India, April 27 -- AvalonBay Communities, Inc. (AVB) Monday reported first-quarter net income of $325.7 million or $2.33 per share, compared to $236.6 million or $1.66 per share last year.
Funds from operations for the quarter were $383.6 million or $2.72, compared to $396.8 million or $2.78 per share last year.
Core funds from operations for the quarter were $398.7 million or $2.83 per share, compared to $403.3 million or $2.83 per share last year.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
Looking forward to the second quarter, the company expects earnings per share of $1.23 to $1.33, funds from operations of $2.68 to $2.78 per share and core funds from operations of $2.72 to $2.82 per share....