💨 Abstract

AvalonBay Communities Inc. reported second-quarter funds from operations of $2.82 per share, exceeding Wall Street estimates. However, the real estate investment trust's revenue of $760.2 million fell slightly short of analyst expectations. For the current quarter, the company projects funds from operations between $2.75 and $2.85 per share, and full-year figures between $11.19 and $11.59.

Courtesy: WTOP Staff