AVALONBAY CMNTYS INC

Ticker: AVB CUSIP: 053484101 Class: COM

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016

Shares 25,775 Value ($000) $4,585 Avg Close $130.70 Range $122.41 - $136.52

Q2 2016

Shares 27,231 Value ($000) $4,914 Avg Close $129.86 Range $120.04 - $138.55

Q1 2016

Shares 23,731 Value ($000) $4,513 Avg Close $126.35 Range $114.93 - $137.26

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	25,775	$4,585	$130.70	$122.41 - $136.52
Q2 2016	27,231	$4,914	$129.86	$120.04 - $138.55
Q1 2016	23,731	$4,513	$126.35	$114.93 - $137.26