AvalonBay (AVB) Q2 FFO & Revenues Beat Estimates, View Raised

AvalonBay Communities (AVB) reported a second-quarter 2024 core funds from operation (FFO) per share of $2.77, which beat the Zacks Consensus Estimate of $2.71. Moreover, the figure climbed 4.1% from the prior-year quarter’s tally.The quarterly results reflect a year-over-year increase in same-store total revenues. The same-store average rental revenue per occupied home reported a rise. This residential REIT also raised its 2024 core FFO per share, same-store residential revenue and net operating income (NO ...