AvalonBay Stock Gains 19.2% in Six Months: More Room to Run?

Shares of AvalonBay Communities (AVB) have gained 19.2% over the past six months, outperforming the industry's 12.8% growth.In November, AVB reported third-quarter 2024 core funds from operations (FFO) per share of $2.74, which beat the Zacks Consensus Estimate of $2.71. The figure climbed 3% from the prior-year quarter’s tally.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 ra ...