With a market cap of $26.4 billion, Arlington-based AvalonBay Communities, Inc. (AVB) is a leading U.S. real estate investment trust (REIT) that develops, owns, and manages high-quality apartment communities in major metropolitan areas such as New York, California, Washington, D.C., and the Pacific Northwest. The company operates over 315 communities with around 97,000 apartment homes and continues to expand into high-growth markets like Texas, Florida, and North Carolina.
AVB is scheduled to report its Q3 earnings on Thursday, Oct. 29. Ahead of the event, analysts expect the company to report an AFFO of $2.81 per share, up 2.6% year-over-year from $2.74 per share in 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.
