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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