Feb 5 (Reuters) - AvalonBay Communities ( AVB ) forecast full-year 2025 earnings above

Wall Street estimates on Monday, as it expects to continue benefiting from limited supply of

rental apartments relative to demand.

The company expects full-year profit to be in the range of $8.24 to $8.74 per share,

compared with analysts' estimates of $5.47 each, according to data compiled by LSEG.

It expects core funds from operations (FFO), a key profitability metric watched closely by

investors, to be in a range of $11.14 to $11.64 per share for 2025. Analysts expect the company

to post core FFO of $11.53 per share for 2025.

AvalonBay's portfolio includes properties in places that have remained relatively insulated

from heavy rental supply elsewhere in the U.S., such as New England and Florida as well as metro

areas like New York and Washington, D.C., resulting in robust demand and steady rent growth.

The real estate investment trust reported fourth-quarter core FFO of $2.80 per share, below

analysts' estimates of $2.83 apiece.

Same-store residential revenue grew 3.2% in the quarter ended December 31, while same-store

residential net operating income increased 2.3%, with the highest gains in the New England

market.