AvalonBay Communities (AVB) Q1 FFO and Revenues Top Estimates

AvalonBay Communities (AVB) came out with quarterly funds from operations (FFO) of $2.70 per share, beating the Zacks Consensus Estimate of $2.64 per share. This compares to FFO of $2.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 2.27%. A quarter ago, it was expected that this apartment building owner would post FFO of $2.73 per share when it actually produced FFO of $2.74, delivering a surprise of 0.37%.Over the last four qua ...