04:55 PM EDT, 04/25/2024 (MT Newswires) -- AvalonBay Communities ( AVB ) reported Q1 core funds from operations Thursday of $2.70 per share, up from $2.57 a year earlier.

Analysts surveyed by Capital IQ expected $2.65.

The company said it expects Q2 core funds from operations of $2.63 to $2.73 a share. Analysts surveyed by Capital IQ expect $2.71.

AvalonBay expects 2024 core funds from operations of $10.71 to $11.11 a share. Analysts surveyed by Capital IQ expect $10.87.