AvalonBay Q3 FFO & Revenues Surpass Estimates, View Revised

AvalonBay Communities (AVB) reported third-quarter 2024 core funds from operation (FFO) per share of $2.74, which beat the Zacks Consensus Estimate of $2.71. Moreover, the figure climbed 3% from the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The quarterly results reflected a year-over-year increase in same-store residential revenues. Same-store average monthly revenue per occupied home also rose. This residential REIT revised its 2024 core FFO per share outlo ...