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.
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.
The company affirms its February 2026 full year outlook for FFO and Core FFO. The company now expects full year EPS to be in the range of $5.92 to $6.42.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.