Avalonbay Communities (AVB) Tops Q2 FFO by 4c, Raises FY Guidance

Avalonbay Communities, Inc. (NYSE: AVB) reported Q2 FFO of $1.70, $0.04 better than the analyst estimate of $1.66. Revenue for the quarter came in at $413.8 million versus the consensus estimate of $404.86 million.

Avalonbay Communities, Inc. sees Q3 2014 FFO of $2.11-$2.19, versus the consensus of $1.71.

Avalonbay Communities, Inc. sees FY2014 FFO of $7.18-$7.34, versus prior guidance of $6.6-$6.9 and the consensus of $6.76.

For earnings history and earnings-related data on Avalonbay Communities, Inc. (AVB) click here.

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