losses on extinguishment of debt and interest rate contracts, if applicable. Gain on other real estate transactions ARLINGTON, Va.–(BUSINESS WIRE)–Feb 3, 2021– AvalonBay Communities, Inc. (NYSE: AVB) (the “Company”) reported today that Net Income Attributable to Common Stockholders for the three months ended December 31, 2020 was $341,128,000. This resulted in an increase in Earnings per Share – diluted (“EPS”) for the three months ended December 31, 2020 of 103.3% to $2.44 from $1.20 for the prior year period, primarily attributable to an increase in gain on sale of real estate and depreciation expense, partially offset by a decrease in Established Community NOI, as detailed in the table below. Funds from Operations attributable to common stockholders – diluted (“FFO”) per share for the three months ended December 31, 2020 decreased 18.9% to $1.93 from $2.38 for the prior year period. Core FFO per share (as defined in this release) for the three months ended December 31, 2020 decreased 16.9% to $2.02 from $2.43 for the prior year period. The following table compares the Company’s actual results for EPS, FFO per share and Core FFO per share for the three months ended December 31, 2020 to its results for the prior year period: NOI (2) Includes joint venture interest, taxes, depreciation, gain on dispositions of depreciated real estate and impairment losses, if applicable, included in net income. 83,008 So. California 5.63 (17.6) 2019 (4.8) $ 364,822 Q4 Gain on other real estate transactions (14.1) No. California % 2,304 (0.7) % 97,443 73,443 WhatsApp (2) See full release for discussion of variances. 1,220,597 (2.6) 2,428 $ 12 Economic occupancy (0.5) 7,316,282 % $ (2,894) — For further discussion of collection rates and limitations on use of this data, see Definitions and Reconciliations. The ongoing impact from COVID-19 on the Company’s consolidated results of operations will be affected by the duration and severity of the pandemic, and how quickly and to what extent normal economic and operating conditions resume. Because of these factors, the Company’s historical results, including results for the three months and year ended December 31, 2020 and information through February 3, 2021, may not be indicative of results for future periods. Development Activity During the three months ended December 31, 2020, the Company completed the development of four consolidated apartment communities:Avalon Marlborough II, located in Marlborough, MA;Avalon Towson, located in Towson, MD;Avalon Walnut Creek II, located in Walnut Creek, CA; andAvalon Doral, located in Doral, FL. These communities contain an aggregate of 1,044 apartment homes and were constructed for a Total Capital Cost of $385,000,000. During the three months ended December 31, 2020, the Company started the construction of three consolidated apartment communities:Avalon Harbor Isle, located in Island Park, NY;Avalon Easton II, located in Easton, MA; andAvalon Somerville Station, located in Somerville, NJ. These communities are expected to contain an aggregate of 591 apartment homes and are expected to be developed for an aggregate estimated Total Capital Cost of $221,000,000. During the year ended December 31, 2020, the Company completed the development of eight consolidated communities containing an aggregate of 2,095 apartment homes for an aggregate Total Capital Cost of $777,000,000. During the year ended December 31, 2020, the Company started the construction of three consolidated apartment communities and one unconsolidated apartment community. At December 31, 2020, the Company had 16 consolidated Development Communities under construction that in the aggregate are expected to contain 5,128 apartment homes and 62,000 square feet of commercial space. Estimated Total Capital Cost at completion for these Development Communities is $1,951,000,000. As of December 31, 2020, the Company has an estimated remaining Total Capital Cost of $559,000,000 to invest over the next several years on the 16 Development Communities under construction and recently completed Development Communities. At December 31, 2020, the Company had two Unconsolidated Development Communities under construction that in the aggregate are expected to contain 803 apartment homes and 56,000 square feet of commercial space. Estimated Total Capital Cost at completion for these Unconsolidated Development Communities is $386,000,000, with an estimated remaining equity investment of the Company of $38,400,000 after expected loan proceeds as of December 31, 2020. See the full release for further discussion. During the three months ended December 31, 2020, the Company acquired three land parcels for future development, for an aggregate investment of $77,350,000. Disposition Activity Consolidated Apartment Communities During the three months ended December 31, 2020, the Company sold six wholly-owned operating communities:Avalon Somerset, located in Somerset, NJ;Eaves San Rafael, located in San Rafael, CA;Avalon Cohasset, located in Cohasset, MA;Avalon Wilton on Danbury Rd, located in Wilton, CT;Avalon Stratford, located in Stratford, CT; andEaves Diamond Heights, located in San Francisco, CA. In aggregate, the six communities contain 1,242 apartment homes and were sold for $444,100,000, resulting in a gain in accordance with GAAP of $249,122,000 and an Economic Gain of $160,460,000. In January 2021, the Company sold eaves Stamford, a wholly-owned operating community, located in Stamford, CT, that contains 238 apartment homes, for $72,000,000. During the year ended December 31, 2020, the Company sold nine wholly-owned operating communities containing an aggregate of 1,817 apartment homes. These assets were sold for $627,750,000 and a weighted average Initial Market Cap Rate of 4.4%, resulting in a gain in accordance with GAAP of $340,444,000 and an Economic Gain of $210,701,000. During the three months and year ended December 31, 2020, the Company sold 11 and 70 of the 172 residential condominiums at The Park Loggia, located in New York, NY, for gross proceeds of $33,860,000 and $216,372,000, respectively. At December 31, 2020, 69% of the 66,000 square feet of commercial space has been leased. In addition, subsequent to quarter end and through the date of this release, the Company sold three residential condominiums for gross proceeds of $5,940,000 Liquidity and Capital Markets At December 31, 2020, the Company did not have any borrowings outstanding under its $1,750,000,000 unsecured credit facility, and had $313,532,000 in unrestricted cash and cash in escrow. The Company’s annualized Net Debt-to-Core EBITDAre (as defined in this release) for the fourth quarter of 2020 was 5.4 times and Unencumbered NOI (as defined in this release) was 94%. During the year ended December 31, 2020, the Company had the following debt activity:In public offerings under its existing shelf registration statement, the Company issued (i) $700,000,000 principal amount of unsecured notes for net proceeds of $694,701,000, maturing in March 2030 and with a 2.30% coupon and an effective interest rate of 2.68%, including the impact of an interest rate hedge and offering costs and (ii) $600,000,000 principal amount of unsecured notes for net proceeds of $593,430,000, maturing in January 2031 with a 2.45% coupon and an effective interest rate of 2.65%, including the impact of an interest rate hedge and offering costs. 50,976 (440) 337,908 $ % 5.89 % Operating expenses from real estate assets sold or held for sale (7.4) % $ Gain on sale of communities 0.12 327,356 2.38 (7.6) 265 14.5 19.8 171,314 $ 3,401 (0.10) $ 455 (1) For additional detail on reconciling items between EPS, FFO and Core FFO, see Definitions and Reconciliations, table 2. 3.3 Total residential rental revenue Facebook (1) Balance at December 31, 2020 excludes $10,380 of debt discount and $37,615 of deferred financing costs asreflected in unsecured notes, net, and $14,478 of debt discount and $3,004 of deferred financing costs as reflected in notespayable on the Condensed Consolidated Balance Sheets. % Joint venture income Pinterest 382,385 (1.3) Projected Core FFO per share (diluted) – Q1 2021 0.7 (0.02) (1.5) Uncollectible lease revenue (1) 1.9 Capital markets and transaction activity 1,547,190 (3.2) 2,104,521 139,968,027 % Pacific NW 58,042 (0.06) $ Overhead and other (0.68) (451) The following table reflects the percentage changes in rental revenue, operating expenses and NOI for Established Communities for the year ended December 31, 2020 compared to the year ended December 31, 2019: — Q1 2021 (156) $ At quarter end (2) 3,812 Q4 2020 per share reported results $ Full Year Established Communities Operating Results for the Year Ended December 31, 2020 Compared to the Prior Year For Established Communities, total revenue decreased $78,971,000, or 3.7%, to $2,028,317,000. Residential and commercial uncollectible lease revenue contributed $43,970,000 of this decrease, comprised of $33,768,000 for residential and $10,202,000 for commercial. Operating expenses for Established Communities increased $17,424,000, or 2.9%, to $621,412,000. NOI for Established Communities decreased $96,395,000, or 6.4%, to $1,406,905,000. Rental revenue for Established Communities decreased 3.7%, as detailed in the following table: 341,128 (5,788) % 94.8% 3,561 Twitter (2) The Collected Residential Revenue percentage as of June 30, 2020 for Q2 2020,September 30, 2020 for Q3 2020 and December 31, 2020 for Q4 2020, respectively. Gain on sale of real estate and depreciation expense (4) Collected Residential Revenue for January 2021 as of January 31, 2021 was 92.9%,which is 94.9% of the AVB Residential Benchmark. % 11,919 $ (256) % 13,376 Joint venture income (0.03) $ Expansion Markets % – $ 7,629,814 Rental Revenue (1) (5) The benefit for Q4 and full year 2020 relates to tax losses generated through taxable REIT subsidiaries (“TRS”) as well as provisions of the Coronavirus Aid,Relief, and Economic Security Act. Amount for full year 2019 consists of $5,782 related to GAAP to tax basis differences at The Park Loggia development and$7,221 related to the other activity the Company undertook in our TRS, including the disposition of two wholly-owned operating communities and deferred taxobligations related to the Company’s sustainability initiatives. $1.91 $ (2) Aggregate impact of (i) Gain on for-sale condominiums and (ii) For-sale condominium marketing, operating and administrative costs, is a netexpense of $1,611 for Q4 2020 and a net gain of $2,551 for full year 2020, and an expense of $1,286 and $3,812 for Q4 and full year 2019, respectively. — $1.95 Q4 Q1 $ 1,594,174 Gain on interest rate contract 15.5 Q4 2020 Compared to Q4 2019 341,114 % change — cash revenue The Company borrowed $51,000,000 under a mortgage note with a maturity date of March 2027 and a contractual interest rate of 2.38%, in conjunction with the refinancing of $50,616,000 of secured indebtedness that had a contractual interest rate of 3.08%. Income tax benefit Q2 2020 % 567 — 82,324 5.8 $ % (6.4) 3,294 Mid-Atlantic (439) (0.02) Projected NOI, as used within this release for certain Development Communities and in calculating the Initial Year Market Cap Rate for dispositions, represents management’s estimate, as of the date of this release (or as of the date of the buyer’s valuation in the case of dispositions), of projected stabilized rental revenue minus projected stabilized operating expenses. For Development Communities, Projected NOI is calculated based on the first twelve months of Stabilized Operations following the completion of construction. In calculating the Initial Year Market Cap Rate, Projected NOI for dispositions is calculated for the first twelve months following the date of the buyer’s valuation. Projected stabilized rental revenue represents management’s estimate of projected gross potential minus projected stabilized economic vacancy and adjusted for projected stabilized concessions plus projected stabilized other rental revenue. Projected stabilized operating expenses do not include interest, income taxes (if any), depreciation or amortization, or any allocation of corporate-level property management overhead or general and administrative costs. In addition, projected stabilized operating expenses for Development Communities do not include property management fee expense. Projected gross potential for Development Communities and dispositions is generally based on leased rents for occupied homes and management’s best estimate of rental levels for homes which are currently unleased, as well as those homes which will become available for lease during the twelve month forward period used to develop Projected NOI. The weighted average Projected NOI as a percentage of Total Capital Cost (“Weighted Average Initial Projected Stabilized Yield”) is weighted based on the Company’s share of the Total Capital Cost of each community, based on its percentage ownership. Management believes that Projected NOI of the Development Communities, on an aggregated weighted average basis, assists investors in understanding management’s estimate of the likely impact on operations of the Development Communities when the assets are complete and achieve stabilized occupancy (before allocation of any corporate-level property management overhead, general and administrative costs or interest expense). However, in this release the Company has not given a projection of NOI on a company-wide basis. Given the different dates and fiscal years for which NOI is projected for these communities, the projected allocation of corporate-level property management overhead, general and administrative costs and interest expense to communities under development is complex, impractical to develop, and may not be meaningful. Projected NOI of these communities is not a projection of the Company’s overall financial performance or cash flow. There can be no assurance that the communities under development will achieve the Projected NOI as described in this release. Redevelopment Communities are consolidated communities where substantial redevelopment is in progress or is probable to begin during the current year. Redevelopment is considered substantial when (i) capital invested during the reconstruction effort is expected to exceed the lesser of $5,000,000 or 10% of the community’s pre-redevelopment basis and (ii) physical occupancy is below or is expected to be below 90% during or as a result of the redevelopment activity. Redevelopment Communities include one community containing 344 apartment homes that are currently under active redevelopment as of December 31, 2020. Rental Revenue with Residential Concessions on a Cash Basis is considered by the Company to be a supplemental measure to rental revenue in conformity with GAAP to help investors evaluate the impact of both current and historical residential concessions on GAAP-based rental revenue and to more readily enable comparisons to revenue as reported by other companies. In addition, Rental Revenue with Residential Concessions on a Cash Basis allows an investor to understand the historical trend in residential cash concessions. A reconciliation of rental revenue from Established Communities in conformity with GAAP to Rental Revenue with Residential Concessions on a Cash Basis is as follows (dollars in thousands): % 18.8 28,412 Q4 2,153 Gain on sale of real estate and depreciation expense 23,496 Pacific NW EPS % (7,599) 7,907 Interest Coverage 305,450 (249,106) 305,408 455 (2,178) (14.3) $ $ Projected FFO per share Expensed transaction, development and other pursuit costs, net of recoveries % Q4 (1) Uncollectible lease revenue increased $11,217,000 over the prior year periodto $14,346,000, or 2.87% of total residential revenue, as compared to 0.59% oftotal residential revenue for the prior year period. 12,602 77,829 Interest expense, net 11,317 2020 2019 % — 786,103 5.4 times 167,650 Commercial % change — GAAP revenue (28,412) % 250,142 3.6 % 704,331 Depreciation – real estate assets, including joint venture adjustments 2019 (65) (1,348) Comparison to Full Year 2019 2020 (1,441) (7.6) LowRange Distributions to noncontrolling interests (3.5) 139,632,368 18,117 WhatsApp (1) See Definitions and Reconciliations, table 7, for reconciliations of ProjectedFFO per share and Projected Core FFO per share to Projected EPS. — COVID-19 Operational Update Established Communities Collections Update The following table provides an update for residential revenue collections for Established Communities for Q2 2020 through Q4 2020 as of each respective quarter end, as well as through January 31, 2021 for the periods presented. Collected residential revenue represents the portion of apartment base rent charged to residents and other rentable items, including parking and storage rent, along with pet and other fees in accordance with residential leases, that has been collected (“Collected Residential Revenue”), and excludes transactional and other fees. Net debt 1,650 — 0.26 (12.4) (112) Twitter 2019 per share reported results TABLE 9 22,724 — 2,327 531,456 (6.3) Total debt principal (1) 73,168 Collected Residential Revenue 70,719 3.5 % Core EBITDAre — 92,040 % (439) $ 12 — Indirect operating expenses, net of corporate income $ 87 % (0.36) $center_img 9,399 Q4 2020 Results Compared to Q4 2019 27 The following table reflects the percentage changes in rental revenue, operating expenses and NOI for Established Communities for the three months ended December 31, 2020 compared to the three months ended December 31, 2019: 0.02 % 13,618 2020 Net for-sale condominium activity % ofNOI (3) Loss on extinguishment of consolidated debt 1.26 (39) 371,329 % $ For-sale condominium marketing, operating and administrative costs (2) 332,932 $ Full Year 2020 % 202,812 NOI on encumbered assets Joint venture loss (income) $ (65) Total Established 827,630 Commercial (166,105) 82,186 (16,539) % 82,204 490 $ Severance related costs (2,178) Executive transition costs 2020 (0.69) Core FFO attributable to common stockholders Q2 22.8 $ 5.63 $ Concessions and other discounts $ 2019 Projected FFO per share (diluted) – Q1 2021 Net Debt-to-Core EBITDAre Average shares outstanding – diluted First Quarter Conference Schedule Management is scheduled to present at Citi’s Global Property CEO Conference from March 8 – 11, 2021. During this conference, management may discuss the Company’s current operating environment; operating trends; development, redevelopment, disposition and acquisition activity; financial outlook; portfolio strategy and other business and financial matters affecting the Company. Details on how to access a webcast of the Company’s presentation will be available in advance of the conference event on the Company’s website at http://www.avalonbay.com/events. Other Matters The Company will hold a conference call on February 4, 2021 at 1:00 PM ET to review and answer questions about this release, its fourth quarter 2020 results and 2021 outlook, the Attachments (described below) and related matters. To participate on the call, dial 800-458-4121 and use conference id: 1919406. To hear a replay of the call, which will be available from February 4, 2021 at 6:00 PM ET to February 11, 2021 at 6:00 PM ET, dial 888-203-1112 and use conference id: 1919406. A webcast of the conference call will also be available at http://www.avalonbay.com/earnings, and an on-line playback of the webcast will be available for at least seven days following the call. The Company produces Earnings Release Attachments (the “Attachments”) that provide detailed information regarding operating, development, redevelopment, disposition and acquisition activity. These Attachments are considered a part of this earnings release and are available in full with this earnings release via the Company’s website at http://www.avalonbay.com/earnings. To receive future press releases via e-mail, please submit a request through http://investors.avalonbay.com/email—notification. In addition to the Attachments, the Company is providing a teleconference presentation that will be available on the Company’s website at http://www.avalonbay.com/earnings subsequent to this release and before the market opens on February 4, 2021. About AvalonBay Communities, Inc. As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company 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 markets consisting of Southeast Florida and Denver, Colorado (the “Expansion Markets”). More information may be found on the Company’s website at http://www.avalonbay.com. For additional information, please contact Jason Reilley, Vice President of Investor Relations, at 703-317-4681. Forward-Looking Statements This release, including its Attachments, contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, which you can identify by the Company’s use of words such as “expects,” “plans,” “estimates,” “anticipates,” “projects,” “intends,” “believes,” “outlook” and similar expressions that do not relate to historical matters, are based on the Company’s expectations, forecasts and assumptions at the time of this release, which may not be realized and involve risks and uncertainties that cannot be predicted accurately or that might not be anticipated. These could cause actual results to differ materially from those expressed or implied by the forward-looking statements. Risks and uncertainties that might cause such differences include those related to the COVID-19 pandemic, about which there are many uncertainties, including (i) the duration and severity of the pandemic, (ii) the effectiveness and timing of the vaccine availability and (iii) the effect on the multifamily industry and the general economy of measures taken by businesses and the government to prevent the spread of the novel coronavirus and relieve economic distress of consumers, such as governmental limitations on the ability of multifamily owners to evict residents who are delinquent in the payment of their rent. The adverse impact over the long-term of the pandemic on our business, results of operations, cash flows and financial condition could be material. In addition, the effects of the pandemic are likely to heighten the following risks, which we routinely face in our business: we may abandon development or redevelopment opportunities for which we have already incurred costs; adverse capital and credit market conditions may affect our access to various sources of capital and/or cost of capital, which may affect our business activities, earnings and common stock price, among other things; changes in local employment conditions, demand for apartment homes, supply of competitive housing products, landlord-tenant laws, including the adoption of new rent control regulations, and other economic or regulatory conditions may result in lower than expected occupancy and/or rental rates and adversely affect the profitability of our communities; delays in completing development, redevelopment and/or lease-up may result in increased financing and construction costs and may delay and/or reduce the profitability of a community; debt and/or equity financing for development, redevelopment or acquisitions of communities may not be available or may not be available on favorable terms; we may be unable to obtain, or experience delays in obtaining, necessary governmental permits and authorizations; expenses may result in communities that we develop or redevelop failing to achieve expected profitability; our assumptions concerning risks relating to our lack of control of joint ventures and our abilities to successfully dispose of certain assets may not be realized; our assumptions and expectations in our financial outlook may prove to be too optimistic; and the timing and net proceeds of condominium sales may not equal our current expectations. Additional discussions of risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements (and which risks may also be heightened because of the COVID-19 pandemic) appear in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 under the heading “Risk Factors” and under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Forward-Looking Statements” and in subsequent quarterly reports on Form 10-Q. The Company does not undertake a duty to update forward-looking statements, including its expected 2021 operating results and other financial data forecasts contained in this release. The Company may, in its discretion, provide information in future public announcements regarding its outlook that may be of interest to the investment community. The format and extent of future outlooks may be different from the format and extent of the information contained in this release. Definitions and Reconciliations Non-GAAP financial measures and other capitalized terms, as used in this earnings release, are defined, reconciled and further explained on Attachment 14, Definitions and Reconciliations of Non-GAAP Financial Measures and Other Terms. Attachment 14 is included in the full earnings release available at the Company’s website at http://www.avalonbay.com/earnings. This wire distribution includes only the following definitions and reconciliations. AVB Residential Benchmark represents the average monthly revenue collections as a percentage of amounts billed for the referenced day of the month for the period from April 2019 to March 2020. Average Rental Rates are calculated by the Company as rental revenue in accordance with GAAP, divided by the weighted average number of occupied apartment homes. Development Communities are consolidated communities that are either currently under construction, or were under construction and were completed during the current year. These communities may be partially or fully complete and operating. Economic Occupancy (“Ec Occ”) is defined as total possible revenue less vacancy loss as a percentage of total possible revenue. Total possible revenue (also known as “gross potential”) is determined by valuing occupied units at contract rates and vacant units at Market Rents. Vacancy loss is determined by valuing vacant units at current Market Rents. By measuring vacant apartments at their Market Rents, Economic Occupancy takes into account the fact that apartment homes of different sizes and locations within a community have different economic impacts on a community’s gross revenue. Economic Gain is calculated by the Company as the gain on sale in accordance with GAAP, less accumulated depreciation through the date of sale and any other adjustments that may be required under GAAP accounting. Management generally considers Economic Gain to be an appropriate supplemental measure to gain on sale in accordance with GAAP because it helps investors to understand the relationship between the cash proceeds from a sale and the cash invested in the sold community. The Economic Gain for disposed communities is based on their respective final settlement statements. A reconciliation of the aggregate Economic Gain to the aggregate gain on sale in accordance with GAAP for the wholly-owned operating communities disposed of during the year ended December 31, 2020 is presented elsewhere in the full release. Established Communities are consolidated communities in the markets where the Company has a significant presence, including the Company’s Expansion Markets of Southeast Florida and Denver, Colorado, and where a comparison of operating results from the prior year to the current year is meaningful, as these communities were owned and had Stabilized Operations, as defined below, as of the beginning of the respective prior year period. Therefore, for 2020 operating results, Established Communities are consolidated communities that have Stabilized Operations as of January 1, 2019, are not conducting or are not probable to conduct substantial redevelopment activities and are not held for sale or probable for disposition within the current year. Established Communities Collections are the collection rates based on individual resident and commercial tenant activity as reflected in the Company’s property management systems, and are presented to provide information about collections trends during the COVID-19 pandemic. Prior to the COVID-19 pandemic, the collections information provided was not routinely produced for internal use by senior management or publicly disclosed by the Company, and is a result of analysis that is not subject to internal controls over financial reporting. This information is not prepared in accordance with GAAP, does not reflect GAAP revenue or cash flow metrics, may be subject to adjustment in preparing GAAP revenue and cash flow metrics at the end of the three months and year ended December 31, 2020. Additionally, this information should not be interpreted as predicting the Company’s financial performance, results of operations or liquidity for any period. EBITDA, EBITDAre and Core EBITDAre are considered by management to be supplemental measures of our financial performance. EBITDA is defined by the Company as net income or loss attributable to the Company before interest income and expense, income taxes, depreciation and amortization. EBITDAre is calculated by the Company in accordance with the definition adopted by the Board of Governors of the National Association of Real Estate Investment Trusts (“NAREIT”), as EBITDA plus or minus losses and gains on the disposition of depreciated property, plus impairment write-downs of depreciated property, with adjustments to reflect the Company’s share of EBITDAre of unconsolidated entities. Core EBITDAre is the Company’s EBITDAre as adjusted for non-core items outlined in the table below. By further adjusting for items that are not considered part of the Company’s core business operations, Core EBITDAre can help one compare the core operating and financial performance of the Company between periods. A reconciliation of EBITDA, EBITDAre and Core EBITDAre to net income is as follows (dollars in thousands): (1,175) Earnings per share – diluted 666,563 % 1,650 % % (7,872) $ 2.38 % 87 1.93 $ % $ 394,110 $ % % At January 31, 2021 (3)(4) $ % 214,151 (8,213) Income tax (benefit) expense $ 2020 % 2020 281,767 (0.5) Established Communities Collections (1) (1) For additional detail on reconciling items between EPS, FFO and Core FFO, see Definitions and Reconciliations, table 2. 95.9% Core EBITDAre (2.1) Q4 Gain on other real estate transactions $ 51,589 3,428 11,443 (1.0) Legal settlements $ 5.89 2.02 268,874 % $ (0.7) (6.1) Core EBITDAre Business interruption insurance proceeds (45,354) Established Community NOI (2) (2.2) $ (3) Represents % of total NOI for Full Year 2020, including amounts related tocommunities that have been sold or that are classified as held for sale. $ 485,735 140,435,195 Income tax (benefit) expense (5) 8,558 % (0.7) (249,106) Q1 TABLE 5 No. California 18,578 5,662 (3,247) $ (1,522) NOI as reported by the Company does not include the operating results from assets sold or classified as held for sale. A reconciliation of NOI from communities sold or classified as held for sale is as follows (dollars in thousands): The Company repaid $67,904,000 principal amount of 4.18% fixed rate debt secured by Avalon Hoboken at par in advance of its December 2020 maturity date. Stock Repurchase Program In July 2020, the Company’s Board of Directors approved a new stock repurchase program under which the Company may acquire shares of its common stock in open market or negotiated transactions up to an aggregate purchase price of $500,000,000. This authority may be exercised from time to time in the Company’s discretion and in such amounts as market conditions warrant. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions and other corporate liquidity requirements and priorities. The stock repurchase program does not have an expiration date and may be suspended or terminated at any time without prior notice. The Company intends that funds used for the stock repurchase program will be matched over time with the proceeds from sales of existing apartment communities and in some cases with newly issued debt, but initially may be funded from existing cash balances, retained cash flow and/or the Company’s line of credit. Under this program, during the three months and year ended December 31, 2020, the Company repurchased 313,057 shares of common stock at an average price of $148.25 per share and 1,225,790 shares of common stock at an average price of $149.99 per share, respectively. First Quarter 2021 Financial Outlook The following presents a summary of the Company’s financial outlook for 2021, further details for which are provided in the full release. For its first quarter 2021 financial outlook, the Company expects the following: Concessions and other discounts 100.0 8,445 Facebook 289 Pinterest (1) Represents the change as a percent of total rental revenue. See full release for additional detail. (3.0) $ 2.8 $ 56,190 827,706 (4) Amounts for 2019 include $2,237 in legal settlement proceeds related to a construction defect at a community, and amount for full year 2019also includes $3,126 in legal settlement proceeds related to a former development opportunity. EBITDAre 11,676 (6.7) 64,655 Commercial rental revenue (2) 23,837 (24,436) Full Year Stabilized Operations/Restabilized Operations is defined as the earlier of (i) attainment of 90% physical occupancy or (ii) the one-year anniversary of completion of development or redevelopment. Total Capital Cost includes all capitalized costs projected to be or actually incurred to develop the respective Development or Redevelopment Community, including land acquisition costs, construction costs, real estate taxes, capitalized interest and loan fees, permits, professional fees, allocated development overhead and other regulatory fees, offset by proceeds from the sale of any associated land or improvements, all as determined in accordance with GAAP. Total Capital Cost also includes costs incurred related to first generation commercial tenants, such as tenant improvements and leasing commissions. For Redevelopment Communities, Total Capital Cost excludes costs incurred prior to the start of redevelopment when indicated. With respect to communities where development or redevelopment was completed in a prior or the current period, Total Capital Cost reflects the actual cost incurred, plus any contingency estimate made by management. Total Capital Cost for communities identified as having joint venture ownership, either during construction or upon construction completion, represents the total projected joint venture contribution amount. For joint ventures not in construction, Total Capital Cost is equal to gross real estate cost. Unconsolidated Development Communities are communities that are either currently under construction, or were under construction and were completed during the current year, in which we have an indirect ownership interest through our investment interest in an unconsolidated joint venture. These communities may be partially or fully complete and operating. Unencumbered NOI as calculated by the Company represents NOI generated by real estate assets unencumbered by outstanding secured notes payable as of December 31, 2020 as a percentage of total NOI generated by real estate assets. The Company believes that current and prospective unsecured creditors of the Company view Unencumbered NOI as one indication of the borrowing capacity of the Company. Therefore, when reviewed together with the Company’s Interest Coverage, EBITDA and cash flow from operations, the Company believes that investors and creditors view Unencumbered NOI as a useful supplemental measure for determining the financial flexibility of an entity. A calculation of Unencumbered NOI for the year ended December 31, 2020 is as follows (dollars in thousands): (46,638) 8,110 0.97 13,578 0.91 $ $ For-sale condominium marketing, operating and administrative costs (512) 51,589 Q4 337,908 51,589 $ 2.43 Net income % — — (0.16) 707,331 9,170 $ % 64,712 (39) % 13,985 15,573 % 3,812 646 602 (1) Represents the change as a percent of total rental revenue. See full release for additional detail. % (5,083) Local News (1) Collections presented reflect the Company’s Established Communities as ofDecember 31, 2020 and excludes commercial revenue, which was 0.7% and 1.2% of theCompany’s 2020 and 2019 Established Communities’ total revenue, respectively. (6,422) % 1.85 (27) (1) Uncollectible lease revenue increased $33,768,000 over the prior year to$44,829,000, or 2.18% of total residential revenue, as compared to 0.53% of totalresidential revenue for the prior year. 54,190 Full Year 177,911 % 0.26 Gain on for-sale condominiums (2) % 1,825 6,351 (1.0) (340,444) Lost NOI from casualty losses covered by business interruption insurance FFO per common share – diluted Gain on sale of communities EBITDA $ (0.3) % $ 661,578 (166,105) 2.8 on a Cash Basis 2020 % % 7,907 (3,247) 97.1% (0.02) Full Year $ 1.95 53,249 NOI for Development/Redevelopment Communities So. California 336,593 7,069 (5,242) (9,399) (7,069) Income taxes 6.1 $ 60 23,108 $ 364,822 — (6,292) $ 46 Total 176,840 170,869 2020 $ (129) Q4 2019 per share reported results Residential rental revenue 359,326 (2) Established Community uncollectible residential and commercial lease revenue increased $0.32 over the prior year. $ Development/Redevelopment $ 7,804 27 10,139 NOI from real estate assets sold or held for sale Metro NY/NJ 13.1 New England TABLE 4 Opex(2) (0.39) Established Community NOI (2) 50,125 568,348 % 73,797 NOI for Other Stabilized Communities Residential $ 139,571,550 15.5 4,991 8.69 $ 55,914 785,974 1.20 — 383,319 22.2 20,687 $ 375 11,902 76,093 (8,652) Advocacy contributions 62,245 76,875 $ 75,408 $ — 394,110 (0.3) Q4 Interest expense, net 71,125 (112) 17,051 % (1.7) $1.81 3,372 % 193,053 — 2,093 Q4 % 675 (0.18) Rental Revenue with Residential Concessions 8.45 (3.7) $ Core FFO (0.7) Q3 % 413,847 % $ (1.4) 94,775 74,814 (3.6) Development pursuit write-offs and expensed transaction costs, net (1) NOI (8,502) (340,444) $ Per Share (1) Residential rental revenue 4.0 New England (2,178) 0.02 476,408 $ 1,480,827 95.4% (12.3) $ Gain on sale of previously depreciated real estate (1,133) (1) See the full release for additional detail. 8.45 % (0.3) Adjustments related to residential for-sale condominiums at The Park Loggia (1) Advocacy contributions 341,114 Other Stabilized Q2 4,121 $ 52,076 322,536 28,412 TABLE 6 Interest expense, net (1) 2020 375 Projected EPS (1) Amounts for 2020 include the write-off of $7,264 for a development opportunity in New York City, with a projected Total Capital Cost of$688,000, that the Company no longer expects is probable. Full Year (0.6) $1.01 NOI on unencumbered assets % Established Communities Operating Results for the Three Months Ended December 31, 2020 Compared to the Prior Year Period For Established Communities, total revenue decreased $46,103,000, or 8.7%, to $485,961,000. Residential and commercial uncollectible lease revenue contributed $16,613,000 of this decrease, comprised of $11,217,000 for residential and $5,396,000 for commercial. Operating expenses for Established Communities increased $8,614,000, or 5.8%, to $157,359,000. NOI for Established Communities decreased $54,717,000, or 14.3%, to $328,602,000. Rental revenue for Established Communities decreased 8.6%, as detailed in the following table: (0.10) No. California Adjusting items: 13,127 % 1.01 $ $ (1.6) Gain on for-sale condominiums 2020 per share reported results Rental revenue (GAAP basis) — 50 (0.9) $ (440) 91 56,177 $ High (105) $ 268 1,286 (313,532) (7.2) $ 2019 $ 2,142 FFO TABLE 7 (5,788) (3,203) 2019 3,782 — (5.2) $ Rental Revenue (1) 60,343 1.30 0.02 602 NOI for Established Communities % TABLE 2 (5.1) (2) Established Community uncollectible residential and commercial lease revenue increased $0.12 over the prior year period. % (11.8) Residential concessions amortized % 48,245 (Gain) loss on extinguishment of debt, net 2020 % 2020 Net income attributable to common stockholders Mid-Atlantic EPS TABLE 8 337,908 22,799 74,601 2,105,152 (3) The percentage of Collected Residential Revenue as of January 31, 2021. % Total residential rental revenue 2019 For the year ended December 31, 2020, EPS increased 4.6% to $5.89 from $5.63 for the prior year, FFO per share decreased 8.0% to $8.45 from $9.18 for the prior year, and Core FFO per share decreased 7.0% to $8.69 from $9.34 for the prior year. The following table compares the Company’s actual results for EPS, FFO per share and Core FFO per share for the year ended December 31, 2020 to its results for the prior year: HighRange 19.8 % $ (1.8) % 1,280,690 % Total NOI generated by real estate assets (19,466) $ 416,929 75,964 Residential concessions granted (35,295) % % 53,399 339,906 (8.6) Full Year Established Communities Change in Rental Revenue 2020 $ (0.06) Full Year $ 167,671 371,329 Q4 27,400 413,847 (5.9) % Projected Core FFO per share 48 % % $ % (31,607) 298,900 0.9 So. California 1,406,905 5,484 (3) Represents % of total NOI for Q4 2020, including amounts related to communities that have been sold or that are classified as held for sale. (8.6) 48,245 NOI from real estate assets sold or held for sale General and administrative expense 95.2% — 82,455 9,333 Asset management fee intangible write-off 1,575,602 $ % 20,838 7.8 Other rental revenue TAGS  Established: 9.34 1.93 1.81 Previous articleUreeka Essential Series Helps Thousands of Black and Brown Entrepreneurs Boost RevenueNext articleUnited States Melanoma Market Report 2021: Epidemiology, Valuations and Forecast, Drugs Sales and Competitive Landscape 2017-2026 – ResearchAndMarkets.com Digital AIM Web Supportlast_img read more

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The Fed Funds Rate and Unconventional Wisdom

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily March 22, 2017 1,364 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Inventory and Prices Prevent Some Homeowners from Moving Next: CFPB to Re-Examine Regulation The Best Markets For Residential Property Investors 2 days ago The Fed Funds Rate and Unconventional Wisdom Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fed Housing Market Rates 2017-03-22 Rick Sharga in Daily Dose, Featured, Government, Market Studies Rick Sharga is EVP of Ten-X. Before joining Ten-X, Sharga was EVP at Carrington Mortgage Holdings and a SVP at RealtyTrac. Demand Propels Home Prices Upward 2 days agocenter_img  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Conventional wisdom suggests that rising Fed Funds rates are bad news for the still-recovering US Housing Market. And it’s easy to see a scenario unfold that supports this theory: lenders react to the Fed action by raising interest rates on mortgages; these higher interest rates, coupled with strong home price appreciation make housing less affordable, especially for homebuyers who were already uncertain that they could actually afford a home; and with consumer psychology being what it is, many other potential buyers would simply assume that the market was too expensive to enter, opting to stay on the sidelines. Lower affordability and less demand certainly don’t paint a pretty picture.Fortunately, conventional wisdom is often wrong, and there are several reasons why it might be wrong in this case:First, while there will be an effect on consumer psychology, it might actually be the opposite of the above scenario: seeing the Fed raise rates in 2017, and with two more rate increases this year likely, potential homebuyers will get into the market in order to buy a house before rates go any higher. Second, higher interest rates may provide enough of a financial cushion to encourage lenders to loosen some of the incredibly tight lending standards that have prevented millions of credit-worthy borrowers from getting mortgages. Higher rates will also drastically reduce the number of refinance loans being issued, which lenders may try to offset by doing more purchase loans.Third, while interest rates are likely to go up, rates on a 30-year fixed rate loan are still almost two points lower than the average interest rate paid by borrowers over the last 25 years, and home prices in all but the most overheated markets across the country are still very affordable by historical standards.Finally, since the 25 basis point hike was well within the range that most industry analysts had expected, rates may not go up as much as expected, at least for the time being.This is admittedly a much rosier scenario – motivated buyers, relaxed lending standards, and marginal mortgage rate increases, coupled with what appears to be strong wage and job growth. And if unconventional wisdom prevails, the spring selling season could be the strongest one we’ve seen in many years. The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Fed Housing Market Rates Home / Daily Dose / The Fed Funds Rate and Unconventional Wisdom The Best Markets For Residential Property Investors 2 days ago Share Save About Author: Rick Sharga Subscribelast_img read more

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Make COVID Vaccines Available At ₹150 By Invoking Price Control Measures: Plea Filed Before Jharkhand High Court

first_imgNews UpdatesMake COVID Vaccines Available At ₹150 By Invoking Price Control Measures: Plea Filed Before Jharkhand High Court Sparsh Upadhyay29 April 2021 5:00 AMShare This – xA plea has been moved before the Jharkhand High Court seeking direction to bring COVID-19 Vaccines (Covishield, Covaxin, etc) under price control by invoking Section 3 of Essential Commodities Act, 1955 and National Disaster Management Act, 2005. The petition has been filed by a practicing lawyer, Mohammad Mumtaz Ansari and it further seeks direction to fix the price of the vaccines at the rate to Rs. 150/- Submitting, the plea states, “The Central Government has left the fixing of the price of this lifesaving Covid-19 Vaccine on the manufacturer and they have been fixing the price of said vaccine in an unjustified, arbitrary, and unreasonable manner.” Likewise, the plea also states that the price of life-saving medical devices such as Oxygen Concentrator, Pulse Oximeter, Ventilator Machine, etc have not been brought under price control and that the manufacturers have fixed the price of such devices in an unjust, unreasonable, and arbitrary manner. Importantly, the plea argues, “That the Covid-19 Vaccines and Medical Devices are Essential Commodities within the meaning of Section 3 of Essential Commodities Act, 1955 whose price should be controlled by invoking the Essential Commodities Act, 1955 and National Disaster Management Act, 2005.” Further, considering the Health Emergency situation of the country and in the public interest, the plea prays that the price of life-saving Covid-19 Vaccines (Covishield, Covaxin, etc) and Medical Devices like Oxygen Concentrator, Pulse Oximeter, Ventilator Machine etc should be controlled. It has been stated in the plea that the lifesaving Vaccines and Medical Devices have been fixed by the manufacturing companies and the Maximum Retails Price of such lifesaving vaccine and medical devices have been kept very high (sometimes than double) which is unreasonable, unjust, and arbitrary. “The vaccine manufacturing companies have arbitrarily fixed the price of vaccine different for Central Government, State Governments and Private Hospitals which is unjust and unreasonable,” the plea further adds. Prayers in the plea: Direction to bring the lifesaving Covid-19 Vaccines (Covishield, Covaxin, etc) under price control by invoking Section 3 of Essential Commodities Act, 1955 and National Disaster Management Act, 2005 and to make available these Lifesaving drugs at the rate to Rs. 150/- to all. Direction to bring the Medical Devices like Oxygen Concentrator, Pulse Oximeter, Ventilator Machine, etc under price control, by invoking Section 3 of Essential Commodities Act, 1955 and National Disaster Management Act, 2005.TagsOxygen Shortage #Covid Vaccine Coronavirus Vaccine COVISHIELD Covaxin Jharkhand High Court National Disaster Management Act 2005 Covid-19 Vaccines Medical Facility healthcare Oxygen Concentrator Pulse Oximeter Ventilator Machine Medical Devices Next Storylast_img read more

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Road closed at Fintown following collision

first_img Google+ By News Highland – August 28, 2020 The R250 Glenties Road is blocked at Fintown because of a collision, with people being urged to avoid the area.Emergency services are at the scene.There are no reports of injuries, and no further details available. Facebook Pinterest Google+ WhatsApp Community Enhancement Programme open for applications Twitter Nine til Noon Show – Listen back to Monday’s Programme Previous articleWage Subsidy Scheme to be extended until March 2021Next articleMelmount Road blocked between Sion Mills and Strabane News Highland Pinterestcenter_img Road closed at Fintown following collision WhatsApp Homepage BannerNews Facebook Important message for people attending LUH’s INR clinic RELATED ARTICLESMORE FROM AUTHOR Loganair’s new Derry – Liverpool air service takes off from CODA Arranmore progress and potential flagged as population grows Twitter Publicans in Republic watching closely as North reopens furtherlast_img read more

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India: Admiral Anup Singh Visits Southern Naval Command

first_imgBack to overview,Home naval-today India: Admiral Anup Singh Visits Southern Naval Command September 30, 2011 View post tag: India Vice Admiral Anup Singh, Flag Officer Commanding in Chief Eastern Naval Command arrived at Kochi on 29 Sep 11 on a farewell visit to Southern Naval Command.The  Admiral  is  retiring  from  the  Navy  on  31st October after 38 years of illustrious service. Commissioned into the  Indian Navy in July 1973, Admiral Anup Singh has commanded four ships of different classes and capabilities. The Admiral also had the distinction of being the commissioning Commanding Officer of INS Veer, a missile vessel and INS Delhi, the first indigenously designed and built destroyer of Indian Navy.The  Admiral  was  commanding  the  Western  Fleet  when  he  led  Operation SUKOON, involving evacuation of civilians from war-torn Lebanon in July 2006. His other important assignments include being Chief of Staff of Western Naval Command and Chief Instructor (Navy) at the Defence Services Staff College, Wellington.  Vice Admiral Anup Singh was the Sailing Master of the first ever square-rigged Sail Training Vessel ‘Varuna’ in 1980-82. He also skippered the Naval Yacht ‘Samudra’ for the Pacific crossing during her round-the-world voyage in 1989.Vice Admiral Anup Singh unveiled a replica of INS Delhi installed at the Naval Base and built by Naval Ship Repair Yard, Kochi tomorrow prior to his departure for Visakhapatnam.[mappress]Source: indiannavy, September 30, 2011 View post tag: Command View post tag: Singh View post tag: Anup View post tag: Admiral View post tag: News by topiccenter_img View post tag: visits India: Admiral Anup Singh Visits Southern Naval Command Training & Education View post tag: Naval Share this article View post tag: Navy View post tag: southernlast_img read more

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Assistant Professor of Applied Mathematics / Data Science

first_imgAll applications and required documents must be submitted usingColumbus State University’s online employment site and a completepacket must be submitted for full consideration. If applicable, anyinternational transcripts must be evaluated by an approved foreigncredential evaluator prior to submission.Contact InformationIf you have any questions, please contact the Human ResourcesOffice at 706-507-8920 or e-mail to [email protected] of EmploymentA successful criminal background check will be required as acondition of employment.Please Note: Visa sponsorship is not provided for thisposition. Job SummaryThe Department of Mathematics at Columbus State University invitesapplications for a tenure-track position at the rank of AssistantProfessor beginning August 2021. We seek candidates with a strongcommitment to excellence in teaching and research with thepotential to make significant contributions to undergraduateresearch and the Mathematical and Data Sciences programs.ResponsibilitiesThe position will include a workload of teaching 12 hours persemester of Mathematics and Data Science courses at undergraduatelevels, research and scholarship, academic advising, service forthe department and for the University. The selected candidate willjoin a group of 16 full-time faculty members in the departmentincluding mathematicians, statisticians, and mathematics educators.The department offers baccalaureate degrees in mathematics,mathematics and secondary education, and applied mathematics; weare also committed to maintaining a proactive role in themathematical preparation of K-12 teachers and are establishing a BSProgram in Applied Mathematical Sciences with Data Science andActuarial Science concentrations. Collaborative efforts betweenmath, science, and education faculty recently led to the funding oftwo major grants (a UTeach replication grant worth up to $1.4million and a Noyce Scholarship grant worth approximately $1.2million).Required QualificationsCandidates should have an earned doctorate in Applied Mathematicswith research interest in Data Science, or an earned doctorate inData Science field with strong foundation in Mathematics or closelyrelated field from a regionally accredited institution by August 1,2021; excellent written and oral communication skills; ademonstrated potential for outstanding teaching at all levels;excellent interpersonal and collaboration skills; and sustainableresearch and publication plans.Preferred QualificationsPreference may be given to candidates who demonstrate knowledge andexperience in Data Science and Actuarial Science.Required Documents to AttachReview of applications will begin immediately and will continueuntil the position has been filled. Applications for part-time andfull-time faculty positions must include transcripts of allacademic work, and official transcripts must be presented prior tocampus visit if selected for interview. Applicants must have theability to meet Southern Association of Colleges and SchoolsCommission on Colleges (SACSCOC) requirements, in particular aminimum of 18 graduate hours in the teaching discipline. ColumbusState University is an Affirmative Action/Equal OpportunityEmployer, Committed to Diversity in Hiring.Required Documents to Submit with Online Application: Cover Letter/Letter of ApplicationCurriculum VitaeUnofficial Transcripts (Official transcripts from allinstitutions attended must be received prior to an offer beingextended)Statement of Teaching PhilosophyStatement of ResearchEvidence of Teaching EffectivenessThree references with emails and current telephone numberslast_img read more

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Obituary for Veronica (Marikian) Wedding

first_imgObituary for Veronica (Marikian) Wedding Veronica Wedding, 83, of Evansville, passed away on Friday, December 1, 2017 at The Protestant Home. She was born September 19, 1934 in Los Angeles, CA to the late Alex and Alice Marikian.Veronica “Ronnie” met her husband, Robert “Bob”, in California while he was stationed in the United States Navy during the Korean War. They were married nearly 62 years. After her children were in school, Ronnie worked in the school cafeterias of Holy Spirit, and St. Benedict grade schools and Memorial High School. She was a long-time member of Holy Spirit Catholic Church. Ronnie enjoyed reading, watching TV and playing bunko with her friends. She was a wonderful wife, mother, grandmother and great-grandmother.Veronica was preceded in death by her husband, parents, brother, Karol, and sisters, Catherine, Lucy and Mary.Veronica is survived by her sons, Greg (Connie), Tom (Brenda) and Dave Wedding; by her daughter, Yvonne McIntire (Brett) all of Evansville, IN; grandchildren, Lisa, Jaron (Katie), Houston (Anastasiia), Tristin, Lindsey (Chad), Hailey (Billy), Adam, Lauren, Dana, Kayla, Brittany, Lacey and Nicole; great-grandchildren, Jake, Addie, Mason and Easton.Visitation will be from 2 pm until 8 pm on Monday, December 4, 2017 at Browning Funeral Home, 738 Diamond Ave., Evansville, IN 47711.A funeral service will be held at 9 am on Tuesday, December 5, 2017 at Browning Funeral Home with Father Tom Kessler officiating. Burial will follow at St. Joseph Catholic Cemetery.In lieu of flowers, memorial contributions may be made to the St. Vincent de Paul Food Pantry, 809 N. Lafayette Ave., Evansville, IN 47711.The family thanks the wonderful staff at The Protestant Home and Kindred Hospice who cared for her during her last days.Condolences may be made online at www.browningfuneral.com.To send flowers or a remembrance gift to the family of Veronica (Marikian) Wedding, please visit ourTribute Store. FacebookTwitterCopy LinkEmailSharelast_img read more

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News story: Liam Fox delivers Parliament and the public a central role in post-Brexit UK trade agreements

first_img For the first time in over 40 years the UK will have the chance to decide who we trade with and on what terms. Those decisions must work of the whole of the UK, and that is why we are making this unprecedented commitment to transparency and inclusiveness for our MPs, the Devolved Administrations, businesses, civil society groups, trade unions and the public. As an international economic department, we have the chance to deliver trade agreements that work for consumers and businesses across the UK. The more input we get on these, the better they will be. Public consultations:Dr Fox announced the government’s intention that a 14-week consultation will run ahead of any new negotiation, allowing any individual or organisation across the UK to give their view. These will be easily accessible on online to ensure as many people get to feed into the government’s work as possible.This is longer than other government consultation periods and longer than the EU runs its own trade consultations for, giving the British public more say over Britain’s trading future.As part of the consultations, the Department for International Trade (DIT) will run events in all regions and nations of the UK to seek their views on how prospective trade agreements could support prosperity and growth.Expert advice:A new Strategic Trade Advisory Group will also be created, advising DIT ministers and trade negotiators on trade policy and negotiations.The Group will be made up of 14 experts drawn from different groups such as business, civil society and unions, with an interest in our future trading relationships and their impact on the UK – from the workplace to consumer choice and the environment.Individuals will be invited to apply by 17th August 2018 to join the group which will meet quarterly, providing direct advice to ministers and UK negotiators. Apply to be part of the Strategic Trade Advisory Group to advise the government on trade policy and negotiations.center_img International Trade Secretary, Dr Liam Fox, today set out major new proposals ensuring that MPs, the Devolved Administrations, businesses and the public can influence Britain’s post-Brexit trade, designed to ensure future agreements create prosperity across the whole of the UK.International Trade Secretary Dr Liam Fox said: Providing evidence:MPs will be given the opportunity to consider the Government’s approach to negotiations and the potential implications of any agreements.As negotiations progress, the Government will keep Parliament closely involved with regular Ministerial statements and updates to the International Trade Committee. The Government will – before entering formal negotiations – publish an ‘Outline Approach’ to each negotiation, setting out the high-level objectives and scope of that negotiation. This document will be accompanied by a scoping assessment.Devolved Administrations:We will work closely with the Devolved Administrations on an ongoing basis to deliver an approach that works for the whole of the UK. As part of this, we are conducting a series of collaborative policy roundtables with Devolved Administrations recognising the close interaction between trade policy and devolved policy areas.Parliamentary approval:Once a free trade agreement is finalised, if it changes existing UK laws, and where necessary legislation doesn’t already exist, then new primary legislation will be introduced. Parliament will also be provided with comprehensive analysis of its effects.Importantly, Parliament will be able to scrutinise any new legislation in the usual way, as well as the ratification of all agreements through the usual procedures.last_img read more

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Members Of The Meters, Dumpstaphunk To Play ‘Foundation of Funk’ Jazz Fest Late Night

first_imgTalk about a superjam! The Godfathers of Funk will be joining forces during Jazz Fest on Saturday, April 23rd to bring a jam-packed late night rager to the House of Blues. Hailing from some of the most legendary funk acts in the game, Zigaboo Modeliste (The Meters), George Porter Jr. (The Meters), Ivan Neville (Dumpstaphunk) and Tony Hall (Dumpstaphunk) are ready to lay down the Foundation of Funk. Tickets are available here.When talking about New Orleans funk legends, it’s impossible to not bring up The Meters. The OG funk band’s legacy is undeniable, having pioneered the genre with classics such as “Cissy Strut” and “Fire On The Bayou”. Founding Meters members Modeliste and Porter will be joined by Ivan Neville, the nephew of original Meters member Art Neville. The musical legacy in this lineup is powerful, to say the least.Ivan Neville Discusses Chris Robinson Supergroup At Fool’s Paradise On Jam ONNeville will be joined by Dumpstaphunk bandmate Tony Hall, one of the baddest bassists in the game. When these two join forces on stage, it’s simply explosive.Get down with the funkiest, most legendary bunch of musicians to emerge from the Big Easy on Saturday, April 23rd at the House of Blues. Get tickets here.Enter to win tickets:last_img read more

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President Obama Reacts To Prince’s Death

first_imgPresident Barack Obama has never hid his love for music. Whether he’s the keynote speaker at SXSW, having Derek Trucks play at the White House, or talking about catching Rebirth Brass Band at the Maple Leaf, he’s proved time and time again he’s a patron of the musical arts. Sufficed to say, we weren’t surprised when the had some beautiful words to say about Prince. Here’s the official statement he released via his Facebook Page yesterday:Today, the world lost a creative icon. Michelle and I join millions of fans from around the world in mourning the sudden death of Prince. Few artists have influenced the sound and trajectory of popular music more distinctly, or touched quite so many people with their talent. As one of the most gifted and prolific musicians of our time, Prince did it all. Funk. R&B. Rock and roll. He was a virtuoso instrumentalist, a brilliant bandleader, and an electrifying performer.“A strong spirit transcends rules,” Prince once said — and nobody’s spirit was stronger, bolder, or more creative. Our thoughts and prayers are with his family, his band, and all who loved him.last_img read more

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