05:15 PM EDT, 04/30/2025 (MT Newswires) -- AvalonBay Communities ( AVB ) reported Q1 core funds from operations late Wednesday of $2.83 per diluted share, up from $2.70 a year earlier.

Analysts surveyed by FactSet expected $2.81.

Revenue for the quarter ended March 31 was $745.9 million, up from $712.9 million a year earlier.

Analysts surveyed by FactSet expected $743.3 million, if comparable.

The company expects Q2 core FFO of $2.72 to $2.82 a share. Analysts surveyed by FactSet expect $2.85.

AvalonBay reaffirmed its previously provided full-year 2025 core FFO guidance range of $11.14 to $11.64 a share. Analysts surveyed by FactSet expect $11.42.

Shares of the company fell 4.3% in recent after-hours activity.

Price: 201.04, Change: -8.94, Percent Change: -4.26