đź’¨ Abstract

AvalonBay Communities Inc. (AVB) reported first-quarter results with funds from operations of $403.3 million, beating analysts' expectations. The apartment building owner had net income of $236.6 million and revenue of $745.9 million, missing Street forecasts. For the next quarter, the company expects per-share funds from operations to range from $2.72 to $2.82.

Courtesy: wtop.com

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