With a market cap of $28.6 billion, Arlington-based AvalonBay Communities, Inc. (AVB) is a real estate investment trust primarily focusing on developing, redeveloping, acquiring, owning, and operating multi-family apartment communities for higher-income clients in high barrier-to-entry regions of the United States.
AVB is scheduled to report its Q2 earnings on Thursday, July 30. Ahead of the event, analysts expect the company to report an AFFO of $2.80 per share, up 1.1% year-over-year from $2.77 per share the same quarter last year. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters, while missing on one occasion.
