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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.