AvalonBay Reports Higher 3Q Core Funds From Operations

Date : 10/28/2019 @ 9:01PM
Source : Dow Jones News
Stock : Avalonbay Communities Inc (AVB)
Quote : 160.27  9.21 (6.10%) @ 8:02PM
Avalonbay Communities share price Chart
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AvalonBay Reports Higher 3Q Core Funds From Operations

Avalonbay Communities (NYSE:AVB)
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6 Months : From Sep 2019 to Mar 2020

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By Robert Barba

 

AvalonBay Communities Inc. (AVB) reported net income for the third quarter of $279.7 million, up from 45% from a year earlier.

The real-estate investment trust said core funds from operations were $2.34 a share, compared with $2.28 a share a year earlier.

Analysts polled by FactSet expected core funds from operations of $2.35 a share.

Total revenue from established communities including uncollectible lease revenue was $461.2 million, up from $449.1 million a year earlier.

 

Write to Robert Barba at robert.barba@wsj.com

 

(END) Dow Jones Newswires

October 28, 2019 16:46 ET (20:46 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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