Arlington-based AvalonBay Communities, Inc. (AVB) operates as a real estate investment trust (REIT). With a market cap of $29.6 billion, the company specializes in the development and management of multifamily apartment communities across high-demand regions. The company is expected to announce its fiscal Q2 earnings results after the market closes on Wednesday, Jul. 31.
Ahead of this event, analysts expect AVB to report a Core (Funds From Operations) FFO of $2.71 per share, a 1.9% increase from the $2.66 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters. In the most recent quarter, the company's Core FFO of $2.70 per share jumped 6.1% annually, surpassing the consensus estimate by a 2.3% margin.
