Avalonbay Marginally Misses
Avalonbay Communities Inc. (NYSE:AVB), a leading multifamily real estate investment trust (REIT), reported fiscal 2011 third quarter funds from operations (FFO) of $107.6 million or $1.17 per share compared with $84.5 million or 98 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after [...]
Avalonbay Communities Inc. (NYSE:AVB), a leading multifamily real estate investment trust (REIT), reported fiscal 2011 third quarter funds from operations (FFO) of $107.6 million or $1.17 per share compared with $84.5 million or 98 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
The reported FFO for third quarter 2011 marginally missed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards